PayPal Denies Twitch Troll $50,000 Worth In Refunds (ubergizmo.com)

An anonymous reader writes: Trolling is commonplace on the internet. On Twitch, one of the many ways people troll Twitch streamers is by making donations, only to get a refund from PayPal at the very last minute, thus tricking streamers into thinking they've been given large sums of money. A troll by the name of iNexus_Ninja has been doing exactly this. However, when he tried to go to PayPal to refund the charges, PayPal decided to deny his request which ultimately left the troll $50,000 in debt. Twitch streamers apparently fought against his request for a refund and won. Meanwhile, Russia is paying state-sponsored trolls, elevating the troll to the level of professional propagandists.

Comments

Re:PayPal does something for their 'vendors'?

[Anonymous Coward]

One of the many reasons I'm not using PayPal is because they thrive of these refunds and using any excuse possible to lock large sums of money in their system. Obviously they continue claiming they're "not a bank" and therefore don't have to follow any of the rules that any other merchant account needs to. With a little bit of looking around you can find cheaper options to PayPal, even solid merchant accounts for credit card processing.

In Europe paypal is regulated like a real bank. So they can't do their usual shenanigans.
They still suck, but they suck less than if I were using them from the US of A.

Re: PayPal does something for their 'vendors'?

[dunkelfalke]

In the EU Paypal is, in fact, a bank and has been a bank for years. They have acquired a banking licence in Luxembourg after EU decided that they either have to be a bank or to stop providing their services.