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Yet another PayPal rant... this time, it's terminal

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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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