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Started By
Message
How damaging is PayPal issue regarding fines for disinformation?
Posted on 10/8/22 at 7:24 pm
Posted on 10/8/22 at 7:24 pm
Unsure if I am just in an echo chamber or they are going to see material drop in user/revenue
19
Posted on 10/8/22 at 7:38 pm to thelawnwranglers
If Venmo follows suit, I will legit move platforms again with renters.
Posted on 10/8/22 at 8:01 pm to thelawnwranglers
I’m not sure how this helps them increase business? I certainly see how this will push many people to stop using them.
So I really don’t see their play from a business perspective, which ultimately means it’s either political or will cost them financially.
So I really don’t see their play from a business perspective, which ultimately means it’s either political or will cost them financially.
Posted on 10/8/22 at 8:25 pm to baldona
To be honest and maybe I’m naive but I see the courts destroying this rather quickly.
This post was edited on 10/8/22 at 8:27 pm
Posted on 10/8/22 at 8:42 pm to thelawnwranglers
Nvm I see.
This post was edited on 10/8/22 at 8:47 pm
Posted on 10/8/22 at 9:03 pm to LSU5508
quote:
To be honest and maybe I’m naive but I see the courts destroying this rather quickly.
They are already back peddling just unclear if fast enough
If you don't want my business fine but you are a quasi bank act like it if you want access to my accounts
Posted on 10/8/22 at 11:58 pm to thelawnwranglers
They already felt a HUGE hit which is why they’ve had to not only retract the policy but issue an apology.
I think the deed is already done though.
I think the deed is already done though.
Posted on 10/9/22 at 8:05 am to Zzyzx
Depends on how many customers they lose. They didn't walk the policy back over a few thousand. The blow back had to have really took their breath away. That and that they have cemented their place in the thought police category will have many hesitant to sign up in the future. Not to mention this just gave Competitors an avenue to further cut into their business.
Posted on 10/9/22 at 8:19 am to thelawnwranglers
quote:
“An AUP notice recently went out in error that included incorrect information. PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy. Our teams are working to correct our policy pages. We’re sorry for the confusion this has caused,”
Yeah right
Posted on 10/9/22 at 8:19 am to MrJimBeam
quote:
If Venmo follows suit, I will legit move platforms again with renters.
Paypal owns Venmo.
"PayPal owns Venmo. Indeed, since 2002, PayPal has acquired several brands. In 2013, as PayPal bought Braintree indirectly, it also bought Venmo. Braintree acquired Venmo in 2012 for $26.2 million. Therefore, by 2013, Venmo entered into the PayPal family of brands comprising payment solutions like Braintree, Venmo, Xoom, and iZettle products."
Posted on 10/9/22 at 9:42 am to Wraytex
quote:
The blow back had to have really took their breath away.
Seems like it
Would love to know impact
Posted on 10/9/22 at 9:50 am to thelawnwranglers
Me too, but you can count on whatever numbers they release to be "misinformation"
Posted on 10/9/22 at 10:12 am to thelawnwranglers
All of yall knocking crypto for not having a use case need to take notice. Decentralization.
Posted on 10/9/22 at 10:29 am to BottomlandBrew
What are the alternatives to PayPal out there?
Posted on 10/9/22 at 10:40 am to BottomlandBrew
quote:
BottomlandBrew
Sadly I don't understand crypto enough
But use case will I be able to use it to buy goods when the 4th Reich freezes my accounts
Posted on 10/9/22 at 10:46 am to thelawnwranglers
Could PayPal run into liquidity issues if alot of people pull money
The act as a bank wonder if they have correct reserves
The act as a bank wonder if they have correct reserves
Posted on 10/9/22 at 11:04 am to thelawnwranglers
quote:
Could PayPal run into liquidity issues if alot of people pull money
The act as a bank wonder if they have correct reserves
Posted on 10/9/22 at 11:04 am to thelawnwranglers
(no message)
This post was edited on 10/9/22 at 11:12 am
Posted on 10/9/22 at 11:07 am to thelawnwranglers
I'm out of the loop - what's this in reference to?
Posted on 10/9/22 at 11:14 am to BigOrangeVols
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