Exactly – we can't expect banks to pay when their customers get themselves scammed. I think the solution is escrow. I am biased, because I work for an escrow company, but I've never seen a more effective approach. Hold…
I work for a company that helps a lot of PayPal refugees. We hear these stories all the time. In many cases people know exactly why they were banned, but it's amazing how often they have no clue (like OP). Apparently…
Yep this is true. I work in online escrow. It's basically the original "smart contract", and until we are able to reliably digitize purchase events it's hard to beat. I have friends who talk about smart contracts, not…
The problem with Zelle is that it's not safe to use for anything except payments to friends and family. The Zelle user agreement [1] puts this warning in all-caps: "YOU SHOULD NOT USE THE ZELLE® SERVICE TO SEND MONEY TO…
I work in "online payments for guns" and it's amazing how many innocent people get banned by PayPal over guns. I talk to at least one per week. In almost every case, these people simply weren't aware that PayPal…
Exactly – we can't expect banks to pay when their customers get themselves scammed. I think the solution is escrow. I am biased, because I work for an escrow company, but I've never seen a more effective approach. Hold…
I work for a company that helps a lot of PayPal refugees. We hear these stories all the time. In many cases people know exactly why they were banned, but it's amazing how often they have no clue (like OP). Apparently…
Yep this is true. I work in online escrow. It's basically the original "smart contract", and until we are able to reliably digitize purchase events it's hard to beat. I have friends who talk about smart contracts, not…
The problem with Zelle is that it's not safe to use for anything except payments to friends and family. The Zelle user agreement [1] puts this warning in all-caps: "YOU SHOULD NOT USE THE ZELLE® SERVICE TO SEND MONEY TO…
I work in "online payments for guns" and it's amazing how many innocent people get banned by PayPal over guns. I talk to at least one per week. In almost every case, these people simply weren't aware that PayPal…