General > General Technical Chat
Yet another PayPal rant... this time, it's terminal
Larryc001:
PayPal’s biggest concern is obviously fraud. That is why they have so many fussy restrictions. I remember reading the whole story years ago, but I haven’t been able to find it again. I do remember them saying that before they started implementing fraud control programs they were losing 2 million dollars a day. The document I did find tells some of the story.
https://fin.plaid.com/articles/paypals-history-of-fighting-fraud/
DiTBho:
So what's the alternative?
Google-Pay?
Apple-Pay?
Yandex-Pay?
...?
Halcyon:
--- Quote from: Larryc001 on December 02, 2020, 10:23:20 pm ---PayPal’s biggest concern is obviously fraud. That is why they have so many fussy restrictions.
--- End quote ---
Sure, I can understand that. But why accept payments into someone's account, but then hold them "ransom" before they can do anything with it. I would prefer payments to bounce.
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