3 ms·

Thos is interesting to me, as I haven't used PayPal for at least a decade. What would the scenario be where you would use PayPal rather than just purchasing so

Thos is interesting to me, as I haven't used PayPal for at least a decade. What would the scenario be where you would use PayPal rather than just purchasing something? I remember in the 2000's we had to use PayPal because of eBay but since that hasn't been a thing for a long time I not sure why anyone would use it. I can only assume that the US has a slightly different rule with regards to their banking that means that some people can't use their card to make a payment? Or do you have merchants that only accept payments via PayPal?

dpig_ 3y ago
BNPL with PayPal in 4 is one reason. Another reason might be encapsulating your payment info?
- happymellon 3y ago
  > BNPL with PayPal in 4 TIL PayPal offered a BNPL option, although it is apparently 3 rather than 4 here. > Another reason might be encapsulating your payment info? Do CNP transactions not require you to authorise via a second factor in the US? I know that if I buy anything online any debit or credit card would require me to access the bank app to authenticate the transaction to prevent fraud. Encapsulation would reduce the security since I'm relying on PayPal to do this, at best they would match the existing bank verification.
  - zinekeller 3y ago
    > Do CNP transactions not require you to authorise via a second factor in the US? Do we even need to ask this question when cards there are still using signature-only verification (or even sometimes not even asking for signature nor PIN)? In all seriousness, they're dragging their feet in implementing 3DS2, do not have a rule like PSD2, and from time to time will even accept cards with nearly everything wrong except for card number and expiration. Even Stripe literally has an article titled "Charge succeeded despite CVC or ZIP check mismatch" (https://support.stripe.com/questions/charge-succeeded-despite-cvc-or-zip-check-mismatch https://support.stripe.com/questions/charge-succeeded-despit...) for merchants in other countries because that's how lax US banks are.
    - happymellon 3y ago
      That's insane. Although last time I was in the US I was told by stores that they didn't support contactless payments. I tapped anyway and it went through, after they tried to grab my card out of my hand to swipe it. Yeah, that's not going to work. Swiping is disabled except on a case by case basis, and grabbing my card out of my hard isn't going to get my custom.
      - zinekeller 3y ago
        > I tapped anyway and it went through, after they tried to grab my card out of my hand to swipe it. I'm gonna guess since that I don't know the full details, but some merchants' POS and payment terminal are not connected. The swiping is intended for the POS machine to retrieve the card details (like your name and the last 4 digits of your card*) to be printed on your receipt. Good luck on them in the near future when a tourist pays with an European-issued card (which in 2025 will allow banks in Europe to issue cards without the magstripe at all). * For purposes outside of direct payment processing (like recordkeeping), PCI standards only allow the first six digits (which was the Bank Identification Number/Institution Identification Number, but now BIN/IIN are now at least eight digits long) and the last four digits of PAN (primary account number, formal name of that 16ish-digit card number) while US federal law only allow to store the last five digits of PAN. This results in US merchants (in theory) only storing the last four digits of the PAN.
NoZebra120vClip 3y ago
I use PayPal everywhere that I can, because it is safer and more convenient. It is safer because I only give the merchant my PayPal account address. I don't need to put any credit cards on file at every merchant. When I go to checkout, I authenticate with PayPal, and they process the payment on my behalf with very little friction. Usually, with PayPal on file, I don't even need to authenticate again. It's more convenient, because when I configure the PayPal method, I can tell PayPal which backend to use, and I can keep it or switch it on every checkout. No additional configuration for my merchant. PayPal also tracks and consolidates my recurring payments in the dashboard. I can easily see, at a glance, who is charging me next month or next year, and one button to cancel. While it's not a bank, and caveats apply, PayPal has matured into a full-featured financial services company, so payment processing is only the beginning.
- blibble 3y ago
  > It is safer because I only give the merchant my PayPal account address. I don't need to put any credit cards on file at every merchant in almost all countries you're not liable for transactions on a credit card made without your authorisation
  - NoZebra120vClip 3y ago
    I don't care, and I don't see what difference that makes. I make most payments with debit cards, which means the money is already drained from bank account by the time I notice. Whether or not I am liable, I've lost the money until the bank goes and gets it back for me. You seem to be saying that being the victim of fraud is OK as long as it's not my fault. I'd rather not be the victim of fraud at all. Do you see how that works? If I were mugged and beat up on the street, but I got all my cash and ID back and a new replacement phone, would you say that was as good as avoiding the mugging entirely?
    - blibble 3y ago
      > You seem to be saying that being the victim of fraud is OK as long as it's not my fault. I'd rather not be the victim of fraud at all. Do you see how that works? I said nothing of the sort credit card companies want you to use your card without you having a first thought (let alone a second one) this is one of the main selling points of their product they don't want you to have to wrap their product in another company's product to make it usable > If I were mugged and beat up on the street, but I got all my cash and ID back and a new replacement phone, would you say that was as good as avoiding the mugging entirely? a credit card has strong legal force behind it (because it's not your money) debit card+paypal has significantly weaker legal protection, at least in the UK (where paypal aren't even a bank) in case of a dispute I'd rather have the backing of the law rather than being at the mercy of paypal's customer service department
MerelyMortal 3y ago
Some merchants will cancel my orders because it trips their fraud filters. Those same merchants will allow my orders when the only change is that I pay with PayPal rather than my credit card.

