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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

#331

Post by astura »

apostacy wrote: post #168
xoa wrote: post #87

Earlier 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…

The reason I don't use virtual credit cards is because they tend to not protect you from first party fraud, only third party fraud. Despite what the banks claim, they usually will NOT prevent recurring payments from being honored. Even if you don't have enough money in your account. (The bank will just collect it from you) I used to use a service called Entropay, which would actually let you pre-pay money into a disp…

>What I want, is to give a merchant a credit card number, pre load that number with $30, have them charge it, and then be completely done with it. This especially makes sense for low stakes low cost recurring monthly payments. I should just be able to stop paying a $5/month fax service that I never use, and have them terminate my service. Banks would never let you do that. Services that used to let you do that have been mostly shut down.

Privacy.com offers this service, but you have to pay from your bank account.

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

#332

Post by everfree »

ghaff wrote: post #121
sincerely wrote: post #72

Earlier quoted context omitted.

You get banned from Uber if you do that, no?

That's the second comment in two days I've seen along the lines of "You can't risk pissing off Uber because they might ban you." What a sad codependent relationship to be [ADDED: or feel you are] so locked into some uncaring tech service that you feel you basically have to just put up with whatever mistreatment they dish out.

Basically the same thing with Google, too.

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

#333

Post by [deleted] »

wccrawford wrote: post #279
Loughla wrote: post #253

Earlier quoted context omitted.

Question about the phrase 'dog whistle headline'. I thought a dog whistle in current popular use was a headline or sentence meant to imply something hidden, usually racist/sexist/other-ist. Like the phrase 'those people' or something like that. How is this headline implying anything other than what it says, or is my interpretation of that phrase wrong?

A real "dog whistle" is used to get the attention of the dogs and tell them to do something. A dog whistle headline would therefore be attempting to round up a bunch of people to fight their fight for them. And had they been doing good, wholesome things at their company instead of creating spam tools, it probably would have worked. Unfortunately for them, people are starting to learn to dig a little deeper before get…

[deleted]

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

#334

Post by BurningFrog »

novaleaf wrote: post #256
dalore wrote: post #225

Earlier quoted context omitted.

Don't keep your money in paypal, withdraw it to your bank account as soon as you can.

to generalize, you shouldn't keep your money in any 3rd party longer than necessary.

Is a bank a 3rd party in this argument?

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

#335

Post by johnnycab »

viraptor wrote: post #116
LeonM wrote: post #98

Earlier quoted context omitted.

> 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…

> If your customers are from Europe This is not a great approximation. In the UK you can assume almost every person has a payment card that works on the internet (debit and/or credit). In Poland on the other hand, the number of systems gets silly ( https://m.lot.com/us/en/payment-methods-on-lotcom )

There are outliers with a strong preference for cash, despite either owning a card and/or having almost no restrictions on acquiring one e.g. Switzerland is neither an EU nor EEA member, but is part of the single market; the Swiss seem to prefer cash over cards primarily for privacy reasons.

http://www.bbc.com/capital/story/20190416-why-the-swiss-stil...

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

#336

Post by kristianc »

luckylion wrote: post #329
kristianc wrote: post #309

Earlier quoted context omitted.

> 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 b…

> 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. And this would take months, and the bank wouldn't be able to respond to inquiries? > 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. Certainly. I…

> And this would take months, and the bank wouldn't be able to respond to inquiries?

Yes. Legally they're not allowed to give any more information other than that the account has been frozen. Money launderers would be quite relaxed if they knew they just had to wait six months and they could take the money out.

> "Being concerned in arrangements which the defendant knows or suspects will facilitate money laundering is also an offence. To put it crudely, if Dave suspects that the money in John's account might be dirty then the Bank cannot allow John to move or access the money and he must file a report to the NCA." [2]

[2] https://www.brettwilson.co.uk/blog/frozen-bank-account-no-ex...

[Example from a bank:] https://www.ft.com/content/96840328-3b6b-11e9-b856-5404d3811...

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

#337

Post by hackermailman »

shams93 wrote: post #306

Then 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.

Most indie acts here sign up with a tiny indie record label who handles the profiles on bandcamp for them and deals with paypal bs. People will still buy vinyl and merch from your own site.

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

#339

Post by CodeWriter23 »

jandrese wrote: post #247
foggyToads wrote: post #166

Earlier quoted context omitted.

How does that protect against them erroneously withdrawing large sums from your account and hitting you with overdraft or repeated NSF fees?

It stops them from freezing the account on Paypal. If you really want to insulate from the service you would set up a similar job at your bank that would immediately transfer the funds out of that account and into some other account. But honestly if you are going to this much trouble is it even worth it to use Paypal?

Just about any processor, Stripe included, stipulates they can withdraw from your account. And what if their systems are hacked, disclosing your account and routing numbers to an ill-intentioned third party?

You probably want this as a generic fail safe for any account that you disclose the account an routing number to an outside entity.

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

#340

Post by rhcom2 »

hunter2_ wrote: post #237
astura wrote: post #221

Earlier quoted context omitted.

>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?

I believe you're describing https://privacy.com/

Lets you generate new debit card numbers with hard limits on the amount the card can spend. I really like them for tracking repeating payments.

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