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News

What is happening around us

April 8, 2022 April 8, 2022 / By tjchinafreight ivy / FBA

A large number of sellers’ PayPal accounts have been cleared!

To this day, the aftermath of Amazon's title wave still leaves many sellers with lingering fears and fears.
In addition, since the beginning of this year, there have been platforms that have begun to follow Amazon's "road of imitation", and bad news has been reported frequently.

It is understood that recently, the payment platform PayPal has also joined the melee army of clearing accounts, targeting Chinese sellers.
There are even big sellers who revealed that their deductions and frozen funds exceeded 78 million yuan. Let's take a look at what is going on.

01PayPal cleaning

It is also a headache for independent stations to sell well

A few days ago, the cross-border big seller Tongtuo Technology released the announcement of major events, which attracted many sellers to come to watch.
The content of the announcement pointed out that some of the funds in the PayPal account bundled with the company's independent station recently appeared abnormal:
Among them, 29 accounts have been deducted by Paypal. As of March 28, 2022, the deduction amounted to a total of RMB 54.245 million;
6 accounts were sued for trademark infringement due to the products sold by the bound independent station, and 24.246 million yuan of funds were frozen;
For the rest of the accounts that are bundled with Paypal, according to the regulations of PayPal, after the account withdrawal function is closed, the last payment is 180 days before the normal payment can be applied.

02 Independence Station Waterloo

A large number of sellers suffered heavy losses

If the big sale is like this, how can the small sale be spared?

In the past few days, many independent website sellers have successively reported that their PayPal accounts were suddenly debited by the platform, and what’s more, some sellers’ PayPal accounts were directly cleared.
It is reported that PayPal has recently launched a special campaign against accounts in China to severely crack down on violations such as trademark infringement and the proliferation of counterfeit goods on independent websites. It does not rule out the harm of innocent people, but it has also caused many independent website sellers to suffer heavy losses.

Some sellers said that according to foreign practice, consumers can ask payment institutions for compensation when they encounter fraudulent acts. PayPal is likely to compensate many consumers for this, so this time it has increased its crackdown on violations.
You must know that last year, the tide of Amazon bans scare away onlookers, and at the same time, some Amazon prepared sellers turned around and threw themselves into the arms of independent stations.

There are also a group of sellers who adhere to the principle of "don't put eggs in the same basket", and have also started their own independent journeys.

I thought I had found a broad blue ocean to get rich, but I didn't expect that Feng Shui would take turns, and within a year, I encountered the "Independent Station Waterloo" which is the same as the "Amazon title tide".

Coupled with the recent "accidents" of the big sale, linking the various news from the outside world, it is not difficult to understand that someone would issue such a soul torture.
In fact, it is not that it is difficult to do an independent station, but that the overall environment of cross-border e-commerce has higher requirements for compliance.
Therefore, it is not difficult to judge that for cross-border sellers, strengthening legal awareness, intellectual property awareness, and operational compliance awareness will become a required course.

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