Andre Yoskowitz
25 Dec 2012 17:38
PayPal has banned PRQ, the ISP begun by Pirate Bay founders, from its services.
After three years of partnership, PayPal froze the assets of the company for 180 days and has effectively shut them down.
The ISP was started in 2004 with the motto that it is 'bullet-proof,' meaning if the site is legal in Sweden, it will host and defend it.
Because of their defense of sites like The Pirate Bay, PRQ is raided at least once per year with authorities looking to shut down sites used to share unauthorized files. PRQ is even infamous for accepting cash as a form of payment for companies that need to leave no paper trail.
Without PayPal, it appears that PRQ will need to find other methods of payment from its sites, with Bitcoins being accepted now while they work on their Visa/Mastercard merchant account.
"That was it for us, that made us decide to discontinue PayPal forever. It's sad that PayPal decided to f*ck us after three years of service," PRQ concluded (via Freak).