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We got banned from PayPal after 12 years of business
161–170 of 536 posts
Re: We got banned from PayPal after 12 years of business
#162Don't know if it is the reason for the ban, but Niteos main product seems to be a service for creating spam networks. https://www.easyblognetworks.com , https://niteo.co/projects
As I mentioned in the previous comments - we're not using PayPal to process our SaaS products.
> we're not using PayPal to process our SaaS products
Disclosure: I used to work in payment industry.
Unfortunately from the brand's perspective (Visa, Mastercard, etc.) it doesn't matter which of your product is using their channel to process payments, if the business is involved in doing something shady, the whole company will be flagged. If you already passed KYC 12 years ago, but your business _today_ won't pass KYC if you were to apply again, then it's a matter of time until you get kicked out.
Re: We got banned from PayPal after 12 years of business
#163Others have said it, but it bears repeating. If you build on someone else's platform for free, or cheaply, you are the product not the customer. At best, you are both product and a minor customer. Paypal has a history of doing this sort of thing. I've seen articles about it with Google services as well. This is one of the many reasons why I suggest using open standards. You could accept bitcoin or eth for payment, bu…
But paypal takes a fee, so it isn't free.
Re: We got banned from PayPal after 12 years of business
#164Not surprised at all. We got banned too without any warning a few years ago. I wrote about my story here: https://news.ycombinator.com/item?id=11944701 Lots of people would simply think "It won't happen to me" and move on. But this is just another example that if it can happen to people using Paypal for years, it can happen to you too. It's better to offer other payment channels to customers so you can diversify. And…
You got banned for running a file sharing site, I’m afraid. PayPal’s terms require all file sharing sites to seek explicit approval before using the service, no exceptions.
Re: We got banned from PayPal after 12 years of business
#165Literally NO ONE wrote the below: Every Friday go online and withdraw all-but-the-necessary £€$$ to your bank account (transfer wire or via card number). I do get some revenue via PayPal, and the very same day (or the next) I 'download' comes it to my bank account (connected to PayPal via card) and IMMEDIATELY is shipped to another account that has all the controls to make money (relatively) unmovable. I perceive Pay…
Nobody disagrees that this is what you have to do in PayPal's current state. The debate is to whether you should have to do it, or whether, given that it walks and talks like a bank, PayPal should nationally and globally be treated as a bank.
Re: We got banned from PayPal after 12 years of business
#166Literally NO ONE wrote the below: Every Friday go online and withdraw all-but-the-necessary £€$$ to your bank account (transfer wire or via card number). I do get some revenue via PayPal, and the very same day (or the next) I 'download' comes it to my bank account (connected to PayPal via card) and IMMEDIATELY is shipped to another account that has all the controls to make money (relatively) unmovable. I perceive Pay…
How does that protect against them erroneously withdrawing large sums from your account and hitting you with overdraft or repeated NSF fees?
Re: We got banned from PayPal after 12 years of business
#167Earlier quoted context omitted.
I’m always surprised as to why people are concerned about card details misuse. You are not responsible for card-not-present fraud (without 3D Secure). You can dispute any fraudulent charge with your bank, and I’d bet good money the bank has actually better customer service in that regard compared to PayPal.
Non-US credit or debit card owners are not in that good position wrt. disputes and getting their money back. Most of them charge for disabling the card and sending a new one. Dispute last for months, and are not automatically protecting the customer.
Sad to hear that about Non-US card owners. In the US, I've had just the opposite experience. E.g., with AmEx, I had suspicious charges and before I even finished the description the agent interrupted me and said the charge and my card were both already cancelled and new card w/new numbers was already on the way via FedEx.
I'm not quite sure what pattern the agent recognized, but she sure didn't like it and they weren't going to put up with it for a second. I'm not sure why it wouldn't be in their interest to be this vigilant globally...
