News for hackers. Stuff that matters.
Re:PayPal’s updated acceptable use policy [pdf] by throwaway2037 on Monday October 03, 2022 @04:47AM (#33064957)
+9000. This is a ridiculously good post! I knew PP was a bad actor, but not this bad. This step: <<They have, or have had literally 90% of LU lawyers retained>> How did you discover it?

Luxembourg seems like an even shadier place than Switzerland for money laundering -- the "legal" kind. There is a stock exchange in Luxembourg that is used for all kinds of back door listings to avoid regulation in other jurisdictions. It is is /similar/ to money managers using Caribbean Islands (Cayman, BVI, etc.) for their business registration.

Re:PayPal’s updated acceptable use policy [pdf] by kweks on Monday October 03, 2022 @05:24AM (#33065169)
We discovered it first hand - we run Lab401. PayPal seized ~50k from us (check the first link in my original post).

It took us literally a month of calling LU law firms until we finally found one that didn't have ties to / being the tentacles of PayPal.

Re:PayPal’s updated acceptable use policy [pdf] by algo_trader on Monday October 03, 2022 @07:43AM (#33066101)
Can you give some clues about the alternative to PP?

Credit cards - yes you might lose 20% of your customers - but can u find a payment processor to handle your business?

EDIT: the story from your other comments is pretty hair raising!!

Re:PayPal’s updated acceptable use policy [pdf] by uselpa on Monday October 03, 2022 @06:34AM (#33065652)
LU is not shadier than other places, probably even less. But Paypal is shadier than other banks (like, a lot shadier).
Re:PayPal’s updated acceptable use policy [pdf] by throwaway2037 on Tuesday October 04, 2022 @03:33PM (#33085556)
You wrote: <<LU is not shadier than other places, probably even less.>>

I disagree with first hand experience. LU is a money laundering state, simliar to Switzerland, or akin to Ireland for dodging corporate taxes. The EU would be a better place if it removed/cancelled all of this shitty economic behaviour!

Re:PayPal’s updated acceptable use policy [pdf] by no_identd on Saturday October 08, 2022 @09:02AM (#33131966)
>I knew PP was a bad actor

Okay so before I say anything that ends up putting my foot in my mouth, lemme just check something real quick…

http://web.archive.org/web/20001018034024/http://paypalsucks... well, this won't work…

http://web.archive.org/web/20001206210200/http://paypalsucks... neither will this…

http://web.archive.org/web/20010215013627/http://paypalsucks... ah yes, roughly the first time it went online.

http://web.archive.org/web/20200707092456/http://paypalsucks... …aaand the last successful crawl before hosting expiration/domain reparking.

Well, I can now confidently say:

We've known that for literally decadeS.

Edit, in fact, come to think of it, that—almost certainly—means:

People've linked PayPalSucks.com in the comments on Slashdot _since before 9/11_.

NOT a criticism, more an observation.