The Dark Truth About PayPal

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  • Опубліковано 24 гру 2024

КОМЕНТАРІ • 2 тис.

  • @MagnatesMedia
    @MagnatesMedia  5 місяців тому +485

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    • @nepboost3741
      @nepboost3741 5 місяців тому +4

      first

    • @suryakamalnd9888
      @suryakamalnd9888 5 місяців тому +2

      Amazing bro! I'm a really big fan.. I've been waiting for your video!!

    • @JemineOkoturoh
      @JemineOkoturoh 5 місяців тому +3

      Could you do a Walt Disney video next I know the story but I would like to hear it from your voice 😭

    • @rvngbn5591
      @rvngbn5591 5 місяців тому +1

      One of the best channels on UA-cam.

    • @a21a2
      @a21a2 5 місяців тому +2

      Do you have a tiktok course
      and do you want to create shorts

  • @CHILLknowsfootball
    @CHILLknowsfootball 5 місяців тому +2142

    Companies usually start by trying to fix a problem. Then when they get big they become the problem.

    • @Alx-je7oj
      @Alx-je7oj 5 місяців тому +36

      So true actual facts. Is that a way to value a company or determine its lifespan? Does the company still solve the problem it was created to do so? Interesting..

    • @fatstogie
      @fatstogie 5 місяців тому +31

      I think it’s mostly due to the investors sometimes and the profit margins in others

    • @tigerwoods373
      @tigerwoods373 5 місяців тому

      I think it goes back to these companies going public and having to now on have never ending growth. I think we have reached a point of growth that is unnatural and it's not from innovation. Some markets can keep growing because there's more people like medical or hospitality.
      But there's only so many people you can get to buy a new iPhone. So what do they do? They force out independent repairs so they can charge whatever they want. It's not that they aren't skilled enough, Texas Instruments for example will not sell chips to anyone else so these repair shops can't get parts.
      You're opted in by default to allowing your data to be sold. Your stores pictures are being used to train ai so they can cut workers or profit from ai another way.
      It's no longer about providing a good service or product and innovating it. It's about screwing everyone they can in any way they can. Look at how common subscription services are now. Is that because they're better? Maybe some find it easy to have a charge automatically but many times you can't cancel nearly as easily. You'd have to send certified mail.
      I feel we are nearing a tipping point. Either our government is going to start regulating and not allowing them to bend people over or people will revolt in some way

    • @nauikun652
      @nauikun652 5 місяців тому +25

      apple will pretend they never saw this comment.

    • @Sichelschnitt
      @Sichelschnitt 5 місяців тому +6

      Sounds like leftist blabla to me

  • @forsdykemontague1017
    @forsdykemontague1017 3 місяці тому +193

    Bit like UA-cam, I pay a monthly fee to get no Ads then have to watch loads of ads built into the video, and thats getting more and more common.

    • @Everythings0714
      @Everythings0714 3 місяці тому

      Cancel your youtube premium and just watch youtube thru the brave browser. No ads at all. Save a fortune.

    • @theluschmasterinc
      @theluschmasterinc Місяць тому +4

      I think it's also because more people are becoming affiliate partners with the brands they work with so they do more in video ad readings.

    • @AbsurdImprobability
      @AbsurdImprobability Місяць тому +6

      Once and quick is fine. This dude doubled down on us. Not subscribing to that. Sadly content was decent too, but I value my time and there's channels that don't even use in video ads.

    • @DarthKarim
      @DarthKarim Місяць тому +2

      @@AbsurdImprobability get youtube sponsor block :)

    • @Zenvixity_EDITZ
      @Zenvixity_EDITZ Місяць тому

      @@DarthKarimwhat’s dat

  • @bullmarket_hungary
    @bullmarket_hungary 5 місяців тому +168

    My first business was literally shut down because of PayPal freezing my funds for no reason. This was 10+ years ago. Ever since, I avoid them like cholera.

    • @lifuranph.d.9440
      @lifuranph.d.9440 3 місяці тому +9

      Same with me.

    • @hype12345
      @hype12345 Місяць тому +3

      Best Advise !

    • @poindextertunes
      @poindextertunes Місяць тому +3

      the banned me for missing a payment on a paypal credit acct. petty af 😒

    • @Minero-w6u
      @Minero-w6u 24 дні тому +1

      @@poindextertunesgotta pay wtf

    • @Mostmanka
      @Mostmanka 17 днів тому

      Any company which uses automated customer service support (chatbots) is rubbish. Applies for PayPal, anything from China (Aliexpress) etc.

  • @scottkelley9418
    @scottkelley9418 5 місяців тому +19

    I was a 20-year customer of PayPal and a couple years ago when they started their crap with wanting to fine me for wrong think... I shut it all down. I don't understand companies that start up to help people and fix a problem and decide they're going to switch to social engineering

  • @lucasmozard1321
    @lucasmozard1321 5 місяців тому +159

    I love how there’s an ad for a financial platform that sounds too good to be true… whilst basically watching a video about something that was too good to be true 😂

    • @ya-rx8nd
      @ya-rx8nd 2 місяці тому +4

      The offer from that platform is basically the same as what WeBull was offering.

  • @B1SQ1T
    @B1SQ1T 5 місяців тому +1168

    Missed opportunity from eBay to call it ePay

    • @Wyntixty
      @Wyntixty 5 місяців тому +47

      absolutely goated comment

    • @daimsaeed
      @daimsaeed 5 місяців тому +36

      That wouldve been disastrous for paypal

    • @brad9529
      @brad9529 5 місяців тому +11

      Definitely a good name, shame it's already gone.