Re: We got banned from PayPal after 12 years of business
#168For me as a customer, having PayPal as payment option increases the propability of purchase. Especially with one-time purchases from small vendors. Reasons: No risk of credit card info misuse (by vendor), I only need username and password and I get certainly at least some kind of receipt for accounting.
> Reasons: No risk of credit card info misuse (by vendor), I only need username and password and I get certainly at least some kind of receipt for accounting. It's a shame virtual cards never got more traction through the CC industry. For those who aren't familiar, some banks/cards offer you a tool that let's you set an arbitrary spend and expiration date (+2-12 months usually) and then generate a credit card number…
The reason I don't use virtual credit cards is because they tend to not protect you from first party fraud, only third party fraud.
Despite what the banks claim, they usually will NOT prevent recurring payments from being honored. Even if you don't have enough money in your account. (The bank will just collect it from you)
I used to use a service called Entropay, which would actually let you pre-pay money into a disposable virtual credit card. But banks would never let you do that, because it would undermine their own system.
90% of the problems that I have had over the last ten years have not been with credit card info being stolen, but with misleading or outright fraudulent behavior by merchants, and BoA virtual credit cards have all of the exact same problems as real credit cards and will do nothing to protect you.
You will still have to always keep an eye out that 90 days later you aren't charged again for the same thing. And you are still on the hook for charges made by the merchant you paid, and it is up to you to dispute any charges through the same process as with a regular credit card.
What I want, is to give a merchant a credit card number, pre load that number with $30, have them charge it, and then be completely done with it. This especially makes sense for low stakes low cost recurring monthly payments. I should just be able to stop paying a $5/month fax service that I never use, and have them terminate my service. Banks would never let you do that. Services that used to let you do that have been mostly shut down.
I understand that I may be technically agreeing to pay each month with recurring payments, but the onus should be on the provider to stop servicing me if I cannot come up with the money. The system that we have today for recurring payments makes no sense.
I simply want to be in control of how much money gets taken from me. It is the same reason I take bills out of my wallet to pay a clerk at a store, and do not simply hand them my wallet and ask them to take the money out. I don't care if I can call the bank and dispute things with them, I want to be the one to dole out the money for the transaction.
And I haven't tested this, but apparently if some scummy vpn service you did a 30 day trial with a few months ago claims you owe them, and you miss the window to dispute it, or the bank sides with the merchant, the bank is obligated to go after your money from other accounts.
No thanks.
Re: We got banned from PayPal after 12 years of business
#169I've been preaching this since forever. Don't rely on PayPal. They're less professional than a kid selling juice next to the road. There are no grace periods with PayPal to give you time to move to another service. There is never more than a generic reason and stonewalling when they terminate you. And yes, their decision is always final. They'll happily terminate your only source of income on a friday afternoon, free…
> Don't rely on PayPal.
Don't rely on any single point of failure. Don't kid yourself. No payment processor is your friend, and if you think that, you're a fool. Have multiple payment processors, and be prepared for bad things happening. The reasoning isn't as simple as PayPal or Stripe are out to get you. Rather, there are many banks and many laws, both in your home country and internationally that can affect your business. And in the end, they won't risk their business for you, no matter how fair or unfair it is.
Re: We got banned from PayPal after 12 years of business
#170Earlier quoted context omitted.
According to [1] right now, if you want your bitcoin transaction to have a good chance of being in the next block, the fee is 18,450 satoshis, i.e. $1.11 [1] https://bitcoinfees.earn.com/
Bitcoin is a broken cryptocurrency. It's not argument against cryptocurrencies in large, only against Bitcoin specifically. For example Bitcoin Cash has a next block fee of $0.0014. [1] [1]: https://bitcoinfees.cash/
LOL, "broken".
However, unlike you I am not trying to advertize any cryptocurrency here. Only wanted to talk about decentralized solutions. And bcash is exactly an example of a NOT decentralized cryptocurrency.
Anyway, I don't want to argue with you. Have fun with your s*coin.