41–50 of 225 posts
Wow, nothing but complaints about PayPal here. Interesting to keep in mind next time the Elon Musk hagiography starts up again...
Earlier quoted context omitted.
I gather that PayPal's secret to success is strong anti-fraud measures (and not caring about false positives), and one of them is freezing accounts that get a flood of money all at once. That also is a pattern you see in events and charities set up for a new disaster.
PayPal does not consider conferences a "false positive". Small events often fail: the speakers cancel, the venue falls through, not enough people buy tickets to cover costs... if you are using incoming ticket money today for things, you are essentially taking investments, not payments. PayPal's response to this is to hold most of the money until one day after the conference, as otherwise, when your conference fails,…
Many years ago I tried to sell a World of Warcraft account via. Paypal. I got lots of buyers -- all of whom tried to pay with stolen paypal accounts. After they made a payment I would ask for a photo-copy of their ID, or to wait 3-days to make sure the payment went through properly (Paypal's normalized way of handling this was to mark the Payment as confirmed leaving the seller thinking everything was okay only to re…
Does PayPal even allow selling things like WoW accounts? Otherwise you don't really have a right to complain.
Many years ago I tried to sell a World of Warcraft account via. Paypal. I got lots of buyers -- all of whom tried to pay with stolen paypal accounts. After they made a payment I would ask for a photo-copy of their ID, or to wait 3-days to make sure the payment went through properly (Paypal's normalized way of handling this was to mark the Payment as confirmed leaving the seller thinking everything was okay only to re…
Does PayPal even allow selling things like WoW accounts? Otherwise you don't really have a right to complain.
Though really, paying for crap is different than selling it. More of an eBay domain problem than PayPal. Two totally different businesses.
Earlier quoted context omitted.
PayPal has some serious issues with regards to what you say, but I used it last summer to transfer money from USA to Europe for my daughter and the fee was a fraction of what the bank wanted. Banks can be pretty scummy in their own way.
I always compare with my normal bank when I'm forced to use paypal and so far they have always been slightly higher than the bank. I live in Sweden though.
Earlier quoted context omitted.
I gather that PayPal's secret to success is strong anti-fraud measures (and not caring about false positives), and one of them is freezing accounts that get a flood of money all at once. That also is a pattern you see in events and charities set up for a new disaster.
PayPal does not consider conferences a "false positive". Small events often fail: the speakers cancel, the venue falls through, not enough people buy tickets to cover costs... if you are using incoming ticket money today for things, you are essentially taking investments, not payments. PayPal's response to this is to hold most of the money until one day after the conference, as otherwise, when your conference fails,…
You have however confirmed the value of having a "sweep paypal money into an unconnected bank account ASAP" operations rule.
I do wonder whether anyone's ever taken them to small claims court over an event like this and won, possibly by default.
(The original article is a straightforward violation of the Consumer Credit Act, I believe)
It's really bad. I complained but got no response, and it's not a surprise. I'm glad that this (among other things) didn't fly.
Earlier quoted context omitted.
PayPal has some serious issues with regards to what you say, but I used it last summer to transfer money from USA to Europe for my daughter and the fee was a fraction of what the bank wanted. Banks can be pretty scummy in their own way.
Have you ever tried TransferWise? With customers and family around the world, I'm thinking of switching to them to handle transfers instead of Paypal/Stripe. They seem to have the most honest fees around. Disclaimer: not affiliated with them. Just genuinely curious.
Unrelated, but still a bit shady. They still try to trick me into using back account instead of credit card, even though I've set credit card as default... I know CC processing costs them more, but It's so annoying.
This is typical of them. To do my best to take a jab at them every time I can, when I am forced to pay with PayPal, I specifically select my AMEX to pay because it has the highest transaction fees for them.
I thought I was the only one.
I wrote them a complaint and changed the default but never heard back. FUCK YOU Paypal, you MUGGED me and stole money from me.
I am CERTAIN they end up getting more than $25m out of this scheme. This settlement just means they have to share the profit with the UK Gov.
We need a class action suit in the U.S. demanding they return the late fees they criminally charged people like me.