We got banned from PayPal after 12 years of business

Re:We got banned from PayPal after 12 years of business by aerovistae on Thursday May 09, 2019 @09:39AM (#19868157)

I find this comment’s format profoundly confusing and have no idea what the intended meaning is. The first sentence is throwing me off so much.

[ Parent | on HN ]

Re:We got banned from PayPal after 12 years of business by dalore on Thursday May 09, 2019 @09:55AM (#19868295)

Don't keep your money in paypal, withdraw it to your bank account as soon as you can.

[ Parent | on HN ]

Re:We got banned from PayPal after 12 years of business by mcguire on Thursday May 09, 2019 @02:03PM (#19870576)

And don't let PayPal know what you are doing or they may cancel your account.

[ Parent | on HN ]

Re:We got banned from PayPal after 12 years of business by dalore on Friday May 10, 2019 @07:48AM (#19876855)

They provide a feature auto withdraw, but you have to ask support for it apparently.

[ Parent | on HN ]

Re:We got banned from PayPal after 12 years of business by novaleaf on Thursday May 09, 2019 @10:29AM (#19868588)

to generalize, you shouldn't keep your money in any 3rd party longer than necessary.

[ Parent | on HN ]

Re:We got banned from PayPal after 12 years of business by koolba on Thursday May 09, 2019 @12:23PM (#19869647)

To be more specific, you should not keep your money at a 3rd party with more control over your money than necessary for longer than necessary.

Giving PayPal an interest free loan and control over you balances rather than sweeping them into a (potentially interest bearing) account controlled by you is one example of this.

Another is having a second account at a different bank that you sweep money from the first one. That second bank account should be set up to reject automated ACH withdrawals so that you can push money into it but PayPal, your payroll company, your bill payers, or even other companies that ACH payments to you cannot withdraw from your account without your permission.

[ Parent | on HN ]

Re:We got banned from PayPal after 12 years of business by mehrdadn on Thursday May 09, 2019 @02:56PM (#19871082)

> That second bank account should be set up to reject automated ACH withdrawals

This is a thing? How do you do this?

[ Parent | on HN ]

Re:We got banned from PayPal after 12 years of business by BurningFrog on Thursday May 09, 2019 @11:37AM (#19869215)

Is a bank a 3rd party in this argument?

[ Parent | on HN ]

Re:We got banned from PayPal after 12 years of business by gscott on Thursday May 09, 2019 @12:01PM (#19869420)

Yes. You should have more then one bank in case they lock your account for some random reason.

[ Parent | on HN ]

Re:We got banned from PayPal after 12 years of business by novaleaf on Thursday May 09, 2019 @01:56PM (#19870510)

no, but you shouldn't keep your money in a bank either. Put it in an investment vehicle to at least break even with inflation.

the 3rd parties I'm referring to are things like work marketplaces like upwork, even gift cards or undeposited checks.

[ Parent | on HN ]

Re:We got banned from PayPal after 12 years of business by AstralStorm on Thursday May 09, 2019 @01:05PM (#19870036)

The most potent 3rd party is typically vindication and government laws giving it superpowers. They have more power over your money than banks.

[ Parent | on HN ]

Re:We got banned from PayPal after 12 years of business by commoner on Thursday May 09, 2019 @07:20PM (#19873482)

The comment is in the format of the "Nobody:" meme, which can be unintuitive and isn't well-suited for a forum like HN:

https://knowyourmeme.com/memes/nobody

The first line ("Literally NO ONE wrote the below:") introduces a hot take.

https://www.merriam-webster.com/words-at-play/origin-and-mea...

[ Parent | on HN ]

Re:We got banned from PayPal after 12 years of business by stronglikedan on Thursday May 09, 2019 @09:41AM (#19868165)

English is likely not their native tongue.

[ Parent | on HN ]

Re:We got banned from PayPal after 12 years of business by HenryBemis on Thursday May 09, 2019 @10:39AM (#19868679)

True, and was in a rush, apologies for any confusion

[ Parent | on HN ]

Re:We got banned from PayPal after 12 years of business by TrustAndSafety on Thursday May 09, 2019 @10:49AM (#19868784)

>> literally NO ONE wrote

> The first sentence is throwing me off so much

I didn't go to check because the mystery is more intriguing, but if the OOP's username is NO ONE, then maybe NO ONE literally did write that?

[ Parent | on HN ]