(written by Lawrence Krubner, however indented passages are often quotes)
I just did a search on Google for “PayPal forums”. I wanted to find their developer forums. However, the first site that comes up is “PayPal Sucks“. If I was PayPal, I would be trying to my developer forum up to the #1 spot.
This reminds me that I need to get Codewi.se free of PayPal. PayPal is simply too risky.
SourceMy name is Lawrence Krubner. I run WP Questions .
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October 24, 2010
3:01 pm
By Richard
Hi Lawrence – What makes you say Paypal is just too risky?
Thanks
Richard
October 25, 2010
7:49 pm
By lawrence
Richard,
There are a lot of rumors about PayPal. I assume that many of those rumors are untrue. However, some of the stories I’ve heard, especially on Hacker News, sound credible. Also, I’ve had my own negative experience with PayPal – back in 2001 they froze my account for several weeks. They never gave me a reason for freezing the account, save for a vague statement about “suspicious activity”. I’m aware of the fact that they could freeze that account again. I’m still using that account, and in fact, that account is currently handling all of the transactions for Codewi.se. So all of the Codewi.se sites could get shut down, if PayPal declared the account “suspicious.”
If PayPal were to shut the account right now, the situation would be especially bad, since 90% of the money in the account is not mine – rather, the money belongs to the askers and the answerers on the various sites.
Codewi.se needs to move towards getting a merchant account with a bank that will not suddenly, and without warning, shut down an account, and with it a business.
In that sense, I regard PayPal as risky. It’s risky to build a whole business around them. It’s time for me to move to the kind of account that will ensure a certain amount of security for myself and our customers.
October 26, 2010
2:27 pm
By lawrence
This makes a good point:
December 9, 2010
6:13 pm
By Adam Roberts
Paypal are thieves. They froze my account and refused to give me the £760 they were holding for me. I sued them and the day before we were due in court they paid me and sent a grovelling apology and some nonsense excuse about suspicious activity. My solicitor read the terms and conditions and advised me that any seller would be crazy to do business with them. If you sell an item and accept payment via these clowns the buyer can say he never received it and paypal will refund the money from your account. They need to be closed down.
December 9, 2010
6:28 pm
By lawrence
Adam, thanks for sharing your story. I have heard a lot of similar stories about PayPal. I agree it is a bad idea to depend on them.
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