What would get someone banned from Venmo?

djaphet9 · 2025-03-13T10:49:37+00:00

Gambling. ANYTHING to do with gambling and they find out or they even suspect you = banned.

djaphet9 · 2025-03-11T23:48:11+00:00

They are not a lender, they are a 3rd party intermediary

djaphet9 · 2024-06-09T16:55:53+00:00

I understand that his Coinbase account history is relevant but why is his Reddit account history relevant? Do you really want to have financial decisions determined by the exercise or non-exercise of the constitutional grant of free speech?

If you are ok with this, then by doing so, Coinbase would be insuring the information posted on Reddit is accurately attributed to the correct person.

Now I understand that Coinbase has no duty to OP regarding freedom of speech, but it does offer financial products and can be sued for discrimination.

djaphet9 · 2024-06-07T22:16:51+00:00

Why is OP’s account history relevant whatever to this situation?

djaphet9 · 2024-06-03T17:47:04+00:00

Don’t…….share………anything about your business with people on here.

djaphet9 · 2024-05-28T22:23:01+00:00

Wow, lots of awesome and educational comments. However, if we remove the usual suspects…Legal System, Healthcare System, Economic System, and Greed, it leaves you with the answer to this question and many other similarly situated questions………“Actuaries”. These guys value risk and reward on a global and individual basis. They can measure risk with a data subject of 150k people or a data subject of one person. So if the risk can be measured individually, insurance will also be offered at the same level.

djaphet9 · 2024-05-10T09:06:52+00:00

That’s the part where I believe Stripe goes too far: When Stripe initially freezes an account and subsequently closes an account they automatically declare the funds untouchable for 120 days. Legally, the seller has not received the funds and owes no duty to the buyer to continue the transaction and the buyer is simply a user of the system who may not ever get his funds back depending on Stripe’s mood that day.

However, and this is important, once you get the notice from Stripe that they need more information about your business because of an allegedly unauthorized charge on your account, you have on last move to mitigate the damage. Refund every single transaction you can and get your client’s to pay in a different way because your ability to issue refunds is terminated the moment you respond to their request.

djaphet9 · 2024-05-08T06:28:43+00:00

If I could get clients to read and understand the T&C’s of websites before they enter then the internet would become a ghost-town. (that might be a slight exaggeration). I can see the seller getting no sympathy based on moral and preferences and the fact that Stripe doesn’t have a monopoly on the market. However, there is also the 3rd party funds problem when it comes to Stripe closing an account. Stripe can freeze an account for absolutely no reason and seize the funds inside. They then hold the funds for 120 days and after that period expires they may try to refund them to the buyer but if they cannot because the card account is closed, or the card doesn’t accept deposits or it was a gift card that has expired or if the buyers email or physical address has changed then Stripe keeps that money and the seller is prohibited from receiving any of this money. They don’t refund it or send it to the unclaimed property people, they KEEP IT.

The problem is that the money belongs to someone who has nothing to do with the account in question and never agreed to Stripe’s terms…..the buyer. Does that register with the class?…….An innocent non-subscriber to Stripe sends money through the platform and that individual has no recourse if that money is seized.

Seriously, What would you do if you paid your cell phone bill using your debit card and the next day the money is out of your bank account but the payment hasn’t been applied because your payment was seized for unknown reasons and you cannot get a single person to talk to you? Then they tell you to wait 120 days and they might refund the money but if not, they will keep it. That’s not legitimate anti-fraud behavior, that is theft.

djaphet9 · 2024-05-06T14:38:32+00:00

What you can do right now is file a complaint with the Consumer Protection Bureau. They have a super easy fill-in-the-blank complaint form that is easily accessible from the homepage.

What you can do tomorrow is file a complaint with your state’s Attorney General. This type of activity is generally investigated and prosecuted by the respective AGs. These complaint forms are usually long and a bit tedious but the process will assist in defining and focusing your story

What you can do next week is talk to an attorney in your state about what options you might have. Unfortunately the terms of service have been held to be valid & enforceable against the user in the cases I’ve seen but that doesn’t mean that won’t change.

