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We got banned from PayPal after 12 years of business

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Re: We got banned from PayPal after 12 years of business

#151

Post by freddie_mercury »

brakmic wrote: post #109
freddie_mercury wrote: post #94

Earlier quoted context omitted.

Sure they can. Accepting Bitcoin for payments is illegal where I live. It is enforced by fines and jail time, just like all other laws.

Which country? Nobody can _stop_ you from accepting cryptocurrency.

Just like nobody can _stop_ you from murdering another person or demanding a bribe or any number of terrible things.

I don't understand the point of your vehement sophistry. Everyone understands how societies work. There are laws. People get punished after the fact for transgressing them. Cryptocurrency is not somehow magically exempt from that reality.

Re: We got banned from PayPal after 12 years of business

#152

Post by luckylion »

ru999gol wrote: post #119
55555 wrote: post #35

Earlier quoted context omitted.

> And yes, their decision is always final. Perhaps their decision to close your account is always final, but don't lose all hope after having your funds frozen. I had 25-100k frozen (can't remember how much), and picked up the phone and called them and it was unfrozen within 48 hours. Paypal is god-awful though and should be used as little as possible.

There are lots of horror stories about Paypal, but there is an obvious problem, nobody is going out of their way to write a blog post about how Paypal always worked for them. You can find pretty much the same horror stories about any Bank or credit card company.

> You can find pretty much the same horror stories about any Bank or credit card company.

I don't know if you can in the US, but not in my country. A bank working like paypal would be in trouble, and quickly. Closing accounts without prior notice? Deciding unilaterally to freeze assets? A bank can't do that unless ordered by a judge. If they would, they'll be on the receiving end of a court order and will get a call from the regulator's office that they really don't like to hear from.

Paypal is shady, and there's a reason they run their operation from Luxembourg, one of the top places to do shady financial business in Europe.

Re: We got banned from PayPal after 12 years of business

#153

Post by razakel »

HenryBemis wrote: post #117

Literally NO ONE wrote the below: Every Friday go online and withdraw all-but-the-necessary £€$$ to your bank account (transfer wire or via card number). I do get some revenue via PayPal, and the very same day (or the next) I 'download' comes it to my bank account (connected to PayPal via card) and IMMEDIATELY is shipped to another account that has all the controls to make money (relatively) unmovable. I perceive Pay…

>Every Friday go online and withdraw all-but-the-necessary £€$$ to your bank account (transfer wire or via card number). I do get some revenue via PayPal, and the very same day (or the next) I 'download' comes it to my bank account (connected to PayPal via card) and IMMEDIATELY is shipped to another account that has all the controls to make money (relatively) unmovable.

PayPal does have a feature they don't advertise named Auto Sweep, which withdraws any balance in your account each day. You need to contact support to enable it.

Re: We got banned from PayPal after 12 years of business

#154

Post by oarsinsync »

linuxftw wrote: post #137
raverbashing wrote: post #63

Earlier quoted context omitted.

> Uber charged $1500 to my debut card a few months ago. There's literally nobody you can call about it. Your bank. You call your bank.

Yeah, you don't call Uber in this case. You immediately call the card issuer and report fraud. In the case of debit charges, reacting quickly is absolutely key. Always pay with a credit card, it's much easier to reverse this kind of stuff versus a debit card. There is literally no good reason to ever use a debit card.

> There is literally no good reason to ever use a debit card

Unless you're trying to get out cash from an ATM, or make any other cash-advance-like purchase. Then there's a really good reason to use a debit card instead of a credit card. It's the only time I use my debit card.

Re: We got banned from PayPal after 12 years of business

#155

Post by Communitivity »

Others have said it, but it bears repeating. If you build on someone else's platform for free, or cheaply, you are the product not the customer. At best, you are both product and a minor customer.

Paypal has a history of doing this sort of thing. I've seen articles about it with Google services as well.

This is one of the many reasons why I suggest using open standards. You could accept bitcoin or eth for payment, but that is possibly too impractical for some customer bases. There are alternative payment gateways to Paypal, but many of them have allegedly done similar things, including Stripe.

Here is an article with advice on selecting a payment gateway for your startup, from the folks at Chargify.

Re: We got banned from PayPal after 12 years of business

#156

Post by tluyben2 »

chmod775 wrote: post #4

I've been preaching this since forever. Don't rely on PayPal. They're less professional than a kid selling juice next to the road. There are no grace periods with PayPal to give you time to move to another service. There is never more than a generic reason and stonewalling when they terminate you. And yes, their decision is always final. They'll happily terminate your only source of income on a friday afternoon, free…

Agree with this 100%. It's nice for consumers who want to screw merchants (sure, I assume there are some legitimate charge backs as well), but for merchants it's hell on earth unless your business is a bit a of hobby thing and you don't care if you lose whatever is in PP + PP access itself overnight without any reason.

Re: We got banned from PayPal after 12 years of business

#157

Post by nothrabannosir »

isoos wrote: post #76
Nextgrid wrote: post #65

Earlier quoted context omitted.

I’m always surprised as to why people are concerned about card details misuse. You are not responsible for card-not-present fraud (without 3D Secure). You can dispute any fraudulent charge with your bank, and I’d bet good money the bank has actually better customer service in that regard compared to PayPal.

Non-US credit or debit card owners are not in that good position wrt. disputes and getting their money back. Most of them charge for disabling the card and sending a new one. Dispute last for months, and are not automatically protecting the customer.

This is the first time I hear about this for UK. The chargeback rules are set by the network , i.e. MasterCard, Visa (sure Amex as well but they are both issuer , acquirer and network so that’s perhaps an unfair example). Is there a different rule set for MC USA vs MC rest of the world?

I worked for a fraud detection company in the UK that existed precisely because chargebacks work so well, here. So this is definitely news to me.

Re: We got banned from PayPal after 12 years of business

#158

Post by gumby »

vntok wrote: post #134
jdironman wrote: post #115

Earlier quoted context omitted.

Right, if someone says alright, put your money in this box. But then they take the box and close it and say no, you can't open it, Sorry. What does that sound more like? Frozen, or stolen?

Frozen, as long as they don't take the money either.

So if a crook steals your money and buries it in the back yard instead of spending it it's not theft?

Re: We got banned from PayPal after 12 years of business

#159

Post by jayalpha »

Nextgrid wrote: post #65
jpalomaki wrote: post #58

For me as a customer, having PayPal as payment option increases the propability of purchase. Especially with one-time purchases from small vendors. Reasons: No risk of credit card info misuse (by vendor), I only need username and password and I get certainly at least some kind of receipt for accounting.

I’m always surprised as to why people are concerned about card details misuse. You are not responsible for card-not-present fraud (without 3D Secure). You can dispute any fraudulent charge with your bank, and I’d bet good money the bank has actually better customer service in that regard compared to PayPal.

"I’m always surprised as to why people are concerned about card details misuse. You are not responsible for card-not-present fraud (without 3D Secure). "

I am not surprised. You have obviously never stood in Ethiopia or wherever and have gotten a call from your bank: " This is the fraud department, unfortunately we have to block your card but we send you a new one".

Trick question: How many CC do you carry at a given time?

Hint: based from experience it should be at LEAST 3.

Re: We got banned from PayPal after 12 years of business

#160

Post by razakel »

uberswe wrote: post #122
testvox wrote: post #97

Earlier quoted context omitted.

https://privacy.com/

Interesting, is there any alternative for the EU market?

>Interesting, is there any alternative for the EU market?

Have a look at Revolut (however, you need a monthly subscription to use disposable virtual cards).

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