Yet another reason why paypal sucks

[Not So Wise]

Something Awful/Paypal fiasco


And a little extra something....damn wish i had hosts like this

[AtW]

There is as much wrong with Paypal as there is with Windows -- it may not be perfect, but due to dominant position you have to use it (as target platform).

[Lucifer Box]

For a couple of years, The Economist (amongst others) has been pushing for PayPal to be required to register as a bank in the UK and become subject to the same controls and regulations as a bank. As one of their leader writers said, "if it looks like a bank and behaves like a bank, it's a bank".

[ASB]

For a couple of years, The Economist (amongst others) has been pushing for PayPal to be required to register as a bank in the UK and become subject to the same controls and regulations as a bank. As one of their leader writers said, "if it looks like a bank and behaves like a bank, it's a bank".

Paypal is authorised and regulated in the UK by the FSA as an "electronic money institution". Rather less than a bank but a start.

[sparklelard]

I sold a Cornet on ebay then used Paypal for payment.

It took Paypal nearly three weeks to clear the purchasers funds.

[IR35 Avoider]

On the other hand...

If you are setting up a web-site and want to take payments, including credit card payments, including realtime payments, you can get everything you need (information, help, sample code) for Paypal and be up and running within a few hours/days. For free. For developers it is the easy option.

[G8_Summit]

I sold a Cornet on ebay then used Paypal for payment.

It took Paypal nearly three weeks to clear the purchasers funds.

Shurely the ice-cream would have melted by then.



I'll get me coat.

[4Contractors]

Paypal is awful and expensive but for a small website operation it is still the best method of taking credit card payments. This doesn't say much for the other options available