I've heard of PayPal freezing accounts for arbitrary reasons and refusing to allow people to access their funds. But PayPal administers millions of accounts, and if they just skimmed a few cents or even dollars from accounts by some algorithm so as to minimize their risk of exposure while bringing in the most amount of stolen money... How would we know any better?
I have a small trickle of money that comes into my PayPal account from day to day. Lately, I've noticed that the numbers associated with my recent transactions (including deposits minus the seller fees that PayPal charges) are significantly off from my balance, and I send my money to my bank account fairly regularly. So there is not that much room for errors of multiple dollars here, especially when ALL of the funds coming and going from this account are documented on the very same damned page.
Example: Let's say I transfer all my funds to my bank account and start over at $0 in my PayPal account. Then let's say I get the following deposits: $10, $5, and $20. Pretty obviously, my balance in this case SHOULD be $35. Instead, as I recently noticed in a similar situation, I had about $22. No additional expenditures that would show why any more money should be leaving the account. No explanation as to why the numbers might differ.
Nothing. Oh, and also, they are CONSTANTLY sending out emails updating their terms of agreement, and recently "upgraded" me to some other type of account without asking me.
(And PayPal is owned and operated by.....)
Am I the only one experiencing this?
view the rest of the comments →
[–] bb22 [S] 1 point -1 points 0 points (+0|-1) ago
It's hard to find large online markets that integrate those payment systems. Not to mention resigning yourself to those is resigning the amount of total business you'll ever be able to do just because of how many people don't know anything about that stuff. As usual, criminals have the monopoly and it doesn't look like anyone's even trying to hold them accountable for anything.
[–] toobaditworks 0 points 1 point 1 point (+1|-0) ago (edited ago)
Yeah amazon and others need to allow it but for now there are ways around it but it's up to the buyer to use it.
https://paywithmoon.com/
https://www.bitrefill.com/
Otherwise it's as simple as saying: Here's my btc address and people send money to it on your own website.
Essentially new tech will built on top of the old tech (already happening) and eventually the new tech will replace the old tech. This is what is happening. It doesn't happen over night but it will happen. Moon is an example of this. We have a long way to go but when it happens it will seem like it happened in a blink of an eye.
I bet a lot of people on voat remember VHS tapes. Nobody thought those VHS stores would go out of business and people would just stream videos online. It's coming.