Is it against the TOS of PayPal to exchange money by moneybookers etc

Hi Friends

Is it against the TOS of PayPal and moneybookers to exchange funds ?

Will these result in ban ?

Mods,I tried searching for a thread with a similar subject but it didn't give any result,I apologies incase this has been already posted before,To know this was very important hence I had posted this thread

 

I'm not sure but I know many people are doing it and I haven't heard anyone has been banned for doing this

 

No.. Ofcourse not.. It is a Goods/Services from PayPal. PayPal cannot tell you what to do with YOUR money..

 

That is what I think,I had been recently scammed for 14.9 $ and had filed a dispute,Some members in the BST had suggested that it is against their TOS and the account can get banned,So was concerned .

 

Thanks for the info friend,Is it written somewhere in PayPal that I cannot use it exchanging funds like somewere in there TOS where I can refer,I tried searching for it on Google but could not find any post or weblink citing the same

 

I believe you are looking for these. It is apparent that there are people here who disregards these because they do not agree to them.

In Paypal,

https://www.paypal.com/us/cgi-bin/webscr?cmd=p/gen/ua/use/index_frame-outside

In Moneybookers

http://www.moneybookers.com/app/help.pl?s=terms

 

THanks for the info Pal

 

Nice Information collected Eddy. This will help us
Thanks for the effort

 

many are exchanging in the forums so i think not but its upto mods

 

If paypal finds out that your exchanging paypal for any other sort of ecurrency or similars. You will have your account shut down for 6months, money returned after exactly 180 days of waiting.

Yes, there are thousands that exchange money with each other everyday on forum. But keep in mind, this is against Paypal's use of service, unless they have given permission on such matter (which i dont think many have obtained unless your are a larger bank or so).

DL

 

The party that does exchanges would need both a money exchange license from the State/Country and explicit permission from Paypal to do this. Otherwise it can be deemed as money laundering. There are relatively strict financial laws when it comes to money exchanges.

 

this is similar to HAWALA in real world

 

Yes money exchange is against the PP TOS and they will freeze ur account if they found out something like "PP-e-gold exchange" or "send egold" in note/subject area of transaction.

 

Moneybookers will close your account if they se any comment in the transaction talking about "exchange"