this post was submitted on 23 Dec 2024
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1039
PayPal Honey steals affiliate links and lies about finding the best coupons (youtube.com)
submitted 3 days ago* (last edited 3 days ago) by [email protected] to c/[email protected]
215 comments fedilink hide all child comments
 

๐Ÿ–• Fuck PayPal

And fuck Linus Tech Tips for intentionally keeping quiet about this after they found out.

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[โ€“] [email protected] 24 points 3 days ago (1 children)

PayPal is not a bank. Your funds are NOT FDIC insured, no matter what their docs say.

[โ€“] [email protected] 15 points 2 days ago* (last edited 2 days ago)

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.