Somebody check Luxembourg's banking laws

Since PayPal is now a bank registered in Luxembourg, perhaps there's a hard and fast rule about such carelessness.

"Dear PayPal: Because of your obvious stupidity and carelessness, you are now de-registered as a bank under the laws of Luxembourg. We have standards to uphold. Signed, Luxembourg Banking Authorities."

Paypal

Wonder if this is why I'm still waiting for them to release a payment from holding for some tat I flogged on Ebay t'other day? I know its nothing to do with waiting for the feedback, since thats come back positive.

@Somebody check Luxembourg's banking laws

Highly doubt that will happen. Im sure they have the money and probably know where it is since something of this magnitude would be well....bad. My guess is that if they are still making money for Luxembourg then its a dont ask dont tell policy. Personally I feel sorry for the nitwits that got caught up using PayPal for this.

/mines the one with the CASH in the pocket

Missing batch file?

There's your problem.

They're still running DOS.

I think...

...that Google should start up an online auction site with associated payment mechanism. It would clean up. eBay and Paypal have taken the piss for too long. Time for some competition. Perhaps craigslist to invest in more UK-centric advertising/presence?

Tombstone as I hope eBay dies for the way it treats users, and thus PayPal likewise.

Have any local authorities used this facility?

If local authorities have used this facility, then quite clearly it is an act of terrorism by the Luxembourg Bank called PayPal. And so it should immediately be impounded by the UK under the 2000 terrorism legislation and sold on 18 hours later to someone that Darling likes.

Not quite sure that it is a joke, but that will be my plea when the black helicopters come.

WOW!!

there are people who actually want a card with gaypal on it ?? who do not know how messed up and gaypal are? and do not know what a bunch of robbing bas*ards the are ?

WHAT THE HELL ARE YOU PEOPLE THINKING ?? please go remove yourselves from the gene pool immediately

Thank you

Even paris wouldnt sign up for this

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@AC

When they say "batch file", they're probably referring to a banking batch - e.g., a collection of credit card transactions that all run at once is referred to as a "batch". I doubt they meant "batch file" in the DOS sense.

Besides, they probably run OS/2 Warp :)

Confusion

The money finally appeared late yesterday afternoon over 24 hours late and it only seemed to affect the load dated for the 8th. Payments were never lost they just weren't applied, call centre staff could find your payments on the system they just hadn't gone anywhere.

There seems to be a lack of knowledge over what happened, the call room staff first knew about it on Thursday evening and many were surprised to come in on Friday to find it hadn't been sorted. I was told Friday morning there was a meeting of management but at that point no one knew what was actually going on or if later payments would go through.

Call staff were given a script over what to say if anyone asked for compensation. Usual stuff, equipment failure, power cut etc but when asked if any of these exclusions were the reason for the problem they admitted they didn't know.

I didn't know FailPal was a Luxembourg-based bank!

Lost a DLT tape with batch payments in the mail? I'm sure these guys will be in touch:

http://www.cssf.lu/

Actually, if this has to do with VISA, the one who is most assuredly involved is the local credit card payment clearinghouse, which AFAIK have some sort of quasi-monopoly in Luxembourg:

http://www.cetrel.lu/

Paris, because even she would know that PayPal shall be avoided.

@As someone ...

I have always used PayPal since close to it's founding date and the one thing that people forget about PayPal is that it is NOT a bank. It never has been and I don't give a tw@t hair about where it's being incorporated as a bank.

It's. Still. Not. A. Bank.

What it DOES do passably well is work as a money transfer service. I think of them as the exchange broker that takes a cut any way they can but still gets the money to the other person. Of course recently their track record of doing just that is rather poor.

My PayPal account almost always has a zero balance in it. As soon as money comes in I take it out using the debit card and put it in my proper bank account. On the reverse I have it set to pull money from a separate checking account not my main one. This prevents freezing my main checking and prevents lost money in the PayPal account because there's nothing in there.

Paris because she knows all about proper servicing.

@ blackworx

Calm down dear. Words change their meanings. AFAIK 'gay' is used in a derogatory way in the patois of younger people - however this does not in anyway refer to homosexuals or the practices thereof. Gay has had a long an illustrious career before it was commandeered to mean friends of Dorothy - and I for one look forward to the day it will resume its place in the lexicon and simply mean cheerful/happy.

Evil PP

Would these be the same people that can freeze your account on a whim, keep your money for 180 days and then hide from any jurisdiction because they're sheltered by the Luxembourg government?

@ Justin Case

top post!

Their credit card is broken too

I've been trying to make a payment against my credit card account for ages! Their web site (a portal front-end to GE Money) fails every time. They tell me they're aware of the problem and are looking to fix it, but it's been broken for weeks. In the meantime I keep missing my payment dates and they're not charging me for that.