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If you opened your PayPal account before you were 18, close it

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Re: If you opened your PayPal account before you were 18, close it

#21

Post by maxerickson »

p49k wrote: post #13
nicky0 wrote: post #10

Earlier quoted context omitted.

Depends how you store your bitcoin. You can't zero-day exploit a cold wallet.

I don't use bitcoin, so I might be missing something, but don't you have to transfer funds from the cold wallet to your device at some point, and doesn't that mean that any malware waiting on your device could just grab the whole thing at that exact moment? In any case, even if you could secure the wallet, it still doesn't address the fact that once the funds are sent, they're not recoverable; I think it's unreasonab…

It should be possible to generate a transaction on a secure system and only move that to the networked system.

The transaction data would only be useful for the specific transaction, it couldn't be used to move funds to addresses not in the transaction or to move additional funds between the addresses, etc.

It'd be a glorious pain in the ass to do it, but it is possible.

Re: If you opened your PayPal account before you were 18, close it

#23

Post by nicky0 »

p49k wrote: post #13
nicky0 wrote: post #10

Earlier quoted context omitted.

Depends how you store your bitcoin. You can't zero-day exploit a cold wallet.

I don't use bitcoin, so I might be missing something, but don't you have to transfer funds from the cold wallet to your device at some point, and doesn't that mean that any malware waiting on your device could just grab the whole thing at that exact moment? In any case, even if you could secure the wallet, it still doesn't address the fact that once the funds are sent, they're not recoverable; I think it's unreasonab…

You do have to sign a transaction using your private key.

However this signature can occur totally offline in a non-connected device. Only the resulting signature has to be transmitted to the network.

Irrevocability of transfers can be seen as a benefit or a drawback of course.

Re: If you opened your PayPal account before you were 18, close it

#24

Post by iDemonix »

loeg wrote: post #18

Just close your account if you have a PayPal account at all. They limit and freeze funds at random and good luck resolving it. OP, You can refund the funds to the sender less Paypal's 30¢ cut, I believe. That might be the best way to get the money back to your friend, and then they can re-send it to you with something sane like Google Wallet.

Thanks, I managed to do this an hour ago.

It's actually hidden in the new UI, there was no button that would let me do it, I managed to go back to settings and re-enable the classic UI, then in the view transaction details page I found the missing refund button.

Re: If you opened your PayPal account before you were 18, close it

#28

Post by iDemonix »

mxstbr wrote: post #20

This exact same thing happened to me, though I was thankfully allowed to withdraw my money and open a new account with the same bank details. Call your local PayPal support hotline and explain to them what happened, I was immediately escalated to higher level support who had me provide details of why the money was in my account, which they verified and then unlocked the withdrawal and bank accounts. Still had to make…

I was tempted to call, but I just managed to refund the money (sans fees) to my friend and we'll use something else now. I'm not going to call or contact them at all, I'm no longer interested in using their services. I'm just going to unlink my account from everything and spread some well-deserved hate within a useful PSA.

Re: If you opened your PayPal account before you were 18, close it

#29

Post by ben0x539 »

Is there a way to find the precise age of your paypal account retroactively? It says mine was created the year of my 18th birthday, and I'm sure I did it all above-board, but it'd be nice to have it confirmed.

Update: It looks like you can get some day/month number if you check your account limits at https://www.paypal.com/de/cgi-bin/webscr?cmd=_lift-limits if you still have any, and combine them with the year it actually displays in the account settings. Makes me feel better at least.

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