PayPal Freezes $750K in MineCraft Dev's Account

[fanklok]

Clearly he couldn't have been selling a game he must be taking bribes and dealing drugs to childrens hence Paypal rightfully freezing his account, we can't let this fiend access his drug and bribe money it should all go to Paypal so they can continue to stop such evil doers.

 

[Bulit523]

I, until recently, worked in the credit card industry. You cannot even begin to believe the number of Paypal complaints we received. Like any company involved in "banking", their main goal is to hold onto the money as long as possible. They earn interest on it by investing it. They saw an opportunity to hold over $700,000, thus earning TONS of interest on it. They will give it back, but only when they've milked it for every 1/2 penny they can. I'd like to say stop using Paypal for this practice, but really this is common practice. Why do you think banks hold deposits for a day or two before entering them to your accounts?

 

[LeQuack_Is_Back]

Nice job PayPal. We'll see how smug you are about it when people start avoiding you because of crap like this.

 

[TraderJimmy]

Yeah dam Paypal for conforming to international bank standards. How dare they apply the anti money laundering and tax evasion laws of the EU, what an evil company.

Ha, +1.

I get that this is irritating (Slight understatement ), but this is to prevent money laundering. There's nothing dubious about it.

 

[daftnoize]

Any fortunate news yet? I really hope this isn't still an issue

 

[Treblaine]

why in all holy hell would you keep 750,000 dollars in your paypal.

Taxes?

 

[Vrach]

PayPal are a bunch of fuckwits. I'm surprised he didn't think of switching to a more trusted company. Really rooting for the guy here, hope he gets his cash back and hopefully sues their asses off to boot.

One obvious question emerges from Persson's ongoing troubles with PayPal: How the hell does one guy rack up more than three quarters of a million dollars off a single indie game?

The better question is how the hell does one guy rack up more than three quarters of a million dollars off a single indie game within a single week - considering he said he clears the account weekly. Even if that was one major sale spike, 40k units sold in a single week? Wow is all I can say

 

[ViciousTide]

He could just Sue, then sue for damages, then sue for the loss of potential profits.
Paypal takes 3% of all transcations, even donations. Those Greedy...