this post was submitted on 23 Dec 2024
1039 points (97.0% liked)
Technology
60108 readers
3310 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
PayPal is not customer friendly, they also straight up steal funds by locking your account
Yeah, it's wild how close PayPal came to killing Minecraft early on by locking all of Notch's money as soon as MC started to take off.
PayPal is not a bank. Your funds are NOT FDIC insured, no matter what their docs say.
In certain countries they fall under quasi-bank regulations eg. "PayPal Australia Pty Ltd (PayPal) is a limited Authorised Deposit-Taking Institution (ADI) with authority to provide purchased payment facilities (PPFs)."
That gives some measure of protection on how they handle your funds, but holy shit I would not keep any money in a PayPal account for any longer than absolutely necessary. I use it as a convenient intermediary between my actual card and sellers, no more than that.
PayPal is a class corpo parasite. They tax us
What to expect from the Musky one and the Vampire?
Yep, happened to me. They're evil. They own Venmo too btw.
So glad that eBay (as greedy as they are) started handling transactions instead of everyone using PayPal.