    • @Maybekadyn
      @Maybekadyn 5 місяців тому +131

      EPay was already a registered trademark before PayPal was created so they didn’t have that option. They tried to buy the name when making PayPal but the owner wouldn’t budge on less than 5% equity in the company at its infancy. But none of that actually matters because I made it all up.

    • @alejandroestevan8547
      @alejandroestevan8547 5 місяців тому +44

      @@Maybekadynbro i love the trolls your a real one 😂

  • @danielscheuch
    @danielscheuch 5 місяців тому +374

    You left out how paypal no longer refund the transaction fees if a payment is refunded.

    • @CHMichael
      @CHMichael 5 місяців тому +34

      Isn't that the biggest daily scam they do? Leaving that out is pretty bad.

    • @eralps
      @eralps 5 місяців тому +6

      I refunded and didn’t have this issue a week ago

    • @mjouwbuis
      @mjouwbuis 5 місяців тому

      I feel that a very important one.

    • @mjouwbuis
      @mjouwbuis 5 місяців тому +4

      @@eralps so you as a vendor refunded your payer in full and the original transaction fees were paid back to you by Paypal? Please tell me your settings so I can apply them as well.

    • @prikulis10
      @prikulis10 5 місяців тому +7

      @@mjouwbuis I'm sure he's thinking as a buyer he got a refund not realizing he doesn't pay the fees

  • @rad4924
    @rad4924 5 місяців тому +196

    Elon Musk seems to be obsessed with renaming everything "X".

    • @vilkensaintfar
      @vilkensaintfar 4 місяці тому +12

      I've said the exact same thing, something about that X.

    • @stickfigureyellow.exe1
      @stickfigureyellow.exe1 4 місяці тому +17

      His vision was and is to create a super app which would include social media, posts, short form videos, long videos, direct messaging, filters, payments and transactions, a search engine, etc...

    • @someguy4252
      @someguy4252 4 місяці тому

      @@stickfigureyellow.exe1 super apps are bad news... china social credit levels of bad news at min.

    • @Future_Pheonix
      @Future_Pheonix 4 місяці тому

      They all seem to be aiming at centralised control.. The quickest and easiest way to enslave most of us

    • @cyphaborg6598
      @cyphaborg6598 4 місяці тому

      The problem with that vision is a monopoly, sometimes a service becomes so generally used that anything you do to give you an edge is becoming borderline illegal.Something Google is finding out ATM.

  • @chals1117
    @chals1117 5 місяців тому +815

    4 sponsor ads in a single video is wild

    • @deeplyjuniper
      @deeplyjuniper 5 місяців тому +47

      Seriously 😭

    • @magdalenasracz
      @magdalenasracz 5 місяців тому +15

      Real😂

    • @adredy
      @adredy 5 місяців тому +15

      Dark mafia 😂

    • @raysieelmo
      @raysieelmo 5 місяців тому +86

      1st ad was on how to make videos, 3rd was how to get AI to make your videos. 😂

    • @cjoshy
      @cjoshy 5 місяців тому +98

      Bro is digging a grave for his UA-cam channel.

  • @garyhutson9742
    @garyhutson9742 4 місяці тому +37

    I only use PayPal so that I can shop online and not have to give every website my credit card and banking information. I know of no other way to accomplish this.

    • @Bob-te3le
      @Bob-te3le 3 місяці тому +6

      Can you buy a money card and put money on it ?

    • @francislewis5307
      @francislewis5307 Місяць тому +3

      Buy prepaid cards

    • @ProbLemChiLd1983
      @ProbLemChiLd1983 29 днів тому +3

      Google pay

    • @SewGrannySew
      @SewGrannySew 27 днів тому

      Google is no better. It is terrible trying to stop a subscription on. Once you do finally get it cancelled, they keep taking your money unless you find a way to contact them. I fought them for 4 months to cancel a Fitbit app subscription. ​@@ProbLemChiLd1983

    • @krishereagain
      @krishereagain 9 днів тому

      @@ProbLemChiLd1983 I currently use PayPal, but am looking into alternatives; however, it seems most online stores only offer payment via credit card, debit card, or PayPal. I do Google for a lot of stuff, including GoogleFi, but have yet to look into GooglePay.

  • @TedME-j6u
    @TedME-j6u 5 місяців тому +581

    Plot-twist: the "finance-less kids" who started paypal were in fact sons of billionaires with government ties.

    • @thecuriosityloopp
      @thecuriosityloopp 5 місяців тому +98

      and Jewish

    • @Lord_Nikon33
      @Lord_Nikon33 5 місяців тому +36

      Can you elaborate on their government ties and family history? Or tell me where I can read about it please?

    • @CHMichael
      @CHMichael 5 місяців тому +28

      ​@@Lord_Nikon33we know where elons money came from ... not his dad.

    • @Epidian
      @Epidian 5 місяців тому +13

      ​@@CHMichaelI don't.

    • @jamiebrooks3864
      @jamiebrooks3864 5 місяців тому +15

      ​@@Lord_Nikon33be good start for you to start critical thinking and basic research, then you can find information yourself

  • @zacharywissinger3996
    @zacharywissinger3996 Місяць тому +7

    In their defense, who leaves positive reviews for a payment processing company when things goes right: Nobody.

