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PayPal is my first choice and if I go to check out on your store and you don't have PayPal as an option, the chances I abandon my cart if I don't have my wallet
by pc86 3y ago
PayPal is my first choice and if I go to check out on your store and you don't have PayPal as an option, the chances I abandon my cart if I don't have my wallet just went up exponentially. I use it as a buffer between me and the provider. Everything goes through a credit card so I still get the points/miles I would get entering the card directly. Except now they don't have a credit card token they can keep charging forever. They have a PayPal token that I can log into PayPal and immediately revoke, asynchronously, without involving the merchant or my credit card at all.
I don't need to worry about my details still being with that merchant. I don't have to worry about the merchant's convolution and likely-illegal cancellation process. The only negative I can think of is that any dispute has to go through PayPal, and while I've never done it I would bet money they are going to be skewed more in the merchant's favor than the credit card company. But that being said I have had fully legitimate chargebacks (as in not "I want a refund and they said no" but "this is a fraudulent charge I never agreed to") get denied and reversed by Discover so that's not a 100% certainty either.
I never receive money through PayPal so while I've read all the same horror stories everyone else has, that doesn't seem likely to affect me. My biggest gripe is the full-screen advertisement for whatever service they're pushing every time you log in on the website.
- upon_drumhead 3y agoPrivacy[.]com replaced my PayPal usage pretty much completely. Virtual credit cards tied to individual merchants with limits.
- pc86 3y agoAnd tied to a direct back account, requiring you to use cash and lose any CC benefits. I use Privacy for things I know I only want to charge once (e.g. $1 trials or things of that nature) but not being able to charge a CC with Privacy is a bit blocker most of the time.
- upon_drumhead 3y agoSure, but I don’t get rewards with PayPal, so it’s a non issue? Or you are saying it’s not worth reducing your usage of PayPal unless you get rewards?
- pc86 3y agoI'm saying I get rewards when I use PayPal (because everything ends up on a credit card anyway with added privacy/control benefits compared to using the card directly), so a solution where I don't get those rewards ends up being second-class. I also haven't had issues with PayPal that [many] others have, so there could certainly be a scenario where that changes.