dpig_ 3y ago

BNPL with PayPal in 4 is one reason. Another reason might be encapsulating your payment info?

happymellon 3y ago
> BNPL with PayPal in 4 TIL PayPal offered a BNPL option, although it is apparently 3 rather than 4 here. > Another reason might be encapsulating your payment info? Do CNP transactions not require you to authorise via a second factor in the US? I know that if I buy anything online any debit or credit card would require me to access the bank app to authenticate the transaction to prevent fraud. Encapsulation would reduce the security since I'm relying on PayPal to do this, at best they would match the existing bank verification.
- zinekeller 3y ago
  > Do CNP transactions not require you to authorise via a second factor in the US? Do we even need to ask this question when cards there are still using signature-only verification (or even sometimes not even asking for signature nor PIN)? In all seriousness, they're dragging their feet in implementing 3DS2, do not have a rule like PSD2, and from time to time will even accept cards with nearly everything wrong except for card number and expiration. Even Stripe literally has an article titled "Charge succeeded despite CVC or ZIP check mismatch" (https://support.stripe.com/questions/charge-succeeded-despite-cvc-or-zip-check-mismatch https://support.stripe.com/questions/charge-succeeded-despit...) for merchants in other countries because that's how lax US banks are.
  - happymellon 3y ago
    That's insane. Although last time I was in the US I was told by stores that they didn't support contactless payments. I tapped anyway and it went through, after they tried to grab my card out of my hand to swipe it. Yeah, that's not going to work. Swiping is disabled except on a case by case basis, and grabbing my card out of my hard isn't going to get my custom.
    - zinekeller 3y ago
      > I tapped anyway and it went through, after they tried to grab my card out of my hand to swipe it. I'm gonna guess since that I don't know the full details, but some merchants' POS and payment terminal are not connected. The swiping is intended for the POS machine to retrieve the card details (like your name and the last 4 digits of your card*) to be printed on your receipt. Good luck on them in the near future when a tourist pays with an European-issued card (which in 2025 will allow banks in Europe to issue cards without the magstripe at all). * For purposes outside of direct payment processing (like recordkeeping), PCI standards only allow the first six digits (which was the Bank Identification Number/Institution Identification Number, but now BIN/IIN are now at least eight digits long) and the last four digits of PAN (primary account number, formal name of that 16ish-digit card number) while US federal law only allow to store the last five digits of PAN. This results in US merchants (in theory) only storing the last four digits of the PAN.

NoZebra120vClip 3y ago

I use PayPal everywhere that I can, because it is safer and more convenient. It is safer because I only give the merchant my PayPal account address. I don't need to put any credit cards on file at every merchant. When I go to checkout, I authenticate with PayPal, and they process the payment on my behalf with very little friction. Usually, with PayPal on file, I don't even need to authenticate again. It's more convenient, because when I configure the PayPal method, I can tell PayPal which backend to use, and I can keep it or switch it on every checkout. No additional configuration for my merchant. PayPal also tracks and consolidates my recurring payments in the dashboard. I can easily see, at a glance, who is charging me next month or next year, and one button to cancel. While it's not a bank, and caveats apply, PayPal has matured into a full-featured financial services company, so payment processing is only the beginning.

blibble 3y ago
> It is safer because I only give the merchant my PayPal account address. I don't need to put any credit cards on file at every merchant in almost all countries you're not liable for transactions on a credit card made without your authorisation
- NoZebra120vClip 3y ago
  I don't care, and I don't see what difference that makes. I make most payments with debit cards, which means the money is already drained from bank account by the time I notice. Whether or not I am liable, I've lost the money until the bank goes and gets it back for me. You seem to be saying that being the victim of fraud is OK as long as it's not my fault. I'd rather not be the victim of fraud at all. Do you see how that works? If I were mugged and beat up on the street, but I got all my cash and ID back and a new replacement phone, would you say that was as good as avoiding the mugging entirely?
  - blibble 3y ago
    > You seem to be saying that being the victim of fraud is OK as long as it's not my fault. I'd rather not be the victim of fraud at all. Do you see how that works? I said nothing of the sort credit card companies want you to use your card without you having a first thought (let alone a second one) this is one of the main selling points of their product they don't want you to have to wrap their product in another company's product to make it usable > If I were mugged and beat up on the street, but I got all my cash and ID back and a new replacement phone, would you say that was as good as avoiding the mugging entirely? a credit card has strong legal force behind it (because it's not your money) debit card+paypal has significantly weaker legal protection, at least in the UK (where paypal aren't even a bank) in case of a dispute I'd rather have the backing of the law rather than being at the mercy of paypal's customer service department

MerelyMortal 3y ago

Some merchants will cancel my orders because it trips their fraud filters. Those same merchants will allow my orders when the only change is that I pay with PayPal rather than my credit card.