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PayPal introduces new fee for dormant accounts

theguardian.com

51–60 of 136 posts

Re: PayPal introduces new fee for dormant accounts

#51

Earlier quoted context omitted.

you might be interested in privacy.com as an alternative!

Or if you have Capital One, they offer a browser extension called Eno to generate unique virtual numbers for each site or purchase.

...But does it play ambient music while the virtual number is valid?

Re: PayPal introduces new fee for dormant accounts

#52

Earlier quoted context omitted.

Nice, a bailin. But sure, most banks have fees like that, and typically don't for a few years just to attract the broke people that were looking for an account with no fees. Then they turn them on.

> But sure, most banks have fees like that A bank account with fees? I've never seen that. They make money by loaning out your money, so they don't need to charge a fee.

All the biggest banks in the US have monthly maintenance fees for most of their account types, typically waived by having a certain minimum balance.

So, congratulations you are privileged by being wealthy or living in a developed nation, check it.

Re: PayPal introduces new fee for dormant accounts

#53
post #3

Well, I'm glad I don't have money left there, because I had two factor authentication turned on, and for some unforseen circumstances, I lost my phone number. PayPal customer service is actually quite hard to contact, because every possibility they give you requires you to log in. I found an email address somewhere, but when I wrote them telling them about my situation, I got an email that if I log in I can check the…

Similar here. I've been using PayPal to receive our Patreon balance each month and pay various project (sqlitebrowser.org) related experiences. Just over a week ago, when I tried logging in to PayPal (2FA is not enabled) a new screen appeared saying they'd sent an SMS with code to my phone number, and I need to type it in. Problem being, the phone number they displayed is not mine. I've never given them my mobile num…

The PayPal mafia in general are interesting folks

Peter Thiel the “libertarian” went on to found Palantir, for example, which helps governments do precrime and encourages mass surveillance of their citizens.

He also opined that “competition is for losers and you should build a monopoly” which as the first check in Facebook helped influence Mark Zuckerberg, and the results we see today. Back then Mark Z wanted to make peer to peer encrypted networks like Wirehog.

Peter thiel also wrote op eds saying stuff like giving women the vote ruined the USA by making it more social-democratic instead of capitalist.

Musk I think has long moved on from the PayPal days.

Re: PayPal introduces new fee for dormant accounts

#55

Earlier quoted context omitted.

Nice, a bailin. But sure, most banks have fees like that, and typically don't for a few years just to attract the broke people that were looking for an account with no fees. Then they turn them on.

> But sure, most banks have fees like that A bank account with fees? I've never seen that. They make money by loaning out your money, so they don't need to charge a fee.

It used to be that all basic (low end) US checking accounts had fees and the concept of no-fees being the norm has happened during my adult lifetime. Low end accounts (no money in them, basic tier) may not cover the yearly expenses for the bank to keep up with the legal paperwork on that account, but a high end account ($$$) has always had no-fees because of exactly what you describe. (digital life has I'm sure reduced said costs)

I work in an unrelated industry where the economics are the same - low spend accounts require more hand-holding (support time = money, etc.) and can be "upside down" (no profit, lossy), whereas large enterprise accounts generate money by their sheer hands-off approach done at scale.

Re: PayPal introduces new fee for dormant accounts

#56

Earlier quoted context omitted.

I have the same exact problem! I wanted to delete my account, just in case, but I cannot login. I haven't used Paypal in over 10 years. Their "service" is really not needed anymore.

If you sell on eBay, Paypal is heavily integrated, to the point I'm not sure you can complete a transaction without it.

eBay is in the midst of migrating all seller accounts away from paypal to their own integrated solution. While buyers can still use paypal to pay, as a seller, you no longer have to touch paypal if you don't want to.

On the other hand, you now have to give them your SSN #.

Re: PayPal introduces new fee for dormant accounts

#58

Earlier quoted context omitted.

If you sell on eBay, Paypal is heavily integrated, to the point I'm not sure you can complete a transaction without it.

I have recently purchased a number of things on ebay with 'buy it now' and giving my visa card number directly to ebay, in what looks like a very ordinary shopping cart checkout workflow, with no involvement of paypal. No login to paypal and no mention of it. The browser I was doing it from has never logged in to my paypal account and has no credentials cached for it.

Paypal still does the credit card transaction. I know because their black box algo blacklisted me for whatever reason many years ago and I tried that. They have no customer support its just an abyss of a company and you are a statistic. Fine with me because I really dont use Ebay but I remember that.

Re: PayPal introduces new fee for dormant accounts

#60
post #27

Earlier quoted context omitted.

A lot of e-commerce sites will take PayPal these days. I like to use that vs giving my credit card information. Granted, I prefer to use things like Apple Pay but there are circumstances where PayPal is the only indirect payment form I have in common with a site

you might be interested in privacy.com as an alternative!

The odd thing about privacy.com is that in order to use it, you have to surrender all privacy. You are required to provide them full access to your bank account.
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