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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

#251
post #48

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?

If you want total control of your funds - Bitcoin. No TOS, no age check, no account freezing, no corporation behind it.

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

#253
post #248

Earlier quoted context omitted.

Doesn't matter. That clause is invalid in most countries.

That may well be the case but forced arbitration clauses are legal in the US. There have been several recent Supreme Court cases that upheld mandatory arbitration clauses. Here are some citations: "American Express Co., et al. v. Italian Colors Restaurant." Oyez, https://www.oyez.org/cases/2012/12-133 . Accessed 29 Apr. 2017. "AT&T Mobility LLC v. Concepcion." Oyez, https://www.oyez.org/cases/2010/09-893 . Accessed 2…

IIUC, those are cases of companies who put arbitration into a contract. That's a bit different then an average Joe hitting "ok" to an email that says the ToS of a website has changed. Arbitration can work for businesses which can negotiate and review contracts they agree too. No one reads or negotiates EULAs.

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

#254
post #80

I 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.

Why do you care? It's easy to dispute credit card charges. Most banks will overnight you a new card if needed.

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

#255
While it’s good that the author got their money back at least, if it was invalid for the author to have an account for 10 years it was also presumably invalid for PayPal to take any transaction fees during that period. Might be an interesting avenue for small claims.

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

#256
post #117

Earlier quoted context omitted.

> something sane like a bank transfer FTFY. Zero fees, zero megacorps taking their cut, zero social graphs in the US growing a few extra tuples

in the US wire transfers cost about $30 per transfer, international cost about $50. If you're transferring to another customer in the same bank then they're free but I've never had that luxury. Were you referring to bank transfers to same bank customers? Because I've never heard of zero fees for bank transfers

What's the reason to use a wire transfer compared to ACH?

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

#257

Earlier quoted context omitted.

in the US wire transfers cost about $30 per transfer, international cost about $50. If you're transferring to another customer in the same bank then they're free but I've never had that luxury. Were you referring to bank transfers to same bank customers? Because I've never heard of zero fees for bank transfers

Uk here - I can transfer amounts under 10k in under 2 hours without any fee, to any other uk bank. If I want to send more, it's about 20 pounds, and completed in a day. I can TransferWise money anywhere in Europe (not tested the US) for far less than those prices too.

Netherlands here. Same thing. Free.

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

#258
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.

What are some viable alternatives?

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

#259
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.

It's a major problem how dependent most online payment processing is on PayPal (or directly credit cards if you're "lucky", and occasionally Amazon's payment processing). Aside from Bitcoin is there actually a real alternative?

How's Bitcoin an alternative?

It would be very tricky to convince a business to pay your invoice in Bitcoin.

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

#260
post #124

Earlier quoted context omitted.

1. Banking industry has some legal requirements. More than Facebook does, for sure. 2. I If you want my purchase history, you can subpoena a bank for it. Whereas I wouldn't be surprised with "App Permissions" to allow to view 'previous purchases'. 90% of people wouldn't know/care. 3. I don't want, nor need every account under the sun hooked up to a SPOF. In this case, it's Fb. That also applies to Google as well. 4.…

What are you even talking about?

Do you actually have real questions about the words I typed, or are you just trying to shame me into something?

Because, reading comprehension is fundamental. You might want to watch a Youtube video about it....

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