22 replies to this topic 1 votes

[ChopSuey]

Quote

After banning several of the largest file-hosting sites, PayPal is now taking aim at Usenet services. The payment processor has just cut off several providers of Usenet services and frozen the funds in their accounts. These actions are due to growing copyright infringement concerns which have resulted in an extremely strict and in some cases privacy-violating set of requirements being laid down by the payment processing company.
PayPal is widely known for their aggressive stance towards BitTorrent sites and file-sharing services, and now this policy has also been actively applied to Usenet providers.
On Tuesday, PayPal cut off its services to five Usenet resellers including XSUsenet, EasyUsenet and Usenet4U, reports the Dutch news site Tweakers. The Usenet providers can no longer accept PayPal payments and the funds that remain in their accounts have been frozen for 180 days.
While this is the first time that we have heard about Usenet providers being banned, the actions don’t come as a complete surprise. To be accepted by PayPal, file-hosting services now have to comply with a list of far-reaching demands entirely targeted at copyright-infringing and otherwise illegal files.

Read full article here: http://torrentfreak....oncerns-121121/

[Growled]

Well, that just sucks.

[TRC]

That's really stupid. Usenet isn't just used for piracy, nor are file hosting sites. Just another reason to hate Paypal.

[roadwarrior]

Not surprised. PayPal closed my account last year for selling legitimate copies of Windows because 2 or 3 customers (out of dozens I sold) had issues installing them and claimed that they weren't genuine (which was nonsense).

[Growled]

^ Yeah, paypal really sucks. I've just about stopped using them unless it's a case of have to.

[ChopSuey]

Looks like PayPal may have received pressure from RIAA/MPAA to cut off these providers. A lot of the providers that got banned are overseas, so the RIAA/MPAA can't touch these companies with traditional methods. Since PayPal is American, they can pressure PayPal into banning these companies from using their system.

[+chAos972]

One of the things I miss from Aus is that the banks there actually were ahead of the pace with online features and technology. Since moving I've had to learn how to deal with cheques instead of just being able to direct deposit rent into my housemate's bank account.

It didn't take long before I understood how Paypal came to exist in the first place.

[DARKFiB3R]

Hope bitcoin takes off in a big way. Screw paypal.

[Enron]

DARKFiB3R, on 22 November 2012 - 01:16, said:

Hope bitcoin takes off in a big way. Screw paypal.

I don't trust a bitcoin, but maybe another alternative.

[xendrome]

DARKFiB3R, on 22 November 2012 - 01:16, said:

Hope bitcoin takes off in a big way. Screw paypal.

How is bitcoin anywhere near Paypal.. (BTW yes paypal is horrible and I would never use it) but bitcoin isn't real money, is it?

[The Laughing Man]

First attacks launched on Usenet, It's a sad day

[AWKM]

xendrome, on 22 November 2012 - 01:28, said:

How is bitcoin anywhere near Paypal.. (BTW yes paypal is horrible and I would never use it) but bitcoin isn't real money, is it?

Which begs the question, how "real" is a 1 dollar US bill for example?

It's just a piece of paper and has no intrinsic worth whatsoever.

[DARKFiB3R]

xendrome, on 22 November 2012 - 01:28, said:

How is bitcoin anywhere near Paypal.. (BTW yes paypal is horrible and I would never use it) but bitcoin isn't real money, is it?

I suppose you could look at bitcoin like a foreign currency, which you buy with "real" money. The country where it is accepted is the internet.

You can also "mine" it, but that's a whole other story.

[Enron]

technikal, on 22 November 2012 - 01:37, said:

Which begs the question, how "real" is a 1 dollar US bill for example?

It's just a piece of paper and has no intrinsic worth whatsoever.

Well, the dollar is backed by Barack Obama. The bitcoin is backed by some guy living in a basement.

[THE_OBSERVER]

Yea im not down with paypal, ill use them but only if i have too. Think ill have a look at bitcoin now!

Enron, on 22 November 2012 - 01:58, said:

Well, the dollar is backed by Barack Obama. The bitcoin is backed by some guy living in a basement.

and what about people outside the US. Paypal was usefull for me to pay for goods inside the US from outside the US!