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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

#71

Post by gpvos »

anonzzzies wrote: post #69

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…

I only use it when a seller doesn't offer any other way to pay, but there are still many, many sites that have it as the only option. A major one is Discogs; also quite a few artists on Bandcamp.

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

#73

Post by _verandaguy »

krunck wrote: post #41
_verandaguy wrote: post #9

Earlier quoted context omitted.

These are often undesirable features for SMEs that need to be accountable for a variety of reasons, including KYC regulations; besides, while blockchains provide protocol-level security, they fail in two ways that do matter to consumers: - They provide no meaningful consumer protections (since this necessarily requires an authority, which blockchains may not have) - They don't protect at all against meatspace vulnera…

Cash has no consumer protections. I use it all the time. I don't expect to have any consumer protections from crypto either.

This isn't the argument against traditional payment systems you seem to think it is.

There's a reason most people in well-banked countries use plastic over cash these days, convenience and consumer protection are it; and even with cash, the barrier to entry for fraud is higher since at some point that cash will come into contact with the banking world, and will have to be accounted for. If your cash flow is suspicious enough, it'll be audited.

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

#74

Post by jjmarr »

I've never used PayPal because someone signed up with my email to buy internet pornography before I could legally create an account at 18 years old. PayPal allows people to buy things without verifying the email, so now I'm stuck with it.

I could create a separate email, but I don't want to. I could take over the account, but I'm also unwilling to commit financial fraud. I called PayPal, and they said they couldn't do anything.

I've just used Stripe, Link, or directly used my credit card. Nothing bad has ever happened as a result. Any time I've had a dispute, I've been able to get a refund from my credit card company.

I also live in Canada. We have had "e-Transfer" since 2003, meaning I can securely email or text money to friends and family with no fees. So I don't need PayPal for that, either.

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

#75

Post by tokai »

skizm wrote: post #60
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…

I remember a long time ago on Reddit I saw a post saying (paraphrasing) "AMA: PayPal locked up $600,000 of my money because my video game is selling so quickly they think it is a scam." Turns out this was Notch selling early alpha versions of Minecraft off his personal website, which totally did look like a scam at the time.

With some of the promises Notch made back then it almost was a scam.

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

#77

Post by t-writescode »

anonzzzies wrote: post #69

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…

I use them pretty extensively. That way, whenever I need to rotate credit cards for whatever reason, I only need to update them in one location, rather than several.

Also, I’m using a single, common storage of credit card information, rather than needing to track 100s of different websites with potentially even more lax security.

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

#78

Post by slumberlust »

cj wrote: post #58
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…

I thought companies can't profit off of unclaimed/abandoned money. Was under the impression that funds like that eventually get handed over to whatever state agency is responsible for dealing with unclaimed property. (If so, the cause might just be incompetence rather than greed or malice - not that incompetence is any better than malice when it comes to handling people's money)

If there's no one enforcing said rules you most certainly can.

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

#79

Post by harry8 »

When people want to make the case that Silicon Valley is evil, corrupt, awful and opposed to the welfare of people so should be obliterated with prejudice: example 1 will be PayPal.

The poster child for “there Is not nearly enough regulation”

I don’t agree with that so I’ve got to work out why paypal is such a total disgrace.

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

#80

Post by nitwit005 »

cj wrote: post #58
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…

I thought companies can't profit off of unclaimed/abandoned money. Was under the impression that funds like that eventually get handed over to whatever state agency is responsible for dealing with unclaimed property. (If so, the cause might just be incompetence rather than greed or malice - not that incompetence is any better than malice when it comes to handling people's money)

They've faced a number of lawsuits for this, and paid out settlements. They are presumably not following the law.
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