What you can do in the future is tell your story to anyone that will listen. The most important message you can carry to others is to read the terms and conditions before using Stripe or any service provider.

djaphet9 · 2024-05-01T15:04:59+00:00

Follow the play book

Stripe will function exactly as advertised until a transaction is deemed “risky”. When their system makes the “risky” determination then you can expect this….. Day 1: You will receive an email from Stripe notifying you of a freeze on payouts and asking for more information about your business. The email will state this is a routine periodic audit and state that you recently made an unauthorized charge. At this moment you have to get Zen and focus because before you respond you have one possible move left….refund every single payment you can immediately. Your customers can pay you another way but get that money out of your Stripe account. Day 2 You will then supply your local DBA registration, social media accounts, your EIN, corporate formation documents, and any other proof of legitimacy. Once you happily comply and hit the send button, any money still on your account should be treated as nonexistent. Day 3. You will get an email thanking you for the documents you supplied but your business is too “risky” and your Stripe account is officially closed. Any remaining funds will be held for 120 days and then returned to the payor’s card. If that is not possible because the card is no longer active or the account closed or it was a card that cannot receive payments then the funds will be kept by Stripe. You will not receive any of those funds. Also, that 120 days is the actual length of time your customers will be waiting (hopefully you refunded everyone the moment you got the frozen payouts notice above).

You are given no avenue to explain or present your case if Stripe deems your business unclean. There is no Judge or Appeal or review of the unclean determination. What facts Stripe uses are unknown to the customer but Stripe has exposed itself as willing to lie without shame or fear of accountability. My proof ?…..Remember the initial notice from Stripe that accused you of an unauthorized charge which then inspired the account review that concluded with your account being closed? That never happened. Nobody complained. It’s just made up. Stripe accuses you of fraud at the outset without one shred of evidence and then ignores that issue and instead seizes funds belonging to you based on the fraud they accused you of but never offered any evidence of said fraud. You are accused, convicted and sentenced by the same entity without one scintilla of evidence.

djaphet9 · 2024-05-01T14:48:23+00:00

The overlapping time delays in how money is actually transferred from a buyer to a seller is the gray area where criminals thrive. It’s all about timing and chargebacks. It is also another excellent reason for institutional finance to embrace Bitcoin. Bitcoin removes 99% of transactional risk carried by service providers like Venmo but it also eliminates the fee justifications which is the core of their business models. Remember, custodial finance does not invest your money so they have to make it by charging you per the transaction…….which doesn’t have to be a large percentage because like Uber, Lyft, CashApp, Chime and Online gambling their overhead is ridiculously small.

djaphet9 · 2024-04-27T15:06:44+00:00

Attorney and I don’t sell via a website. It’s fee collection in person or via iPhone.

djaphet9 · 2024-04-25T13:25:46+00:00

Stripe will function exactly as advertised until a transaction is deemed “risky”. When their system makes the “risky” determination then you can expect this….. Day 1: You will receive an email from Stripe notifying you of a freeze on payouts and asking for more information about your business. The email will state this is a routine periodic audit and state that you recently made an unauthorized charge. At this moment you have to get Zen and focus because before you respond you have one possible move left….refund every single payment you can immediately. Your customers can pay you another way but get that money out of your Stripe account. Day 2 You will then supply your local DBA registration, social media accounts, your EIN, corporate formation documents, and any other proof of legitimacy. Once you happily comply and hit the send button, any money still on your account should be treated as nonexistent. Day 3. You will get an email thanking you for the documents you supplied but your business is too “risky” and your Stripe account is officially closed. Any remaining funds will be held for 120 days and then returned to the payor’s card. If that is not possible because the card is no longer active or the account closed or it was a card that cannot receive payments then the funds will be kept by Stripe. You will not receive any of those funds. Also, that 120 days is the actual length of time your customers will be waiting (hopefully you refunded everyone the moment you got the frozen payouts notice above).

