Stop sending me pennies — more bad news for PayPal

paypal1I got a call this week from PayPal Executive Escalation, which I didn’t even know existed and certainly wouldn’t have guessed would be based in Omaha, Nebraska. This was either in response to my PayPal account being restricted as I described in my last column or — much more likely — to the simple fact that I’d made such a stink about it in print. The guy who called was very polite and helpful, too, but what I learned was also disturbing enough that I feel the need to share it with you.

“Do you use an anonymizer?” asked the guy from PayPal. I don’t use an anonymizer, which masks IP addresses, and told […]

We’re PayPal immortals whether we like it or not

paypalogo

Update #2 — After a few hundred people had their penny payments to me bounce, PayPal mysteriously freed my account yesterday. Since then dollars and dollars have poured-in, all to be refunded next week, I promise. So please stop sending me money now, okay? Mission accomplished.

My favorite transfer by far was this one for a $0.01 eCheck (below), which I will make every effort to refund before I receive it, thanks:

Screen Shot 2013-04-11 at 10.09.04 AM

 

Have you ever canceled a PayPal account? I tried to cancel mine today and the company wouldn’t let me.

In one sense it’s hard to imagine why anyone would want to cancel […]

Prediction 6: Thompson's no Yahoo

Let me be clear about this just in case my clever headline makes no sense: I think the Yahoo board punted by hiring Scott Thompson, who is either a stooge for Yahoo co-founder Jerry Yang or a convenient placeholder until the company can be sold.

I have nothing against Thompson, who did an able, if very vanilla, job at PayPal, but there is nothing — nothing — that distinguishes him as a new media executive. With a wildly dysfunctional outfit like Yahoo, he’ll be in over his head from the first day. I hope for his sake there’s a golden parachute rip cord available for pulling.

His best hope — and it isn’t much of a hope […]

By |January 4th, 2012|2012|36 Comments

Til death do us part: Sony and the credit card companies

Remember, after the recent earthquake and tsunami in Japan, those stories about wallets filled with money being found and turned-in to the authorities, still stuffed with cash? That’s one positive aspect of Japanese culture, but does it also make them too trusting? Sony’s loss of first 77 million customer records and now another 24.6 million suggests that may be the case. A society with low crime rates and comic book criminals screams of unsophistication, which was confirmed for me this week when I heard from a reader who is a payment system auditor. He looks inside Japanese institutions and often doesn’t like what he sees.

“For whatever reason (low crime […]

By |May 2nd, 2011|2011|51 Comments