Where do the confiscated funds go when PayPal freezes an account?

Let's be honest, if you own a website and do great business and get rich through it with PayPal, PayPal will close your f*cking account on suspect of money laundering fraud or terrorist financing.

Well, just comply with KYC guidelines and provide personal identification to prove who you are and what you do legally to release those finances then.

Nope. Apparently those documents that you turned in are 'photoshopped' and you're locked out of your account forever.

First off, on what base do they have to say if a photo of physical documents is altered or not?

Finally, what does a non-governmental entity do with this 'dirty money' after they've seized it from you? In theory, if they don't return it to authorities, doesn't that make them fraudsters themselves?

3 Answers

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  • ?
    Lv 7
    5 months ago

    They're frozen funds. Unless someone can provide legitimate proof of ownership, they remain frozen and untouchable by anyone.

  • Anonymous
    5 months ago

    That's how paypal turns a profit... other than stealing money from every transaction that is.

  • 5 months ago

    i would ask paypal about it, they rnight know

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