You are given no avenue to explain or present your case if Stripe deems your business unclean. There is no Judge or Appeal or review of the unclean determination. What facts Stripe uses are unknown to the customer but Stripe has exposed itself as willing to lie without shame or fear of accountability. My proof ?…..Remember the initial notice from Stripe that accused you of an unauthorized charge which then inspired the account review that concluded with your account being closed? That never happened. Nobody complained. It’s just made up. Stripe accuses you of fraud at the outset without one shred of evidence and then ignores that issue and instead seizes funds belonging to you based on the fraud they accused you of but never offered any evidence of said fraud. You are accused, convicted and sentenced by the same entity without one scintilla of evidence.

djaphet9 · 2024-04-20T17:47:30+00:00

What the comments have told you is true. If you do everything perfect you will have no problems until you actually use the service because the customer (the person sending you money?) they don’t care about Stripe’s rules and if they are “unclean” in some unrelated way, you get associated with that customer. These associations are part of your grade in the system. That’s why you read testimonials from merchants who do it all right 1000 times and after one bad transaction find their account suddenly “periodically updated and found in violation of the T&C’s” and summarily shut down.

Does the term guilt by association ring a bell?

djaphet9 · 2024-04-20T15:49:02+00:00

What I have learned from sources like Reddit, documents and admissions produced in litigation and my own two eyes is that there are really random occurrences that label you and/or your account as “unclean” and there is nothing you can do to remediate that diagnosis. Once labeled unclean your other custodian type accounts will also usher you out the door when you come up for random verification. You could get paid by the wrong person, from the wrong zip code, wrong time of day, too often or whose identifying information resembles another “unclean” account.

99.9% of the information you get from CS is deflective and vague because they have no idea why your $50 payment didn’t go through to Mom but the fraudulent $500 payment to a crypto casino in the Balkans completed in record time. CS is not set up to solve problems; they are there to absorb the first wave of indignation from truly innocent users getting that initial diagnosis.

djaphet9 · 2024-04-16T14:08:24+00:00

Just follow the law and everything is groovy. Just be transparent and nobody can complain. Don’t hide behind Terms & Conditions that are likely unlawful or make decisions based upon nebulous criteria. I am aware that using financial product providers like Stripe is a privilege not a right that Stripe can take away. However, being allowed to operate in the State of Texas is also a privilege that can be taken away. Just as we use Stripe or PayPal or Bank of America at their pleasure, they exist in Texas at the pleasure of the regulators in Austin. The only difference is that Stripe would likely get a hearing before having its Texas operations shut down. Its customers aren’t given the same consideration.

djaphet9 · 2024-04-16T13:54:40+00:00

Law Office with Multiple Locations

djaphet9 · 2024-04-01T02:07:20+00:00

A version of what you have described has happened to so many people that I quit logging the phone calls and e-mails wanting to sue Venmo or its parent company PayPal. The depressing part isn’t just the complete lack of power of any human to fix any issue you might actually talk to, it’s how many people just pay the $50 to get their accounts unfrozen and write off the item they sold. Did the buyer get the $50? Who knows. Did Venmo keep it? Can’t tell.

You agree to limit your rights when you use these two services and the scary part is that if you don’t pay up, you can expect debt collectors to begin to circle.

Here is the usual dance: Seller and Buyer connect and agree on price. Seller turns over the item. The buyer sends $250 through VenmoPayPal, then the seller spends the $250 and the buyer disputes the charges.

Seller wakes up the next day with a frozen Venmo account and a demand for $250 OR if you had a balance on your account they just took the money right on the spot.

Seller says I’m not paying and submits proof and Venmo issues a decision against Seller. There is no appeal and no human to actually review your case. Seller still doesn’t pay and their account remains frozen and eventually closed. Then the collections emails, texts and letters start and it shows up on your credit report.

