Paypal Grinds To A Halt
BillBrasky writes "After a 'Monthly Software Update', it appears that PayPal started having problems. There were reports all weekend of troubles, and as of Monday night here, I can't access it at all (connection time out). One user even reported that his PayPal Debit card was getting refused!" A message on the site now says the site is expected to be back at 8:10 PM PDT, not long from now.
from the msnbc article:
"When folks go to use their PayPal debit cards, the payment is rejected, but the charge actually goes through and PayPal is deducting the amount from their account"
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Though a lot of posts on here are along the lines of "see...haha...paypal is not a bank!!" I for one am grateful that it isn't.
There are a lot of people, for a variety of reasons, who have been screwed out of getting a bank account from a regular bank. Because of negative reporting on chex systems, they can't get a regular checking account at all.
In tandem with a savings account (which you *can* sometimes get even with a bad chexsystems report) and a paypal account, you have essentially the same services of a checking account.
I for one got screwed by my bank (5/3rd) after fraud hit my account and they refused to take responsibility for some items. Thanks to paypal I still can have checking account like abilities until I sue my bank.