• theskyisfalling@lemmy.dbzer0.com
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    10 months ago

    “Heavily integrated into eBay” except it isnt any more.

    Firstly the article is a year and a half old but although you can still use PayPal on eBay to say it is heavily integrated is bullshit. EBay started moving away from PayPal years ago and at this point have integrated their own systems linking to your bank account to take the place of what they used to use PayPal for.

    • Snapz@lemmy.worldOP
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      10 months ago

      PayPal was acquired by Ebay for 1.5 billion in stock. Group that benefitted from that transactionmost already included musk, thiel, etc. They are intrinsically tired together forever. You also see PayPal as an option for all transactions in eBay, the very recent addition of alternative options, after decades of socializing people on PayPal as the default option doesn’t change much.

      Imagine your side of this “argument” being the hill someone dies on… I sure hope you’re a bot, because otherwise you seem a pretty sad, confused human

      • Cid Vicious@sh.itjust.works
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        10 months ago

        You mention that PayPal was bought by eBay (in 2002) but not that it was spun off again in 2015. They’re separate companies. If anything, Venmo is a competitor of PayPal.

        • Snapz@lemmy.worldOP
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          10 months ago

          If anything, Venmo is a competitor of PayPal.

          PayPal… owns Venmo?

          Again, you are weird to spend energy defending semantics around this corporation… are you okay, bud? Temporarily embarrassed millionaire?

          • sugar_in_your_tea@sh.itjust.works
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            10 months ago

            Correcting misinformation isn’t defense of the entities involved. You can hate eBay (or any entity) and correct misinformation about them. There’s no conflict there.

        • frog_brawler@lemmy.world
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          10 months ago

          If anything, Venmo is a competitor of PayPal

          Yes, just like how Coke is a competitor to Diet Coke and Sprite.

  • Onno (VK6FLAB)@lemmy.radio
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    10 months ago

    This site provides absolutely no evidence of any of its claims and even includes the following little gem in the FAQ section on that page:

    Is PayPal Safe?

    Yes, all Paypal transactions are encrypted. Plus, it has two-factor authentication and fraud protection.

    Safe for its customers, or safe for PayPal?

    • Snapz@lemmy.worldOP
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      10 months ago

      The site was a quick roundup of info to link to. Post isn’t an endorsement of the site and doesn’t try to be, it’s an endorsement of the broader idea. I didn’t say to eat a bowl of horseshit and smile about it, I said PayPal owns Venmo and the implication is that a lot of decent people will stop using Paypal in protest and say, “I’ll just use Venmo instead”.

      So helping some of the younger folks realize that separation doesn’t exist in many large brands - a thing that a lot of us do know and consider, but don’t be so arrogant as to assume people aren’t learning these things every day.

    • Fermion@feddit.nl
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      10 months ago

      From wikipedia

      Zelle (/zɛl/) is a United States–based digital payments network run by a private financial services company owned by the banks Bank of America, Truist, Capital One, JPMorgan Chase, PNC Bank, U.S. Bank, and Wells Fargo.

      So PayPal does not seem to own an interest in Zelle, but the group of owners isn’t necessarily better than PayPal.

    • Snapz@lemmy.worldOP
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      10 months ago

      A group of different bad people behind Zelle. But maybe enough to stop supporting those few South African ghouls working to role America and then the would beyond. You’ll need to decide where your line is, but deleting PayPal account and uninstalling their apps is a start. Maybe you go to Zelle and use that while you research if there is something decent somewhere.

      Maybe it means going back to small credit unions? paper checks? Direct bank transfers with friends/family? Not sure what best alternatives is currently. Banking in general is just not really ever going to contain good people - maybe if we allow personal banking at the post office one day - but that’s a pipe dream as fascists are denying judges rulings and releasing January 6 criminals who tased a cop in the neck and admitted to it under oath.

    • f4f4f4f4f4f4f4f4@sopuli.xyz
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      10 months ago

      It’s an early specimen of “unregulated bank”, founded in part by Trump buddy Peter Thiel and merged with Elon Musk’s X.com in 2000.

      They have a history of locking accounts under false pretenses and seizing the money. It’s screwed over many a Kickstarter and Indiegogo. Early in Minecraft history, Notch lost access to over half a million dollars. They’ve failed to pay rewards in their software bug bounty program.

      Edit: The usual antics for Musk and friends for 20 years.

      Also, I checked my records. I’m biased (a word that the current US administration is erasing from all government documents) because of an early Amazon third-party seller plus PayPal experience; the item I was sent was wrong and 5% of the value of what I ordered. Returned sealed cheap item, seller wouldn’t refund. PayPal ruled in the seller’s favor and Amazon did not care because of third-party seller terms and conditions. A young person out a few hundred bucks doesn’t forget that.

      Braintree, Honey, Paydiant, Tradera, Xoom, and Zettle all owned by PayPal.

        • f4f4f4f4f4f4f4f4@sopuli.xyz
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          10 months ago

          Now you got me started on X… 😂 While true, Musk is no fool and bought such a simple and recognizable domain back from PayPal in 2017 for an undisclosed amount.

          He’s a successful businessman, no doubt. Problem is that billionaires are pulling up the ladders behind them as wealth inequality is increasing (power is concentrating).

          Twitter was well-known to be infested with bots when Musk purchased it. Turns out, that made it more valuable to someone rich who wants to sway elections…

          Shop local, use smaller local services (credit unions), drop services owned by or purchased by billionaires (Too busy ranting and I haven’t actually read this article yet 🤣)

          Decentralization, power to the people and not just the few, as the founding fathers intended. To our European viewers… He’s coming. (You know who. Not talking about Jesus who the churches have replaced with culture war nonsense.)

        • f4f4f4f4f4f4f4f4@sopuli.xyz
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          10 months ago

          Nah. News… Uh, in an adjacent saga, billionaire Kanye West is selling swastika t-shirts. So that’s where we’re at with these people…

    • Snapz@lemmy.worldOP
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      10 months ago

      Oh boy… Look up peter thiel, elon musk and david sacks to start - three stains on humanity working very actively to end it as we speak. They were the basin founding faces of PayPal (I mean, I think musk came on after the fact or was pushed out early or something, continuing the trend of him never actually creating anything). Currently they are alll very active in the trump admin - two with officially appointed positions, one in the shadows. Vance is also created by thiel. Look up that “Dark Gothic maga” video (musk’s stupid name) that’s been shared often recently.

      Then separately, PayPal owns Honey, and it turns out has been scamming millions, maybe billions away from online creators for years, probably some of your favorites included in that list. Active lawsuit ongoing - look up legal eagle’s video maybe as a start.

      All these billionaire fucks made their fortunes through Paypal and still likely hold stock and maybe board positions, can’t recall?

  • Petter1@lemm.ee
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    10 months ago

    With iOS app of paypal, you are forcefully giving honey as well, luckily, you can disable the safari plugin