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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

#202
I lost complete trust in PayPal after my account was compromised AFTER i set up two-factor authentication (annoying to this day, they still do not support U2F. I got them to credit me some of the money back, but after cancelling my cards, they refuse to close my account unless I add a new funding source so they can send the money to me. They are too stupid to give me a deadlock letter I can take to the ombudsman. I am left out of pocket because I have no way to get my money back.

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

#203

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…

I find this comment’s format profoundly confusing and have no idea what the intended meaning is. The first sentence is throwing me off so much.

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

#204

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.

OP isn't saying don't use it. Just don't make it your only option for accepting payment.

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

#205

Earlier quoted context omitted.

Why would you want to stay on Uber? So they can charge you $1500 again sometime in the future?

A nice opinion to have while there are other options. Wait until Uber is the only option for a ride across town. Now what?

They're unlikely to become the only option. Maybe other options will be less convenient or more expensive but they'll exist.

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

#206

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…

I find this comment’s format profoundly confusing and have no idea what the intended meaning is. The first sentence is throwing me off so much.

English is likely not their native tongue.

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

#207

Earlier quoted context omitted.

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).

I use Revolut, and it's okay I guess. I dislike it's just a phone app and not a web one.

I also social engineered my way in to my own account via a brand new Twitter account, so ... beware.

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

#208

Earlier quoted context omitted.

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.

Note: in the UK, advise is to avoid using your CC over 25% of your limit. Apparently this might negatively affect your credit score. One source: https://monzo.com/blog/2018/08/08/better-credit-score/ , a bank’s blog, but I’ve seen it in other places. Never from the horse’s mouth, though.

What relevance does your credit score have to day-to-day life in the UK?

As far as I can tell mortgages are dependent on you having OK credit, not good credit. You don't seem to get better rates dependent on your credit score.

Credit card rates are irrelevant, you shouldn't be carrying a balance.

What else do you really need a credit score for?

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

#209

Earlier quoted context omitted.

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.

Can you point me towards examples of a bank (not the government - a bank) confiscating a company’s account balance?

Early in LWN's history our credit card acquirer decided that our transactions were "suspicious". They not only cut us off...they reached into our bank account and pulled back $30,000 from there. That was a lot of money to us back then, and very nearly killed the entire operation.

Ironically, the thing that saved us was that the PayPal revenue stream still worked just fine.

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

#210

Earlier quoted context omitted.

Why would you want to stay on Uber? So they can charge you $1500 again sometime in the future?

A nice opinion to have while there are other options. Wait until Uber is the only option for a ride across town. Now what?

Sign up a new account and catch a ride?
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