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Forums - PC Discussion - Paypal holding 600,000euros from the developer of Minecraft

"It’s common knowledge that PayPal are a company with a problematic background when it comes to their customer care, but this seems to be going over the top. The developer of Minecraft, Markus Persson, has just revealed that his PayPal account has been locked down and is pending review, with the possibility of it being closed permanently.

According to Persson, PayPal didn’t even bother to give him a detailed description of the problem, simply claiming there were suspicious transactions in that account. It would make sense in most cases, but definitely not when you consider there’s over 600,000 Euros in that account currently – and thanks to PayPal’s policy, if they deemed the account suspicious after the review, they get to keep all the money."

Source: http://www.devicemag.com/2010/09/10/paypal-holding-over-600000-euros-from-minecraft-developer/

Anyone that has played Minecraft knows that Markus deserves all of this money, but it looks like Paypal might be taking it off him for seemingly no reason.

We're talking about a lot of money here. How do you think the events are going to play out, and also discuss your opinions on Paypal as a company. 



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Cypher1980 said:
Soon the Darkside will be irresistable and will crush the MS rebel scum underfoot.

The Wii owners are like Ewoks. The Evil empire will tolerate them but turn their forest moon into a secret base.

wow, that sucks



I've been reading bad things about Paypal for probably almost a decade if not more (damn, I'm getting old :P). There are even whole sites detailing their bad practices, which seem quite common.

It's either stupidity or ignorance to use Paypal for someone who will have so much money there. The guy should have done his homework, or at least make frequent withdrawals. Letting 600,000 euros accumulate there, wow...



My Mario Kart Wii friend code: 2707-1866-0957

I totally didn't know this. I only ever heard positive things about Paypal. "why don't you just use Paypal" people say in forums.



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Oh, I spoke too soon... There's a better article here:

http://www.escapistmagazine.com/news/view/103385-PayPal-Freezes-750K-in-MineCraft-Devs-Account

 

"In response to people suggesting that it's somehow his own fault for letting all that money build up in a PayPal account, Persson noted that he actually clears out his account every week. "They limited my account just as sales started spiking, so this money has accumulated since they limited the account," he said."


My Mario Kart Wii friend code: 2707-1866-0957

NJ5 said:

Letting 600,000 euros accumulate there, wow...





NJ5 said:

Oh, I spoke too soon... There's a better article here:

http://www.escapistmagazine.com/news/view/103385-PayPal-Freezes-750K-in-MineCraft-Devs-Account

 

"In response to people suggesting that it's somehow his own fault for letting all that money build up in a PayPal account, Persson noted that he actually clears out his account every week. "They limited my account just as sales started spiking, so this money has accumulated since they limited the account," he said."


He is RICH.



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This guy deserves so much money isn't even funny. Paypal needs a good beatdown. 



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Time for hype

This is the first I have of pay pal not being a stand up company. Sad to hear, hopefully he can fight it somehow, almost seems like a bank stealing someones deposits. Maybe pay pal needs far more regulation and needs to get reigned in. Who owns pay pal now?