If you opened your PayPal account before you were 18, close it • Hacker News Board

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

#281

Post by foxylad » Sun, Apr 30, 2017, 1:58 AM UTC

maccard wrote: post #242

greyfox wrote: post #139

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.

New Zealand and Australia here - ditto.

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

#282

Post by _wmd » Sun, Apr 30, 2017, 1:59 AM UTC

patio11 wrote: post #192

qb45 wrote: post #174

Earlier quoted context omitted.

Forget fees, I once tried to buy something in the US from some stranger and he refused to give me his account number and accept a wire even if I paid for everything (and the sum was big enough that PP wouldn't be cheaper). The guy literally thought I want his number for some scam. "Only PayPal, please, it's secure, blah blah blah". Talk about culture shock.

It is useful to know that, in the US, if you have sufficient information to send a payment into an account you also have sufficient information to debit it. Americans are, accordingly, leery about giving out account numbers. Americans are not historically leery about giving out checks but, fun fact, we put all the information needed to empty an account on every check. Why? Long story; legacy systems rule the world. T…

The same is true in the UK, a direct debit instruction can be setup on an account using just the name, number and sort code, but it doesn't make us more wary, much in the same way that supplying one's home address is enough to take out lines of credit in that person's name

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

#283

Post by DSingularity » Sun, Apr 30, 2017, 2:00 AM UTC

Why does anybody use paypal anymore? Go buy litecoin or ethereum. You can then send anybody anywhere money in an instant. If you afraid of volatility not going your way, buy bitcoin -- its more stable.

Sure, cryptocurrency is not stable in value yet... but its getting better -- fast.

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

#284

Post by AdamJacobMuller » Sun, Apr 30, 2017, 2:06 AM UTC

napsterbr wrote: post #186

AdamJacobMuller wrote: post #132

> will now just have to move to my credit cards directly One of the reasons I like paypal is that it provides a great amount of control over who I pay and when and how much. I can login and reasonably easy see all of my MRC subscriptions, and cancel them as appropriate. Technically possible with credit cards directly, but not as nice. Best of both worlds right now is privacy.com for me, they generate credit card #s o…

Privacy.com does not load. After a quick search, I think you meant abine.com? Thanks for sharing, anyway. I'll definitely give a try on their service. Hope it works for non-US cards too, but I find it unlikely. But $3 per month for virtual cards seems too good to be true. I'll take a closer read on the tos once I get to a desktop (unrelated, but am I the only one who can't stand to do a thing on mobile devices?)

Nope, definitely meant https://privacy.com/, not sure why it doesn't load for you.

Privacy is free, I assumed they were getting a small % back from their card issuer to cover costs.

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

#285

Post by robryan » Sun, Apr 30, 2017, 2:07 AM UTC

jliptzin wrote: post #27

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.

Unfortunately as an ecommerce site you probably lose some portion of sales by not offering it.

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

#286

Post by EduardoBautista » Sun, Apr 30, 2017, 2:09 AM UTC

DSingularity wrote: post #283

Why does anybody use paypal anymore? Go buy litecoin or ethereum. You can then send anybody anywhere money in an instant. If you afraid of volatility not going your way, buy bitcoin -- its more stable. Sure, cryptocurrency is not stable in value yet... but its getting better -- fast.

Bitcoin is stable? Compared to what? Venezuelan bolívares and Zimbabwean dollars?

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

#287

Post by digitalzombie » Sun, Apr 30, 2017, 2:12 AM UTC

Or... Don't use Paypal.

They stopped "doing business" with me out of the blue.

I call them up and asked why and they said I need a subpoena to get the reason.

I call them back saying I have a retainer so what do I do to get the reason with my retainer on hand?

Seeing I was serious, the operator told me the reason as if he's letting me on a secret. The reason being I'm associated to somebody that owe them money.

Yeah seriously. Their reason for not doing business with me was that I know somebody that owe them money but they won't tell me who.

I asked if they can remove all my info. The dude told me it's secured because paypal use SSL. I wanted to to tell him that SSL is for connection encryption not data encryption but at this point I'm done with this bullshit ordeal.

2 months later paypal got hacked.

I only use paypal to buy chinese clothing over ebay since I'm a small guy and it's hard to get clothing in USA with my size.

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

#288

Post by chrischen » Sun, Apr 30, 2017, 2:13 AM UTC

DSingularity wrote: post #283

Why does anybody use paypal anymore? Go buy litecoin or ethereum. You can then send anybody anywhere money in an instant. If you afraid of volatility not going your way, buy bitcoin -- its more stable. Sure, cryptocurrency is not stable in value yet... but its getting better -- fast.

The reality is as PayPal is one of the oldest payment companies, their vast feature coverage covers so much more use cases. It probably has the most extensive international support out of any payment processor, it can be used for programmatic payouts and handles 1099 forms or other tax forms by default.

It also means they have a lot of legacy APIs, complicated overlapping features. However one thing they should be fixing, but they aren't, is their terrible customer service. Their product should work for all their customers, and if it doesn't, they should be bearing the cost of making it work with decent customer service.

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

#289

Post by tluyben2 » Sun, Apr 30, 2017, 2:16 AM UTC

lwhalen wrote: post #263

nnd wrote: post #259

Earlier quoted context omitted.

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.

What kind of clients are those? Just curious as I cannot see fortune 1000 generally even considering such a thing.

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

#290

Post by foxylad » Sun, Apr 30, 2017, 2:20 AM UTC

intopieces wrote: post #262

briholt wrote: post #103

Earlier quoted context omitted.

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.

Checks?!

We do business in several countries, and the US is the most backward - by far - for banking services. It's laughable that using a bit of posted paper (even if conveniently generated and sent by your bank) is even an option, let alone the recommended one.