  • @GaryCameron780
    @GaryCameron780 2 місяці тому +9

    Happy Wise customer here. I removed both my corporate and personal PayPal accounts over the debacle of them wanting to fine people they didn't like.

  • @bigload6
    @bigload6 5 місяців тому +80

    PayPal has become an absolute mess lately. You're account will get banned randomly and won't give you a reason. Spent hours of phone calling, emails and I finally got it back. Good luck to anyone going through that pain! Hopefully this video talks about all that drama because I've seen online that so many people have had that issue.

    • @ponzo1967
      @ponzo1967 5 місяців тому +5

      Sounds like Coinbase

    • @dj90-d8q
      @dj90-d8q 5 місяців тому +3

      And what do they write to you ?

    • @alexzyhz
      @alexzyhz 5 місяців тому +6

      I have used PayPal for over 10 years now and I have never had any problems. Not once, I needed one time support and it went very well, fast and direct.

    • @cwired9407
      @cwired9407 5 місяців тому +4

      Yup they stole 1000 from us - told us it would be returned in six months. Years later still waiting. NEVER leave money in the paypal or venmo accounts - always send it immediately to your bank.

    • @michawisniewski4654
      @michawisniewski4654 5 місяців тому +1

      same despotism like on ex-twitter these days

  • @ElementofKindness
    @ElementofKindness 4 місяці тому +53

    My personal nail in the coffin, was when they threatened to fine wrongthink. I couldn't close my account fast enough!

    • @YtuserSumone-rl6sw
      @YtuserSumone-rl6sw 3 місяці тому +7

      Yes. That is a line nobody can cross. Policing thought by freezing and confiscating money etc. canceling.

    • @OurFreeSociety
      @OurFreeSociety 3 місяці тому

      All of these companies are part of the evil collective. This was all pre-planned. PP isn't responsible for this even though it's an evil corp, the evils are. This platform is very evil too. It deletes or bans my comments all the time.

    • @artsmith103
      @artsmith103 21 день тому

      When was that

  • @motorcitywestauto4674
    @motorcitywestauto4674 5 місяців тому +237

    Jesus Christ with the ads. It's worse than cable TV.

    • @simonkevnorris
      @simonkevnorris 5 місяців тому +5

      What ads? An ad blocker would help.

    • @motorcitywestauto4674
      @motorcitywestauto4674 5 місяців тому +31

      @@simonkevnorris I have premium. I'm talking about all the ads embedded in the video itself. There's an ad blocker for that?

    • @simonkevnorris
      @simonkevnorris 5 місяців тому

      @@motorcitywestauto4674 I was watching the video on my Kindle and apart from a brief advert before the video plays I get no other adverts. I'm not sure what I have on the Kindle to prevent that - I know at one stage (a long time ago) I did try and apply an ad blocker but I'm not sure if it worked or not I also watch YT on my laptop and I use uBlock Origin on that.
      I don't have YT Premium either.

    • @OnigoroshiZero
      @OnigoroshiZero 5 місяців тому +3

      @@motorcitywestauto4674 you know you can just skip them right?

    • @motorcitywestauto4674
      @motorcitywestauto4674 5 місяців тому +27

      @@OnigoroshiZero yeah I can FF thru, but I'm a mechanic and 99% if the time my hands are loaded with grease so I leave me fone off to the side.

  • @TheXppp1
    @TheXppp1 5 місяців тому +155

    Here in mexico paypal isn't even allowed to keep your money, they are forced to transfer asap to your bank account

    • @jessenthebenezer
      @jessenthebenezer 5 місяців тому +15

      same thing in india.

    • @jmg9509
      @jmg9509 5 місяців тому +27

      Should be like that everywhere because they are ridiculous. Shouldn't be allowed to freeze people's money for months on end.

    • @cronox6285
      @cronox6285 5 місяців тому

      @@jmg9509 No. You're wrong. It actually helps otherwise. Mexico's Government doesn't want you to escape anything from taxes or regulations. So they force you to send own private to public checks.
      Meanwhile, they have narcos hiding their money in face-public banks. Paying those same politics, to do the same policies. Paypal is a great opportunity against inflation from other currencies, denying it is denying almost a right.

    • @magdalenasracz
      @magdalenasracz 5 місяців тому +2

      Idk what it looks like here in Poland (because ive never used PayPal lol) but i hope its the same

    • @m1kmain
      @m1kmain 5 місяців тому

      ​@@magdalenasraczits not

  • @adiamondintheroughcleaning8824
    @adiamondintheroughcleaning8824 5 місяців тому +217

    I still have money setting in one of my old employees account that she wasn't able to access. I ended up having to send her money a different way. This was over 5 years ago. Neither of us could get the money.

    • @B0xlife1
      @B0xlife1 5 місяців тому +19

      Out of his pocket, but the other money still in the account get it? I think you should log into that account and try to access it at least add a different card or another account so you can withdraw it out

    • @therrymortel3135
      @therrymortel3135 5 місяців тому

      Same here. I did not get mh money when they locked me out of my accounts. I called the Costumer Service and they have robot answering my enquiries. Im calling international so it expensive asking ne to wait and redirect me to another person. Just wasting my time.
      Its actually a scam. Its my personal experience.

    • @johnrhodes3350
      @johnrhodes3350 5 місяців тому

      ​@@B0xlife1your a genius, I bet he never thought of that.

