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PayPal has permanently banned The Hacker News and hold funds for 180 days

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Re: PayPal has permanently banned The Hacker News and hold funds for 180 days

#191

Post by concerned_user »

timthorn wrote: post #184
concerned_user wrote: post #181

Earlier quoted context omitted.

Do you live in Europe? Because to get all those benefits you mention credit card is quite a bit more expensive than the debit one. Also cashback is not a thing in Europe.

I do. And while I pay a fee for one of my credit cards, another (that gets me cashback in a supermarket) is free.

Interesting, cashback doesn't exist in the country I live in. You can get loyalty points from grocery stores and gas stations etc, you can even get a debit/credit card that doubles as loyalty card but it will still be points and you will only be able to convert them into discount at specific vendors but not to cash.

Re: PayPal has permanently banned The Hacker News and hold funds for 180 days

#192

Post by [deleted] »

ThrowMeDown01 wrote: post #172
akvadrako wrote: post #36

Earlier quoted context omitted.

There are multiple places called Washington and post can mean "mail delivery" or "sign post" or "work assignments".

You are grasping for straws in a truly disgusting but not even entertaining way.

[deleted]

Re: PayPal has permanently banned The Hacker News and hold funds for 180 days

#193

Post by prepend »

SmellyGeekBoy wrote: post #158
Tehnix wrote: post #145

Earlier quoted context omitted.

That's about as real an alternative as if I said you could just send me a mail instead of sending me an email. > IBAN transfers...Transferwise Obviously incredibly slow and a lot of work. > Diner’s Club, Amex, Discover, JCB Haven't seen these in Europe. > Apple Pay (Apple Pay Cash) Limited to banks that support it. In e.g. Denmark, that's only two of the minor ones, meaning far from the majority of people.

You haven't seen AMEX in Europe? I've had one for years and used it all over Europe with zero problems whatsoever.

Your observation doesn’t change that OP hasn’t seen it.

Amex is a small card processor. According to the Nilson report [0], Visa and MasterCard made up 80% of global transaction dollar amount in 2016. Amex, Discover and JCB combined made up 5%.

You may know of Amex but they are a very small card, especially outside of the US.

[0] https://nilsonreport.com/upload/issues/1109_6392.pdf

Re: PayPal has permanently banned The Hacker News and hold funds for 180 days

#194

Post by KozmoNau7 »

tgtweak wrote: post #82
myself248 wrote: post #67

Earlier quoted context omitted.

Yup, they froze the Neo900 project's funds and caused them to miss a bunch of supplier contract deadlines: https://neo900.org/news/paypal-trouble-delays-project Basically killed the project. It's still sortof moving, but a shell of what it once was. PayPal's size allows them to dictate terms like "We'll screw you worse than a bank but you can't sue us like a bank", and nobody's been able to take them down yet. One ca…

They've screwed countless group buys by locking the organizers account and freezing funds after "detecting" unusual spending (ie receiving money from a bunch of other users in a short period of time). Same thing happened to a friend organizing a group gift for another mutual fiend. Unethically, PayPal kept receiving funds to the account after they froze it.

They screwed over Something Awful as well, due to a fundraiser for the victims of hurricane Katrina: https://www.somethingawful.com/news/paypal-fiasco-summary/

They simply froze the donated funds and kept them in limbo while forcing the operater of SA to jump through ridiculous hoops in order to unfreeze the money.

Don't use Paypal for any sort of fundraiser. Ideally never use Paypal for anything, ever.

Re: PayPal has permanently banned The Hacker News and hold funds for 180 days

#195

Post by root_axis »

sys_64738 wrote: post #185
bougiefever wrote: post #109

Every chance I get, I tell people not to use PayPal. They have done this repeatedly, and the people who are affected have absolutely no recourse unless they happen to own a popular newspaper. PayPal has been shamed into doing the right thing, and that seems to be the only recourse. From reports I've heard, their internal system doesn't exist, and they aren't a bank, so there is no legal recourse either.

I wouldn't use ebay if I couldn't use paypal. I don't want to use my CC for any online xacts if I don't need to. I'd rather use paypal to protect myself or just shop at a site I trust (e.g. Amazon). People who receive monies via PP need to protect themselves by assuming PP could freeze their account at any time. That means keeping the minimum amount of $$ possible under PP's control. I know there are regs to that but…

Some of the banks and some 3rd party companies are now offering a system to digitally generate "one-time" use card numbers that are automatically destroyed after a successful transaction.

Re: PayPal has permanently banned The Hacker News and hold funds for 180 days

#197

Post by toufiqbarhamov »

jammygit wrote: post #189
danso wrote: post #176

Earlier quoted context omitted.

You’re arguing that companies should only be able to decline service after a court allows them to?

I think he's saying that near-monopolies should have to follow special rules because the market system breaks down

Counterpoint: The “market system” is already a fiction, and contesting the laws to further promulgate that fiction is a non-starter. Calling a business a somethingnotquitea-monopoly isn’t an incantation that makes it true or legally sound.

Re: PayPal has permanently banned The Hacker News and hold funds for 180 days

#198

Post by ohyeshedid »

sparkie wrote: post #153
beerlord wrote: post #65

Earlier quoted context omitted.

Scary stuff. That's the real reason to use and encourage Crypto: to avoid political censorhip and control. Its a shame it was co-opted by mining and speculation.

Had bitcoin not been sold as a way to get rich, it's likely that most people would have still never heard of it. It's unfortunate that most people misunderstand what Bitcoin is because they can only think of it in terms of legacy financial instruments (ie, treat it like a stock). However, there's no doubt that many people who are in it for the technology and liberty got to know about it because someone else made mone…

This is something I've understood for awhile; I agree with you in all but timing. I think the original idealism behind crypto-currency started to die when the first providers and vendors started accepting bitcoin for services or products.

Those first few folks made a decision, either consciously or subconciously, and it was based on how much 1btc is worth. Ideologically, it's worth 1btc. So either they accept that, or they themselves begin to shape the exchange rate to other currencies.

The beginning of the end was probably well before that; it started with whoever the first person to exchange btc for other currencies was.

Re: PayPal has permanently banned The Hacker News and hold funds for 180 days

#199

Post by ddtaylor »

gcb0 wrote: post #121
arisAlexis wrote: post #105

Earlier quoted context omitted.

you are kind of asking for it... :) Bitcoin

you still need a 3rd party to realistically convert USD into BTC. at this point, might as well trade in casino chips. (see gnu taller for a less cassino-like alternative to payments)

> you still need a 3rd party to realistically convert USD into BTC.

Can't the same be said of credit cards?

Re: PayPal has permanently banned The Hacker News and hold funds for 180 days

#200

Post by mascot6699 »

root_axis wrote: post #180
hikergirl1234 wrote: post #164

Earlier quoted context omitted.

Sell a good/service and receive payment in Bitcoin

That's not really a practical way to acquire bitcoin since there is very little economic activity in the cryptocurrency world besides trading various cryptocurrencies. I know this first-hand since the e-commerce startup I work for brings in roughly 300k USD in sales monthly, with bitcoin sales never having exceeded $80.00 USD worth of value and often none at all.

May I ask where you work? And also, why bitcoin? It's a slow cryptocurrency right?! Do you make users to wait for confirmation(about 30-40 mins)? You could experiment with fast Altcoins and convert to Bitcoin eventually.
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