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If you opened your PayPal account before you were 18, close it

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Re: If you opened your PayPal account before you were 18, close it

#311
post #294

Earlier quoted context omitted.

What are you talking about? 10% of my clientele pay in bitcoin. Source: independent sysadmin/automation/'devops' consultant.

Are those 10% small 2 person businesses? From my experience even early/mid-size YC startups are not very open to bitcoin.

I'd say in the 20-50 person company range, engaged in everything from real-time video analysis to ecommerce.

Re: If you opened your PayPal account before you were 18, close it

#312

Earlier quoted context omitted.

You should have set up post office address forwarding and had your replacement card sent to your original address so it could have been forwarded.

You know what you need to set up address forwarding? A charge to a debit card with the same billing address. Catch 22.

At the risk of sounding nitpicky, this isn't the only way. You can go into a post office and grab a yellow "change of address" card. Fill it out, sign it, and drop it in the letter box. Forwarding usually kicks in two business days later.

Re: If you opened your PayPal account before you were 18, close it

#313
post #298
post #241

If ever there was a single shining example of how not to treat your customers, PayPal is it. Every year or two there is another story of a different arcane rule they have in place that is enforced with zero human consideration, oftentimes to deprive people access to their funds. They don't learn from their mistakes, nor acknowledge them in the first place. I can't think of another company that has drummed up such bad…

Curious how detractors would explain PayPal's beyond outrageous success?

eBay

Re: If you opened your PayPal account before you were 18, close it

#314
post #250
post #241

If ever there was a single shining example of how not to treat your customers, PayPal is it. Every year or two there is another story of a different arcane rule they have in place that is enforced with zero human consideration, oftentimes to deprive people access to their funds. They don't learn from their mistakes, nor acknowledge them in the first place. I can't think of another company that has drummed up such bad…

Learn from their mistakes? I think the biggest lesson has been that you can scam a small percentage of users out of their money, without any real impact. There's been so many stories about paypal stealing people's money, but their core business is still going strong.

I think it's part of the plan, while your account is suspended they could possibly use the money and lend it at an interest...

Re: If you opened your PayPal account before you were 18, close it

#315
post #241

If ever there was a single shining example of how not to treat your customers, PayPal is it. Every year or two there is another story of a different arcane rule they have in place that is enforced with zero human consideration, oftentimes to deprive people access to their funds. They don't learn from their mistakes, nor acknowledge them in the first place. I can't think of another company that has drummed up such bad…

What you are describing is the way pretty much any financial institution treats their customers.

A mix of heavy financial regulation, and low competition, itself largely the result of the massive barrier to entry created by financial regulation.

Re: If you opened your PayPal account before you were 18, close it

#317

Earlier quoted context omitted.

What kind of clients are those? Just curious as I cannot see fortune 1000 generally even considering such a thing.

Overstock.com accepts bitcoin, are they fortune 1000?

OP & I were referring to companies paying (service) providers in Bitcoin; so if I deliver a content management system or 50000 routers to Walmart, can they pay me in Bitcoin?

Re: If you opened your PayPal account before you were 18, close it

#318
post #48

Earlier quoted context omitted.

What's the alternative?

If you want total control of your funds - Bitcoin. No TOS, no age check, no account freezing, no corporation behind it.

Yes, and random loss in value which is just as bad as theft

Re: If you opened your PayPal account before you were 18, close it

#320

Earlier quoted context omitted.

in the US wire transfers cost about $30 per transfer, international cost about $50. If you're transferring to another customer in the same bank then they're free but I've never had that luxury. Were you referring to bank transfers to same bank customers? Because I've never heard of zero fees for bank transfers

Uk here - I can transfer amounts under 10k in under 2 hours without any fee, to any other uk bank. If I want to send more, it's about 20 pounds, and completed in a day. I can TransferWise money anywhere in Europe (not tested the US) for far less than those prices too.

Denmark here. November 21 2014 instant clearing 365/24/7 between danish banks via the Danish Central Bank was started. I can transfer money from bank A and have it be there on my account with bank B when I alt-tab over and refresh the browser with netbank B. Oh and its free(although a few banks have started charging a minor DKK 1 or DKK 10 fee for initiating the transfer, not mine though).
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