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“PayPal has demanded that we monitor data traffic as well as customers’ files”

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Re: “PayPal has demanded that we monitor data traffic as well as customers’ files”

#121

Post by raverbashing »

pantalaimon wrote: post #109
raverbashing wrote: post #81

Earlier quoted context omitted.

You want to pay someone they give you their IBAN and BIK numbers, and you can send them money using this (transfers are usually free or very cheap) No need for handwritten pieces of paper

You still usually need a TAN that's either on a piece of paper at home or generated by a special device (and with Smartphones, I don't really trust mTAN), with PayPal you only need a password. So yes, it's less secure, but more convenient. Merchants also seem to prefer PayPal because it gives them an instant payment confirmation.

You're talking about Germany right?

Was never asked for this in Ireland, though they use an electronic token (because paper is outdated) if the transaction is outside of Ireland

Re: “PayPal has demanded that we monitor data traffic as well as customers’ files”

#122

Post by leommoore »

What is the most disappointing is PayPal's lack of Customer Service. Why would any vendor want to use their services when they are so badly treated? It also throws into question the data security of other vendors's cloud storage. Is everyone looking at my stuff?!?

Re: “PayPal has demanded that we monitor data traffic as well as customers’ files”

#123

Post by chinathrow »

Draiken wrote: post #118

I'm once again astonished with how much control of our businesses is simply out of our hands. When looking at practices these financial institutions use it makes me wonder what can't they do? Everyone cites "regulations", but as far as I understand, they make the regulations. Directly or indirectly. Take for example the known cases where PayPal freezes accounts holding people's money. If I take someone else's money a…

Essentially, it goes way further than what these financial institutions can do. It goes directly to what the U.S. fed can do - the clearing house for the USD. It can cut off any bank for misconduct/doing business with e.g. Cuba etc.

Re: “PayPal has demanded that we monitor data traffic as well as customers’ files”

#124

Post by _up »

lorenzhs wrote: post #88
mschuster91 wrote: post #33

Earlier quoted context omitted.

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.

I still find the idea behind sofortüberweisung shady. Maybe they're actually the nicest people in the world with the best security practices known to humanity, but I still won't hand them the login credentials to my online banking or my card's PIN.

They actually admitted (2011) that they scrape the last 30 days of transfers of your banking account. German Source: http://www.golem.de/1105/83811.html

Re: “PayPal has demanded that we monitor data traffic as well as customers’ files”

#126

Post by esquivalience »

therealmarv wrote: post #87
cm2187 wrote: post #56

Earlier quoted context omitted.

Welcome to the world of financial regulations! You may have not realised but banks and any financial institutions have been deputised by the regulators to be the financial police. They need to ensure that none of their client use financial services to commit crimes or launder the proceeds of a crime, under the penalty of heavy (up to multi billions) fines. Particularly in the US. I am pretty sure this is what is forc…

yeah. USA. But this is Germany and EU and you violate either PayPal terms or the laws of the country.

The same position is true for UK and EU as for USA: a firm handling money can't accept it unless they've done anti-money laundering checks. This includes e.g. identity checking, and checking both sender and sometimes also recipient for criminal associations.

Re: “PayPal has demanded that we monitor data traffic as well as customers’ files”

#127

Post by Hondor »

kennydude wrote: post #69
Hondor wrote: post #36

Earlier quoted context omitted.

Can you give some examples? I know in America there are lots of startups doing it, but what about the rest of the world? I looked into Skrill a few years ago which seems to be just as international as Paypal, but also with just as horrible terms and conditions.

Stripe seem pretty decent

This is one of the not-very-international startups. Only available for merchants in 2 or 3 countries last I checked. I don't think small companies can do true international payment processing because of the labor needed to handle all the red tape in every country they go into.

Edit: I see they're already grown a lot and are even starting to try unlikely countries like Brazil and New Zealand.

Re: “PayPal has demanded that we monitor data traffic as well as customers’ files”

#128

Post by RubyPinch »

mattmanser wrote: post #50
malinens wrote: post #19

Earlier quoted context omitted.

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

That would making seeding it impossible though as you wouldn't be able to verify the chunk is what you claim it is and eventually lead to the whole video being corrupt.

as long as the torrent client knows how to reverse the changes it made to the file (why wouldn't it?) then there won't be any problem.

Its just a really really simple form of "encryption", which most torrent clients do support

Re: “PayPal has demanded that we monitor data traffic as well as customers’ files”

#129

Post by VMG »

malinens wrote: post #19
draugadrotten wrote: post #9

Earlier quoted context omitted.

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

They'd use some other method of fingerprinting then. It'd be an interesting arms race.

Re: “PayPal has demanded that we monitor data traffic as well as customers’ files”

#130

Post by thirdsun »

raverbashing wrote: post #24

Paypal only exists because the current infrastructure of payments in the US is a joke Nobody needs paypal in Europe. Of course, they try to sell themselves as "the easiest way" (which is right to a point) but it's mostly unneeded

As a german that's not my experience at all. Credit cards aren't that common here and SEPA transfers are slow as hell and always a minor hassle, that I tend to avoid as long as I can.

Without Paypal a lot of european customers wouldn't be able to buy from international vendors.

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