17 lines
2.4 KiB
Markdown
17 lines
2.4 KiB
Markdown
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1. Paypal is a **privacy** abuser:
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1. PayPal shares customers' data with [600 companies](https://www.schneier.com/blog/archives/2018/03/the_600_compani.html)
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1. PayPal goes overboard on the KYC, blocking accounts on KYC grounds when enough info is known to legally service an account. This is an needless assault on privacy.
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1. Paypal is detrimental to civil liberties:
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1. PayPal has a history [littered](https://en.wikipedia.org/wiki/PayPal#Criticism) with power-abusing payment blockades that are often politically motivated to benefit right-wing agendas. E.g.:
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1. PayPal [blocked Iraq War resisters](https://en.wikipedia.org/wiki/PayPal#Criticism).
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1. PayPal [blocked Wikileaks](https://www.forbes.com/sites/andygreenberg/2010/12/07/visa-mastercard-move-to-choke-wikileaks).
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1. PayPal [blocked](https://www.economist.com/europe/2015/05/13/boris-nemtsovs-parting-shot) an account intended to raise money for the distribution of Boris Nemtsov's report "Putin. War", which details Russia's intervention in Ukraine.
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1. Paypal's greed cheats people out of money they're entitled to:
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1. PayPal [declined](https://www.pcworld.com/article/2039940/paypal-denies-teenager-reward-for-finding-website-bug.html) to pay a reward offered in its [Bug Bounty Program](https://hackerone.com/paypal) to a 17-year-old German student who had reported a cross-site scripting flaw on its site.
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1. PayPal is often reported to simply take customers' money or deny them access as they [arbitrarily freeze](https://www.globes.co.il/news/article.aspx?did=1000998078) the accounts of [many people](https://mywifequitherjob.com/why-paypal-freezes-or-limits-accounts-and-how-to-prevent-this-from-happening-to-you).
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1. Paypal is detrimental to consumer rights:
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1. Hundreds of consumers complain about PayPal annually on the [Consumer Affairs website](https://www.consumeraffairs.com/online/paypal_02.html). By 2016, there were over 1200 complaints.
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1. Staff becomes unreachable and website becomes inoperable when trying to [unfreeze](https://mirasee.com/blog/paypal) accounts.
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1. PayPal algorithmically uses money laundering triggers that are so arbitrary that PayPal's customer service [don't know themselves](https://www.computerweekly.com/blog/Cliff-Sarans-Enterprise-blog/PayPal-money-laundering-nonsense) why accounts get frozen.
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1. PayPal neglects to adhere to banking regulations by [claiming](https://www.cnet.com/news/feds-paypal-not-a-bank) PayPal is not a bank.
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