kinttachJun 22, 2024

I’ve been locked out of PayPal for years because of their mistake

https://lemm.ee/post/35276654

I’ve been locked out of PayPal for years because of their mistake - lemm.ee

About 3 or 4 years ago PayPal added the option to buy cryptocurrency, which I thought I’d try. (Dumb idea 🙄) Part of the sign up process was glitched. I retried and clicked submit one too many times, I guess. Now I’ve been unable to use PayPal for years. They blocked me because THEIR SITE was broken, but the web page essentially accuses me of being a criminal and asks for my bank records. No way in hell. This was just for me to pay others. I can only imagine how awful PayPal is if you are a vendor. Fuck PayPal.

Show threadMeatsOfRageJun 23, 2024
I haven’t used PayPal in over 10 years. Why don’t you just leave the service?
Show threadaccideathJun 23, 2024
Because it’s convenient for paying online (one login instead of having to search my debit card and also, if I got scammed, there’d be another layer of protection for me) and it’s convenient for sending money to friends when we order pizza together or sth like that. What’s the alternative?
Show threadrobiganJun 23, 2024
Bitcoin? Ether?
Show threadaccideathJun 23, 2024
Really? Crypto? For one, I know almost no online shop that takes crypto, almost no person I’d send money to has crypto and I don’t want to own crypto either since it’s rather unstable…
Show threadshortwavesurferJun 23, 2024
Price Crypto at the one-year simple moving average, and the volatility stops. I personally use crypto all the time and make my budget using the one-year simple moving average and it completely eliminates the issue with the volatility because that average takes a very long time to move.
Show threadaccideathJun 23, 2024
Still, I don’t know any non-shady online shop that takes crypto.
Show threadshortwavesurferJun 23, 2024
Gratuitas.org sells premium grade coffee for Monero. You can also look at monerica.com. There are absolutely tons of legitimate businesses that accept crypto. Actually, when it comes right down to it, it makes a whole lot of sense to accept crypto because the transaction fees are so damn low that businesses save a ton of money over credit card transactions.
Show threadaccideathJun 23, 2024
But why should I base my shopping habits around a currency/platform when I could just use one that almost everyone takes. When I want to order off a random online shop, I do not want to think about whether they’ll even take the money I have.
Show threadshortwavesurferJun 23, 2024

Fair enough, I’ll be the first to admit that it takes work in order to use it. I’ll give two reasons. One is a monetary, and one is not.

Reason 1: If we are right, and 15 years of data shows we at least have a point, then you would be an early adopter and very likely end up very wealthy.

Reason 2: You can buy anything from anyone, anywhere, in the world at any time without permission. And it’s guaranteed to be irreversible in 20 minutes.

Show threadahornsirupJun 23, 2024

it’s guaranteed to be irreversible in 20 minutes

How is that a good thing? I want to be able to chargeback if I don’t get what I ordered.

Show threadshortwavesurfer
That’s what multi-signature escrow is for. You deposit money into an account and you have one key. The vendor has one key and a third key is given to an arbitrator and at least two keys must sign the transaction in order for it to be completed. If the vendor sends you your product and you are happy with it, you sign the transaction and the vendor signs the transaction and the vendor gets the money. If the vendor does not send you what you ordered, you talk to the arbitrator and the arbitrator listens to your case and the vendor’s case and makes a decision.
Jun 23, 2024 at 11:15amWeb