Earlier quoted context omitted.
https://privacy.com/
"Pay with Privacy", an interesting slogan to say the least.
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We got banned from PayPal after 12 years of business
301–310 of 536 posts
Re: We got banned from PayPal after 12 years of business
#302Earlier quoted context omitted.
> 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. It's a shame virtual cards never got more traction through the CC industry. For those who aren't familiar, some banks/cards offer you a tool that let's you set an arbitrary spend and expiration date (+2-12 months usually) and then generate a credit card number…
https://privacy.com/
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Re: We got banned from PayPal after 12 years of business
#303paypal has no business in regulating what software their customers are allowed or not allowed to sell. Even if it's spam creation software. If it's not illegal to sell, it should not be blocked by paypal. If the software is spam and is bad for society, let society introduce a law to ban the software, the same way you can't sell drugs using paypal. This moral policing by businesses is bad for society - and lets busine…
Literally 100% of payment processors heavily "regulate" what their customers sell/do and who is profitable to do business with and what clients are profitable to associate with.
For example, if an industry has a humongous chargeback and fraud rate, then they become unprofitable and get dropped. This is why American Express stopped allowing porn (there was news articles about it at the time and they went on record saying massive amounts of chargebacks and fraud from porn sites were solely the reasons). American Express and Visa also don't allow you to use you to use your credit card to pay your mortgage (Mastercard does). I don't know the reasons why, but I'm sure it's not arbitrary.
They also have to conform to laws and regulations. This is an offshore company, PayPal is based in the United States. I don't know if its legal to sell this sort of spamware-as-a-service in the United States, but I think there might be AT LEAST copyright issues content harvesting that they appear to be doing (based on other comments).
These are businesses, not charities.
Re: We got banned from PayPal after 12 years of business
#304paypal has no business in regulating what software their customers are allowed or not allowed to sell. Even if it's spam creation software. If it's not illegal to sell, it should not be blocked by paypal. If the software is spam and is bad for society, let society introduce a law to ban the software, the same way you can't sell drugs using paypal. This moral policing by businesses is bad for society - and lets busine…
PayPal is a private albeit very large entity and they’re within their rights to ban you for looking funny. If that’s harmful to the society, let society introduce a law that prevents them from doing that, like how there’s a ton of regulation around actual banks.
Re: We got banned from PayPal after 12 years of business
#305Earlier quoted context omitted.
> 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. It's a shame virtual cards never got more traction through the CC industry. For those who aren't familiar, some banks/cards offer you a tool that let's you set an arbitrary spend and expiration date (+2-12 months usually) and then generate a credit card number…
https://privacy.com/
Does privacy.com still require users to provide the username and password that they use for their bank account? That's an absolute no-go for me.
Re: We got banned from PayPal after 12 years of business
#306Then if you're an indie musician on Bandcamp they give you no option but to use PayPal however if you're not on Bandcamp nobody is going to buy your music directly from your website anymore and for underground acts Bandcamp is better than Spotify but the whole forced use of PayPal there meant for a decade I couldn't use Bandcamp until I got a new PayPal account after they killed the account I had had for 15 years.
Re: We got banned from PayPal after 12 years of business
#307What's the best alternative to Paypal today?
Stripe? Square?
Re: We got banned from PayPal after 12 years of business
#308Then if you're an indie musician on Bandcamp they give you no option but to use PayPal however if you're not on Bandcamp nobody is going to buy your music directly from your website anymore and for underground acts Bandcamp is better than Spotify but the whole forced use of PayPal there meant for a decade I couldn't use Bandcamp until I got a new PayPal account after they killed the account I had had for 15 years.
Longest sentence ever, upvoted.
Re: We got banned from PayPal after 12 years of business
#309Earlier 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.
> 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…
> 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.
A bank would absolutely be expected to freeze an account if it suspected illegal activity as part of its AML obligations - filing a SAR would come later.
A judge wouldn't be involved until later on in the process to avoid tipping a potential criminal off and allowing them to move the money.
Neither should accounts like this necessarily be taken at face value - trying to apply social pressure through forums and social media is standard social engineering.
Re: We got banned from PayPal after 12 years of business
#310Earlier quoted context omitted.
Hong Kong is part of China and also not part of China. So it makes perfect sense that a Hong Kong company is both Chinese and not Chinese.
The city state has its own currency, monetary policy and legal system, enough for the department of state to treat HK as an independent entity as far as trade is concerned. Given the vast amount of money and good flowing through through HK I find it hard to believe any established payment processor would lack familiarity with the status of Hong Kong. It looks more like a (poorly) made up excuse to ban undesirable use…
I have to agree. With the amount of money involved internationally with HK I highly doubt Paypal would just decide to shut down an account because of that. If that was the really the case there would have been a LOT of other accounts shutdown.
This sounds more like an excuse from Paypal, who I fear talking bad about in case they decide to ban me too :P