61–70 of 196 posts
I sell only small-time. I don't want to do Creditcard, no Stripe either (I don't have a registered company) and iDEAL is only working in the Netherlands. So what is the internet alternative for international selling. And, please, no crypto-currencies :)
I am off to sleep, see you tomorrow.
"We don't like what you are doing, and are going to hold your money for six months. I hope you don't subsist on it, or have any business obligations to attend to. We'll call you." This should be illegal for Paypal to do, period. Absolutely illegal. And if it is on behalf of a government or banking/fraud regulations, then the person should be referred to relevant agencies. Let's be clear and drop the pretense: They ar…
PayPal has been doing this for more than a decade now. I wouldn't be surprised if its part of their business model to hold funds indefinitely and to collect interest on them.
Besides, if that was their business it'd be in their S-1 and it isn't. (IIRC it says they keep customer funds in interest free accounts)
Earlier quoted context omitted.
Not that it really matters to your points, but eBay and Paypal split in 2015.
Not only did they split, they just forced all sellers to move from PayPal to direct deposit: https://gizmodo.com/ebay-and-paypal-finally-break-up-for-goo...
News like this is proof that cryptocurrencies like Monero are necessary. It’s proof (not that we needed any) that centralized finance does not have your best interests at heart, and they can and will abuse their power.
"We don't like what you are doing, and are going to hold your money for six months. I hope you don't subsist on it, or have any business obligations to attend to. We'll call you." This should be illegal for Paypal to do, period. Absolutely illegal. And if it is on behalf of a government or banking/fraud regulations, then the person should be referred to relevant agencies. Let's be clear and drop the pretense: They ar…
My bet would be that he's done non-Tor stuff with his account, and that's why it's been shut.
Earlier quoted context omitted.
The tech companies are not analyzing things at this level. They close a number of accounts each month. A certain number of those were engaged in fraud and will generate chargeback activity. Others were legit but accepting payments in advance. Once the business is out of business those too will generate chargeback activity. Some are legit but had bad service, lost key employees resulting in complaints. Once the accoun…
The problem here is that is sounds like he was SENDING money not RECIEVING money, They can trace where the money came from, if I put money into the account so I could pay someone they find objectionable and then shut me down they should not be able to hold that money because it is not a fraud issue, i did not receive from a 3rd party, it is 100% my money yet they also hold these funds for the 180 days
News like this is proof that cryptocurrencies like Monero are necessary. It’s proof (not that we needed any) that centralized finance does not have your best interests at heart, and they can and will abuse their power.
Nothing keeps an exchange from taking your money and running or not receiving the goods/service you pay for.
News like this is proof that cryptocurrencies like Monero are necessary. It’s proof (not that we needed any) that centralized finance does not have your best interests at heart, and they can and will abuse their power.
If you want privacy there are also Zcash shielded transactions. Or if all you want to do is eliminate central parties then why not just Bitcoin?
My understanding with Monero is if you don't run your own node there's not that much privacy guarantee anyway (otherwise you have to trust the third party node you point to). Someone please correct me if I'm mistaken about that.