    • @hi_lol1912
      @hi_lol1912 4 місяці тому

      Eeeeeeeeeeeee

    • @berthageorge2627
      @berthageorge2627 3 місяці тому +4

      I had a personal account ,funds were left on my card also. Never could get customer service ever. I jump that ship ,that's the worst for business,no one to take a call from customers.😊

  • @PedroHenriqueFortesBartoli
    @PedroHenriqueFortesBartoli 3 місяці тому +6

    Hi Magnates Media, I am a Brazilian fan of your channel and I would love to see you tell the history of Eike Batista, a Brazilian entrepreneur that created an empire of more than 30 Billion Dollars and fooled a lot of people.

  • @trippycat
    @trippycat 5 місяців тому +43

    It feels so unreal to me how easy investments get made in these stories… Like you just randomly attend a lecture and tell the guy about your idea and he’s excited right away lol guess that’s what means to be in the right place in the right time

    • @Boris_V
      @Boris_V 5 місяців тому +6

      It's not about being in the right place at the right time. It's about having a good idea and the skills to sell it well. Tonnes of people try to get investments all the time and fail, tones of people do get investments and still fail. The stories in these video's are about the very few that are very successful.

    • @virtualgambit577
      @virtualgambit577 4 місяці тому +8

      It’s all about who you know and who your daddy is. Not just any college kid will get to chat with lecturers willing to throw money at their ideas. But if you have the right last name and “get in” with the right crowd, you’re golden even if you do nothing but screw up.

    • @OurFreeSociety
      @OurFreeSociety 3 місяці тому +2

      It's all a lie. He lied about muskot who is an evil collective.
      He also said they all didn't have money & I never investigated the original founders of PP, but muskot comes from money & evil parents.

    • @TenaB-j2l
      @TenaB-j2l 3 місяці тому +1

      More about WHOM the person is at the right place and right time.

    • @firandcurly84
      @firandcurly84 2 місяці тому +1

      Every business I opened daycare, braiding shop, barbershop and my baby my Senior home care company, I had come correct with the number. Are these businesses potentially profitable I had to get people to double check my numbers. I was adding subtracting like a Dickens. I still got denied at the bank . I had to fund these in business on my own. I'm glad I did it all worked out but, how do you start to a business not knowing how you're gonna make money.then do that for years and still continue to get funding. That's why they're so private and so secretive and because they don't want anybody to know what kind of lopsided stuff they're doing to make money. Chile this don't make no sense

  • @j2skillful
    @j2skillful 5 місяців тому +427

    I had a hard time focusing on the details because every time you said "x" I imagined Twitter lol

  • @mr.robot619
    @mr.robot619 5 місяців тому +193

    Ever since the term " Paypal mafia" has been coined, Silicon Valley had a totally different vibrant theme

    • @JamilaJibril-e8h
      @JamilaJibril-e8h 5 місяців тому +5

      Pay pal and silicon valley are different things, there's still hope for PayPal

    • @UnknownSend3r
      @UnknownSend3r 5 місяців тому +2

      What kind of vibrant theme ?

    • @brandonburns5365
      @brandonburns5365 5 місяців тому

      ​@@JamilaJibril-e8hno it's not😅 it's a cut out

  • @samanthas6073
    @samanthas6073 2 місяці тому +8

    I guess I’m the last person on earth to realize Elon Musk was involved with PayPal. I just always assumed Tesla was his only thing and now Twitter.

    • @ericedge2929
      @ericedge2929 2 місяці тому

      No, I think there is an undiscovered tribe in Indonesia that don't know either :)

    • @Tony-x4h
      @Tony-x4h 11 днів тому

      better add me to that list as well

  • @Baz-ur7wv
    @Baz-ur7wv 28 днів тому +1

    Having spent 38 years working in media post production at the very highest level in movies and advertising and before the days of SM.
    I have to say the production value and scriptwriting on these videos is outstanding.
    I can see from experience how long these videos take and the little easter egg touches are superb..Especially in the opening title outro with the Paypal confirmation.
    Bravo Magnate..A level above!!

  • @lengting
    @lengting 5 місяців тому +185

    The editing is top tier

    • @highlights973
      @highlights973 5 місяців тому +2

      you speedrun the whole video

    • @lengting
      @lengting 5 місяців тому +9

      @@highlights973the intro says it all mate

    • @adredy
      @adredy 5 місяців тому

      AI dark scam😅

    • @kappesante
      @kappesante 4 місяці тому

      nope

    • @highlights973
      @highlights973 4 місяці тому +1

      @@kappesante wydm

  • @Emanuelgamer1313_BACKUP
    @Emanuelgamer1313_BACKUP 5 місяців тому +97

    The editing in these videos are always so good, it's unbelievable.

    • @kappesante
      @kappesante 4 місяці тому

      why?

    • @evanteaches
      @evanteaches 3 місяці тому

      It's AI

    • @jenniferh7020
      @jenniferh7020 Місяць тому

      Yup, AI. The narrator definitely sounds like an AI voice too.

  • @jeffreywolfe1723
    @jeffreywolfe1723 5 місяців тому +4

    It is unnecessary for him to provide a response. Being the CEO does not grant you the authority to act without considering the potential repercussions. I have never held Elon Musk in high regard, and that sentiment is unlikely to change.

