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PayPal discloses data breach that exposed user info for 6 months

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Re: PayPal discloses data breach that exposed user info for 6 months

#61

Post by sunshinekitty »

dig1 wrote: post #42
sunshinekitty wrote: post #28

At one point on the internet PayPal was the most trusted way to send and receive money - at least you are limiting sharing your personal payment information with random companies on the internet who may or may not be compliant. Lately though, with companies like Stripe and Plaid making it nearly frictionless to add payments to your website just as PP once did, and things like Google & Apple pay - why is there a need…

AFAIK Stripe and Plaid support only a fraction of the countries that PayPal does. And PayPal is still a global brand - recognized by almost everyone, everywhere.

fair point, I was missing the international point of view

Re: PayPal discloses data breach that exposed user info for 6 months

#62

Post by kiba »

AngryData wrote: post #31

Almost 20 years ago now paypal stole my $15 for no cause, I bought a videogame with it once off a major website, had $15 in it sitting around for 6 months, tried to use it to buy something off ebay and got locked out instantly. Then demanded all sorts of hoop jumping to get it back with notarized license and crap. Ive been saying screw them ever since, and not once have I regretted it. Every year there is some more s…

They have a monopoly and no meaningful alternatives and they're not the only monopoly.

Re: PayPal discloses data breach that exposed user info for 6 months

#63

Post by himata4113 »

yieldcrv wrote: post #44
himata4113 wrote: post #43

paypal is still around? I haven't seen any "accepts paypal" / paypal / checkout with paypal since around 2023 and the realization of it makes me unreasonably happy.

yeah they power everything under different brand names, such as Venmo

unfortunate, it's such a hostile company that I don't really know why they're even relevant anymore.

Re: PayPal discloses data breach that exposed user info for 6 months

#65

Post by encom »

kiba wrote: post #62
AngryData wrote: post #31

Almost 20 years ago now paypal stole my $15 for no cause, I bought a videogame with it once off a major website, had $15 in it sitting around for 6 months, tried to use it to buy something off ebay and got locked out instantly. Then demanded all sorts of hoop jumping to get it back with notarized license and crap. Ive been saying screw them ever since, and not once have I regretted it. Every year there is some more s…

They have a monopoly and no meaningful alternatives and they're not the only monopoly.

A monopoly on what? Online payments?

Re: PayPal discloses data breach that exposed user info for 6 months

#66

Post by PaulDavisThe1st »

sunshinekitty wrote: post #28

At one point on the internet PayPal was the most trusted way to send and receive money - at least you are limiting sharing your personal payment information with random companies on the internet who may or may not be compliant. Lately though, with companies like Stripe and Plaid making it nearly frictionless to add payments to your website just as PP once did, and things like Google & Apple pay - why is there a need…

PayPal is still the only place really that offers viable micropayment fee structure. At least that I know of. At ardour.org, where we have thousands of $1 payments per month, PayPal saves us 23c per $1 transaction.

Re: PayPal discloses data breach that exposed user info for 6 months

#67

Post by Hikikomori »

raron wrote: post #64
TitaRusell wrote: post #13

Hopefully WERO will finally wipe out PayPal in Europe. Despite the ridiculous name.

Wero doesn't add any value over standard SEPA transfers, I don't see why does it even exists. PayPal at least has some customer protection scheme.

It's instant and much simpler than logging into your bank. Many EU countries already have their own alternatives like swish and vipps. Can pay with just knowing the phone number, scan qr code, even quite common in stores. No fee at all for private use, small merchants just need an app, no additional hardware.

Re: PayPal discloses data breach that exposed user info for 6 months

#68

Post by rationalist »

sunshinekitty wrote: post #28

At one point on the internet PayPal was the most trusted way to send and receive money - at least you are limiting sharing your personal payment information with random companies on the internet who may or may not be compliant. Lately though, with companies like Stripe and Plaid making it nearly frictionless to add payments to your website just as PP once did, and things like Google & Apple pay - why is there a need…

> why is there a need to use PayPal anymore

When I try to purchase something with my credit card directly on Best Buy's website, my order always gets cancelled (presumably something in their fraud algorithm), but when I pay using PayPal, the order goes through just fine.

Re: PayPal discloses data breach that exposed user info for 6 months

#69

Post by anonzzzies »

Who still uses PayPal? I never hear it mentioned here anymore. They always were a scammy company, but especially very bad for sellers as they always side with the buyers. Locking up money for months of startups without cause etc. They terminated my seller account because 'fraud', no dispute possible. Years later they terminated my buyer account for 'fraud' no dispute possible. Never participated in anything that even looks like fraud but to their AI.

Wish them many bad press.

Re: PayPal discloses data breach that exposed user info for 6 months

#70

Post by themafia »

sunshinekitty wrote: post #28

At one point on the internet PayPal was the most trusted way to send and receive money - at least you are limiting sharing your personal payment information with random companies on the internet who may or may not be compliant. Lately though, with companies like Stripe and Plaid making it nearly frictionless to add payments to your website just as PP once did, and things like Google & Apple pay - why is there a need…

> was the most trusted way to send and receive money

This was mostly due to century old banking regulations and the difficulty for any new type of money processors to get themselves connected to the necessary backend systems to actually do anything.

It had absolutely nothing to do with the qualities of PayPal. In many ways they were simply the only game in town.

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