On Thu, Sep 05, 2013 at 01:19:33PM +0200, Eugen Leitl wrote:
On Thu, Sep 05, 2013 at 01:09:07PM +0200, rysiek wrote:
inb4 "why would they use PayPal" -- from what I've heard they didn't plan it originally but it was brought in by popular demand.
Why, why did they keep 45 kUSD worth of funds in an account run by known jerks? Friends don't let friends use PayPal.
Your first and second sentences don't go very well together, Eugen. :) Using Paypal is not a bad idea; they're pretty efficient in terms of fee percentage, their servers don't go down very often, and they have a very large market presence in the US and a few other markets. I personally don't use any other standalone online payment system. But, keeping a significant fraction of your capital in Paypal is a terrible idea. They have very little patience for innovative business models, they have a poor track record of customer service, and their default response to any surprise is to freeze the account balance. Noisebridge automatically transfers our Paypal balance to our bank account on a regular schedule (nightly, I think, but don't quote me.) -andy