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PayPal Predicts the End of the Wallet By 2015
BogenDorpher writes "As new technology emerges, one can safely assume that the days of carrying a wallet will soon end. In fact, PayPal believes that by the year 2015, no one will be carrying a wallet anymore. Instead, mobile payment methods will be taking over."
It's a good thing I use a money clip then. I will never have anything to do with Paypal, in fact I no longer buy anything on ebay becouse everything seems to be Paypal only.
Star Trek, there maybe hope.
"Not until ...... they are certified as a bank,"
Rejoice then.
"Commencing July 2, 2007, as PayPal (Europe) S.à r.l. & Cie, S.C.A., PayPal moved its European operations from the UK to Luxembourg. As a Luxembourg entity, it is since regulated as a bank by the Commission de Surveillance du Secteur Financier (CSSF) and provides PayPal service throughout the European Union."
http://en.wikipedia.org/wiki/PayPal#Bank_status
Actually you got burned by the other buyer/seller. I've used paypal for 3 years now to accept payment from clients for independent web programming. I only do business with people I trust and never had any clients attempt to charge back from me. So for me paypal has been fine, the have never been a problem at all. //I also use the paypal debit card, and not put the money into my bank so paypal can't hold payments from my bank, just from my attempted ATM withdrawls I guess, though they have never done so.
If you use a little bank instead of a mega bank? Then yes they are.
I use my debit online often simply because I have a great bank and don't have to worry, because if anyone overcharges or double dips I just walk in and go "Hey Karen guess what? Somebody double dipped when I bought a part online" and she'll go "Ooooh don't you just hate that? My husband bought some tools online last month and that tried that, that's so irritating! Here just let me bring this up...is it this one where there is two back to back? Okay just let me type this...voila! your money is back where it belongs!" and I thank Karen and go on about my way.
So yeah you can find trustworthy banks out there, it just takes a little more work. I can't use ATMs in most places without paying the fee since my bank is a little local shop, but having hassle free banking with friendly folks is worth it to me. It is also nice to go into a bank and have them know you by name and ask about your family, and treat you like a person instead of a walking cash register.
As for TFA after getting burnt by Paypal if I had to trade in goats heads and cheese instead of money to keep from doing business with that bunch of scammers I would. every person I've talked to has been burnt at least once by them and got basically told "We got paid so fuck right off" and promptly ignored. Not if they were the last source of money on earth and were giving away hookers and blow with each new account.
ACs don't waste your time replying, your posts are never seen by me.
I agree, I have used PayPal exactly 1 time. I honestly wish I had not. At the end of the day it proved to be a $700+ lesson.
The fraud protection is a fraud...
I am sure that people use PayPal all day long and never have a problem, but if the party on the other end of the payment is not legit forget about your money, your better off with a credit card at least then you can dispute the charges and get some results.
That's only in Europe. They still aren't a bank in the USA, as the article you linked points out.
same thing happened to me. their arbitrator sided with the seller who sold counterfeit and defective dvds to me, and whose account had been disabled by ebay. but they sided with the seller. burden of proof was on me to find an industry expert to certify that the dvds i received was actually counterfeit. they just didn't want to return my money because they knew they would not get it from the seller. that's paypal's fraud protection -- to themselves.
I'm not sure if you were being sarcastic or not, but I can honestly say that I quite regularly use cars for non-transportation purposes. To me, a car is also a generator and a climate controlled environment. My line of work takes me to various locations which don't have any shelter or electricity, so the car becomes a mobile office for all intents and purposes.
--- "When you're strange"
You haven't been to Europe have you? It's a place where debit and credit cards and not accepted at every corner store for purchasing a mars bar. Even here in Australia many stores won't let you use a payment system which requires commission such as a credit card without a minimum purchase, and even for large purchases will charge a surcharge for Amex or DinersClub. I typically carry around $100 in my wallet. My cousin in Europe carries around 600euro and this is considered normal.