PAYPAL DESSERT VAPE INDUSTRY
PayPal have been axing vape accounts left, right, and center since late 2020, locking up cash from small businesses for 180 days. This behaviour may or may not be legal, but it is certainly unethical, and the damage it can do to small mum and pop vape stores can be huge.
Although PayPal have not supported vape ecommerce in the USA since 2009, vendors from all over the world happily used PayPal to collect payments and make sales online until recently. If you are a vape business that has not yet been sent the ominous “We no longer want to do business with you” notification/email then you are in the few, and it would be wise to diversify your payment processing if you haven’t done so already.
Online vape shop Creme de Vape said (Source: ecigclick):
OVER THE LAST FEW WEEKS, PAYPAL HAS BEEN BUSY SHUTTING DOWN PAYPAL ACCOUNTS ASSOCIATED WITH VAPE COMPANIES.
TODAY IT WAS OUR TURN, AFTER 11 YEARS USING THEIR SERVICES, THEY SHUT DOWN OUR ACCOUNT WITHOUT WARNING!