[deluxeroyale]

This is horrifyingly bad. I have yet to this day read anything good about paypal. They provide a “free” service with the option to rob the user of their money at any random moment. What other options are there out there that provide similar services? Are all modern banking services this bad at their core or is paypal by far the worst? There has to be options that are at least partially run by sane humans.

[Ekaros]

PayPal and it's ilk are worse. At least with regular banks there is regulation against this sort of stuff. That is they can't just confiscate the money for long periods unless there is some external decision.

PayPal and the others like it are not banks, as such they play by different rules worse for consumers. What is kinda horrifying is that nothing has been done about this despite PayPal doing exactly these things for entire history seemingly it has existed.

[kevin_thibedeau]

PayPal is only not-a-bank in the US. They are an actual bank in EU.

[cubancigar11]

The horrifying part is the bank's incompetency. In India you can transfer bank account to bank account immediately even without UPI.

[hgsgm]

PayPal isn't free. It charges about 3% of txn