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Interesting. For me, it's the opposite. I think of PayPal as evil, deceptive (think of the currecy conversion opt-out mechanism) and how many content creators g
by purerandomness 7y ago
Interesting. For me, it's the opposite. I think of PayPal as evil, deceptive (think of the currecy conversion opt-out mechanism) and how many content creators got hurt by PayPal freezig their accounts.
I'm relieved when I see a company found another way and doesn't make me use PayPal when paying.
- Trias11 7y agoConsumers love PayPal because it’s more friendly to buyer (than to seller). Thus supporting PayPal is beneficial to vendor. For vendor it makes sense to exercise caution: not leaving large balance on PayPal account, attach only intermediary bank account to PayPal to prevent PayPal tapping into your funds at will and have reserved accept payment method in case PayPal gets awry on you
- omnimus 7y agoThey push conversion so hard. If you sell something in eur/usd while your origin country uses different currency paypal will allow you to send money only to bank account of that currency and country you are based in. They say it is required by law. Of course when you make the transfer they inform you that that bank account is not in eur/usd and that they have converted it for you. And their conversion rates were like 4% worse than my banks which is about 4% worse than something like transferwise/revolut. Cutting down ~8% thats after paypal fees is not fun. I switched.