91–100 of 204 posts
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PayPal isn't a bank. It doesn't have depositors, just plain creditors. (Oversimplifying.) It should have to disclose this more thoroughly. But there is a legitimate niche for low-compliance deposit-like instruments in our financial system.
Isn't paypal a bank in europe and is supervised by CSSF due to having a banking license?
I wanted to close my Paypal account just now and they have very dark patterns going on. I wanted to send the remainder of my balance to my bank account, in order to do so I had to couple my bank account. It directly presented me with the info that if I were to couple the account, Paypal will have 90 days of access to my balance and all my transactions. How about no. Luckily there was a link on the bottom “link it in…
Anyway, it is slightly inconvenient not having a Paypal, but I refuse to do business with them. Hopefully another option comes along to fill the void.
I wonder if PayPal did the old “Your account is locked and we’re keeping your money” thing to GitHub too, as they have too so many others.
I closed my Paypal account when they "mistakenly" added punitive and censorious clauses to their TOS. It took ten days, and in doing so it came to light that there had been, unbeknownst to me, about fifteen businesses with permission to withdraw funds from my account without any confirmation needed on my part. Once you have some type of recurring businesses, those permissions can persist indefinitely. As far as I kno…
Looking at all the PayPal hate in this thread, I have to ask - what do you guys use instead of PayPal? My main use case for PayPal is to avoid giving my credit card directly to merchants I don't fully trust. I considered switching to using virtual credit cards instead. But being outside the US, the options (at least those I'm aware of) are quite limited and inconvenient.
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Blows my mind that that's legal. If they lock your account they should be obliged to still show a form to withdraw to a bank account you own.
It wouldn't blow your mind if you did a bit of research. Payment processors will ALL (including stripe, authorize, adyen, etc) lock your account (with your money still in it!) if: 1) You're taking money for a product that will be delivered in the distant future (like tickets for an event, or preorders) 2) Your account has a sudden change in ticket size or quantity 3) You're violating their TOS. On HN that might look…
I was a PayPal customer for 16 years. They then threatened to disable my account unless I completed forms to send to Equifax. I told them to get stuffed and see you later. I really miss PayPal but I didn’t appreciate what they did.
We hear a lot from people who have had a bad experience using PayPal. But is there anyone who has had a good experience, either as a merchant, or as a customer?
I also like that both PayPal and Apple provide a centralized UI where I can revoke payment authorization for subscriptions, so I don’t have to argue with someone on the phone to cancel. My understanding is that Apple subscriptions incur a 30% fee for the developer (and often a price hike for me), so it’s nice that PayPal offers something similar without that fee.