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(Salon)   PayPal about to be shut down in Louisiana   ( divider line
    More: PSA  
•       •       •

8078 clicks; posted to Main » on 12 Feb 2002 at 8:52 PM (15 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

44 Comments     (+0 »)
2002-02-12 08:54:17 PM  
Oh dear god, I hope this doesn't become a nationwide trend.
2002-02-12 08:56:16 PM  
How am I gonna buy my crawdad's?
2002-02-12 08:56:28 PM  
hmm i always knew paypal was satan himself.. hmm is that a complete sentence?
2002-02-12 08:56:41 PM  
2002-02-12 08:56:47 PM  
Uh...darn? I don't like PayPal taking their "pound of flesh" so I use money orders instead.
2002-02-12 08:57:50 PM  
Drew is in Louisiana.
Paypal about to be shut down in La.

is there a connection?
2002-02-12 08:58:22 PM  
Kind of liked paypal, was very convenient.
2002-02-12 08:58:51 PM  
Someone needs to shut these crooks down. They freeze accounts with out notice, slap penalties on accounts with explanation or justification, they are unresponsive regarding repetitive fraud accounts. Until there are some interstate internet fraud laws and someone to enforce them buying anything on the net from an out of state vendor is like russian roulette.
2002-02-12 08:59:44 PM  
02-12-02 08:58:51 PM Archfeld
Someone needs to shut these crooks down. They freeze accounts with out notice, slap penalties on accounts with explanation or justification, they are unresponsive regarding repetitive fraud accounts. Until there are some interstate internet fraud laws and someone to enforce them buying anything on the net from an out of state vendor is like russian roulette.

Oh come on...eBay isn't THAT bad!
2002-02-12 08:59:48 PM  
okay that was supposed to read "without explanation...."
2002-02-12 09:00:40 PM  
PayPal has gotten really bad.. they won't even let me close my own account, and want me to send them nothing short of a DNA sample.
2002-02-12 09:01:43 PM  
buying anything on the net from an out of state vendor is like russian roulette

Think global, shop local
2002-02-12 09:04:03 PM  
I have used Ebay for three years(100+ transactions) with no problems.Just use the feedback as a guide.
2002-02-12 09:06:27 PM  
I've had only positive results from using PayPal. Like many, I used this service to transfer money during transactions for auctions on eBay. Of all my transactions, only one was as a seller and the amount of the transfer did not incur a commission (three hundred and change). I used the service a month ago to purchase a router. I guess I am one of the lucky ones who have never had a problem.
2002-02-12 09:07:26 PM  
I don't think it's ebay that's the problem here, it's the crooks at PayPal, who like Archfeld pointed out, needlessly lock down accounts and assign fees, and like Ouroborus said, take their pound of flesh. It was great for awhile, but money orders are the way to go.
2002-02-12 09:08:13 PM  
PayPal = transfers money to Something Awful. Hence, Paypal = evil bastards.
2002-02-12 09:08:29 PM  
I told my self to stay strong when the terrorism hit today, but I can't help but feel a little dead inside.
2002-02-12 09:11:31 PM  
EBAY and PAYPAL is all about stupid shipping and handling charges and this charge and that charge.....YUCK
2002-02-12 09:11:46 PM  
It's Louisiana. Who cares?
2002-02-12 09:20:25 PM  
I've been using PayPal for over a year now with no problems whatsoever. Trust the state of Louisiana to screw up a good thing.
2002-02-12 09:22:00 PM  
I hate paypal and I hope they go to hell and suffer eternal pain and suffering.


that is of course if there is a hell.. if not, i'm just going to feed them all anti-freeze.
2002-02-12 09:23:08 PM  
Optimus: I also haven't had any problems on the "Pay" end of understanding of the issue (and it's mighty slim...) is that the problems are all on the SELLER end of things. There was a great site Farked a few months ago that had horror stories of PayPal freezing accounts because of "concerns of fraud" and not re-opening them until they were threatened with litigation. I think one guy took them to small claims court since then they couldn't send a lawyer...his account was thawed mighty quick.
2002-02-12 09:26:51 PM  
I wish I knew who to contact about that... my account is frozen because of "suspected fraud" even though I've offered to call them and tell them whatever they want.

I sent an email saying it wouldn't let add a bank account to start unfreezing, to which they responded. "Go add a bank account and we'll help you". I replied that I farking couldn't, and they sent the same response. Insert infinite loop.

If anyone has had a similar experience and knows how to hit them where it hurts (aside from the BBB, already reported) or a pump shottie, then by all means, let me know.
2002-02-12 09:29:25 PM  
Bison: Thanks for the info. I do remember an episode of CyberCrime where they reported on problems with PayPal. It aslo seemed to concentrate on the side of the seller. Obviously, PayPal has some problems on that end. I would hope that they will remedy this situation so as not to tarnish their name too much. *shrugs*
2002-02-12 09:56:16 PM,23008,3370214,00.html
2002-02-12 10:02:49 PM  
Oh, no! Fark camwhores will have to settle for just gifts, not money!
2002-02-12 10:07:35 PM  
As of Sept. 30, the company had $138.6 million in the bank and its losses have been steadily diminishing over the past year.