  • @MrTheblackopsdude
    @MrTheblackopsdude 4 місяці тому +31

    Your content is great, but man, an ad every 3 minute is brutal when you’ve got the phone in your pocket

    • @kappesante
      @kappesante 4 місяці тому +1

      well, 'great' is a little too much

    • @StatusNull
      @StatusNull 4 місяці тому +4

      @@kappesante Maybe entertaining, but not quite worth the ads.... other channels out there do the same thing with less ;)

  • @bj-ok7bi
    @bj-ok7bi 5 місяців тому +364

    Fun Facts: when you double tap on a comment you can like it

    • @syaarif
      @syaarif 5 місяців тому +12

      Really, here is a like for you!

    • @TimSip12
      @TimSip12 4 місяці тому +5

      Not for iPhone evidently. I left a like anyway (;

    • @meganstapleton4960
      @meganstapleton4960 4 місяці тому +5

      Niice! 🤘

    • @sleepycloud9738
      @sleepycloud9738 4 місяці тому +5

      @@TimSip12 I did it and I have an I phone, maybe it was an update delay?

    • @TimSip12
      @TimSip12 4 місяці тому +3

      @sleepycloud9738 I’m not sure, still doesn’t work for me. Maybe in need of an update

  • @Copiio
    @Copiio 5 місяців тому +37

    Adobe and their subscription scandal is another good topic. They are forcing business accounts to keep paying by disconnecting in chat and hanging up on phone calls.

    • @AbrahamLure
      @AbrahamLure 4 місяці тому +9

      Yes I can confirm this is a very real and serious issue. As a company owner I could not close our Photoshop account because the account was created by a previous employee (but under our business account, only time their name was used was for the billing info)
      Like bro I'm not about to hold them hostage and make them come back to the company just to cancel our Photoshop licence? The hell

    • @_.Leo_.
      @_.Leo_. 4 місяці тому

      ​@@AbrahamLuresounds like a dumb company owner. RIP

    • @virtualgambit577
      @virtualgambit577 4 місяці тому +3

      They’re actually facing several lawsuits about this right now

    • @ifeanyichukwuikwecheghe1363
      @ifeanyichukwuikwecheghe1363 3 місяці тому +3

      I have had my subscription run for nearly 9 months when i have no use for the product anymore because i couldn't comprehend paying almost the entire contract cost because i want to cancel early. That's pure hostage taking

    • @OurFreeSociety
      @OurFreeSociety 3 місяці тому

      @@AbrahamLure - all of these companies are scam companies. You have no idea. Do you know who owns the entire world? It's 3 companies.

  • @SamuelKim99
    @SamuelKim99 5 місяців тому +32

    *When someone becomes rich, a lot of things change. Lifestyle upgrades, new social circles, and different financial responsibilities are just the beginning.*

    • @SpruiellWoodbridge
      @SpruiellWoodbridge 5 місяців тому +2

      You mean like getting a private jet instead of flying commercial?

    • @MartinesGuziczek
      @MartinesGuziczek 5 місяців тому +1

      more opportunities for investment and philanthropy increase as well

    • @MichaelGillespie-MG
      @MichaelGillespie-MG 5 місяців тому +1

      Managing wealth becomes crucial. Professional advice from expert financial analyst and advisors are important.

    • @JOEY-HUFF
      @JOEY-HUFF 5 місяців тому +1

      Know any experts?
      I'm really looking for a good one right now

    • @MichaelGillespie-MG
      @MichaelGillespie-MG 5 місяців тому

      Brian Humphery Services was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Brian.

  • @spectre750
    @spectre750 5 місяців тому +3

    The dominance of a single online payment system has been grossly detrimental to competition and therefore detrimental to users.
    The merger should never have been allowed to go through.
    I ditched PP when they implemented the 2.5k fine and started banning accounts of political figures since they had become an activist company that had too much power and no regulatory oversight.

  • @lilstich8402
    @lilstich8402 2 місяці тому +13

    It might seem weird, but this channel is one of my comfort channels.

    • @theluschmasterinc
      @theluschmasterinc Місяць тому +2

      it's pretty cool - from the storytelling to the video quality!

    • @7dyn639
      @7dyn639 Місяць тому +2

      I'm hoping for another video soon

  • @dougrodriguez4977
    @dougrodriguez4977 5 місяців тому +4

    I just closed my 18 year old PayPal and eBay accounts. Hate them both equally.

  • @Labadienaa
    @Labadienaa 5 місяців тому +28

    Finally you came back with another video about some sort of company because last video was kinda off

  • @LouisDillard02
    @LouisDillard02 5 місяців тому +15

    The PayPal story is like a rollercoaster ride through Silicon Valley-full of twists, turns, and apparently, a secret plot to overthrow the CEO. Classic startup drama.

    • @JHRIRS2010
      @JHRIRS2010 10 днів тому

      Also involved in a lot of nefarious organizations. I keep telling folks don’t go there. Venmo is also a spin-off of pay pal. People do your research to see who are dealing with. Glad this post came to light.

  • @42saram42
    @42saram42 5 місяців тому +23

    Man PayPal is dog shit these days. They locked the account I have used forever claiming fraud when I literally used it like once every 6 months to buy games off Fanatical since the foreign currency charges were cheaper than my bank. They demanded a bunch of documents I am not going to give them so it can get lost in a data breach and refused to talk to me when I asked them what was going on with my account being locked.

