Chris Moneymaker Takes on PayPal After Having $12k Seized

1 year ago
Chris Moneymaker Takes on PayPal After Having $12k Seized
28 May

Chris Moneymaker has taken aim at PayPal after the payment processor swiped more than $12k from the 2003 WSOP Main Event champion’s account – with Mike Matusow among others also calling out the company as thieves.

The ACR pro and ambassador appears to have fallen foul of PayPal’s terms of service, the screenshot Moneymaker shared showing a $12,228.55 deduction on April 14th for “PayPal’s damages caused by Acceptable Use Policy violation.”

Quite what that violation was Moneymaker isn’t saying, but it could well be related to either poker or crypto, or perhaps a combination of both as ACR are one of the biggest site’s when it comes to paying out in virtual currency.

PayPal users in the USA (except for those in Hawaii) can buy, sell, hold, and pay using 4 different cryptocurrencies - Bitcoin, Ethereum, Litecoin, and Bitcoin Cash – but not if they are using a business account.

Certain payments require PayPal pre-approval, the company’s ‘acceptable use’ list including “activities involving gambling, gaming and/or any other activity with an entry fee and a prize, including, but not limited to casino games, sports betting, horse or greyhound racing, fantasy sports, lottery tickets, other ventures that facilitate gambling, games of skill (whether or not legally defined as gambling) and sweepstakes, if the operator and customers are located exclusively in jurisdictions where such activities are permitted by law.

That offers PayPal a lot of excuses when it comes to poker player accounts, and whatever the exact cause of this recent hit on Moneymaker, he is far from the first poker player to be stung by the online payments’ provider.

A friend of Danielle 'dmoongirl' Andersen had $20k taken in a similar raid while Mike Matusow appears to have also fallen victim to the cash-grab, apparently unable to do much about it.

That didn’t stop Moneymaker from taking up the gauntlet of fighting the giant, replying to Matusow:

“Need a new lawyer, I will reach out. I am going after them.”

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Andrew from Edinburgh, Scotland, is a professional journalist, international-titled chess master, and avid poker player.Read more


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