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I recently sold some hardware over an auction site, and received payment (from the private individual who purchased it) via Interac. I didn't have to send him any of my banking details, nor did I have to know any of his. There's a short description of how it works here
With this, I see little reason for PayPal's existence.
I'd say it justifies its existence. This Interac service you mention quite simply does what PP does. I'd wager the only diff is you and this guy didn't have to put in banking details because Interac already had them. It's still the same exact concept. For simple stuff, PP isn't the only player in the game. But they were one of the first and they offer a buttload of ways to customize things to your liking. So, if you think Interac serves a purpose, then so does PP. They're just two competing services.
I'd wager the only diff is you and this guy didn't have to put in banking details because Interac already had them
It goes one step better than that. The link that is emailed is one that goes to Interac's service, and from there, I pick my bank from a list; the link to my bank goes to my bank's login page. So, all Interac knows is what bank I use, and a temporary token returned by my bank's login process.
Jeremy Falcon wrote:
So, if you think Interac serves a purpose, then so does PP. They're just two competing services
...except I've never heard anyone say anything bad about my bank. I can't say the same about PayPal.
Most (web)shops from foreign countries don't accept money from (foreign) bank transfers.
In the Netherlands we use iDeal (instant bank payment), but I haven't seen it in other countries.
It's mostly American Express (whatever that is) and credit card (so not Dutch, I don't have one).
PayPal is international though.
In the Netherlands I never pay with PayPal, whenever I order from abroad I almost exclusively use PayPal.
I had the same experience. I purchased print cartridges online which didn't arrive. The phone number on their website just kept ringing. There was no email address to contact them. I complained to PP and they refunded my money in about three weeks. I also raised a ticket with the police but heard nothing from them. I assume the site is still on the Net.
I also use PP to transfer money to my grandkids in Australia and have never had any problems with that either. The only annoyance is that I used to be able to transfer Australian dollars, even though I didn't own any. It was cheaper than transferring British pounds, which had a higher exchange rate. They have stopped that in the new version of PP. The last time I transferred any money, the only choice I had was British pounds. It used to show all the currencies.
You didn't mention what it is you want to use your PayPal account for. If it's just to buy and sell stuff, then the topic is pretty much covered by earlier comments.
If, on the other hand, you're considering PayPal as a payment gateway for an app you're writing, then I would urge you not to do so. I was about to go live with them once, but the Sandbox suddenly stopped working. It took 18 days to get a useless reply from their merchant account support team.
If you change your country and want to add a new card from that country you'll need a new account. Accounts are bound to the country you open them in. This was a bit of an issue for me, but nothing major.
If you are expecting to receive over 2000€ then your money will get locked until you confirm your bank details. This is done in the EU against money laundering. My company sent me some cash as my bank is slow with transfers and I was going on a business trip. The next time they sent money again over Paypal and triggered the protection and I had to do bank verification within 30 days in order to clear the account protection. I was able to use the paypal funds, but still it was annoying.
On the other hand Paypal.Me is useful when you want to send money to your friend and don't have the cash.
Don't know is this is any use, as it depends on what you want PayPal for, but my client just used a service called TransferWise[^] to send me a payment from Australia, to South Africa. He did this just after 15h00 SAST the last Friday in 2015, and even for local inter-bank transfers, that's cutting it fine.
Our delays, under normal conditions, on interbank transfers range from 0 to 3 days, but only some banks offer the 0 days option, at a fee. So I send you money today, you get it tomorrow, or two days after tomorrow. Now often transfers done after or even close before 15h30 (standard bank closing time) are only processed the next day, so I send you money late today, you get it minimum the day after tomorrow.
TransferWise say an international transfer using them should take "1-4 working days", but they will "only send or receive your money during regular banking hours". I googled the time in Sydney when he made the payment, and it was a little over 00h00 there, and that is surely outside of normal banking hours nearly all over. With Monday being a holiday for New Years day*, even a local payment made that time Friday I would have to wait until Wednesday for the money.
On Tuesday I received a mail from by bank requesting some mandatory compliance information, and had I been certain as to what to reply, would have received the money that day already. I delayed until last (Tuesday) night before replying to my bank, expecting only a helpful response some time today at best, and a no-go at worst. This morning at 07h30 I received an SMS that my bank had already received the funds, exactly the same time as for a local transfer, and might have even been quicker had I not delayed.