    • @davemurphy9468
      @davemurphy9468 5 місяців тому +4

      That sounds familiar, froze my account then sent me an email asking me to photocopy both sides of my credit card and fax it to them. Yeah, a multi-billion dollar company asking users to do that on an individual basis. I don't think so. Then the problems of trying to close my paypal account. Years later i'm getting a monthly debit on credit card, authorized thru paypal (it's website membership for my favorite football club, so i can live with it).

    • @42saram42
      @42saram42 5 місяців тому

      @@davemurphy9468 Yeah they wanted pictures of our IDs and social security cards plus proof of address. Like everything you need to steal our identities. Claimed because my husband and I both used it that it was fraudulent. The last 9 years we had done so was fine and me legally changing my first name over a decade ago also required no proof unlike my actual bank.

    • @rosemarygriffin2184
      @rosemarygriffin2184 4 місяці тому +7

      My son had the same problem, it wouldn't even recognize his debit bank card in the end, said he was doing fraudulent activity on his account, he only used it to purchase a few CD's off e-bay 🤔

    • @jeremyking9094
      @jeremyking9094 Місяць тому +2

      Imagine what Elon is gonna do when if he becomes Trumps Shadow President and gets his hands on the national budget.

  • @JJFrance
    @JJFrance 15 днів тому +1

    I quit using paypal when they started fining users $2500 for "misinformation". And who exactly gets to define what is misinformation?

  • @slug8039
    @slug8039 5 місяців тому +12

    9:27 he really thinks the letter X is the coolest thing ever 😂 tried to name multiple companies X, renamed twitter to X, named some of his children X, he even has multiple X wives...

  • @utilitarian
    @utilitarian 5 місяців тому +122

    PayPal are awful. Their customer service is horrendous and they need to go.

    • @gracekamau3997
      @gracekamau3997 5 місяців тому

      Fr?

    • @gracekamau3997
      @gracekamau3997 5 місяців тому

      Why are they bad?is it money related?

    • @TanyaRichardson-z4u
      @TanyaRichardson-z4u 5 місяців тому +20

      Holding user money for years with no basis

    • @glowghost6498
      @glowghost6498 5 місяців тому +5

      A good example of this is what happened with Belle Delphine

    • @glowghost6498
      @glowghost6498 5 місяців тому +8

      Because it’s up to politicians to decide on what’s legal, which implies what’s moral. Not some business who holds people money deciding they don’t like how you made your money. You can dislike the industry all you want but what pay pal did was not right

  • @張君好
    @張君好 5 місяців тому +15

    I got rid of my paypal account ages ago. There is no need to go through a third party for doing business online?

    • @CommSchuKadaj
      @CommSchuKadaj 5 місяців тому +5

      this honestly depends on your location a lot more than anything. Without paypal I'm kinda unable to interact with most things on the internet in terms of purchasing

    • @nonchablunt
      @nonchablunt 5 місяців тому +6

      ahaha you think visa/mc aren't third parties? even a carrier pigeon is a 3rd party

    • @davidanderson1749
      @davidanderson1749 5 місяців тому

      Even if you take card payments on website could be done through Stripe without you even realising

    • @vaderladyl
      @vaderladyl 5 місяців тому +2

      I use it almost daily. Makes my internet purchasing a breeze.

    • @admiralkaede
      @admiralkaede 5 місяців тому +2

      u already are what do u think visa and stuff are sorry to tell ya but fees from visa and master card are also rising and since banks don't own their own payment processing visa and them have all the power to do what they want

  • @OfficialDufmaan
    @OfficialDufmaan 4 місяці тому +5

    Paypal is pretty shady these days ngl, i only use it for direct payments at foreign websites like amazon, ebay etc.. or if i get money to my paypal account i transfer it instantly to my own actual bank account. Even in the future paypal will only be a middleman to me, nothing else. Interesting video though

    • @Boababa-fn3mr
      @Boababa-fn3mr 24 дні тому

      They are associating themselves with a lot of sham Asian sellers, too, with dishonest websites making them look western. It's causing me to lose trust in the service.

  • @MrLabelGuy
    @MrLabelGuy 4 місяці тому +2

    PayPal should be doing quite well. They charge companies $20 for charge backs and if a refund is given to a customer, PYPL still keeps the discount fee(s) charged for the original sale. Raking it in any way they can. At least for last couple of years. Did not do this in the past that I know of.

  • @insertnamehere5020
    @insertnamehere5020 5 місяців тому +50

    Why does every financial story start off with 'an oppressed Jewish family? '

    • @williamfarrell4754
      @williamfarrell4754 5 місяців тому +3

      Because they love violins 😂😂😂6 years and ypu best remember but 500+ years and it must be left in the past make that make sense😂😂😂

    • @Jose04537
      @Jose04537 5 місяців тому

      You can say whatever you want about Jews, but it's unquestionable that they know how to make money and mingle with politicians. Stereotypes exist for a reason.

  • @dumdebadaba
    @dumdebadaba 5 місяців тому +9

    The Chernobyl incident cannot be described as a mere explosion. It was more of a melt-down.

  • @sam-mp9fz
    @sam-mp9fz 3 місяці тому +3

    I dont like buying anything online, but some Items I am forced to since the stores dont carry it.

  • @bandera_rusofob526
    @bandera_rusofob526 5 місяців тому +11

    You make a mistake. Max Levchin is Ukrainian 1:41 , and Russia didn't exist in the 80s. There was the USSR, but Max was from Ukraine!

