PayPal isn't worth it*

[Ally]

*For major transactions and risky deals for people under 18 (which probably constitutes the majority of active MCM users).

1. You have to provide a suitable bank card in order to send *less limited amounts of) money (and obviously withdraw money). If you're going to use PayPal, you need a card. Why bother making a PayPal in the first place if your goal is to avoid using a card (i.e. if you don't have one). Another link.
2. You have a receiving limit prior to being limited for identity verification. Example here. One of my friends was recently screwed over for having $1,000+
3. If someone requests a refund, you're charged for the fee of that refund. In a $1000 transation with a fee of 2.9% + $0.30, that's $29.30 that you have to account for, to not do the deal. That's some nasty stuff right there :grimacing:. Link 1, Link 2, Link 3. Feel free to dispute this point. Couldn't find any more recent info. Louis Rossmann has a good set of videos on this. Link to one.
4. PayPal will charge you a base fee for internationally-sent F&F deals. However, if you are abusing F&F deals for online non-F&F (i.e. G&S) transactions, then you get no sympathy from me. Use G&S. Fight chargebacks as they come and be smart about deals. There are dozens of threads on MC-Market (and even a wiki article?) about how to stay safe.

PayPal made an approximate $2.5 billion dollar profit in 2019. While this isn't bad in and of itself, the implications are. You're supporting an external, independently operated, primarily profit-focused company who sneak fees in, in every way they can. It's unpleasant if not difficult to find all of the respective, specific articles on fees on their website. Why use PayPal when you could use say, TransferWise? Or Square, GPay, crypto, or more?

PayPal also doesn't operate as a bank:

United States of America. PayPal is licensed as a money transmitter in a majority of US states, and is registered with the US Treasury as a money services business. The Federal Deposit Insurance Corporation (FDIC), in 2002, stated that it does not consider PayPal to be a bank. However, it is subject to AML/CTF laws and consumer protection regulations.

If you don't have your own bank account or card, then it sucks (been there, I got one at 14 in Australia) -- but going to PayPal will be fruitless. Ask your parents to setup something. Not everyone's parents will agree but some may. It's worth asking. If that doesn't work, why not try dealing with giftcards on say Amazon? My current commission is being facilitated via transferwise (i.e. international bank transfer), which is another viable option. If you're trying hard enough to get business on MC-Market, you're definitely able to try hard enough to find a way to facilitate payments.

Try prepaid cards as well, noted by pace. Problem with PayPal is it is inherently popular and trusted by a large population, and it's set apart by the fact it holds a balance, which many minor companies can't actually do properly.

Good luck.

 

[BowlPulp]

i got disputed 1300$ for no reason, i even gave proofs of everything still paypal gave decision in favour of buyer, this is so shit

 

[Ally]

i got disputed 1300$ for no reason, i even gave proofs of everything still paypal gave decision in favour of buyer, this is so shit

Was it disputed at bank level of the buyer?

 

[BowlPulp]

Was it disputed at bank level of the buyer?

idk much, the paypal was of my friend, and i paid him like 200-300 to solve it off, he created a new paypal afterwards

 

[Satan]

i got disputed 1300$ for no reason, i even gave proofs of everything still paypal gave decision in favour of buyer, this is so shit

Was it disputed at bank level of the buyer?

I have yet to see a case where PayPal actually recovers the chargedback money if the party who chargedback did it via their bank. It's as I've heard "impossible"

 

[Ally]

I have yet to see a case where PayPal actually recovers the chargedback money if the party who chargedback did it via their bank. It's as I've heard "impossible"

PayPal don't operate as a bank so it makes sense that they cannot obtain the money at a bank level.[DOUBLEPOST=1593244318][/DOUBLEPOST]

PayPal don't operate as a bank so it makes sense that they cannot obtain the money at a bank level.

United States of America. PayPal is licensed as a money transmitter in a majority of US states, and is registered with the US Treasury as a money services business. The Federal Deposit Insurance Corporation (FDIC), in 2002, stated that it does not consider PayPal to be a bank. However, it is subject to AML/CTF laws and consumer protection regulations.

https://www.aph.gov.au/DocumentStor...t=PayPal is licensed as a,PayPal to be a bank.

 

[SpaceJudo]

PayPal in my country isn't regulated. The only downside is I don't have F&F.
You can create a personal/business account, provide false information and you can accept payments without needing to verify anything. All they ask for is your passport/ID number (which you can enter a bunch of zeros for) and you're on your way. I will admit I've done this before but with small transactions (I believe the max was $50) and all went through without any issues.
When you want to withdraw money from your PayPal balance, you can add a credit/debit card and pay a small fixed fee. That's it.
I think PayPal operates differently in different countries because as a seller, PayPal always returned the fees they take when issuing a refund.

 

[ociff]

From what I know, disputes often go in favor of banks. No possible ways of anything. Unless open a legit lawsuit case, PayPal always favor the buyer in terms of them using their bank to make payments. I don't know why, but it's like this.

 

[Feedback]

If you know what you're doing, PayPal is still the most efficient option especially if you own a server.