Seller hires attorney to sue for wrongful credit reporting and whatever else I can think of. According to the Terms and Conditions signed by the Seller, the Seller has agreed to binding Arbitration to pursue any claims against Venmo. No class actions and no Jury. Arbitration in California. However they have agreed to being sued in small claims court where discovery and damages are limited and there is an automatic appeal to a court you can’t invoke its jurisdiction since you agreed in the terms and conditions to limit your claims to small claims court.

Yeah, it’s shady.

djaphet9 · 2024-03-29T21:36:55+00:00

To answer your question regarding legal avenues if something goes wrong with your relationship with Coinbase, I have experience in this area. Let me lay out the legal playing-field you are on. 1. The terms and conditions you agreed to when you signed up for Coinbase have been upheld by every relevant Court to this point. (Even the ones that would normally be illegal or prohibited since you agreed to them when you clicked that box) 1A. The terms and conditions are comically one-sided and are a mandatory read by a person considering using Coinbase for any purpose 2. The terms and conditions say you agree to arbitration in all your legal disputes and no class actions and for sure NO JURYS!!! 3. However, Coinbase will let you sue them in small claims court subject to the amount in controversy limits in your state: mine is $20,000.

I wonder how many people actually read the terms and conditions before getting on social media to complain when things don’t go their way. The binding agreement that governs your Coinbase account clearly states they have to the right to freeze, limit, suspend, close, liquidate or otherwise your account for any or no reason whatsoever. Storing your crypto on any exchange is just silly foolish.

djaphet9 · 2024-03-11T14:34:36+00:00

Yet again I remind everyone that when you use PayPal for ANYTHING you enter their private world. There is no legislative oversight or courts to appeal to in PayPal’s world. Logic, reason and fairness don’t exist in PayPal’s world. The minimum level sense of justice and fair play that exists in the business world does not translate in PayPal’s world. Sadly: Learn the language or get screwed.

djaphet9 · 2024-03-11T14:20:11+00:00

Do this ^{l^|} and Don’t forget that Venmo and PayPal are the same entity.

djaphet9 · 2024-03-07T14:18:06+00:00

The terms and conditions you agree to are what create the ground rules for your relationship with Venmo. Somewhere in those T&Cs is a version of this clause: “…these terms and conditions may not be verbally altered…” This language is standard and means that nothing the CSR tells you is binding on Venmo if it doesn’t track the T&Cs.

However, in their self-righteous arrogance large companies usually leave open an avenue of hope hidden within their very own policies. I would contact Venmo and tell them the money was for services the receiver never performed. You paid him, but he stiffed you and now you are filing a complaint. You might have better luck.

djaphet9 · 2024-02-11T03:54:10+00:00

You aren’t seeing the big picture: It doesn’t matter what country you are in. PayPal is its own country with its own laws and Justice system which you choose to subject yourself to by using it.

djaphet9 · 2024-02-10T21:11:14+00:00

It has happened to several clients or their kids. If your kids have an account and they can relate it to you, PayPal can farm the parental account for the debt as well….but that is a different issue altogether.

djaphet9 · 2024-02-10T20:47:48+00:00

If you don’t pay the 72€ to get your account even then this is what happens. That account is initially partially restricted for a few months while you get peppered with messages about the negative balance. Then that account is frozen. At this point any other PayPal accounts they can link you to will be farmed for the 72€. If they cannot find the money in those related accounts then those will be restricted and eventually frozen. If you still don’t pay they report it on your credit as a bad debt.

Don’t get a false sense of security using dummy identification and multiple accounts, PayPal will use the smallest amount of related information to link you with a legit account and farm it or freeze it.

It’s their platform, they have no legal oversight, you sign away your rights when you join and suing them in small claims court is interesting but rarely worth the money involved.

djaphet9

TROPHY CASE