41–50 of 348 posts
I don't think they need regulation. I think they need to carry on like they are for a few more years so I can watch them be eaten alive by crypto currencies and other fintech innovations.
I worry about your perception of how the world outside of techy people works.
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I wonder. It is a bit worrying that DropBox accepts PayPal.
Dropbox is a US based company, is not bound by EU data protection law, the Charter of Fundamental Rights of the EU (basically the EU's Bill of Rights), and additionally the US Constitutional ban on warrentless searches does not apply to EU citizens in EU.
Shenanigans like this will only hasten the onset of a bitcoin economy.
> PayPal has demanded that we monitor data traffic as well as all our customers’ files for illegal content. They have also asked us to provide them with detailed statistics about the files types of our customers sync and share on https://app.seafile.de That's a pretty big WTF right there. I know PayPal has a on overall pretty scummy reputation, but I still I cannot imagine PayPal doing this because they themselves th…
I think that there have been issues like this for porn sites in the past, because they have significant chargeback rates - to the point where man payment processes won't deal with them.
Visa and MasterCard eventually stepped in and made the banks do extra legwork for the porn sites. That had to leave a bad impression on them.
It's not even really the chargebacks: You'll still be considered high-risk even if you can demonstrate having very few chargebacks. It's more that you're lumped into a pool with some very bad actors in an industry that has a bad history.
File sharing services are listed as requiring pre-approval, so Seafile should've sent them an email before accepting it as payment: https://www.paypal.com/us/webapps/mpp/ua/acceptableuse-full They're well within their rights to decline your business. If a bank told the government, "We have no absolutely no idea what our customers are doing with their money or who they're sending it to. Maybe they're sending it to ter…
And if a EU company were to break the law and send personal data outside the EU, they'd be shut down in a heartbeat too.
Given that we've all read similar situations happening all over the web, I'm surprised organizations aren't including "paypal drops us for arbitrary reasons" or "paypal freezes our funds with them for arbitrary reasons" in their risk assessments when choosing vendors. In almost every case, that risk should probably push decision makers away from Paypal. It is also a little entertaining that their "brand risk" departm…
Compare this with setting up a merchant account to take payments (here in the UK), which takes weeks, involves finding a payment gateway, all sorts of paperwork and hoop jumping.
Fortunately companies like stripe.com have appeared here and will now eat in to PayPals user base. I can't wait for PayPal to go away.
File sharing services are listed as requiring pre-approval, so Seafile should've sent them an email before accepting it as payment: https://www.paypal.com/us/webapps/mpp/ua/acceptableuse-full They're well within their rights to decline your business. If a bank told the government, "We have no absolutely no idea what our customers are doing with their money or who they're sending it to. Maybe they're sending it to ter…
They are. Should we condone it?
> "Maybe they're sending it to terrorists or drug lords, maybe they're not; it's none of our business and we respect their privacy"
Isn't this similar to the idea of banning web browsers, as they render HTML which, as we all know, can be used to write text (plaintext!) inciting terrorism? And it sometimes is. Are you using a browser right now?
Things we deem "evil" are planned using technology. Should we ban technology?
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Barclays and Natwest in the UK will allow you to send money to anyone with an email address. Can't speak for other banks, though. But all banks will transfer money if you have a recipient account number and sort code.
Barclays and Natwest in the UK will allow you to send money to anyone with an email address. Anyone? Anyone in the UK? Or anyone in the UK with a Barclays or Natwest account? Paypal is still probably the quickest and easiest way to send money to 'anyone' in the world.
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What are the alternatives in Europe that make Paypal not needed? Genuinely curious, not saying you're wrong by any means.
Germany: SEPA direct debit, sofortueberweisung.de, giropay, and if you're willing to put up with PCI compliance bullshit, credit cards. All three are vastly cheaper than PP, too.
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Dropbox has been known to search users' data for files matching md5 sums someone claims they own, such as movies or known illegal photos. http://www.extremetech.com/computing/179495-how-dropbox-know...
There should be a feature in torrent clients which add some random bytes to videos when downloading them without braking the video itself so md5 checks would be useless for illegal content downloads