Pharaoh
Brigadier General
- Messages
- 20,304
PAYPAL NO LONGER TAKE DEP, WITH DRAWS FOR THE FOREX. PayPal changed it's Forex policy and now no Forex company can receive funds via PayPal . THAT IS TRUE as of last week
Really?????
I decided to check with a US broker that takes PayPal. They said they knew nothing about this policy and were processing transactions normally.
Oh wait, you might say that a broker or two somehow hadn't been filtered out by this policy. After all, "forex brokerage" isn't part of the name of every broker, so it might take a week or so for such a policy to become widely enforced.
There was only one way to be sure. I called PayPal. They clearly and unequivocally stated that there is no such policy. Of course, it is possible that specific brokerages with issues might have their rights to use PayPal canceled. That would be on a case-by-case basis, and be based on what sort of complaints PayPal had gotten about a specific broker.
If mjrice4 wants to spread rumors, he should pick ones that aren't so easy to check on.