You might want to think twice before you find another crowdfunding project with your PayPal account. Starting on June 25th, PayPal is updating its User Agreement to remove Purchase Protection on crowdfunding projects, which means dissatisfied Kickstarter and Indiegogo contributors will no longer be able to dispute charges.
Just when we thought that Netflix is about to lose the first fight against VPN service providers that help international users access any Netflix movie catalog (especially the U.S. one), we learn that the popular streaming service is getting some unexpected help from another popular online service: PayPal.
The payments company announced that it’s cutting off payments support for VPN sites on copyright infringement concerns. That means you can’t pay with your PayPal account for the VPN service you need to unblock Netflix USA content.
It also means you can’t pay with PayPal for VPN services regardless of what the purpose of VPN use is. More →
Think you’ve secured your PayPal account so that hackers can’t hijack it and steal money from your bank account? Well, guess again, as there are ways of getting into your account and PayPal doesn’t appear to have the means or policies to stop them.
Well known cybersecurity expert Brian Krebs says he discovered these flaws after his own account was broken into twice on Christmas Eve, even after he managed to regain access to it.
Remember that PayPal saga from last week? You know, the one involving PayPal’s new user agreement which gave the company carte blanche to robocall and autotext users for pretty much any reason under the sun, including surveys and promotions? Well, now the FCC is getting involved and they don’t like what they see.
In a letter sent to PayPal’s general counsel, and originally spotted by The Consumerist, the FCC writes that the company’s new user agreement “may violate federal laws governing the use of autodialed, prerecorded, and artificial voice calls, including text messages.” Specifically, the FCC notes that the new user agreement may run afoul of the Telephone Consumer Protection Act.
Earlier this week, PayPal was lambasted for its new user agreement which allowed the online payments company to robocall and autotext customers at will. What was particularly jarring about the user agreement — set to go into effect on July 1 — is that PayPal reserved the right to contact customers not just for account problems, but also for surveys and promotions. Even worse, PayPal brazenly advised users who weren’t on board with the new agreement that they should simply close their account and move it along.
Naturally, news of PayPal’s new TOS caused something of an uproar online. Thankfully, PayPal has since realized that forcing users to accept automated texts and phone calls wasn’t the wisest of business decisions.
Ahead of its planned split from eBay, PayPal is planning to roll out a new terms of service agreement for its customers which would allow the company to pepper its userbase with robocalls and text messages. What’s more, the updated terms of service would allow PayPal to contact users at either their designated phone number or even an undisclosed number PayPal managed to obtain through other means. Set to go into effect on July 1, PayPal’s updated user agreement is not an opt-in type of deal, which makes it all the more worrisome.
We’ve all heard of the term PayPal Mafia, but that’s ordinarily used to reference some of PayPal’s earliest employees, not the company’s actual business practices.
Earlier today, PayPal agreed to fork over $25 million in damages stemming from shady business practices the company used to a) trick consumers into signing up for services that they didn’t really want and b) net more money in the way of fines and late fees than they were entitled to.
The list of PayPal’s offenses is long and should be worrisome for anyone who uses the service regularly, especially if large sums of cash are involved.
Apple has decided to make shopping in its online store even easier than before, The Next Web reports, silently adding new payment options that customers can select during checkout.
The company has added PayPal support to online payments in the U.S. and U.K., as seen in the screenshot below, which means customers can now use their PayPal balances to pay for goods purchased online from Apple.com. More →
One of the most important products Apple unveiled during its iPhone 6 event is Apple Pay, the company’s official foray into mobile payments. Apple secured deals with the most important card issuers and banking institutions in the U.S. ahead of the keynote, but surprisingly left out one payments company that was rumored in the days preceding the announcement to be working together with the iPhone maker. Bank Innovation, which provided many details about Apple Pay long before its official name was revealed, has found out more details about Apple’s negotiations with PayPal, and why it kicked it out of the Apple Pay business. More →
Earlier this week, PayPal joined a long line of companies that sought to mock, belittle or bash Apple in marketing messages in an effort to promote competitive offerings. Focusing on the recent “Nudegate” scandal in which hundreds of nude photos and videos of celebrities were leaked as a result of iCloud breaches, Paypal posted a promotional note suggesting that because iCloud was hacked using brute force attacks, Apple’s new mobile payment service Apple Pay is not secure.
It remains to be seen if PayPal’s efforts will yield any gains, but history is not on the company’s side. So far all we’re seeing is backlash, and the latest shots at PayPal were fired by a former executive. More →
After Samsung’s relentless TV commercial hits at Apple following the iPhone 6 announcement, PayPal is next to poke the iPhone maker with an ad. Obviously, the popular payments company isn’t too happy it has to compete with Apple Pay henceforward, and PayPal decided to go the security route with an ad that appeared in the print edition of The New York Times, Pando Daily reports. Specifically, PayPal is using the recent iCloud-related Nudegate scandal to cast doubts over the security of Apple Pay, even though the two Apple products are not exactly connected. More →
Google on Thursday revealed it’s ready to support even more payment methods for Google Play purchases, thus encouraging buyers to spend money on apps, movies, TV shows and music. The company announced additional payment options for its online store, including PayPal support, which will let people in 12 countries pay for apps and other digital content. More →