Seattle-based domain registrar and web hosting company Epik had its PayPal account terminated after the online payment company accused it of violating its “risk controls.”
While Epik has cited conservative bias as the reason his PayPal account was terminated, the news center is Mashable revealed that its digital “alternative currency” Masterbucks was actually to blame.
Masterbucks can be purchased from Epik’s site and the digital currency can be used to pay for its products or even converted into US dollars. According to a source close to the situation, he did speak Mashable, the company has not taken the necessary legal action to secure its digital currency.
By not doing this, Epik has made it quite easy for its customers and others to use Masterbucks to launder money online, putting PayPal at a financial risk by continuing to use its payment platform.
Controversy is nothing new to Epik as the domain registrar is known for hosting the far-right site Gab and previously the bulletin board site 8chan.
In a open letter to PayPal employees, Epik SVP for Strategy and Communications Robert Davis called out the company for allegedly trying to silence conservative votes ahead of the 2020 election, saying:
“It appears that in a direct effort to silence conservative votes, PayPal has discontinued our payment services – just two weeks before a presidential election. and deindexing is not unknown to us, the degree of tyranny and oppression that this particular action represents cannot go unnoticed by the American people. ”
In a statement to Mashable however, a PayPal spokesperson explained that Epix had violated its user agreement and this was the reason its account was deactivated, saying:
“PayPal has advanced risk controls to alert our teams to potentially violent activity on our platforms. The company independently assesses each issue and bases its decisions on risk management and compliance with our long-term user agreement. “
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