Paypal is evil, but what are the alternatives? AliPay? WebMoney? Bitcoin??
PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
41–50 of 92 posts
Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#42Earlier quoted context omitted.
FYI, Paypal is declared and regulated as a bank in the EU, declared in Luxembourg. So if something like this happens to you as an european, either sender or receiver, use your rights. > As of July 2007, PayPal provides localized versions of its service to customers in the EU through PayPal (Europe) S.A.R.L. et Cie, SCA., a wholly-owned subsidiary of PayPal that is licensed as a bank in Luxembourg. Whereas: > In the U…
@nolok what is the value of this regulation? Some recent/current examples. 1) During the banking crisis after 2007 EU banks loose 100billions of euro's and the taxpayer mostly payed for their losses. 2) They get 80billon euro's for free every month ( quantitative easing ) from the ECB which goes down the drain, iow into their profit, not into supporting the economy. 3) Up till the Greece crisis, Greece had to pay hig…
[Edit/add]: However, American citizens have often stronger tools available in class action suites. EU countries trust the authorities, and it is then up to officials to control parties like Paypal. Do they do it? It's not necessarily very consistent.
Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#43Why is it, when an established company does something like this, the headline talks about "redirecting contributions", instead of calling it what it is? Why not just say "Paypal Defrauds Donors"?
I remember that several Xorg developers alleged that Paypal robbed Xorg. I think Xorg never got anything back. https://ubuntuforums.org/archive/index.php/t-1417033.html I recall reading a bible quote or might have been another religious book. It said, when a powerless man breaks the law, a crime has been committed, but when a powerful man breaks the law, the law was unclear.
Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#44Earlier quoted context omitted.
FYI, Paypal is declared and regulated as a bank in the EU, declared in Luxembourg. So if something like this happens to you as an european, either sender or receiver, use your rights. > As of July 2007, PayPal provides localized versions of its service to customers in the EU through PayPal (Europe) S.A.R.L. et Cie, SCA., a wholly-owned subsidiary of PayPal that is licensed as a bank in Luxembourg. Whereas: > In the U…
@nolok what is the value of this regulation? Some recent/current examples. 1) During the banking crisis after 2007 EU banks loose 100billions of euro's and the taxpayer mostly payed for their losses. 2) They get 80billon euro's for free every month ( quantitative easing ) from the ECB which goes down the drain, iow into their profit, not into supporting the economy. 3) Up till the Greece crisis, Greece had to pay hig…
This is not how QE works and it is absolutely not free money.
Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#45Paypal is evil, but what are the alternatives? AliPay? WebMoney? Bitcoin??
The good'ol cash or physical check will always work. Don't believe so called the 'new money': you lose all control of your own money and at someone else's mercy.
Cash is headed that way too but it'll take longer.
Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#46So my parents run a non-profit and a recently letter we got from Amazon Smile explains what is happening here. Amazon Smile is a service were you can choose a charity for Amazon to donate to. When you shop at Amazon, a small percentage of that money goes to the selected charity. Recently they got a letter in the mail explaining they had been chosen as recipients of this Amazon Smile money. The thing is, they never ch…
Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#47Why is it, when an established company does something like this, the headline talks about "redirecting contributions", instead of calling it what it is? Why not just say "Paypal Defrauds Donors"?
It's why we don't call murder suspects murderers.
Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#48It looks like that the Humble Bundle is also affected by this. On their webpage, it says "Charitable contributions administered by PayPal Giving Fund" and "PayPal Giving Fund retains ultimate discretion and control over the use of the donations it receives from Humble Bundle." Is there a way to know which charities are registered with Paypal?
Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#49Aside from the contributions themselves, they are seeking $1,500 per occurance in "treble damages" and an unspecified amount for punitive damages.
Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#50Remember when in the aftermath of Katrina, Paypal seized donations fundraised from Something Awful intended for the Red Cross for "fraud" and then refused to release them even when everyone told them they knew full well what was going on? After they got called onto the mat they finally agreed to release the funds but only to one of their own selected list of charities, all of which had vastly greater overhead expense…
PayPal is a nightmarish company. I've lost ~3000 USD to PayPal when I was doing small business back in early 2000s. Their "buyer first" policy had screwed us big time, even though we have provided all the documentation to contest the bogus claims. PayPal froze our money, and terrorized me for a whole year with collections agencies. It was awful. I am out of 3K dollars, and I have stopped using PayPal since.