  • @sdaafasfad
    @sdaafasfad 5 місяців тому +2

    Love your channel bro, your story telling abilities are brilliant. I'd love one on McAfee and John Mcafee. Even though there's a few on here, your narration is what they do sorely lack!

  • @CherylWhite-yw7fs
    @CherylWhite-yw7fs Місяць тому +3

    That sucks cuz when people first started using it it was taking people's money

  • @mwilliams4371
    @mwilliams4371 5 місяців тому +26

    I never believe these started in a garage stories. Everything is who you know and your connections.

    • @dennisalbert6115
      @dennisalbert6115 5 місяців тому +5

      A bank can never start in a garage

    • @JamilaJibril-e8h
      @JamilaJibril-e8h 5 місяців тому

      ​@@dennisalbert6115😂😂😂😂😂

    • @williamfarrell4754
      @williamfarrell4754 5 місяців тому +3

      The moon landing is more believable 😂😂😂

    • @77.88.
      @77.88. 4 місяці тому +1

      Try reading the biography of Steve Jobs and his engineering partner that started APPLE IN A GARAGE?

    • @JamilaJibril-e8h
      @JamilaJibril-e8h 4 місяці тому

      @@77.88. he died he's a legend let's all do good and live

  • @JorgeGuzman-gi6fo
    @JorgeGuzman-gi6fo 4 місяці тому +27

    I used to work for PayPal. The stories I have about what they do to customers is wild.

    • @damakim9296
      @damakim9296 3 місяці тому +5

      Do tell....we're here for it

    • @babychief3090
      @babychief3090 3 місяці тому +1

      to write that,but dont write that is really got us excited.

    • @OurFreeSociety
      @OurFreeSociety 3 місяці тому

      @@babychief3090 - They heard the stories, but didn't witness them? Yeh right. clickbait.

  • @rumpoh8039
    @rumpoh8039 4 місяці тому +6

    IF YOU HAVE A MOBILE NUMBER NO LONGER AVAILABLE ON PAYPAL
    AND THEY ASK FOR SECURITY AUTHENTICATION
    YOU WILL BE PERMANENTLY EXCLUDED
    AS YOU CANNOT UPDATE NUMBER.
    THEY WON'T CORRESPOND UNLESS OLD NUBER USED
    (WHAT IF THAT NUMBER WAS DOMESTIC ABUSER NOW IN PRISON????)

    • @frankjay8137
      @frankjay8137 3 місяці тому +2

      I agree they should at least have a two factor authentication code

    • @rods.3245
      @rods.3245 13 днів тому

      Capital One did that to me, so I wrote a check for the balance, marking it "Payment in Full, close account." Done!

  • @sunray1509
    @sunray1509 3 місяці тому +2

    Bedankt

  • @yooyoo-z7p
    @yooyoo-z7p 4 місяці тому +5

    Paypal holdings is at a 66 bilion dollar marketcap now, and was 330 billion at all time high. Elon's $100m stake he cashed out would have been 33 billion if he held, but Tesla and SpaceX might not have existed

    • @rods.3245
      @rods.3245 13 днів тому

      What a dream that would be.

  • @just_mdd4
    @just_mdd4 5 місяців тому +46

    Bro is back with a banger! I'm glad your course finally came out.

    • @AdamOBrien29
      @AdamOBrien29 5 місяців тому +1

      Wow you watch videos really quickly

    • @andreimitrica77
      @andreimitrica77 5 місяців тому

      UA-cam has become a bot infested cesspit

  • @Coogi622
    @Coogi622 5 місяців тому +8

    The original Palm Pilot: writing notes on my hand with a pen. ✋️

  • @THEBULLETPROOFKINGDOM
    @THEBULLETPROOFKINGDOM 5 місяців тому +7

    When are we getting a MagnatesMedia episode on Wendy's?
    It has a fascinating history about Dave Thomas, how he introduced the Drive Thru, and the origins of its mascot.
    BTW, might I suggest the thumbnail featuring Wendy with an evil smirk in reference to the "Smug Wendy" meme.

  • @deedlebeatle
    @deedlebeatle 5 місяців тому

    MagnatesMedia is the only UA-cam channel that I can click a video of his and know that I will genuinely enjoy the content before the video even starts. Thank you Magnates!

  • @not_denes
    @not_denes 4 місяці тому +20

    i am russian, and i remember times when i saw an ad of paypal and it was about doing some simple tasks and getting money for it, paypal started from a scam

    • @shoebrux
      @shoebrux 4 місяці тому

      😂😂😂😂

    • @887310954
      @887310954 3 місяці тому

      lol, you skipped school kid. Its called freelancing

  • @rsgr3963
    @rsgr3963 5 місяців тому +12

    Paypal steal around 400+ USD of my money back in 2008

    • @77.88.
      @77.88. 4 місяці тому

      I bet none them were ever caught and served time in prison as the man says with the right connections you can buy anyone in Washington right BiIDEN and OBAMA?

  • @unboxingdoomdays5949
    @unboxingdoomdays5949 5 місяців тому +15

    PayPal treat human like shit

  • @merkridge8780
    @merkridge8780 5 місяців тому +20

    The even darker side of this story is this video contains completely regurgitated material you've already heard. Nothing new to see here.

    • @lunakid12
      @lunakid12 4 місяці тому +6

      Also, beyond calling the guys who worked on it together the "Paypal mafia", and recommending ANOTHER video to watch on that topic instead, it didn't even tell anything about how it actually is a "mafia" and what those "dark" secrets in the clickbait title are.
      Which is a shame, as otherwise it's such a nice, informative and intetesting video on their history.

