Technology
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
"Heavily integrated into eBay" except it isnt any more.
Firstly the article is a year and a half old but although you can still use PayPal on eBay to say it is heavily integrated is bullshit. EBay started moving away from PayPal years ago and at this point have integrated their own systems linking to your bank account to take the place of what they used to use PayPal for.
PayPal was acquired by Ebay for 1.5 billion in stock. Group that benefitted from that transactionmost already included musk, thiel, etc. They are intrinsically tired together forever. You also see PayPal as an option for all transactions in eBay, the very recent addition of alternative options, after decades of socializing people on PayPal as the default option doesn't change much.
Imagine your side of this "argument" being the hill someone dies on... I sure hope you're a bot, because otherwise you seem a pretty sad, confused human
You mention that PayPal was bought by eBay (in 2002) but not that it was spun off again in 2015. They're separate companies. If anything, Venmo is a competitor of PayPal.
If anything, Venmo is a competitor of PayPal.
PayPal.. owns Venmo?
Again, you are weird to spend energy defending semantics around this corporation.. are you okay, bud? Temporarily embarrassed millionaire?
Correcting misinformation isn't defense of the entities involved. You can hate eBay (or any entity) and correct misinformation about them. There's no conflict there.
If anything, Venmo is a competitor of PayPal
Yes, just like how Coke is a competitor to Diet Coke and Sprite.
This site provides absolutely no evidence of any of its claims and even includes the following little gem in the FAQ section on that page:
Is PayPal Safe?
Yes, all Paypal transactions are encrypted. Plus, it has two-factor authentication and fraud protection.
Safe for its customers, or safe for PayPal?
You want to hurt the money changer?
Use cash as much as possible... that shit really hurts these parasites.
Buy us bonds directly from the Treasury! They hate it!
Wrong time to put money into government...
my man... USD is daddy's money...he lets you use them, if you you don't piss him off.
if you are worried about USD, them being in some shiti savings account aint gonna be any less risky then having it in US treasuries.
See, this isn't viable.
This is the "ban plastic straws" of late stage capitalism. Overrepresenting individual action to distract from the need of structural reform.
Stop voting with your wallet, it's pointless. Consumption is not expressing support. Vote with your votes, if you're in a place where you have a chance to do so, find other ways to organize collective action if you don't.
The two are not mutually exclusive...
People can take direct action
People can organized and act as a group in solidarity.
Stop voting with your wallet, it's pointless.
Yes... consume like a brain dead idiot, esp follow shiti marketing campaigns online, deff make sure you buy that trash 🤡
And remember... "voting" is how we got here in the first place.
Americans don't understand what going into proper opposition means. hint, it aint voting for the "other" guy
If you're in a country with a two party system then voting has even less impact that than giving your money to a more worthwhile company.
Consumption is not expressing support.
You may not support them with your words but giving them money is literally support. Like giving a horse an apple and then saying you're not feeding it.
Naw sorry, I tried that this last election and got embarrassed. Went hardcore Democrat, Coconut-pilled, blah blah blah.
I genuinely tried to believe in it, voted early, got friends and family to show up and vote too. Not only did the dems lose, they lost worse than they have in decades.
And to make matters worse, the Democratic party largely has completely missed why they lost so badly to the most pathetic excuse for a president in American history.
It's too late for large scale positive structural change with the current political parties in the USA. The Dems must be torn apart and re-shaped into a populist left-wing party to have any chance of meaningful change. Until that happens, voting with your dollar is the only kind of vote that will be taken seriously.
Extremely local elections, sure, vote for a leftist candidate that might actually win some small office. But unless it's that, vote with your dollar and engage in direct action to serve your community and build genuine solidarity.
Zelle is separate right?
From wikipedia
Zelle (/zɛl/) is a United States–based digital payments network run by a private financial services company owned by the banks Bank of America, Truist, Capital One, JPMorgan Chase, PNC Bank, U.S. Bank, and Wells Fargo.
So PayPal does not seem to own an interest in Zelle, but the group of owners isn't necessarily better than PayPal.
It's capital all the way down, man.
Any alternatives to PayPal?
Depends on which function you want to replace?
Maybe one of these options are good?
https://alternativeto.net/software/paypal/
https://alternativeto.net/software/venmo/
While we're at it:
Looking through Amazon alternatives... they all suck so far. Though this Etsy alternative looks interesting:
I just have opted out overall and literally use as little as I can across the board.
what did PayPal do?
It's an early specimen of "unregulated bank", founded in part by Trump buddy Peter Thiel and merged with Elon Musk's X.com in 2000.
They have a history of locking accounts under false pretenses and seizing the money. It's screwed over many a Kickstarter and Indiegogo. Early in Minecraft history, Notch lost access to over half a million dollars. They've failed to pay rewards in their software bug bounty program.
Edit: The usual antics for Musk and friends for 20 years.
Also, I checked my records. I'm biased (a word that the current US administration is erasing from all government documents) because of an early Amazon third-party seller plus PayPal experience; the item I was sent was wrong and 5% of the value of what I ordered. Returned sealed cheap item, seller wouldn't refund. PayPal ruled in the seller's favor and Amazon did not care because of third-party seller terms and conditions. A young person out a few hundred bucks doesn't forget that.
Braintree, Honey, Paydiant, Tradera, Xoom, and Zettle all owned by PayPal.
Oh boy... Look up peter thiel, elon musk and david sacks to start - three stains on humanity working very actively to end it as we speak. They were the basin founding faces of PayPal (I mean, I think musk came on after the fact or was pushed out early or something, continuing the trend of him never actually creating anything). Currently they are alll very active in the trump admin - two with officially appointed positions, one in the shadows. Vance is also created by thiel. Look up that "Dark Gothic maga" video (musk's stupid name) that's been shared often recently.
Then separately, PayPal owns Honey, and it turns out has been scamming millions, maybe billions away from online creators for years, probably some of your favorites included in that list. Active lawsuit ongoing - look up legal eagle's video maybe as a start.
All these billionaire fucks made their fortunes through Paypal and still likely hold stock and maybe board positions, can't recall?