this post was submitted on 11 Feb 2025
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I can easily avoid every company owned by PayPal.
And use what? Mastercard? Visa? Your local bank institute?
All are deep into shit of gambling our money (financial speculation) for profit.
I don't care if companies speculate or if they make a profit.
Well...I don't see any interests arriving on my end. At best maybe 0.25%
Meanwhile 2nd yacht or whatever.
You can get much better rates if you are willing to lock your savings in for at least few months. Short term treasury bonds are 4-5% right now.
And if I don't like Visa or MasterCard, I can use Discover or American Express. In fact, I don't like MasterCard (got caught sharing data with Google), so I switched to other cards (probably just as bad, but it's about sending a message).
I wish I could say the same, I use PayPal very frequently because my credit union doesn’t support debit-visa. With PayPal I can make payments with my bank online rather than use my cc.
Ah that's interesting, all the banks around me stopped issuing ATM cards and only issue debit cards nowadays. I wish I wasn't required to have a debit card with those banks - I purposely tell my banks to disable debit/POS features on the debit card so it is only functional at ATMs.
All that aside you should consider getting a credit card or a prepaid credit card for those types of transactions. It's safer to separate your bank account from your day-to-day payments/shopping, not great when someone gets access to your debit card which then gives them direct access to your bank account balance. At least with a credit card those situations are just a dispute that never affect your actual money in the bank.