Posts Tagged: PayPal
5

The User Agreement Trust Economy

How many user agreements have you digitally signed? With Apple, with insurance companies, with Google, with Twitter, Facebook, and a thousand random web startups? How about with Paypal—a Delaware corporation whose user agreement "authorizes PayPal to place holds and reserves at its sole discretion and does not require it to inform users of its reasons for doing so"?

The only reason you're not getting hosed a thousand ways to Sunday by all these companies is reputation management. Hordes of unhappy customers means loss of business and an eventual sinking of the ship. Millions of us have given all our data, private information and even banking duties to companies based [...]

5

Just How Badly Does Money Want To Be Free?

Hey, remember how we saw that Wired piece on Money Wanting To Be Free coming down the pike and we were like, uh, oh boy? Hey, it is here now! And it asks: "What if people could transfer money over Twitter for next to nothing, simply by typing a username and a dollar amount?" Well, what if I could shit gold coins, and pay people simply by pulling down my pants? That is totally possible as well, if I swallowed a bunch of gold coins and then had the ability to excrete at will. Let's make this happen, people! Okay, but seriously, it's fair to agree with [...]