* In my mad country, if a would be holiday falls on a Sunday, we get the Monday as one in compensation. Hell, last week we even got Monday and Tuesday for Christmas and 'Boxing' day, whatever you call the 26th December locally.
1. If you are a business, you probably DON'T need to pay the $30/month for virtual terminal.
2. The invoicing is pretty powerful and easy to use for your customers.
3. No reason at all to keep money in Paypal.
4. Most of the time it is better to pay with paypal through your credit card, even though they try to push you to pay with your banking source.
5. If there is fraud, Paypal is MUCH BETTER than Google w.r.t. refunding lost money, in my experience (found out when a backup hard drive was stolen from my car!)
6. The SDK for payments is pretty slick, even if you need to roll your own.
7. You can set up multiple emails to deposit money into the same paypal account.
8. Use tricks that gmail has for addresses segregating payments
eg. in gmail davidc at gmail.com, david.c at gmail.com, davidc+paypal at gmail.com
are all equivalent and go to the same gmail account.
I had to create an account because that was how one vendor paid for services.
Used it a few other times for online purchases when it seemed that was the only way.
That was up to a few years ago; now credit cards are more widely accepted and direct deposit (seems) to have gotten easier. Also, e-transfers are simpler and are often free (or included in your bank services).
PayPal I think is still useful if you have your own site and are looking for "donations".
Rather than manually withdrawing, contact PayPal and have "Auto-Sweep" enabled.
Doing so means that funds in your PayPal balance are automatically swept into your connected bank account at the end of each day.
I have one client who deals in paramilitary gear who (temporarily) lost close to $100k when PayPal froze his accounts after someone claimed he was selling firearms and ammunition (which wasn't the case, not even remotely!) and using PayPal for doing such.
So, Sunday (1/1) I was on my way, with Mrs. Wife, to visit son, other family members, and etc., but they dwell in a place called Hoboken, New Jersey. We arrived at the Hoboken Path station and were going to take the light rail, for the first time, to his abode.
It was, however, a Sunday, and weekend schedules were in effect. Apparently, that means the train to his place is not going to run until Monday morning. Meanwhile, our tickets were stamped with the date-time and would become worthless in 45 minutes.
Luckily, some poor unfortunate (i.e., a local denizen) pointed out to us that we can take another train, the other way, get off and take the train back to where we wanted to go. Whilst on this ride I came to a great realization, completing a long known and oft repeated statement (q.v.):
You can't get there from here, unless you go someplace else.
The thing with travelling is that people always talk about getting from A to B, which categorically implies that there is only one direction that can be followed.
But travel isn't like that. Look at a typical international trip, and you'll see that it's highly likely that you could save a few hundred miles if the plane would take off and land at your initial departure/arrival points, rather than flying over them, retracing/pre-tracing long steps, between them and the airports.
As an example, one flight I took from Pudong flew all the way to Heathrow, and I had to take another plane back from London to Schiphol, then a loooooong taxi ride to my home -- which the first plane had flown directly over!*
So what's needed is a different paradigm.
E.g. How many ways are there from getting from zero to one, or from one to two?
I wanna be a eunuchs developer! Pass me a bread knife!
The swiss federal railways have an excellent app for that - Their online presence is a PITA you'd experience while sucking big hairy donkey balls, but the app is awesome.
Enter your Departure point, destination (can even be a street address which is then mapped to the closest bus/tram/train station), select arrival or departure time and they show you the fastest connection available. Hit "Buy Ticket" and off you go.
We have tons of applications like that in the USA - integrating many transit systems and methods. Those with cell phones live on them - and my local commuter railroad allows the whole ticket-on-your-cell-phone thing. Not at all the point.
The concept was the point - not the commuter rail insanity for one wretched little city.
Sucking hairy donkey balls? I love the imagery. You Europeans have such quaint customs!
It's actually Nagy's catch phrase, I believe 
The whole site looks like it is designed for IE 6. And the handling matches the look.
Seriously, it starts with the login procedure - I don't want to enter a username to login. And the password can only contain characters and numbers.
And don't even try to get a tax receipt for your online order - There is no consistent menu guidance and you receive it as a PDF. One A4 page per receipt, for a single ticket each. And they're only available for 30 days, afterwards you're greeted with a default empty PDF.
And that's just the things I remember right now, there are dozens of others.