 

[Ally]

If you know what you're doing, PayPal is still the most efficient option especially if you own a server.

In what way? Also consider that this post targets mainly

*For major transactions and risky deals for people under 18 (which probably constitutes the majority of active MCM users).

 

[Joshua C]

I've used TransferWise borderless, but for some reason, they didn't like me doing transferring amounts under $15 and closed my account.

On the other hand, PayPal is the worst.
I'd prefer BTC or CashApp and TransferWise(if you can make an account on there).
Everyone should reject PayPal.

PayPal charges you on literally everything.

-= My Theory =-
During 180 days hold, if you have funds in your account, the funds are being used on maybe some stocks or something to gain more profits out of that fund.

 

[Yohhan]

*For major transactions and risky deals for people under 18 (which probably constitutes the majority of active MCM users).

1. You have to provide a suitable bank card in order to send *less limited amounts of) money (and obviously withdraw money). If you're going to use PayPal, you need a card. Why bother making a PayPal in the first place if your goal is to avoid using a card (i.e. if you don't have one). Another link.
2. You have a receiving limit prior to being limited for identity verification. Example here. One of my friends was recently screwed over for having $1,000+
3. If someone requests a refund, you're charged for the fee of that refund. In a $1000 transation with a fee of 2.9% + $0.30, that's $29.30 that you have to account for, to not do the deal. That's some nasty stuff right there :grimacing:. Link 1, Link 2, Link 3. Feel free to dispute this point. Couldn't find any more recent info. Louis Rossmann has a good set of videos on this. Link to one.
4. PayPal will charge you a base fee for internationally-sent F&F deals. However, if you are abusing F&F deals for online non-F&F (i.e. G&S) transactions, then you get no sympathy from me. Use G&S. Fight chargebacks as they come and be smart about deals. There are dozens of threads on MC-Market (and even a wiki article?) about how to stay safe.

PayPal made an approximate $2.5 billion dollar profit in 2019. While this isn't bad in and of itself, the implications are. You're supporting an external, independently operated, primarily profit-focused company who sneak fees in, in every way they can. It's unpleasant if not difficult to find all of the respective, specific articles on fees on their website. Why use PayPal when you could use say, TransferWise? Or Square, GPay, crypto, or more?

PayPal also doesn't operate as a bank:


If you don't have your own bank account or card, then it sucks (been there, I got one at 14 in Australia) -- but going to PayPal will be fruitless. Ask your parents to setup something. Not everyone's parents will agree but some may. It's worth asking. If that doesn't work, why not try dealing with giftcards on say Amazon? My current commission is being facilitated via transferwise (i.e. international bank transfer), which is another viable option. If you're trying hard enough to get business on MC-Market, you're definitely able to try hard enough to find a way to facilitate payments.

Try prepaid cards as well, noted by pace. Problem with PayPal is it is inherently popular and trusted by a large population, and it's set apart by the fact it holds a balance, which many minor companies can't actually do properly.

Good luck.

A guy disputed $92 from me for "Unauthorized Transaction" he probably used vpn when he send the money and it's still under review. The guy send it through F&F I hope it doesn't take my money smh

 

[babaooo]

just use crypto nobody even likes paypal anymore lol

 

[Sky.]

I've used PayPal many many times - once you've done their shitty ass verification system - your good to go. Its often just chargebacks which get your accounts limited. Then they start asking for your Passport and shit. A quick phone call to PayPal was what resolved it for me.

Ive lost all if not most of my Chargebacks, probably just my luck.

 

[Ally]

I've used PayPal many many times - once you've done their shitty ass verification system - your good to go. Its often just chargebacks which get your accounts limited. Then they start asking for your Passport and shit. A quick phone call to PayPal was what resolved it for me.

• You have a receiving limit prior to being limited for identity verification. Example here. One of my friends was recently screwed over for having $1,000+

 

[Ally]

If you attach your bank you can withdraw the funds after 180 days even if your account is limited.

For disputes and chargebacks only I think. If they want to confirm your identity in the even that you reach the balance limit, I'm not sure. Will update thread when I find out for sure.

 

[hgbf]

Great post!

Paypal is great, if you use it with care. What I, just like you, try to tell people is to not use F&F unless it's your actual friends or family. That way, you will be on the right side of the ToS. I would also say that you should only use it with people you at least somewhat trust, especially with big deals and in an environment like mcm where scammers are not hard to come by. If you're below 18 (or for some other reason unable to use the service normally), you should (like what the original post said) consider options like crypto or have your parents set up an account. If you do the second route, I would be extra careful as it's not really your own account that you're using. If you are 18+, get an account in your own name. Don't use fake names in any situation, as you don't know what problems that could bring.

I've only really faced once chargeback, which was quickly settled without the involvement of PayPal, but I believe that's just luck considering that I was much less careful when I first joined. Other than that, there have not really been any issues for me since I started using the service more carefully. However, I understand that the nature of mcm is weird, and moving my main income sources away from here has made a big difference. As much as it is an amazing place to start, there are issues with the concept that are hard to fix, and payment is one of them. Be careful out there!