Snarkly I will mention that this is the same company that 'HN darling' Elon Musk was part of prior to his current life. Everything that everyone hates about paypal existed back then.
If you opened your PayPal account before you were 18, close it
71–80 of 396 posts
Re: If you opened your PayPal account before you were 18, close it
#72I've completely blocked PayPal out of my life. I've been screwed over by them so many ways over the past 15 years it's impossible to count. I refuse to do any business which requires their services.
Re: If you opened your PayPal account before you were 18, close it
#73Earlier quoted context omitted.
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.
It's not as easy as you think to just have bitcoins stolen from you, especially if you know what you're doing. You're more likely to just forget your password or something. And as for zero purchase protection, you can use escrow services for significant purchases.
> And as for zero purchase protection, you can use escrow services for significant purchases.
And that gets us back to paypal (which started up as an escrow for ebay afterall) or some equivalent. Bitcoin offers no help here.
Re: If you opened your PayPal account before you were 18, close it
#74The day Bitcoin will replace Paypal for online transactions can not come fast enough.
They closed my account (Ireland) in 2011, many phonecalls emails later they won't tell me why, I looked around back then and discovered bitcoin @4$, in hindsight my little bitcoin pile and PayPal induced curiosity was a positive, portion of the coins I haven't spent by now are worth into 6 figures now, so thank you shitpal
I might one day soon lodge complaint with data ombudsman if PayPal refuse to handover data stored on me
Re: If you opened your PayPal account before you were 18, close it
#75Interestingly, this article just tanked from 6th to 38th according to hnrankings.info, maybe I've found a conspiracy for my next Medium article.
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Re: If you opened your PayPal account before you were 18, close it
#76What 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.
I'm 26 now, almost 27. I think it was the "We'll contact you within 180 days" thing that pissed me off the most, because it's just such a crap, random number that I likely agreed to in their ToS. As a partial update, after spending 30 minutes clicking every page of the dashboard, it was obvious that money was stuck, and my friend couldn't dispute it as it was sent as a gift, as it wasn't payment for work. Luckily, if…
> I likely agreed to in their ToS
If they're saying you can't agree to the ToS when you're under 18, should they be able to hold on to the monies for 180 days because that's what the ToS said when you agreed to them?
Re: If you opened your PayPal account before you were 18, close it
#77Re: If you opened your PayPal account before you were 18, close it
#78Is there a bitcoin solution that looks like this without having either party directly deal with bitcoin?:
currency in bank account of person 1 --> bitcoin --> currency in bank account of person 2
or
credit card of person 1 --> bitcoin --> currency in bank account of person 2
Re: If you opened your PayPal account before you were 18, close it
#79> There are alternatives to PayPal, it’s just become so ingrained in to online life that it can be easy to forget that. This is very true, but I like to think of how predominant MySpace and Hotmail were at one time. Someone will come along and do it better. Stripe, PaymentSpring, heck even Bitcoin are all potential disruptors here. I think the days of PayPal's dominance are numbered.
100% agree. For Americans I don't find a reason to use PayPal and for other countries they can use Bitcoin or other cryptocurrencies without dealing with the risk of freezing your account.
Indeed, I found PayPal simple to use as a merchant outside USA but now there are more alternatives.
Re: If you opened your PayPal account before you were 18, close it
#80I only ever use Paypal as a wrapper around credit card transactions for merchants I trust enough to purchase from, but not necessarily enough to handle my credit card information directly. I can't say I've ever had a problem using them that way.