PayPal: Difference between revisions

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| Official Website = https://paypal.com/

| Logo = PayPal.png

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}}[[wikipedia:PayPal|'''PayPal Holdings, Inc.''']] is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers. It serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial users, for which it charges a fee.

*[[wikipedia:PayPal|'''PayPal Holdings, Inc.''']] is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers.

*It serves as an electronic alternative to traditional paper methods such as checks and money orders.

*The company operates as a payment processor for online vendors, auction sites and many other commercial users, for which it charges a fee.

*Originally founded as [[wikipedia:Confinity|Confinity]] in 1998, it merged with [[wikipedia:X.com_(bank)|X.com]] in March 2000, and was finally renamed [[wikipedia:PayPal|PayPal]] in June 2001.

*PayPal can be used in more than 200 countries/regions.

==Products==

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!Related Video(s)

|-

|PayPal will no longer refund transaction ~~feeds~~ on refunds

|PayPal will no longer refund transaction fees on refunds

|2019

|

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https://www.youtube.com/watch?v=YPXhzgC2ODs

|-

|PayPal charges a fee for inactivity. Not sure when this was implemented.

|2022

|If you don't log in or don't have transactions for a year you will be charged $20USD each year this is the case. Then when there are no more funds in the account they will close your account. If you have not logged in how can they assume you have seen the changed terms and tacitly agree to the changes and thus the fees.

|

|First report seem to be 3 yrs ago. <nowiki>https://www.quora.com/Why-does-PayPal-want-to-start-charging-Canadian-users-an-inactivity-fee</nowiki>

|}

==Privacy==

In 2018, the introduction of the GDPR in Europe forced PayPal to disclose a list of third party companies they share user data with. The sheer endless list includes over 600 different companies, from fraud prevention to analytics, tracking and advertising companies.<ref>https://www.paypal.com/ie/legalhub/paypal/third-parties-list</ref>

==Alternatives==

Unfortunately, no truly privacy friendly digital payment systems are in wide-spread use at the time of writing.

The [https://www.taler.net/ GNU Taler] project is a very promising recent option that allows for completely anonymous digital purchases while still relying on common currencies and preventing money laundering and tax fraud, all with minimal to no transaction fees. It is currently available in Switzerland with Germany scheduled to follow later in 2025.

Of the more universally available commercial payment methods, [https://apple.com/apple-pay Apple Pay] is among the most private, but requires the user to own an Apple device and to trust Apple Inc not to collect more data than they disclose.

==General References:==

~~[[Category:Financial services companies]]~~

~~[[Category:Financial technology companies]]~~

~~[[Category:Foreign exchange companies]]~~

[[Category:PayPal]]

@@ Line 8: / Line 8: @@
 | Official Website = https://paypal.com/
 | Logo = PayPal.png
-}}
+}}[[wikipedia:PayPal|'''PayPal Holdings, Inc.''']] is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers. It serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial users, for which it charges a fee.
-*[[wikipedia:PayPal|'''PayPal Holdings, Inc.''']] is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers.
-*It serves as an electronic alternative to traditional paper methods such as checks and money orders.
-*The company operates as a payment processor for online vendors, auction sites and many other commercial users, for which it charges a fee.
-*Originally founded as [[wikipedia:Confinity|Confinity]] in 1998, it merged with [[wikipedia:X.com_(bank)|X.com]] in March 2000, and was finally renamed [[wikipedia:PayPal|PayPal]] in June 2001.
-*PayPal can be used in more than 200 countries/regions.
 ==Products==
@@ Line 31: / Line 25: @@
 !Related Video(s)
 |-
-|PayPal will no longer refund transaction feeds on refunds
+|PayPal will no longer refund transaction fees on refunds
 |2019
 |
@@ Line 42: / Line 36: @@
 https://www.youtube.com/watch?v=YPXhzgC2ODs
 |-
+|PayPal charges a fee for inactivity. Not sure when this was implemented.
+|2022
+|If you don't log in or don't have transactions for a year you will be charged $20USD each year this is the case. Then when there are no more funds in the account they will close your account. If you have not logged in how can they assume you have seen the changed terms and tacitly agree to the changes and thus the fees.
 |
-|
+|First report seem to be 3 yrs ago. <nowiki>https://www.quora.com/Why-does-PayPal-want-to-start-charging-Canadian-users-an-inactivity-fee</nowiki>
 |}
+==Privacy==
+In 2018, the introduction of the GDPR in Europe forced PayPal to disclose a list of third party companies they share user data with. The sheer endless list includes over 600 different companies, from fraud prevention to analytics, tracking and advertising companies.<ref>https://www.paypal.com/ie/legalhub/paypal/third-parties-list</ref>
+==Alternatives==
+Unfortunately, no truly privacy friendly digital payment systems are in wide-spread use at the time of writing.
+The [https://www.taler.net/ GNU Taler] project is a very promising recent option that allows for completely anonymous digital purchases while still relying on common currencies and preventing money laundering and tax fraud, all with minimal to no transaction fees. It is currently available in Switzerland with Germany scheduled to follow later in 2025.
+Of the more universally available commercial payment methods, [https://apple.com/apple-pay Apple Pay] is among the most private, but requires the user to own an Apple device and to trust Apple Inc not to collect more data than they disclose.
 ==General References:==
 <references />
-[[Category:Financial services companies]]
-[[Category:Financial technology companies]]
-[[Category:Foreign exchange companies]]
 [[Category:PayPal]]