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Forget insurance, paypal terminates accounts on a whim. I've not logged into my PayPal account in at least a year but got a termination notice for policy viola
by vezycash 3y ago
Forget insurance, paypal terminates accounts on a whim.
I've not logged into my PayPal account in at least a year but got a termination notice for policy violation.
That's the real threat.
- LinuxBender 3y agoAdding to that their plans to engage in fining people for "misinformation" [1][2] They back-peddled but I would not be surprised to see them take another stab at it. [1] - https://www.forbes.com/sites/emilymason/2022/10/27/after-paypal-revokes-controversial-misinformation-policy-major-concerns-remain-over-2500-fine/ https://www.forbes.com/sites/emilymason/2022/10/27/after-pay... [2] - https://jolt.law.harvard.edu/digest/paypals-misinformation-fine-sparks-backlash https://jolt.law.harvard.edu/digest/paypals-misinformation-f...
- tifik 3y agoI would put "misinformation" into quotes, because iirc the policy was written so vaguely that it basically allowed them to fine you for whatever they disagreed with.
- LinuxBender 3y agoAgreed, I should have caught that. [Fixed] That is one of the reasons I terminated my account of 20 years without hesitation.
- ajkdhcb2 3y agoIsnt that what misinformation always means?
- wizzwizz4 3y agoNo. Some organisations go to great lengths to try to narrow down what counts as "misinformation". But it's tricky: the campaigns they're trying to protect against are usually politically-motivated, and international regional politics is a fast-changing field, and any policy you put in place will be immediately gamed. It's like SEO, but with more lying.
- vwcx 3y agoAnd it's been the threat for 20 years. Wayback Machine (May 23, 2003): https://web.archive.org/web/20030523125359/http://paypalsucks.com/ https://web.archive.org/web/20030523125359/http://paypalsuck...
- AH4oFVbPT4f8 3y agoThey also like to suspend funds when they want or when it benefits them.
- pavlov 3y agoThis is their entire business model. The service they offer is predicated on aggressive fraud detection with lots of false positives. Don’t use PayPal if this doesn’t sound appealing.
- zamalek 3y agoI have heard this has happened so many times that I'm curious they consider terminated accounts as a source of revenue.
- xp84 3y agoYup, and all because they are (and always have been) “not a bank” — just a tech company that you deposit your money into, who makes loans and investments with that money, and provides services to help you move that money around. It’s completely different, see?
- 14zadz 3y agoMeanwhile I’ve been trying to get them to close my account for over a year after they allowed fraud to occur and still tried to make me pay up even though my credit card deemed it fraud as well.