- cross-posted to:
- technology@lemmy.ml
- cross-posted to:
- technology@lemmy.ml
🖕 Fuck PayPal
And fuck Linus Tech Tips for intentionally keeping quiet about this after they found out.
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I’m so proud I never consumed these guys shit
I used honey for a while and it was working great for me with “exclusive” coupons and Cashback and then one time I bough a cellphone that was supposed to have $250 cashback. I did all the necessary steps, read the t&c, took screenshots of the offer and made the purchase. I never got the transaction to appear on their website. Sending emails it trying to contact them was futile (I even made an automatic script to send an email everyday to follow up). Fuck PayPal
Small claims
I thought it was just collecting and selling user data but while I’d bet it’s still happening - wow, this is way craftier.
I have been using PayPal increasingly for online payments. Not sure why. I have heard old stories about PayPal but Honey seems really bad. Its basically a given that any fintech company are going to be dodgy scammers but PayPal seemed almost grown up and respectable. Guess not.
I use Klarna for basically everything I buy. I should probably reevaluate that. But I’ve had no issues so far. It notifies me when my payments are due. Helps me collect the sum of what I owe each month, each week. Helps me group payments to pay similar/connected things simultaneously, categorize purchases, etc, etc.
I really hope there’s nothing dodgy going on there. But at least I’m not giving them interest on anything I buy. Always make sure I’m paying my stuff on time, and no postponed payments.
I’m guessing their business model is to exploit people who have issues paying on time and to collect interest and late fees, as well as receive convenience fees from stores implementing Klarna as a payment option.
I really hope there’s nothing dodgy going on there
In 2023 they got a 1.1 million SEK fine for breaking the law that regulates working hours. To “allow” (strongly encourage) your employees to work nightshifts you need a collective agreement approved by the union, which they didn’t have.
More recently, they got a 500 million SEK fine for skirting the anti-money laundering regulations in Sweden.
But at least I’m not giving them interest on anything I buy. Always make sure I’m paying my stuff on time, and no postponed payments.
The whole “buy now, pay later” deal is a credit loan. They are most likely paying the merchant directly and using your loan as collateral to speculate on the market, until you pay them back for that loan. If that’s true, they are making profit on the interest gained from your loan.
I’m guessing their business model is to exploit people who have issues paying on time and to collect interest and late fees, as well as receive convenience fees from stores implementing Klarna as a payment option.
Correct. Like all credit banks they promote the “buy now, pay later” option before direct payment, which is becoming a pandemic on our society. Hardly any user interaction needed. They also offer their own payment plans which encourages buying even more expensive items you cannot afford.
The whole “buy now, pay later” deal is a credit loan. They are most likely paying the merchant directly and using your loan as collateral to speculate on the market, until you pay them back for that loan. If that’s true, they are making profit on the interest gained from your loan.
I’m not very educated in economics, so I’m struggling to understand this. Is there a way to easily explain this? I’m 38 so… please use big words if you like, but simple domain language. 😅
Oh you naive child
I said it in another post: if you see a bunch of influencers all suddenly peddling the same stuff, stay away. All of them can be bought.
They whore for corpos, that’s who pays them
Some do good work but got to assume they are an enemy until proven otherwise.
I have a built-in spidey sense that hates any product that gets peddled simultaneously by a bunch of YouTubers.
See also: RayCons headphones, which appear to be unilaterally bullshit but were on absolutely every video for a couple of months, touted as being the very best.
I am so disconnected from this influencer thing that I first heard about Honey when news were pushing that it was a scam. I’m just living under a rock and sometimes that saves my butt, I guess.
They sponsored a podcast that I listen to, and that’s how I heard about it. I don’t buy stuff online often enough for it to be useful, though, and I’m wary about installing stuff like that anyway.
I guess that podcast has egg on their faces now.
A useful question to ask when hearing about a new company is “What’s your business model?”
Real as shit. I know idiots who think apple pays people scaling on how many downloads their app has xD (kinda like yt views)
There is no such thing as a free and benevolent product with an advertising budget.
Wikipedia
Show me a Wikipedia ad that they paid money for?
They have a budget spent on advertising on wikipedia itself, plus the cost of the emails they send out asking for donations.
Does it even count if you’re advertising on your own platform? If I’m able to see the “ads” in the first place, I’m already using it.
I also wouldn’t exactly call a donation drive “advertising” either. They’re not trying to onboard more users to the service, they’re nagging people who already use the service to give them money. Which is itself leaning a bit on the wall of what is and isn’t “free”.
Free and benevolent maybe not. but genuine and non malicious?
“What’s your business model?” “we make and sell delicious sandwiches. Customer buys the sandwich for a little mote than it costs to make so we get money for ourselves.” That isn’t a scam.
Correct. It’s not a scam. Because it’s not free. The sandwich had a price posted, you paid it, you received the product. Valid business model.
What would you think instead if you saw a NYT front page ad taken out for Free Sandwich Mart, the all-you-can-eat totally free sandwich emporium?
Or in this case, a free browser extension that paid to sponsor five thousand YouTube videos that promises to help you pay less money to every store you activate it on at no cost to you?
Yes. Which is why, when you see a novel service being advertised, it is a useful exercise to ask of them “What is your business model?”
Just open their privacy policy and done. They sell your browsing info, and you could stop it there
I haven’t trusted LTT for about 5 years now.
Agreed. I remember enjoying their workshop videos a long time ago, but they can’t even be trusted for PC building info, much less anything else.
I deleted my PayPal account a couple of months ago already. Problem solved.
Ever since it was explained that Mr. Beast only smiles with his mouth, I get skeeved out every time I see him.
Mr Beast literally shadow banned the word teeth from his YT comments. It’s hilarious.
At this point, anything these goons “influencers” try to sell me on is a scam, and I’ll avoid it at all costs. People do insane things for money. Just watched a coffeezilla video on the CSGO gambling scam and holy shit, people are straight up heartless and have no humanity in them.
I respect coffee but he said nice things about MrBeast who is known to hire pedophiles and sexual pests
Bro just released a video investigating Mr beast. Lol
LTT… toilet flushing! I had no expectations of paypal. To my shame I used them in the past,but deleted my account after reading how scummy they are. fuck paypal and anything affiliated with them.
Mid this year they also started sharing transaction data without consent…
Delete that account
Everybody: Fuck Peter Thiel, fuck Elon Musk, fuck Honey, Fuck PayPal
Everybody: unflinchingly using PayPal
Deleted my ebay account but very rarely will buy on it. I’ve yet to find a UK alternative.
PayPal is not customer friendly, they also straight up steal funds by locking your account
Yeah, it’s wild how close PayPal came to killing Minecraft early on by locking all of Notch’s money as soon as MC started to take off.
PayPal is a class corpo parasite. They tax us
What to expect from the Musky one and the Vampire?
PayPal is not a bank. Your funds are NOT FDIC insured, no matter what their docs say.
In certain countries they fall under quasi-bank regulations eg. “PayPal Australia Pty Ltd (PayPal) is a limited Authorised Deposit-Taking Institution (ADI) with authority to provide purchased payment facilities (PPFs).”
That gives some measure of protection on how they handle your funds, but holy shit I would not keep any money in a PayPal account for any longer than absolutely necessary. I use it as a convenient intermediary between my actual card and sellers, no more than that.
Yep, happened to me. They’re evil. They own Venmo too btw.
