Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
I'll bet you didn't know this...
>
Reply to Thread
Message:
<p>[QUOTE="stldanceartist, post: 1981964, member: 13307"]I sure didn't...</p><p><br /></p><p>Sold a 1916 Cuba 20 Centavos to a fellow CT member. Keep in mind that this coin is pre-Castro by a good 40 years. Minted in PHILADELPHIA.</p><p><br /></p><p>Got an email from PayPal tonight. Here's what it said:</p><p><br /></p><p>Dear xx,</p><p>></p><p>></p><p>> As part of our security measures, we regularly screen activity in the</p><p>> PayPal system.</p><p>></p><p>> PayPal is committed to complying with and meeting its global regulatory</p><p>> obligations. One obligation is to ensure that our customers, merchants, and</p><p>> partners are also in compliance with applicable laws and regulations,</p><p>> including those set forth by OFAC, in their use of PayPal.</p><p>></p><p>> PayPal's Compliance Department has reviewed your account and identified</p><p>> activity that is in violation of United States regulations administered by</p><p>> the Department of the Treasury's Office of Foreign Assets Control (OFAC).</p><p>> Please consult the following website for further information regarding OFAC</p><p>> regulations:</p><p>> <a href="http://www.treasury.gov/resource-center/sanctions/Pages/default.aspx" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.treasury.gov/resource-center/sanctions/Pages/default.aspx" rel="nofollow">http://www.treasury.gov/resource-center/sanctions/Pages/default.aspx</a></p><p>></p><p>> OFAC rules currently prohibit the purchase or sale of various goods and</p><p>> services originated from the following countries:</p><p>></p><p>> • Cuba</p><p>> • North Korea</p><p>> • Iran</p><p>> • Sudan</p><p>> • Syria (unlicensed items)</p><p>> • Burma (gems such as rubies, jade, jadeite)</p><p>></p><p>> In addition, OFAC also prohibits the purchase or sale of goods and services</p><p>> by those individuals designated as Specially Designated Nationals (SDNs).</p><p>></p><p>> It has come to our attention that you're advertising PayPal as a method of</p><p>> payment for the sale of goods and services originating from one or more of</p><p>> the countries listed above. To ensure that activity and transactions comply</p><p>> with current regulations, PayPal is requesting that you complete the</p><p>> following:</p><p>></p><p>> 1. Remove PayPal as a payment option; or</p><p>> 2. Segregate your checkout to disallow PayPal as a method of payment</p><p>> for any goods or services originating from these countries; or</p><p>> 3. Remove all goods or services originating from these countries from</p><p>> your website.</p><p>></p><p>> When this is complete, please email us at <a href="mailto:compliancetransactions@paypal.com.">compliancetransactions@paypal.com.</a></p><p>></p><p>> To ensure that future activity and transactions comply with current</p><p>> regulations, PayPal is requesting that you complete the following appeal</p><p>> step:</p><p>></p><p>> • Agree to no longer undertake activities in violation of laws,</p><p>> regulations and rules as outlined in PayPal's User Agreement.</p><p>></p><p>> Please log in to your account and go to the Resolution Center to find out</p><p>> what you need to do. If we don't hear from you by September 24, 2014, we</p><p>> will limit what you can do with your account until the issue is resolved.</p><p>></p><p>> Any further violations will result in the closure of your account. As a</p><p>> result of the violation, details of your account and the transaction have</p><p>> been reported to OFAC.</p><p>></p><p>> We thank you for your prompt attention to this matter. We apologize for any</p><p>> inconvenience.</p><p>></p><p>> Sincerely,</p><p>> Angela</p><p>> PayPal Compliance Department</p><p>></p><p>> © 2014 PayPal, Inc. All rights reserved. PayPal is located at 2211 N. First</p><p>> St., San Jose, CA 95131.</p><p><br /></p><p>The only problem with this is that IT IS NOT ILLEGAL TO SELL PRE-CASTRO CUBAN COINS. I'll refer you to this CoinWorld <a href="http://www.coinworld.com/content/cw/global/en_us/numismatic/coins/us-20th-century/ban-at-ebay-on-cuban-coins-angers-collectors.html#" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinworld.com/content/cw/global/en_us/numismatic/coins/us-20th-century/ban-at-ebay-on-cuban-coins-angers-collectors.html#" rel="nofollow">article</a> from June 2013 that states,</p><p><br /></p><p>"The Embargo Act and OFAC guidelines ban importing into the United States Cuban coins, currency and stamps issued from 1962 onward; <b>pieces issued prior to 1962 may be freely traded.</b> The eBay ban, however, goes further than the Embargo Act and OFAC guidelines, by prohibiting the sale of items issued before 1962, according to Putrow."</p><p><br /></p><p>Here is the link to the OFAC website's <a href="http://www.treasury.gov/resource-center/sanctions/programs/pages/cuba.aspx" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.treasury.gov/resource-center/sanctions/programs/pages/cuba.aspx" rel="nofollow">list of sanctions</a> on Cuban items:</p><p><br /></p><p><br /></p><p>What makes this even MORE fun is that WHILE I was reading the email from PayPal, someone bought my 3-coin set of 1, 2, and 10 Rials from IRAN. Which has been on eBay for <i>two months.</i> (FYI - there are hundreds of coins/currency from Iran currently on eBay.) </p><p><br /></p><p>So maybe this is my final day of eBay/PayPal? I have called PayPal already (of course, their compliance department isn't there during off hours) and they promised to call me back tomorrow.</p><p><br /></p><p>Anyone else think this is a bit on the ridiculous side?[/QUOTE]</p><p><br /></p>
