In the Face of Paypal’s Strict Risk Control, How to Avoid Your Account and Funds Being Frozen
When talking about the recent company situation with a friend who engaged in Shopify, he said, our Paypal account is frozen, and millions of dollars were at risk of being cleared. The company is also at risk of being dissolved if the funds cannot be taken out. Which makes him and the whole company upset.
In fact, this is not the first time PayPal has taken strict risk control measures against the merchants. Going back to late March 2020, PayPal has cleaned thousands of sellers’ accounts. At that time, all the accounts involved in irregular transactions were directly frozen, which caused a fund loss exceeding 100 million US dollars.
Not only that, PayPal announced in April that PayPal and Venmo would increase fees for instant transfers to U.S. consumers and merchants.
Let’s just go back to the topic. In the face of frozen accounts, seizure of assets, and increased transfer fees by Paypal, what should we do?
In fact, there are many E-wallets similar to Paypal that integrate various functions such as deposit, withdrawal, and currency exchange. For example, Perfect Money, Advcash, Payeer, etc. Considering the various payment habits of users in different regions, you may feel that Paypal is more widely accepted by users, and a single E-wallet payment may restrict the source of customers.
This issue can be perfectly solved with Epay, a secure, fast, and low-cost payment provider. Epay integrates the deposit and withdrawal functions of Perfect Money, Advcash, Payeer, and Fasapay. That is to say, if you access Epay, you will embrace 5 instant payment methods at the same time, because Epay is also an E-wallet that supports multi-currency currency deposits and withdrawals.
After making a profit, you can safely transfer the funds to your local bank account or above e-wallets through Epay. Epay not only protects buyers’ funds but also effectively protects the interests of merchants. With the continuous development of e-commerce and online payment methods, Epay’s payment gateways help you to expand your global business, increase order conversion rate, and ensure fund security.