Ah PayPal, all the power of a bank, none of responsibility.
If you opened your PayPal account before you were 18, close it
261–270 of 396 posts
Re: If you opened your PayPal account before you were 18, close it
#262Just 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.
Seconded. Paypal froze my account with $2K for no apparent reason. They did not reply to numerous emails. Their "upload documents to verify your identity" form literally did not work. They've deliberately made it easy to get your money frozen and deliberately made it difficult to rescue it. At every opportunity I insist to people not to use Paypal and I will use any alternative - including snail mailing checks - when…
Simple Bank, in addition to having instant transfer to other Simple members, also mails checks to people. Haven't done it yet, but seems handy.
Re: If you opened your PayPal account before you were 18, close it
#263Earlier quoted context omitted.
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.
What are you talking about? 10% of my clientele pay in bitcoin. Source: independent sysadmin/automation/'devops' consultant.
Re: If you opened your PayPal account before you were 18, close it
#264Earlier quoted context omitted.
What's the alternative?
Square Cash is absolutely fantastic, and extraordinarily easy to use. The mobile app is great. You can even send money to someone who doesn't even have a Square Cash account yet, by simply emailing them, cc'ing cash@square.com, and putting the dollar amount in the Subject: line. That's it. You can't beat it.
Square is just as bad as PayPal, IME. Lots of arbitrary rules, clients unable to pay me, funds withheld for no good reason, etc. I'll stick with bank transfers (ACH) or Bitcoin, personally.
Re: If you opened your PayPal account before you were 18, close it
#265Earlier quoted context omitted.
Facebook is an ad company. Credit card companies collect and sell purchase history. Giving them your cc number explicitly links your purchase history to your facebook account. Realistically they've probably already made the jump using your name and DOB, but at least they had to work for it...
Credit card companies sell data in aggregate. They don't sell your specific card history.
If you're paying for things through Facebook they don't need to contact your credit card company to get a list of payments they've facilitated, for obvious reasons.
Given that the best minds of this generation are working on making advertising more efficient, would it be surprising that such information would help Facebook?
Re: If you opened your PayPal account before you were 18, close it
#266If ever there was a single shining example of how not to treat your customers, PayPal is it. Every year or two there is another story of a different arcane rule they have in place that is enforced with zero human consideration, oftentimes to deprive people access to their funds. They don't learn from their mistakes, nor acknowledge them in the first place. I can't think of another company that has drummed up such bad…
Learn from their mistakes? I think the biggest lesson has been that you can scam a small percentage of users out of their money, without any real impact. There's been so many stories about paypal stealing people's money, but their core business is still going strong.
The hilarious part of it all is that we're supposed to put them up as a payment option because users "trust them."
Easily the service I hold the most disdain for on the 'net.
Re: If you opened your PayPal account before you were 18, close it
#267While 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.
While it’s good that the author got their money back at least
Did you miss the following? It was toward the bottom, but it was in BOLD:
My only hope is that within 6 months, I will get a mystery email from PayPal letting me know that they might be willing to let me have my money.
Or is the submitter also the author? In which case, yes, he does post elsewhere here that he reversed the payment into his account. (Less fees, of course!) If so, it's unfortunate he didn't update the article itself with this new information.
Re: If you opened your PayPal account before you were 18, close it
#268I signed up for PayPal (and eBay) on my 18th birthday, before I even got dressed and went downstairs to eat breakfast.
I'm still worried that they might want to block me though, because I have more than one account. PayPal accounts must be linked to a bank account in the same country. So I now have different PayPal accounts in the UK, US, New Zealand, Korea, and Taiwan.
Re: If you opened your PayPal account before you were 18, close it
#269Earlier quoted context omitted.
> 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?
Minors can enter contracts, and they are binding upon the minor until and unless the minor voids the contract. As he's no longer a minor, he would not be able to void it now, so he's bound by its terms.
But if Paypal believed that were true then there's no reason for them to close the account and hold the money in the first place. :-)
Re: If you opened your PayPal account before you were 18, close it
#270Earlier quoted context omitted.
Curious: What's the issue with Stripe? Also, in Europe you can look into GoCardless.
Also, in Europe you can just do a SEPA wire transfer. It's free with all reasonable banks, can be done from the online banking interface and takes only one business day.
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