351–360 of 536 posts
Luckily for me I don't rely on PayPal so I put it in the "good riddance" category.
Don't know if it is the reason for the ban, but Niteos main product seems to be a service for creating spam networks. https://www.easyblognetworks.com , https://niteo.co/projects
As I mentioned in the previous comments - we're not using PayPal to process our SaaS products.
Maybe you should focus on making your business run in the ethical clear first. You’re not getting any sympathy from me that your unethical practices got you cut off from financing.
It feels like people don’t want to actively move their payments processor and no amount of blog warnings are going to change that. The one thing I will say is that the growing amount of responses of teams that have similar experiences should be worrying to PayPal.
PayPal spends a lot of money on lawyers to make sure that no state or country considers them a bank. The reason is so they can avoid banking regulations. If they were subject to regulations, they wouldn’t be able to freeze your account without warning, nor hold your money for 180 days. As they say internally: “we don’t make money by letting people have it back”.
> As they say internally: “we don’t make money by letting people have it back”. I'm gonna need a source for that.
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.
> they give you no option but to use PayPal That isn't the case. You can use your credit card directly, without it going through paypal https://get.bandcamp.help/hc/en-us/articles/360007803294-Pay...
https://get.bandcamp.help/hc/en-us/articles/360007902213-How...
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But with PayPal, that’s not the case. Your “money” in your account at PayPal is just a number in a table. The actual money, however, is in PayPal’s bank account where it is earning PayPal interest and investment opportunities.
To be fair, anything other than M0 (physical cash) is just a number in a table. Banking regulations that ensure ease of access are the only reason other "numbers in tables" are considered part of the money supply.
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"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.
When I was abroad one guy was enjoying a decent McDonalds meal in the states with a cloned card.
What's the best alternative to Paypal today?
Sellers should not trust PayPal, at all.
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.
Stolen is more appropriate here.