Business Magazine

PayPal Fined $25million Related to the Pay Later Button

Posted on the 21 May 2015 by Worldwide @thedomains

PayPal got hit with a $25 million fine for deceiving their customers. The pay later button is at the root of the problem, I know when I first started seeing it I thought it was annoying. I just want to pay for my domain registration, not looking to pay later for $10.99.

Boing Boing covered the story:

A few months ago, I noticed that PayPal put a “pay later” button where the usual payment button would be. It’s a tricky way to snooker users into the credit/debt treadmill, and PayPal has been fined for this fraudulent behavior, writes Josh Lowensohn.

The organization says PayPal signed people up to the service without their permission, deceptively advertised its benefits (which never materialized in some cases), forced users to use PayPal Credit instead of other payment methods, and “mishandled” billing in a way that raked up late fees and extra interest charges. All in all, very bad things for people trying to spend money on the internet.

“Many of these consumers learned of their PayPal Credit accounts for the first time when they received billing statements with accrued late fees and interest charges, or when they received debt-collection calls,” the complaint says.

Read the full story on Boing Boing


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Black and Gold Hues Wedding Inspiration with a Modern Flair

    Black Gold Hues Wedding Inspiration with Modern Flair

    Today, we’re sharing with you a wedding inspirational shoot that took place in Santorini, an ideal summer destination. An impressive table with black and gold... Read more

    12 hours, 19 minutes ago by   Eleni Balkouli
    LIFESTYLE, TRAVEL, WEDDING
  • A Fun Class

    Class

    Last night was the tenth and last meeting of my Wordplay class -- and what fun it's been! The students have written to prompts of taste, touch, smell, sound, an... Read more

    12 hours, 22 minutes ago by   Vickilane
    CREATIVITY, PHOTOGRAPHY
  • Concert Review: The Next Giant Steps

    Concert Review: Next Giant Steps

    Lawrence Brownlee in a fierce Liederabend at Zankel Hall. by Paul J. Pelkonen Tenor Lawrence Brownlee explored 19th century and contemporary song at Zankel... Read more

    14 hours, 31 minutes ago by   Superconductor
    CULTURE, THEATRE & OPERA
  • Roly Poly Rhubarb Pudding

    Roly Poly Rhubarb Pudding

    When I was a child I could hardly wait for Rhubarb Season to roll around. My mom would make us our favourite rhubarb pies. They were so tasty, served warm with... Read more

    15 hours, 22 minutes ago by   Mariealicerayner
    FOOD & DRINK, RECIPES
  • Why Dental Care Practices Need to Manage Their Online Reputation

    Dental Care Practices Need Manage Their Online Reputation

    In times when online reviews are playing a decisive role in customers’ decision making, healthcare providers cannot just sit back with folded hands, and let... Read more

    17 hours, 22 minutes ago by   Ajay Prasad
    BUSINESS, MARKETING & ADVERTISING
  • 12-year-old Stole His Parents’ Money and Ran Away on Holiday

    12-year-old Stole Parents’ Money Away Holiday

    A 12-year-old boy from Sydney, Australia stole the parent‘s credit card, tricked his grandmother to give him the passport, and went on a holiday in Bali after... Read more

    The 24 April 2018 by   Poundtravel
    TRAVEL
  • Sedo Weekly Sales Led by SysAdmin.com

    Sedo reported their weekly sales and SysAdmin.com led the way at $55,000. A.tel sold for $5,500, I have not seen a .tel sale in awhile. 40 .com sales 24 cctld... Read more

    The 24 April 2018 by   Worldwide
    BUSINESS, TECH

Magazines