Look at opening a Monzo account, lets you have a monzo.me link to get paid in the UK. Shame we don't have anything like Square Cash :(
I have a Golden Ticket if you'd like it.
If you opened your PayPal account before you were 18, close it
81–90 of 396 posts
Re: If you opened your PayPal account before you were 18, close it
#82What 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.
Not sure about UK laws, but my (limited) understanding of US law is that a minor lacks the legal capacity to sign a contract (i.e. agree to TOS). I suspect that's the legal reasoning that's caused PayPal to adopt this policy. PayPal could and should find a better way to handle transitioning people who, out of necessity, lied about their age when they first signed up. Was signing up under false pretenses a form of fra…
True, but in some areas and under many circumstances, 17 can be considered an adult. It's not like the OP was 12 and trying to circumvent COPPA or something like that.
It seems like PayPal went bananas applying a peculiar policy. They want to be a bank, but you can be 12 and still have a bank account.
Perhaps PayPal should/could just ask the OP to get a signed permission slip from the parents to cover this. :-)
Re: If you opened your PayPal account before you were 18, close it
#83Is 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
That sounds like a scenario that only gets the downsides of bitcoin and no benefits.
Re: If you opened your PayPal account before you were 18, close it
#84Is 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
So what is "-->"? It would have to be a company of some kind. You would actually be doing
person1 --> company --> bitcoin --> company --> person2
At that point, you may as well cut out the middle man:
person1 --> company --> person2
Re: If you opened your PayPal account before you were 18, close it
#85Re: If you opened your PayPal account before you were 18, close it
#86Is 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
So what is "-->"? It would have to be a company of some kind. You would actually be doing person1 --> company --> bitcoin --> company --> person2 At that point, you may as well cut out the middle man: person1 --> company --> person2
Right. The company would take the place of paypal and users would be aware that their transactions are being executed via an instantaneous bitcoin purchase and sale.
Re: If you opened your PayPal account before you were 18, close it
#87So in this case where a friend's deposit is being held for ransom, could that friend simply chargeback or file a fraud claim against PayPal? After all, PayPal has stolen their money which was intended for another person (the author in this case).
Re: If you opened your PayPal account before you were 18, close it
#88Is 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
That sounds like a scenario that only gets the downsides of bitcoin and no benefits.
Why is that? The risks of holding bitcoin would be avoided.
Re: If you opened your PayPal account before you were 18, close it
#89Re: If you opened your PayPal account before you were 18, close it
#90Is there a list of good PayPal alternatives besides Stripe? Bonus points for companies that work outside of the USA.
Curious: What's the issue with Stripe? Also, in Europe you can look into GoCardless.