Some interesting news concerning PayPal for those not up to speed:
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So this is why my PayPal holdings are down 50% huh
Need to keep on eye on your investments!
And as for them closing 4.5 million accounts, I wonder how many of those have laid dormant for years, most likely because the account holders have long since left this world.
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Iāve never really understood the use case for PayPal
A lot of people ended up with them due to eBay
The CS is the worst of any fintech Iāve dealt with and Virtual cards are a better means of paying for this securely. Payment links for receiving payments via another persons card
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Exactly that and to be honest, I wonāt complain because Iāve had a couple of disputes on eBay due to suspect sellers and their dodgy practices whereby had I not paid by PayPal, I might have had severe difficulty in getting a refund.
I still buy from eBay and I always pay with PayPal.
As for CS, well Iāve only had cause to ever contact them once regarding the āGift Address Listā which they sorted by deleting the entire entries they had harvested from me from all of the websites I had purchased from over the years.
Their mobile App is easy enough to use, but theyāre constantly mucking about with it, itās received numerous updates in the last few months alone.
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If I doubt the site Iād use a disposable card and fall back on chargeback for a small sim - over Ā£100 PayPal removes sec 75 protections
I had payment taken by PayPal at a pub with bank account as the funding source (table service Rona days) whereby the kitchen cancelled the order due to not having the item - they refunded via the till and I didnāt receive the money. Pub uses brain tree - a PayPal system.
Their support via chat was useless - like speaking with a brick wall. Delayed the process by giving me incorrect/non applicable timescales. Got it by pestering the pub in the end - wouldnāt have bothered had a there been better things to do.
Had an issue with removing cards or accounts I no longer wanted as a payment option - app cited it impossible due to a pending payment when I hadnāt used said methods in months? Chat copy and pasting false answers - no means of removing it on their endā¦
Ended up removing the lot by just deleting my account 
As for the shares - you can buy on the dip with some loose change but theyāre still a bit expensive Iād say. EBay are with Adyen now - and itās paid to your account via a DD/DC. Will take a while for PayPal to make up for this lost revenue.
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Mineās been dormant for years. Just checked and itās still open, so they didnāt close mine.
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I believe that is not possible any more though.
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Me too, although in my case it was part of āverificationā that my bank account wasnāt fraudulently held. They asked me to send them a statement proving I was in control of one of my linked accounts, as part of a āroutine security checkā.
The only problem was, I didnāt find out about it until I queried why my account was blocked and initially they hadnāt set up the relevant portal for my account so the āupload documentsā button wasnāt appearing in the place they said it would.
Eventually it was sorted but it was more difficult than it needed to be.
The Financial Ombudsman has recently ruled that in some circumstances Section 75 will still apply when using PayPal
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It is because Iām still paying for stuff with PayPal on purchases from eBay. The payment option for PayPal is still there, so Iām not sure when that is going to cease?
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Itās useful for low value transactions - their dispute process is faster than chargeback plus they refund refund return shipping costs if the retailer doesnāt for DSR change of mind returns.
You can also use Amex via PayPal if the retailer accepts PayPal at the cost of S75.
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You can choose Paypal if you want to
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