Um. That's "profitable" in dot-com-lingo isn't it?
2002-02-12 10:22:09 PM  
Labberdasher: profitable? Heck, they're a star performer!

It figures that the most crooked state in the union would shut a business down for not having a license. Edwin Edwards' legacy will live on for several more decades - all PayPal has to do is slip a few grand to those "regulators" and they'll forget where they put the paperwork. Business as usual.
2002-02-12 10:23:49 PM  
Incidentally, as a former Louisiana resident of over 22 years, I am legally and morally obligated to talk smack about the state.
2002-02-12 10:27:27 PM  
Expect this kind of stuff to keep happening Farkers -- the big banks want their part of the internet transaction market, and they don't like the little guy coming in an one-upping them.

I know Citibank and others want to enter this market -- but their methods are way more intrusive and time consuming. So what better way to shut down Pay-Pal then getting people to license them to death.

2002-02-12 10:48:46 PM  
They probably just forgot the pay off to our state government.

Yeah, I can say that, I'm a resident. Forgive me.
2002-02-12 10:52:50 PM  
I once sent my brother an e-mail containing the words "Paypal" and "pipebomb". He works at Nabisco and their filter rejected my e-mail because it it contained the banned word "Paypal".

Apparently pipebombs are OK at Nabisco!?!?!?
2002-02-12 11:17:50 PM  
I recommend transferring all your money out of your PayPal accounts and over to your bank accounts. I'm sweeping my PayPal account weekly now.
2002-02-12 11:18:18 PM  
>>>> Archfeld: .... Until there are some interstate internet fraud laws and someone to enforce them buying anything on the net from an out of state vendor is like russian roulette.

Wrong, wrong, wrong. Been in business for over 4 years on the Internet and have not been majorly burned yet (mainly just over-enthusiastic condition-descriptions by newbie booksellers). There are already laws in place that can be used; no special new ones are required.

It's over-the-top, unsupported statements like this that get customers nervous about buying on the Internet. So unless you can SUPPORT statements like that, why don't you keep it zipped?
2002-02-12 11:21:32 PM  
I am an occasional seller on eBay, and I accept PayPal as payment. They really don't take a whole lot in commissions, and I find that my auctions get more bids when I accept it, so I actually end up making more money. What I like is that I can be paid- and can pay- instantly. No waiting for the post office to get a money order to me from BFE. I have my money quicker, the purchaser gets the item quicker. and vice- versa. I have looked at the "paypal warning" web site, and have come to the conclusion that it is mainly someone with sour grapes. Yes, paypal has probably done some goofy things. Most companies do. However, My experience has generally been good.
2002-02-12 11:26:01 PM  
My Paypal account was hacked and someone took $800 out of it.. Paypal hasnt even replied to my pleas.. They deserve to DIEEEE!!
2002-02-13 01:13:06 AM  



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2002-02-13 01:23:39 AM  
I think that paypal is basically a banking service. What they should do is just give in and agree to be classified as a bank. Paypal even has advantages over a traditional bank in that money rarely ever completely leaves the system, meaning that they have use of that money almost indefinitely. They're just being greedy right now with their pound of flesh crap.
2002-02-13 01:36:00 AM  
I think Paypal is a great way to pay for an auction, but I wouldn't leave any money in a Paypal account.
2002-02-13 04:11:05 AM  
I've had a PayPal account for a long time and have used it to give money to Fark and get donations for one of my web sites. I've never had the slightest problem with it.
2002-02-13 04:32:34 AM  
I too have not had any problems with paypal. I think they're great, but these stories concern me.

I use Paypal to sell shareware. Sure, they take .30 on every transaction... But the SHAREWARE business I also use takes $3 from every transaction!

I use that shareware business only because many people don't want to use Paypal, because they have to sign up for an account before they cna buy something and then paypal wants to verify it and it confuses them. I alos have to then send them the software. The shareware business is just pay by credit card and they get immediate downloads. So while the cost is a bit steep, that's what I'm forced to go with.

But I still use paypal for a lot of stuff I can't sell through this distributor and I've never had a problem with any transactions.
2002-02-13 08:23:42 AM  
Die Paypal, Die.
2002-02-13 08:58:20 AM  
I've had no problems with PayPal as a buyer. Hmmm. I wonder how much money PayPal makes from ACH while I'm waiting the 3+ days for bank transfers to happen? On the other hand, given their offering of money market returns on funds kept with PayPal, I'd have to agree that they're some sort of banking institution. Where's the company based?
2002-02-13 07:30:05 PM  
Summary: Paypal offers cool service for small fee, state governments want a cut.
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