Good time to delete my PayPal. π
this post was submitted on 17 Aug 2025
469 points (99.4% liked)
Technology
74114 readers
3080 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
I thought that my account was deleted years ago, but recently found out it still existed.
Deleted now!
I haven't used mine in several years, also deleted now π
Wish I could but Patreon uses it, and it's the only way to pay with them.
load more comments
(1 replies)
Perhaps it's time Valve get into its own payment business.
I expect the established banking/credit card industry is not likely to let Valve into their systems just to circumvent their restrictions. Vabve would need to be able to validate Visa/Mastercard/Discover etc cards issued by any any bank and be able to credit/debit them.
The problem is that if you make a PayPal equivalent, you're still beholdent to MasterCard and Visa since you need them for people to actually add money to their account, and if you want to make a direct competitor to MasterCard and Visa, that's basically impossible without government support because they're way too entrenched, why would a business support a random new payment method that nobody is using yet.
load more comments
(18 replies)
For all the people saying Valve should become their own payment processor. PayPal employs 24,000 people. Visa employs 31,000. Mastercard employs 35,000. Valve employs 400. They're not going to 60x their employee count anytime soon.
PayPal/Visa/MasterCard do way more than just payment processing for one company.
Valve wouldn't need 25,000 employees just to process payments for their own platform.
They could do it with significantly fewer people, for themselves and even for GOG, Itch and potentially others. Their use-case is digital payments for games, which is limited in scope and risk. PCI and compliance is a PITA, but manageable.
Is it a payment processor problem, or a card issuer problem though?
It sounds like some payment processors are treating mastercard's contractual requirements as a hard risk in this case - maybe it's justified, maybe not. Try getting corporate lawyers to be risk averse in the finance world. Mastercard doesn't seem to want to soften their wording but talks platitudes in public statements. Shrug.
load more comments
(1 replies)
Meh. Paypal deserves everything bad that happens to it. Barely used it in the last few years. Definitely do NOT keep funds on there unless you're okay with just losing them.
I mean, I don't want to keep funds in PayPal, but they make a good proxy for a credit card.
Credit card POS systems permit for me to do (reasonably, lack a trusted display or input mechanism) secure transactions. But I can't do that with my computer
I don't have a way to use a smartcard reader and purchase things online. I have to send my actual credentials to a vendor and trust that they're treating them securely.
But if you use PayPal to pay at a vendor and then send that payment to a credit card, you avoid the security problems inherent to direct personal use of credit cards.
I'm not comfortable sending credit card data to sketchy-looking sites. With PayPal, worst case they don't send me whatever I paid for.
Use a virtual card like the ones from privacy. You can select if itβs a one time payment or a monthly payment and set limits.
It saved me many times from companies charging me way more than I agreed to. (Bought a phone and never activated it, they tried to charge me $150 the next year, but I used a virtual card!)
Look into the Privacy app (kind of a terrible name honestly). It's effectively a Paypal type system but one that issues CC numbers for each vendor or transaction and allows you to easily audit and manage them. It's not perfect, but it's a hell of a lot better than Paypal.
You should see if any of your credit cards allow you to make virtual credit cards. I can make an entirely new card with a unique number, expiration and code then lock/delete them or even restrict them to the first retailer theyβre used at. I have like a dozen virtual cards that only work at a single retailer and lock them all until I need to use them. While locked all attempts to use them are declined.
load more comments
(2 replies)
load more comments
(3 replies)
Long ago, I used to work for a small business that did most of its sales through eBay using PayPal. They were the single biggest impediment to our business, yoinking money away at the slightest excuse. It seemed like they just lived to screw us over.
The funny thing is that because Master Card is too afraid to actually accept any responsibility, using Master Card directly is still an option:
That means Master Card-powered PayPal Card should work.
This sort of situation is exactly why I got a PayPal card 18 years ago when they first started offering it.
So paypal is unreliable, is the takeaway.
If digital payments are becoming a service problem, Steam might develop their own.
I actually think ramping up their gift card distribution to more countries might be more effective imo, since people have access to cash or payment systems at physical stores.
Tbh I could not be arsed to go somewhere to buy a gift card to then use it. I'm more likely to use another platform to buy a game.
Itβs not that I donβt have values. I just donβt feel strongly enough about using Steam to make that trip just for a gift card.
Digital gift cards would be okay though.
you don't have to make a trip just for that. you can just visit the shop next time you're nearby.
load more comments
(1 replies)
load more comments
(1 replies)
load more comments
(3 replies)
load more comments
(11 replies)
Is PayPal still a musk toy?
What happened to paypal?
Paypal changed banks and cannot accept currencies from most countries, resulting in the failures Steam is seeing. Source:
https://cdn.mos.cms.futurecdn.net/bpXXUDhPvYgsNn4SsrcdwD-1200-80.jpg
load more comments
(2 replies)
"In early July 2025, PayPal notified Valve that their acquiring bank for payment transactions in certain currencies was immediately terminating the processing of any transactions related to Steam. This affects Steam purchases using PayPal in currencies other than EUR, CAD, GBP, JPY, AUD and USD," the message states.
"We hope to offer PayPal as an option for these currencies in the future but the timeline is uncertain.
There are currency conversion services all over the world that manage to do this. How hard can it possibly be to partner with an existing service to do the conversion as part of a transaction?
EDIT: I guess it's possible to do the conversion yourself and have a bank account in one of those currencies to use to do PayPal, so the practical impact is probably limited, but still. PayPal's whole point is to facilitate moving funds from Point A to Point B. You've got one job here, guys.