The company known now as Paypal came to the limelight in December 1998 as a company named “Confinity” with Peter Luke Nosek and Max Levchin as founders. Failure in the business model of security software made them switch to the digital wallet. eBay purchased Paypal in 2002 but in 2015, Paypal spurned eBay and became a separate public company to date. Paypal has its headquarters situated in Mountain View, California. It is a financial technology company in America that operates an online payment system serving as an alternative to paper money. It helps process payments for commercial users, online businesses, and even auction sites like EBay. It also makes sending and receiving money among friends and family easy. In this article will see, You Can’t Use Paypal Anymore.
A Paypal account can be tied to a user’s bank account, credit card, or email, allowing users to make online purchases and carry out transactions easily. It has provided units like
- Digital Wallet: the digital wallet now very much common in the electronic transaction world was an idea expanded by Paypal founders to ease transactions for online retailers and credit systems.
- Paypal Mobile: this creation was one of the earliest methods used for payments through smartphones. Paypal opened up the way for other services like Apple pay and Google pay.
You Can’t Use Paypal Anymore
You Can’t Use Paypal anymore is a common message sent to defaulting customers of Paypal terms and conditions. If you received this message, there is a possibility you have made one or more of the following:
- You supplied incorrect, inaccurate, or misleading information Your account was used to commit fraud.
- Your account is in the negative.
- You have many accounts
- You broke one of PayPal’s terms, such as:
- The User Agreement
- Commercial Entity Agreement (CEA)
- Acceptable Use Policy (Policy)
To use Paypal, one has to set up an account that requires no fee but is free. An intending user only needs to fill in basic information and an email address. Your account can run as Paypal Credit, Paypal Cash or you can have both. With Paypal Credit, one has an unending credit line that is valid anywhere Paypal is accepted. One will be charged interest if the credit accrued monthly is not cleared off in full. Paypal Cash is the account that has any cash a user owns on Paypal. Introduced in 2019, when one is sent money via the Paypal platform, the receiver can transfer it to his/her external bank or leave it in the Paypal Cash account. This money can in turn be used without any connection to a bank. Paypal is simple and easy to configure. It makes receiving and sending money to anyone easy. It also offers security in transactions and keeps bank and personal information safe.
On the other hand, charges fees for business transactions can amount to high figures, especially for big business owners. Also, Paypal is usually strict with freezing accounts as a consequence of terms and conditions violations. Unfreezing accounts can take months. Customer care service can be hard to reach. When the need arises to transfer money from a Paypal account to a bank account, it can take up to 3-5 working days for it to go through. Making Paypal the only way of transacting online, can run a business at a loss as not everyone accepts Paypal.
Paypal Alternatives
TransferWise: this platform works best for international transactions. It offers transactional services with the actual exchange rate and so is relatively cheaper than Paypal. It helps its users to run invoices in the currencies of their customers, provides a debit card, and can manage money in different currencies. This platform charges 0.6% as a transaction fee compared to 1% of Paypal.
- Stripe: this is a platform that works with a great application programming interface. It works well with online businesses. It automatically credits one’s bank account and payments can be accepted globally. However, there is a need for a programming knowledge background to work with Stripe effectively so a business wanting a flexible API (application programming interface) would be making a suitable choice with Stripe. It works well with iOs and Android devices.
- Payoneer: This platform works for businesses like vacation rentals, freelancing, and online advertising so we can say that it works well for small and medium-sized businesses. It offers a debit card so users can withdraw from ATMs.
- Shopify Payments: this allows businesses on eCommerce to accept debit and credit cards on their Shopify store without a third party. This is particularly for those who have Shopify stores only.
- Square: this works best for in-person sales. One can accept cards, cash, and even gift cards. With Square, a user can swipe a card without an internet connection. You can print receipts or send them to online customers. It not only is for selling and buying but also provides tools for inventory management, invoicing recurring payments, and payroll.
- Skrill: an online platform made for online game lovers as well as those who deal in cryptocurrencies like Bitcoin, Ether, etc. It is a platform that works with ease, with only your email address and password, you can receive or send money; make payments, and store card details. One can transfer money with ease as well as withdraw freely at no extra charge.
- Amazon Pay: this is a platform that carries a brand name so can help attract customers. It is an alternative that is available on all devices which allows flexibility among business owners and their customers. Users are allowed to log in to their accounts and use their already saved payment details.
Conclusion
If PayPal believes you have broken one of the conditions or agreements you agreed to when you first created your PayPal account, your account will be permanently suspended or limited. PayPal will also prevent you from using its services in the future. With all of these alternatives, you do not have to rely solely on Paypal. This article will help to delve into the topic more briefly.
FAQ
1. Why will Paypal block my account?
Answer: Paypal has strict terms and conditions in order to continually secure its customers, any violation of these terms can lead to restriction of your account.
2. What do I do when my account is suspended?
Answer: If your PayPal account is suspended, these limitations can be appealed through the platform’s Resolution Center, and here’s how:
1. Go to the PayPal website.
2. Find the Help and Contact link in the footer of the website and tap it.
3. Go to the Resolution Center.
4. Select Account Limitations from the drop-down menu.
5. Complete each of the steps listed and then click Resolve.