this post was submitted on 21 May 2024
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She sold her bathwater — PayPal took her profits (www.theverge.com)
submitted 1 year ago by misk@sopuli.xyz to c/business@lemmy.world
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[–] Potatos_are_not_friends@lemmy.world 51 points 1 year ago (4 children)

PayPal has a history of acting like a bank and withholding money from businesses if they don't like it (as well as keep the money).

Literally stories from 2010 telling people to stop using PayPal for e-commerce for that reason.

Pro: they are great for consumers.

My own personal beef with PayPal was when I sold a game console and the buyer paid using PayPal, then try to do a chargeback after receiving it. PayPal ignored my evidence and when I filed a police report and started a small claims court procedure, they relented. Which is kinda nice honestly if you're into scamming.

[–] Speculater@lemmy.world 15 points 1 year ago (1 children)

Same experience as a buyer, they're awesome, when I sold an iPhone they straight up let the dude do a charge back, even though I had proof of shipping and delivery. I guess I was supposed to drive there and snap a picture of the customer receiving the product?

[–] Retrograde@lemmy.world 1 points 1 year ago

The big yikes

[–] mihnt@lemmy.ca 12 points 1 year ago

Literally stories from 2010 telling people to stop using PayPal for e-commerce for that reason.

They've been doing this crap for much longer than that. They did it to me in early 2k.

[–] CptEnder@lemmy.world 4 points 1 year ago

Yeah they tried something similar with my venmo. Live in NYC and run a local gaming community that regularly meets up in person. So we often do catering and run up large tabs. I paid for it all myself and my guildies just venmo'd me. Got flagged for running an illegal business because they'd send me like $2k each time we'd meetup. Luckily immediately yoinked that money to my private bank before they could freeze it and keep it. They got $0 lmao skill issue.

[–] snausagesinablanket@lemmy.world 38 points 1 year ago

Fuck Paypal and Venmo which PayPal owns too.

[–] Delphia@lemmy.world 32 points 1 year ago* (last edited 1 year ago)

During covid I used to play the horses with the father in law, I got a tip and put $100 on it, it won and I got $1500. When I tried to take my money out of my betting app into Paypal they froze my account, despite me putting $50 a week through them into the betting app apparently me receiving money back was cause to investigate me for fraud. It was literally impossible to find an Australian phone number to call someone and their helpdesk was quite clearly a chatbot. I got my money 3 months later.

And that was the last time I ever used Paypal to recieve money.

[–] ladicius@lemmy.world 29 points 1 year ago (1 children)

They simply keep your money. A business model developed by the mob.

[–] applepie@kbin.social 5 points 1 year ago

key lesson here is that possession is 9/10th of the law and that money is not really yours unless it is in cash form. even that it is technically property of the US Treasury that you are permitted to you use. The catch they can't stop you from using cash.. for now ;)

[–] iAvicenna@lemmy.world 17 points 1 year ago* (last edited 1 year ago) (1 children)

"Not only did I not earn any money selling my bath water"

This (half a) sentence is fucking surreal

[–] IDew@lemm.ee 6 points 1 year ago* (last edited 1 year ago)

Fuck PayPal. Been donating money to creators and projects on a monthly base. Then made a single donation of like 10 bucks and they suspended my account until I provided ID or other sensitive information. And I simply just never logged back in again.

Got a credit card to replace PayPal (which charge less lmao) and cannot complain so far.

[–] applepie@kbin.social 3 points 1 year ago

Don't use low quality money changers!