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This is sort of frightening. Paypal has a recent history of locking people out of their own accounts as they layer upon layer of draconian "security" measures.
by goodweeds 15y ago
This is sort of frightening. Paypal has a recent history of locking people out of their own accounts as they layer upon layer of draconian "security" measures. These "security" measures seem designed to gather as much personal information as possible, and to restrict access to your funds as frequently as possible. I log into Paypal about four times per year, and each time its a frustrating tangle of new user agreements, forced requirements to add new security questions, and ridiculous restrictions. For example, when I decided I was going to move to a mobile phone-free life, Paypal decided they would force me to verify my account via SMS, but they cannot send SMS to google voice, so I spent 10 hours over four days to get access to my account.
Paypal is less trustworthy than Facebook or the federal government.
- zerostar07 15y agoI don't think there's a more trustworthy contender nowadays (definitely not facebook). Many of their requirements for new terms and compliance are due to state regulations, especially here in the EU. For me, the fact that they require verification through official documents makes me trust them more, not less.
- goodweeds 15y agoThat's sort of the problem. Paypal is acting more and more like a bank, yet they're investing millions in lobbyists to make sure they don't become a bank, legally. If they were a bank they would be accountable and would fall under all of the rules and regulations that banks must follow, and they wouldn't be abe to withhold funds from their customers so readily.
- bluelu 15y agoThey are a bank here in Luxembourg. Part of this that they have to know their customers. They can't allow someone without proper ID verification to collect a few hundred thousands of dollars through simply providing an email account and a name.
- zerostar07 15y agoI was just gonna say that. Paypal Europe is a registered bank based in Luxembourg, and subject to all kinds of bank regulations.
- movingahead 15y agoIts ok that they require verification through official documents but PayPal is known for locking people out of their accounts even after they have submitted these verification proofs. The Resolution Center is a farce. I have uploaded many different documents, but it keeps showing me the same verification problem. This has gone on for over an year now. PayPal is not important to me and so I can just ignore this problem. I don't even the worst bank here, in India, keeping people out of their accounts in such a way.
- zerostar07 15y agoDid you contact them? They will usually tell you what 's wrong with the documents . True, paypal is extremely understaffed compared to most banks.