If you opened your PayPal account before you were 18, close it
1–10 of 396 posts
Re: If you opened your PayPal account before you were 18, close it
#2As someone who has been working online since 16 years old, this worries me.
Re: If you opened your PayPal account before you were 18, close it
#3The day Bitcoin will replace Paypal for online transactions can not come fast enough.
Re: If you opened your PayPal account before you were 18, close it
#4What an epic failure on PayPal's part. Is there some banking law that I'm unaware of that would cause them to take such drastic actions? It sounds like the OP is definitely above the age of 18 now too, so why would PayPal suddenly decide to yank the rug out from under him?
It'll be interesting to see if there's a follow up.
Re: If you opened your PayPal account before you were 18, close it
#5> I’m not really sure what half a year of holding on to my money will help PayPal achieve
It doesn't help them. If it were possible they would complete every transaction with minimal fuss.
The reason transferring money is so difficult is due to governments who wish to prevent capital flight, "laundering", etc. Paypal fought against this intensely early on.
Re: If you opened your PayPal account before you were 18, close it
#6Good enough reason to close my account, thanks for the heads up. Fuck PayPal.
Re: If you opened your PayPal account before you were 18, close it
#7The day Bitcoin will replace Paypal for online transactions can not come fast enough.
As much as I dislike PayPal, I would never want to trade it for Bitcoin. All it takes is one zero-day exploit for all of my funds to disappear at once without a trace. Any purchase I would make has zero protection and zero recourse for recovering funds if I'm ripped off. No, thanks. I just want something like PayPal, but that is run by people who have empathy and care about providing a good experience.
Re: If you opened your PayPal account before you were 18, close it
#8> I’m not really sure what half a year of holding on to my money will help PayPal achieve It doesn't help them. If it were possible they would complete every transaction with minimal fuss. The reason transferring money is so difficult is due to governments who wish to prevent capital flight, "laundering", etc. Paypal fought against this intensely early on.
PayPal does sometimes hold funds for those reasons, but they also hold them for their own, unrelated reasons. Is there something about this case that looks OFAC (or similar) related?
Re: If you opened your PayPal account before you were 18, close it
#9Good enough reason to close my account, thanks for the heads up. Fuck PayPal.
I wanted to end the article with 'Fuck PayPal' but I felt it was implied by that point.
I've spent my entire Saturday so far logging in to things and updating them to use credit cards. Unfortunately there is one thing so far I'm struggling to use without PayPal, but I've contacted them and will hopefully resolve that one.
What's even more annoying is I could use the PayPal account of my other half for now, but she thinks she opened hers around 16/17 too so I'm not taking that risk.
Re: If you opened your PayPal account before you were 18, close it
#10The day Bitcoin will replace Paypal for online transactions can not come fast enough.
As much as I dislike PayPal, I would never want to trade it for Bitcoin. All it takes is one zero-day exploit for all of my funds to disappear at once without a trace. Any purchase I would make has zero protection and zero recourse for recovering funds if I'm ripped off. No, thanks. I just want something like PayPal, but that is run by people who have empathy and care about providing a good experience.
Depends how you store your bitcoin. You can't zero-day exploit a cold wallet.