PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
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Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#2This looks really bad for PayPal.
"It did not have an account with the Giving Fund, even though its profile page there included its logo, mission statement and tax identification number."
TLDR; PayPal is soliciting donations for over a million charities, most of whom are unaware of this.
Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#3I think this (charity donations) is one of the perfect use cases for the blockchain. To be clear, I am not suggesting Bitcoin, but the underlying blockchain technology.
Having publicly visible transactions will be a huge boost to transparency and shady practices like those described in the article just won't fly. Every other month a news article about banks exploring blockchain tech keep popping up in the media and I hope banks find a way to incorporate blockchain technology into the existing system.
Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#4This looks really bad for PayPal. "It did not have an account with the Giving Fund, even though its profile page there included its logo, mission statement and tax identification number." TLDR; PayPal is soliciting donations for over a million charities, most of whom are unaware of this.
It sounds like they already have a team manually collecting information on charities. It wouldn't be so unreasonable for them to manually write a check to the actual charity after 6 months with no collection, which would take most of the meat away from the lawsuit. The free money would probably help their conversion rates with this trick, too.
Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#5Man, I donated through this. I didn't know the charity wouldn't get the money.
Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#6So basically PayPal itself would call it fraud if somebody else would be doing it, right?
Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#7PayPal is going to lose this one. They're acting as a charity fund-raiser, which is highly regulated due to a long history of flaky fund-raising.[1] PayPal is probably going to claim they're a special snowflake because they're a payment processor or something, but that probably won't fly, because PayPal claimed to the public that they were collecting funds on behalf of a charity.
Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#8I think this (charity donations) is one of the perfect use cases for the blockchain. To be clear, I am not suggesting Bitcoin, but the underlying blockchain technology. Having publicly visible transactions will be a huge boost to transparency and shady practices like those described in the article just won't fly. Every other month a news article about banks exploring blockchain tech keep popping up in the media and I…
Blockchain technology is (nearly) useless without the blockchain being public. Banks need stronger distibuted consensus primitives than theyre using now, but blockchain is overkill.
Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#9It looks like that the Humble Bundle is also affected by this. On their webpage, it says "Charitable contributions administered by PayPal Giving Fund" and "PayPal Giving Fund retains ultimate discretion and control over the use of the donations it receives from Humble Bundle."
Is there a way to know which charities are registered with Paypal?
Re: PayPal Redirects Charitable Contributions Without Consent, Lawsuit Says
#10Given the founder's opinion, caught on video, that "single-digit millionaires have no effective access to the legal system", perhaps they weren't too concerned.
https://theintercept.com/2016/10/31/trump-fan-peter-thiel-sa...
But this offense will tried in a different courtroom, the same that VW and Uber have lately been 'splaining themselves in.