LPT: Always withdraw your money from PayPal. If PayPal refunds your customer and your balance goes to negative, no worries because the collection PayPal sends you to is not connected to your social.
We got banned from PayPal after 12 years of business
231–240 of 536 posts
Re: We got banned from PayPal after 12 years of business
#232Literally 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…
How does that protect against them erroneously withdrawing large sums from your account and hitting you with overdraft or repeated NSF fees?
Yea I was wondering this too. In the case of something like an eBay transaction, can't PayPal pull the funds from your bank to appease a buyer?
Re: We got banned from PayPal after 12 years of business
#233I'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…
> 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.
I think you got really lucky. The majority of people would probably need to contact a lawyer.
Re: We got banned from PayPal after 12 years of business
#234Earlier 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.
"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…
Not sure if it would have helped in your case, but when I was going to China for 2 months, I called the bank beforehand and let them know that I'll be in China, and asked to ensure the card would work there.
Re: We got banned from PayPal after 12 years of business
#235Earlier quoted context omitted.
>If they really want to know the answer, they could do an A/B test with missing PayPal and see how many people drop out without it. I've done these tests, repeatedly; removing the PayPal payments option consistently leads to a statistically significant increase in cart abandonment. Some customers strongly prefer PayPal (especially on unfamiliar sites) and some don't have a credit card.
> and some don't have a credit card If your customers are from Europe, it's not some , but most customers that don't have a credit card. Credit cards are uncommon here (probably hard to imagine if you are from USA). Online payments are a fragmented mess in Europe. Most countries have their own preferred online payment method (like iDEAL or bancontact), Paypal is basically the only reliable method that works everywher…
... But they have a debit card that work on the internet (and probably with mandatory 3D secure to boot). 90% of users in France are like that.
Paypal is because it's safe. I don't give that website I don't know anything, I give paypal a send order. Vastly different; I know paypal, I know they don't screw with the buyer in case an issue happen, and I know they're a bank here and can't drain my funds.
I hate them when I'm the seller, but my personnal experience with them as a buyer makes it clear as day why I need to deal with them.
Re: We got banned from PayPal after 12 years of business
#236For 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.
As a business, PayPal can be helpful that way too. But the point is, it shouldn't be the ONLY processor. Credit card input, via another processor, should always be an option.
Re: We got banned from PayPal after 12 years of business
#237Earlier 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.
>There is literally no good reason to ever use a debit card. A good reason would be if you don't have credit cards because you have serious problems controlling your spending and you're at a place where you can't pay with cash, such as an unmanned gas station, payment terminal, on a plane, a cash-less business, etc. I agree with the overall point, either use cash or use credit. Debit only if cash and credit aren't av…
Someone should come up with a credit card that has a dynamic hard limit connected to a checking account balance. Paid daily, too, so the checking balance is almost always caught up. Seems like it would meet the needs of those people while letting them benefit from protections, rewards, etc.
Any reason this couldn't work? Does it exist already?
Re: We got banned from PayPal after 12 years of business
#238Literally 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…
How does that protect against them erroneously withdrawing large sums from your account and hitting you with overdraft or repeated NSF fees?
Have a decent bank on the other end that doesn't charge erroneous overdraft and NSF fees?
Re: We got banned from PayPal after 12 years of business
#239Earlier 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.
Can you call them for me? They still have $10k frozen and been so for the last 16 months
If it’s that much, I’d recommend a lawyer
Re: We got banned from PayPal after 12 years of business
#240What's the best alternative to Paypal today?