2 comments

  1. www.washingtonpost.com/news/get-there/wp/2016/09/30/how-electronic-payments-are-finally-speeding-up/?hpid=hp_hp-cards_hp-card-business%3Ahomepage%2Fcard

    “Starting next year, most consumers with money in their Venmo or PayPal accounts will be able to instantly move that cash to their bank accounts.”

    Now that *IS* worrying. Lets all get more involved with un-regulated companies like paypal acting as our cash gateway…

    When you get kicked off paypals little empire, yor screwed buying off ebay for starters. What about the vast amounts of people being kicked off paypal every day ?

    “As a valued customer we want to help you make the most of your PayPal account. We prefer that you don’t need to wait for an answer, so we’ve replied with this automatic message.”

    Then have a problem and its..

    “We regret to inform you that we cannot overturn the limitation on your account”
    “As a result, your account has been permanently limited and this cannot be
    appealed.”

    So what about all those people who can no longer use paypal ? Your basically not going to exist in the new paypal world empire. Imagine that if the banks decided you can’t use them any longer, cant use cheques, credit cards, day to day banking… paypal is pretty much there.. acting like a bank, with its paypal credit cards and payment terminals.

    Isn’t anyone else worried about how all this is “un-folding” ??

  2. “PayPal, which owns Venmo, announced this summer that it would partner with Visa and Mastercard to make the faster cash-outs possible for customers with a Visa or Mastercard debit card.”

    So get black listed off paypal, and then I assume your on a bad credit list with Visa & Mastercard aswell if paypal are teaming up… Opens up a whole new backdoor of getting banned isn’t it…

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