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"PayPal took $80k from me and banned me"

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Re: "PayPal took $80k from me and banned me"

#121

Post by eeghyrdcg »

piltdownman wrote: post #54
geek_at wrote: post #32

Earlier quoted context omitted.

does that mean if a group of people don't like you they can chargeback-bomb you and get you banned?

Exactly this. If you want to kill a competitors iOS app it's a well-known blackhat route, and testified to here before: https://news.ycombinator.com/item?id=343060 In this case a competitor used fake accounts and stolen credit cards to buy a competing app to get it delisted - Apple's apparent policy once the chargeback total hits some arbitrary figure. Edit: Immediately downvoted for no reason. Catching these sort of…

You linked the wrong comment. I should like to read the right one.

Re: "PayPal took $80k from me and banned me"

#122

Post by beeboobaa »

posting_mess wrote: post #113
beeboobaa wrote: post #103

Earlier quoted context omitted.

You think they're holding it in a 0% interest account? That'd be foolish. And we know the people they steal from aren't getting their due interest.

You have any evidence for that claim or just assuming? Wild to me how you can assert these things with no evidence.

You have any evidence for the claim that PayPal would keep their money in a zero interest account for some reason?

Re: "PayPal took $80k from me and banned me"

#123

Post by gndk »

Timshel wrote: post #118
gndk wrote: post #108

Earlier quoted context omitted.

Maybe I'm overestimating and most customers would go through the trouble of manually filling in their payment details, but it's scary to find out :-) Fees are a good point. PayPal's fixed fee (0,35€ per transaction on top of the percentage) is actually kinda painful, since we have relatively low average order value.

> but it's scary to find out :-) Do you have an exclusivity clause ? It might be costly but I don’t understand scary. What I would find scary is the risk that they ban you if you have only one payment processor.

With scary I'm referring to the potentially lost revenue if customers end up aborting their order instead of choosing another payment method if PayPal is not available anymore.

We offer both credit card and direct debit payment outside of PayPal (through Mollie.com), but people just prefer PayPal for the convenience and added buyer protection.

Since 2021, normal credit card payments in the EU also require 3DSecure verification, which causes many people to abort the payment for whatever reason (maybe they don't know how it works / don't have it set up correctly).

Having multiple payment processors is extremely important and I'm actively working on that. For example having multiple credit card processors and integrations ready to go. If you are paying with your credit card without using PayPal, you don't tend to care which processor the merchant uses. PayPal is just a special case because its so popular.

Re: "PayPal took $80k from me and banned me"

#125

Post by dannypostma »

djakaitis wrote: post #72

This guy also had his stuff deleted from Heroku. I get the feeling he might be in the wrong here and isn’t telling the whole story.

This guy here (Danny). This is bane of our existence as digital nomads. High chance to get flagged for using lots of locations

Re: "PayPal took $80k from me and banned me"

#127

Post by CalRobert »

mcv wrote: post #105
CalRobert wrote: post #58

Earlier quoted context omitted.

Not sure what your sector is but how is Paypal easier than paddle, stripe, chargebee, etc? Actually, how do people buy stuff in Germany? I'm in the Netherlands and everything uses iDeal, which was annoying at first but now I like it. I use a credit card otherwise. When I was in Ireland I used a debit card which functioned like a credit card.

iDeal is how all online payment should work in my opinion. The merchant only needs to know to which bank they should redirect you, and that's all. Your data and your money as as safe as your own bank is able to make them. The only downside is that it's only for Dutch consumers, and therefore international support is very spotty (Steam supports it, Lego does not). This weekend I heard a rumour that they might be makin…

As much as I like iDeal, I was annoyed when I first moved here since I came from an EU country with SEPA payments but it was really hard to buy stuff from lots of different websites. I also wonder if it keeps the barrier to entry high for new banks, etc - I would love it if I could pay for things using my wise.com account via iDeal, but I cannot.

Re: "PayPal took $80k from me and banned me"

#128

Post by posting_mess »

beeboobaa wrote: post #122
posting_mess wrote: post #113

Earlier quoted context omitted.

You have any evidence for that claim or just assuming? Wild to me how you can assert these things with no evidence.

You have any evidence for the claim that PayPal would keep their money in a zero interest account for some reason?

You made the claim "its a 0% loan", i'm asking you to prove that. Its not on me to somehow counter prove they aren't as I didn't make the original claim.

Re: "PayPal took $80k from me and banned me"

#129

Post by bluecrab »

gndk wrote: post #44

I have nightmares about this. The comments here saying that PayPal is just for hobby projects and should be avoided are living in a different reality. For me (e-commerce business, mainly in Germany), PayPal makes up around 70-80% of revenue and isn't easily replacable. I'm sure some customers would whip out their creditcard (if they even have one) or enter their long IBAN bank account numbers for direct debit, but ma…

There's paddle, lemonsqueezy and even buymeacoffee. PayPal is too shady

Re: "PayPal took $80k from me and banned me"

#130

Post by jakderrida »

posting_mess wrote: post #113
beeboobaa wrote: post #103

Earlier quoted context omitted.

You think they're holding it in a 0% interest account? That'd be foolish. And we know the people they steal from aren't getting their due interest.

You have any evidence for that claim or just assuming? Wild to me how you can assert these things with no evidence.

> You have any evidence for that claim or just assuming?

To be completely honest, and while I only have a degree in Finance and don't work in the industry, it would actually be considered irresponsible of a financial services company to NOT put it into at least a Treasury bond of sorts.

In fact, the process should be almost automatic. Otherwise, I'd argue their system , and its management, as grossly mismanaged and arguably violating their fiduciary obligations to shareholders. As to whether the other party should hold claim over any interest, that's something courts would need to decide in the same way the interest from a security deposit account once went to landlords and I think all the courts changed so that it always belongs to the tenant. Bear in mind that the interest in these cases is typically just dollars and it was more a symbolic victory for tenants.

Although, I've been skeptical of Paypal practices ever since my sister asked me how to pay me using her Bitcoin through Paypal only to find out that the Bitcoin bought on Paypal can only be sold to Paypal. That one just rubbed me the wrong way.

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