wtf is goin on with paypal
stealing people's money and holding it in reserve? heard multiple cases or this. how can PayPal think this will be good for business...? would like to hear from PayPal folks
Stripe is the best
Been using PayPal for years, never any issues.
as a user or business?
As a business, I know new businesses they do put some restrictions on until they know you are actually delivering what you say, and they do have a wait on swipe transactions without the chip. Other than that have never lost a dime, and gave always had immediate access to my money.
ms buy pay
paypal is fucked.
PayPal is bound by strict regulations on not allowing risky transactions. Anybody can create a PayPal account easily and start funding terrorist, money laundering etc. Opening a bank account isn't as easy as opening PayPal account. This makes it really hard for PayPal, so to be on the safe side it has to monitor the behaviors and immediately hold full or a percentage of the transactions, to avoid charge back loss. Every payments company has to, but since PayPal has millions of merchants, the number is high, and the number of risky transactions are high. There are several use cases for these kind of transactions, and we have Risk and Compliance as a while org to work on this. Letting even 1 transaction that's not compliant with OFAC etc, can lead to huge penalties for PayPal. The several complaints you see online might be legit, but if their business grow 300% in a month, and they run away, and next month if the customers goes for a charge back, it's PayPal who has to take the loss. Can't do that. Also, the regulations are different in different countries, so you might hear different cases. That's the reason not many companies have been able to succeed as much as PayPal has done so far. Maybe someone will do it soon enough. Risk and Compliance folks can add more to this.
I used to work in risk and compliance and you guys are fucking retarded for punishing high growth companies for being...high growth. you should have more extensive review and flexible controls to mitigate fallout from automated reserve holds that can cripple a growing business. you are not only killing their business but yours as well
I don't think you got the point. A growing business doesn't always mean fraud. Like I mentioned earlier, PayPal is always at risk of getting charge backs and if the company is unable to pay, it's PayPals loss
Coz stripe is good that will gain ground and sign is amazon deal
my startup is thinking about using PayPal...should we not?
Yeah don’t use PayPal