> Did anyone actually try to "cut a deal" with PayPal, explaining the kind > of business you were trying to do?
Yes, but the problem is that PayPal allows fraudulent money into their system by giving their buying customers access to credit cards. There are dozens, if not hundreds, of thieves which have access to stolen credit cards. These people will use stolen credit cards to buy gold. Then, when the paying customer discovers this, they will cancel their credit card, leaving PayPal with a fraudulent transaction, who will try to recover the money from where it was spent. This would be the exchange service.
An acquittance of mine, with a legit business, had this same problem about 2 years ago. He was getting ripped off right and left by PayPal fraudsters. He was just about to give up using it when an inspiration struck him: PayPal's ToS and business practices that at fault, why not make them pay. He set up about 20 bank accounts, under phoney names, and the same number of PayPal accounts. When an account got too 'hot' he abandoned it and left PP with the damage. Last I heard, about a year ago, this had fixed most of his fraud problems. Since 9/11 opening such accounts has gotten much tougher AFAIK.
steve
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