Readit NewsSearch for dormant accounts and local regulators and I suspect you'll find an answer quickly.
There was no fraud detection, no flags, no payments to me ever. None.
Paypal demanded, out of the blue copies of drivers licenses, passports, bank statements etc that they have no right to, claiming they needed them to comply with law. Suspicious much? Well I sure was and am. They have only ever been an online click-clack machine for my credit card and nothing else. Ever.
I have the _right_ to refuse to do business with them if they unilaterally change their rules. I have done so.
There /can/ be /zero/ fraud possible by closing the account because I don't trust them and going elsewhere to get my credit card processed.
From their point of view it would be a negative metric. Better to not have declining account numbers you have to report so just block them.
They are just crooks from top to bottom. It's their default response. They are arrogant, obnoxious and deserve to be prosecuted and should be.
What I want them to do is repect my wishes not to be associated with them in any way and not to have an identity theft vector avaialble with people and an organisation I have justifiably decided don't trust when I have told them that is what I now want.
So f%#k them and anyone sticking up for the crooks they are.
I stopped reading your rant here because it's clear you are not familiar with financial regulations.
> People seem more wary of accruing debt in Europe; it's easy to lose control over your personal finances with a credit card.
Well using credit means you're taking a loan, and subsequently paying interest on that loan even if it's just a month. Why would you pay interest on a loan that you don't need and pay an exorbitant amount in monthly fees just to have the card? Seems like absolute lunacy. And here it doesn't tie into the credit score system much so there isn't a reason to do it solely because of that.
Luckily these days there are fee-less prepaid cards that work like debit cards, but function as credit cards. That's my go-to.
Everything in your opening sentence is incorrect.
It's clear there's some form of benefit for users beyond major markets (though those users still need to go through Stripe's KYC process), but for those in major markets, what benefits are there to receive earnings in crypto?
If there was a flat limit on the total you could end up paying, maybe… but there isn’t.
Giving cheap loans to people who can’t pay them isn’t “just fine”, it’s predatory behaviour.
…but anyway, regardless of either of our opinions, it increasingly looks like it’s going to be legally regulated, so, the point is it’s a risky play for Microsoft.
I remember DHH from Basecamp mentioning this once a few years ago. I forgot if I asked him on Twitter or if someone else did, but it came down to asking why Basecamp doesn't use Stripe's subscription API.
He said it didn't exist at the time but he also said it wasn't a ton of work to get it all working using the basic single charge API. Details are spotty since it was a random tweet from a while ago but the overall feeling of it was it's very doable.
I feel like the topic came up in one of those YouTube videos where DHH walked through real life code in Basecamp.
Even today it might be worth it. I mean if you try to integrate an abstraction on top let's say Stripe and Braintree, there's quite a lot of differences between the 2 for subscriptions. How much more work would it be to write your own subscription logic once and use it anywhere vs writing a really good abstraction.
So these guys were able to get into Twitter but they chatted freely on Discord without considering everything would be recorded?
And then they make one of the most public hacks in recent history without considering someone would go through all the logs with all the noise they made?
Didn't even layer the Bitcoin through an anonymiser like Monero and extra Bitcoin wallets. Just sent and received BTC directly to an account linked with photo ID on multiple exchanges. Incredible really!
Google Cloud support is an actual joke. I have no idea how to navigate their chatbot and speak to an actual human. Awful.