In June 2011 PayPal shut down my account, without reason, without notice, and held over $50,000 of my money.
Dealing with PayPal was very tricky indeed because as far as PayPal were concerned we were done.
After a few days of phoning the risk department twice daily, they were putting the phone down on me within a couple of minutes.
I stayed cool and worked hard to reach anyone and everyone within PayPal so that my case could be heard. If I had not done this my account would still be closed today.
But I understand why PayPal did this…
…and it’s unfortunate, but PayPal is not even the worst payment processor out there when it comes to closing down accounts.
Quite simply if you are under risk if you do ANY ONE of these:
– selling information online
– running free or $1 trials
– sell anything related to SEO
– have a refund rate over 2%
– make earning claims in your products
– get a sudden spike in sales
Just any one of those could be enough for you to lose your PayPal account.
Join me live to find out how you can drastically reduce the chance of your payment processor shutting you down.
Register for your spot here:
https://www4.gotomeeting.com/register/528459247
Thanks
Chris Munch
Munchin’ time for online entrepreneurs & The Liberated Tribe of New Media
Take your bite of the web!
munchweb
| 13 Upper Baggot Street, 2nd Floor, Dublin 4, Dublin , Republic of Ireland
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