111–120 of 225 posts
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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 specifically select my AMEX to pay because it has the highest transaction fees for them. I thought I was the only one.
It's ridiculous that Paypal is literally a bank at this point, yet somehow subject to none of the same regulations and consumer (or merchant) protections as one. > PayPal is accused of making the service the default option for new sign-ups without making clear that it was doing so. Different but related: No matter how many times I tell them that I want to pay with my real credit card instead of "direct bank transfer"…
> The eBay-owned company has offered to settle the case, without admitting wrongdoing. I'm getting REALLY sick of this shit. Wish normal people could just pay off the government to avoid facing consequences for their actions...
Paying money is a consequence for the actions, and "normal people" enter into civil settlements or criminal plea bargains where the only consequence is a cash penalty/damage payment/fine, sometimes, in the criminal case, taking a lesser charge (that admits such a fine) than the original charge (which may not allow a fine instead of imprisonment) in the course of such a settlement.
In the case of civil offenses, settlements without admission of guilt are fairly normal; this is not possible in the case of criminal charges, where the imposition of a penalty (even as a plea bargain) requires a plea of guilty. However, when both civil and criminal offenses are potentially chargeable, settling the civil charges and the government dropping the criminal charges is, again, not unheard of.
So, really, there's nothing out of the realm of what is possible for normal people here.
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I once ordered some things together with a few friends. The total sum ended up around $3500, much more than I usually buy for. The buy went through and the company got the message from Paypal that everything was ok and the money was on their account. Sadly they had a vacation day (small home-run company) and did not send the items directly. Two days later when they were back, Paypal had just pulled the money back fro…
$20 in 'investigation fees'? can anyone confirm this? I won't use them again if true.
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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.
About TransferWise. I checked their site based on your recommendation. However, something bothers me. There's a form on the Top-right corner. "You send," "You Receive." I tried checking how much would be received in dollars if I sent $1000. However, the form wouldn't let me. It doesn't allow comparison between the same currency. It felt shady to me. I've sent this message to them already. But wow! They do support a l…
Their use case is transferring funds between currencies, why would you want to do that?
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They can. It's called a fine.
Yeah but you're still charged with something and it's still on your record. It would be more like if you could write the gov't a check to 'pretend this never happened', with nothing on your record, and probably a written promise from the gov't that they'll never say anything bad about you.
Not if its a civil settlement.
> It would be more like if you could write the gov't a check to 'pretend this never happened', with nothing on your record, and probably a written promise from the gov't that they'll never say anything bad about you.
The government says negative things about firms that enter into a settlement without admitting to guilt all the time, including about the specific conduct that led to the investigation that was settled.
In fact, in this specific case, the CFPB said all kinds of negative things about PayPal and the actions that led to this settlement in the press release announcing the settlement. [0]
So, its hardly at all analogous to "a written promise from the gov't that they'll never say anything bad about you".
The consent decree also includes additional restrictions (beyond those in the law) on and oversight of PayPal's behavior going forward, so its also very much not analogous to "pretend this never happened".
[0] http://www.consumerfinance.gov/newsroom/cfpb-takes-action-ag...
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.
Paypal did freeze my account some time around 2003, it took major faxing to get it to unfreeze.
Paypal is more convenient/safer for casual buyers than most other payment options starting from CC ending with Bitcoin(I use/own BTC). I don't mind paying with Paypal for some small item from China but would be hesitant to use a CC.
At least that is the perception that Paypal has worked hard to cultivate.
About time, but $25M is nothing for them. Nowadays we have all our clients using Stripe for their CC processing, but back in the day, our clients could use anyone they want. One poor soul choose to use PayPal against our insisting he not. Three days before he had to give the security deposit to the convention center where his organization was hosting their conference, PayPal froze the account. I can't express the str…
I once ordered some things together with a few friends. The total sum ended up around $3500, much more than I usually buy for. The buy went through and the company got the message from Paypal that everything was ok and the money was on their account. Sadly they had a vacation day (small home-run company) and did not send the items directly. Two days later when they were back, Paypal had just pulled the money back fro…
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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,…
On the other hand, that's the normal way of running small events . There are a number of annual events that don't have a limited company organizing the thing and can't raise a 10k-100k float from those organising it; they have to operate in this manner. 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 t…
I ask because planning an event in my 2nd hand experience of weddings and such usually involves more than a few non-refundable expenses, which seem like they would prevent them from being able to provide a refund to everyone in the event of a cancellation.
I mean it just seems like Paypal's established practice, of tying up event money unless it is proven that the money isn't actually needed and will remain available in case of a charge back, is a pretty reasonable one. I mean I have been written bad checks by roommates for rent before, it is pretty damn hard to get money from people who don't have it so despite taking legal action I still haven't seen any of the money, I feel like Paypal is potentially preventing many instances of this.
Edit: Thinking back on it many of the small events I have attended ask for a $X donation from people, who in return will receive a ticket. This seems like it would get around the issue in the same way Kickstarters which don't deliver avoid the issue.
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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.