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I have been using PayPal off and on since 2012 for 2 main reasons.
1 - Convenience, I didn't have to enter a credit card every time I purchased from a site other than usual trusted sites where I store my payment information, like Amazon, and sending payments to friends/family was simple.
2 - Peace of mind.
I recently found that the assumption of (2) was wrong, so I fired PayPal. I don't want to get into the details. Beyond being therapeutic, it won't really make life better moving forward.
That brings me to the question, since I have fired PayPal, I am sure that someone will want to send me, or more likely, have me send them money. Before I go out and research the providers on my own, I thought I would come here. What do Soylentils suggest for peer to peer payments?
(Score: 3, Insightful) by SuperCharlie on Thursday December 01 2016, @07:27PM
I have used Paypal since around 2006-7 or so. I use it personally and for my business. It would seem you would need to be able to send people money and to receive money from people..2 completely different issues. To send money, you will need the other person to interact with whatever solution you find. They will resist because no one knows of (insert nifty solution here). Pain. To take money is a lot easier. There are a jillion merchant accounts and services you can api and connect to and receive money, many with some simple forms or such. So the answer to sending people money is basically getting them to trust something besides paypal to create an account, hook it up to bank, yada. Gonna be a tough one to get a lot of people to swallow Im afraid..
(Score: 2) by Grishnakh on Thursday December 01 2016, @08:02PM
I've been using Paypal for probably at least as long, probably more like 15 years. I keep hearing people complain about it, but all the cases I look into seem to involve people doing something a little shady. The main problems I've had with Paypal are just their site being terribly slow and also buggy at times.
(Score: 3, Informative) by HiThere on Thursday December 01 2016, @08:18PM
Not just shady things. They also freeze accounts for political reasons. And probably some for reasons that aren't made public. (The guy freezing the account just broke up the the holder of the account, e.g.)
How frequent this is I couldn't say, but it's frequent enough that I decided to never do business with them. OTOH, I also don't have any major bank account linked to my credit card. And I NEVER do e-banking.
Javascript is what you use to allow unknown third parties to run software you have no idea about on your computer.
(Score: 0) by Anonymous Coward on Thursday December 01 2016, @09:23PM
Why the fuck is it even legal for them to arbitrarily freeze accounts? I'm pretty sure even banks are subject to more regulations than that.
(Score: 0) by Anonymous Coward on Thursday December 01 2016, @10:19PM
Because PayPal isn't a bank. Without regulations against it, you are pretty much stuck with whatever terms you agreed to in their TOS.
(Score: 0) by Anonymous Coward on Friday December 02 2016, @01:56AM
Which demonstrates how screwed up the situation is, because it's not as if Paypal is some obscure service that almost no one uses; they are a dominant player. Regulators have had plenty of time to regulate PayPal's behavior.
(Score: 2) by SuperCharlie on Friday December 02 2016, @03:29PM
This has been my experience as well. Also, I dont see paypal as a bank. I dont think it is the correct solution for major money movement. If you need to give or get more than a few thousand a month then a serious bank solution is necessary. Paypal does have rules about holding money for sales and large transaction amounts and I think people are surprised when they hit them and havent really read the TOS..