Here's three rules someone once gave me which I can't emphasize strongly enough. 1. Never use Paypal. For ANY reason. 2. Never. Use. Paypal. For. Any. Reason. 3. See rule #1.
What's the alternative?
For international transfers, I use Transferwise.
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
#92As someone who uses PayPal on a multiple times per week basis and who has never had any issues, this type of story (as well as the general sentiments of many of the comments) makes me worry that my time will come soon enough.
Can anyone recommend a service like PayPal that would be good for online transactions between individuals, but that also allows for credit card use? Fees are to be expected, it's just that I have t been able to find another service that will allow CC. I'm really hopeful that Google wallet will begin to allow CC use sometime soon.
Re: If you opened your PayPal account before you were 18, close it
#93When did they add the 18 thing? Mine's fine and I've had it open since 2000, when they barely had a website, let alone a good EULA.
Re: If you opened your PayPal account before you were 18, close it
#94As someone who uses PayPal on a multiple times per week basis and who has never had any issues, this type of story (as well as the general sentiments of many of the comments) makes me worry that my time will come soon enough. Can anyone recommend a service like PayPal that would be good for online transactions between individuals, but that also allows for credit card use? Fees are to be expected, it's just that I hav…
Venmo ... Oh that's PayPal too.
I'm not a fan, but maybe Bitcoin? What about mailed checks, as a backup?
Re: If you opened your PayPal account before you were 18, close it
#95Earlier quoted context omitted.
I would be tempted to have my friend now send some small amount and then take PayPal to whatever the UK equivalent of small claims court is. PayPal would then have to spend money and time to deal with you. The beauty there is you don't have to win, to win. A £5 dispute costs them more than you, when you get to control the venue.
I did think about contacting the financial ombudsman or similar to recoup the fees or something, but I thought hopefully an article that gets a few thousand readers might do more financial damage than a hushed away small claims court ruling.
Contact the FCA in any case, I used to work for a bank and believe they charge the organisation per complaint whether upheld or not so can cost them time and money.
Edited to correct to FCA - https://www.fca.org.uk/
Re: If you opened your PayPal account before you were 18, close it
#96Earlier quoted context omitted.
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.
IIRC Armory provides a user interface for doing this. Still, that's probably too paranoid for most typical transactions.
Re: If you opened your PayPal account before you were 18, close it
#97Had the same issue last month after reciving a $3000 bug bounty. PP limited my account I uploaded a copy of my id, bing -> banned. However: After calling them, they told me to create a new account and verify it with the CC and bankaccount (that were in old acc). And as soon everything was verified they trasfered the money to the new account. So apparently it seems not to be that difficult to get your money.
Which number did you call?
I'm trying to get $1,500 out of PayPal and I haven't found a way to talk to somebody at PayPal who was able/willing to help me with that (account got blocked, I uploaded all the paperwork, got told that they will hold the money for 180 days but that was more than 1 year ago).
Re: If you opened your PayPal account before you were 18, close it
#98So 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).
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Re: If you opened your PayPal account before you were 18, close it
#99You regularly transfer money with this guy but you're both happy eating transfer fees every time?!
Seriously? Wtaf? BACS and Faster Payments (through your banks) are free. You're literally pelting the Devil with your money for getting in the way.