[QUOTE="stldanceartist, post: 1981964, member: 13307"]I sure didn't... Sold a 1916 Cuba 20 Centavos to a fellow CT member. Keep in mind that this coin is pre-Castro by a good 40 years. Minted in PHILADELPHIA. Got an email from PayPal tonight. Here's what it said: Dear xx, > > > As part of our security measures, we regularly screen activity in the > PayPal system. > > PayPal is committed to complying with and meeting its global regulatory > obligations. One obligation is to ensure that our customers, merchants, and > partners are also in compliance with applicable laws and regulations, > including those set forth by OFAC, in their use of PayPal. > > PayPal's Compliance Department has reviewed your account and identified > activity that is in violation of United States regulations administered by > the Department of the Treasury's Office of Foreign Assets Control (OFAC). > Please consult the following website for further information regarding OFAC > regulations: > [url]http://www.treasury.gov/resource-center/sanctions/Pages/default.aspx[/url] > > OFAC rules currently prohibit the purchase or sale of various goods and > services originated from the following countries: > > • Cuba > • North Korea > • Iran > • Sudan > • Syria (unlicensed items) > • Burma (gems such as rubies, jade, jadeite) > > In addition, OFAC also prohibits the purchase or sale of goods and services > by those individuals designated as Specially Designated Nationals (SDNs). > > It has come to our attention that you're advertising PayPal as a method of > payment for the sale of goods and services originating from one or more of > the countries listed above. To ensure that activity and transactions comply > with current regulations, PayPal is requesting that you complete the > following: > > 1. Remove PayPal as a payment option; or > 2. Segregate your checkout to disallow PayPal as a method of payment > for any goods or services originating from these countries; or > 3. Remove all goods or services originating from these countries from > your website. > > When this is complete, please email us at [EMAIL]compliancetransactions@paypal.com.[/EMAIL] > > To ensure that future activity and transactions comply with current > regulations, PayPal is requesting that you complete the following appeal > step: > > • Agree to no longer undertake activities in violation of laws, > regulations and rules as outlined in PayPal's User Agreement. > > Please log in to your account and go to the Resolution Center to find out > what you need to do. If we don't hear from you by September 24, 2014, we > will limit what you can do with your account until the issue is resolved. > > Any further violations will result in the closure of your account. As a > result of the violation, details of your account and the transaction have > been reported to OFAC. > > We thank you for your prompt attention to this matter. We apologize for any > inconvenience. > > Sincerely, > Angela > PayPal Compliance Department > > © 2014 PayPal, Inc. All rights reserved. PayPal is located at 2211 N. First > St., San Jose, CA 95131. The only problem with this is that IT IS NOT ILLEGAL TO SELL PRE-CASTRO CUBAN COINS. I'll refer you to this CoinWorld [URL='http://www.coinworld.com/content/cw/global/en_us/numismatic/coins/us-20th-century/ban-at-ebay-on-cuban-coins-angers-collectors.html#']article[/URL] from June 2013 that states, "The Embargo Act and OFAC guidelines ban importing into the United States Cuban coins, currency and stamps issued from 1962 onward; [B]pieces issued prior to 1962 may be freely traded.[/B] The eBay ban, however, goes further than the Embargo Act and OFAC guidelines, by prohibiting the sale of items issued before 1962, according to Putrow." Here is the link to the OFAC website's [URL='http://www.treasury.gov/resource-center/sanctions/programs/pages/cuba.aspx']list of sanctions[/URL] on Cuban items: What makes this even MORE fun is that WHILE I was reading the email from PayPal, someone bought my 3-coin set of 1, 2, and 10 Rials from IRAN. Which has been on eBay for [I]two months.[/I] (FYI - there are hundreds of coins/currency from Iran currently on eBay.) So maybe this is my final day of eBay/PayPal? I have called PayPal already (of course, their compliance department isn't there during off hours) and they promised to call me back tomorrow. Anyone else think this is a bit on the ridiculous side?[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
I'll bet you didn't know this...
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...
