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When I read about PayPal shutting down peoples' paypals asking for their IRS charity status, I couldn't believe it. Fraud should not have to be Paypal's busine
by lhnn 16y ago
When I read about PayPal shutting down peoples' paypals asking for their IRS charity status, I couldn't believe it.
Fraud should not have to be Paypal's business. If someone says they're a charity and they're not, and you give them money, it's your fault. PayPal should not be involved in that kind of trickery; PayPal should only assist the law in settling those issues.
Just like Craigslist only advises people on wire fraud, but doesn't get too involved, so should Paypal. They're simply a middleman.
- chrisbolt 16y agoIf someone says they're a charity and they're not, and you give them money, it's your fault. But you still go to your credit card company, dispute the charge, and get a chargeback. This chargeback hits PayPal with a $20+ fee, so of course they're going to be involved.
- brc 16y agoActually, if you read the 'Founders at Work' interview, PayPal sees itself as a fraud detection company who happens to process payments. It is all about detecting fraud. PayPal lived while others died because they figured fraud out, and came up with working solutions to limit it to the point where the fraudsters choose easier targets.
- lhnn 16y agoActually, if you read my assertion, you would know I didn't read Founders at Work. "Actually, in the 'Founders at Work' interview, ..." would have been less aggressive in tone.