3 ms·

I thought it was common knowledge at this point that there is this risk using PayPal and it was generally not recommended for anything but hobby use. PayPal ha

I thought it was common knowledge at this point that there is this risk using PayPal and it was generally not recommended for anything but hobby use. PayPal has been seen using several jurisdictions, eg. Luxembourg, France, Germany. When maltreated customer try to sue and get their funds back, they will ping-pong people around in different orgs across these jurisdictions. In the end you would need several very persistent lawyers across several jurisdictions, which is more expensive than loosing 100.000 EUR. (There is a specific case on this that was shared on HN some time back).

dewey 3y ago
Paypal only being for hobby projects is a bit of an exaggeration if you see almost every e-commerce store at least in Germany supporting it.
- madsbuch 3y ago
  Many people do risky stuff against recommendations. And yes, I am aware that PayPal is particularly popular in Germany.
  - dewey 3y ago
    Every third party integration a company relies on is risky, I just take an issue with spreading FUD and calling a probably top 5 by market share payment provider only fit for hobby projects. If you are searching for Stripe or any bank you'll find an equal amount of horror stories which are of course always louder than the millions of accounts and transactions that go on without an issue.
    - drcongo 3y ago
      It's not FUD if it's true. The fact that it's popular in Germany doesn't mean that they don't randomly shut down people's accounts and access to their funds. PayPal has a long and storied history of doing this.
      - dewey 3y ago
        Search for any other payment processor and you‘ll find similar stories. These services very often work on a „block first, ask questions later“ basis. Search for „Stripe blocked“: - https://news.ycombinator.com/item?id=30705500 https://news.ycombinator.com/item?id=30705500 „TELL HN: Stripe STOLE OUR $159k“ - https://news.ycombinator.com/item?id=36967159 https://news.ycombinator.com/item?id=36967159 „Stripe is no longer a suitable payment processor“ - https://news.ycombinator.com/item?id=34614844 https://news.ycombinator.com/item?id=34614844 „Stripe Holding my money for 120 days“ - etc.
        madsbuch 3y ago
        Well, I wouldn't recommend for using Stripe for anything but hobby projects either. Unless you have an account manager at Stripe. My guess is that OpenAI will do just fine using Stripe.
        justinclift 3y ago
        PayPal has an outstandingly bad reputation though, in a different (much worse) class to the others.
    - madsbuch 3y ago
      What I am hearing you are saying is that you can not recommend against big brands? I am currently looking for a new monitor, and according to your sentiment, all negative reviews of, eg., a Phillips monitor would be spreading FUD?

dewey 3y ago

Paypal only being for hobby projects is a bit of an exaggeration if you see almost every e-commerce store at least in Germany supporting it.

madsbuch 3y ago
Many people do risky stuff against recommendations. And yes, I am aware that PayPal is particularly popular in Germany.
- dewey 3y ago
  Every third party integration a company relies on is risky, I just take an issue with spreading FUD and calling a probably top 5 by market share payment provider only fit for hobby projects. If you are searching for Stripe or any bank you'll find an equal amount of horror stories which are of course always louder than the millions of accounts and transactions that go on without an issue.
  - drcongo 3y ago
    It's not FUD if it's true. The fact that it's popular in Germany doesn't mean that they don't randomly shut down people's accounts and access to their funds. PayPal has a long and storied history of doing this.
    - dewey 3y ago
      Search for any other payment processor and you‘ll find similar stories. These services very often work on a „block first, ask questions later“ basis. Search for „Stripe blocked“: - https://news.ycombinator.com/item?id=30705500 https://news.ycombinator.com/item?id=30705500 „TELL HN: Stripe STOLE OUR $159k“ - https://news.ycombinator.com/item?id=36967159 https://news.ycombinator.com/item?id=36967159 „Stripe is no longer a suitable payment processor“ - https://news.ycombinator.com/item?id=34614844 https://news.ycombinator.com/item?id=34614844 „Stripe Holding my money for 120 days“ - etc.
      - madsbuch 3y ago
        Well, I wouldn't recommend for using Stripe for anything but hobby projects either. Unless you have an account manager at Stripe. My guess is that OpenAI will do just fine using Stripe.
      - justinclift 3y ago
        PayPal has an outstandingly bad reputation though, in a different (much worse) class to the others.
  - madsbuch 3y ago
    What I am hearing you are saying is that you can not recommend against big brands? I am currently looking for a new monitor, and according to your sentiment, all negative reviews of, eg., a Phillips monitor would be spreading FUD?