    • @Paulin-b5s
      @Paulin-b5s 4 місяці тому

      Also it has a error from the start the company Thiel founded wasn't called called Paypal bevor the merger rather "Fieldlink" and than "Coinfinty"

  • @bruceellenburg429
    @bruceellenburg429 5 місяців тому +2

    Didn't PayPal fine their users $2500 for making incendiary comments on social media?

  • @vo9279
    @vo9279 5 місяців тому +1

    You publish information that is from the mid 2000's. Good Job.

  • @dabarago2
    @dabarago2 2 місяці тому +3

    You expect him to edit his videos for days and not put any sponsors?

  • @Boboinc
    @Boboinc 5 місяців тому +56

    Babe wake up magnates media posted

    • @mrhassell
      @mrhassell 5 місяців тому +4

      Get a new line.

  • @Drunken_Master
    @Drunken_Master 5 місяців тому +42

    All scammers claim that their accounts have been frozen "for no reason".

    • @GrahamCampbell-kr2gz
      @GrahamCampbell-kr2gz 4 місяці тому

      Had it happen to me. Claiming I was a Ponzi scheme. Seized money for 6 months. Provided no evidence. Eventually returned my money. I took it out instantly. Next day they made the accusation again. They are in more than 4 court cases for this.

    • @virtualgambit577
      @virtualgambit577 4 місяці тому

      My mom’s account got frozen for receiving too many payments. She works 3 jobs and has many clients that all pay her individually. PayPal absolutely screws over regular hardworking people every day for no reason.

    • @Paulin-b5s
      @Paulin-b5s 4 місяці тому +12

      True but Paypal sometimes really does that bs they freeze your account and you can send them what ever proof you have that everything was legit still it will be frozen till you drag them to court

    • @GrahamCampbell-kr2gz
      @GrahamCampbell-kr2gz 4 місяці тому

      @@Paulin-b5s Happened to me. The day they unfroze it (after 6 months and no explanation or proof), I withdrew the money SO fast. Literally 24 hours later "We are freezing your funds ...Ponzi scheme". WTF - you had it frozen for 6 months, so no transactions and now want another 6?

    • @OurFreeSociety
      @OurFreeSociety 3 місяці тому +7

      Spoken like someone who doesn't know what he's talking about. My legal guy just had his account closed down b/c one of his clients scammed him & PP demanded the money back.
      If you don't know what you are talking about, then don't' speak. It's been happening for decades. The last time I checked they had 3 class actions against them, it's probably 4 or 5 now.

  • @jaymeez
    @jaymeez 10 днів тому +1

    The AI version of Elon from back then is too flattering. There are real photos of him looking like a bald ghoul coming out from under a rock

  • @RuvinPlaysOfficial
    @RuvinPlaysOfficial 3 місяці тому

    Dude your editing is amazing! You deserve to get that shiny diamond play button for sure.

  • @SphepheloDlamini-c6h
    @SphepheloDlamini-c6h 2 місяці тому +2

    We are waiting for the next upload🙏🏽

    • @TheEpicStudio-Story
      @TheEpicStudio-Story Місяць тому

      Waiting !! Meanwhile , You maywatch our latest video about Dark truth behind Coca-Cola's Control over Mexican Government

  • @GodSpeedAmal
    @GodSpeedAmal 5 місяців тому +67

    MagnatesMedia, i just wanna say how much I’ve loved your content so far. What editing service do you use?

    • @Insect...
      @Insect... 5 місяців тому +1

      @@GodSpeedAmalhere we go again 😩

    • @Emanuelgamer1313_BACKUP
      @Emanuelgamer1313_BACKUP 5 місяців тому

      I wonder this as well!

    • @Burgandy_Bond
      @Burgandy_Bond 5 місяців тому +1

      😂

    • @jujhar.
      @jujhar. 5 місяців тому +7

      Probably Adobe After Effects

    • @sb_2378
      @sb_2378 5 місяців тому +9

      He probably doesn’t even know. I doubt he edits videos himself.

  • @EngineerDJ_Julius
    @EngineerDJ_Julius 5 місяців тому +48

    the moment PayPal became a monopoly and bought out competitors, I ditched them

    • @Joe-Przybranowski
      @Joe-Przybranowski 5 місяців тому +1

      You don't need PayPal to buy on eBay.
      Use your card.
      Not unneeded middlemen.

    • @admiralkaede
      @admiralkaede 5 місяців тому +2

      @@Joe-Przybranowski your card is already a middle man with things like visa that are also going super super bad

    • @admiralkaede
      @admiralkaede 5 місяців тому +1

      @@DERHOF2007 ebay does not own paypal it was spun off into its own company basically they use to own it but after it was spun off its no longer owned by them at all

    • @jeffrejr1
      @jeffrejr1 4 місяці тому

      I ditched eBay

  • @CDMS_pt
    @CDMS_pt 5 місяців тому +2

    Never had problems with PayPal, i just use it to buy stuff.

  • @mordecaiegbe4652
    @mordecaiegbe4652 5 місяців тому

    First of all, your design skills are insanely impressive!
    Secondly, I’ve read a whole lot on PayPal, it’s founders and history, but your video has given me an incredible insight in the details and context. Great work dude!

  • @huwpenson2678
    @huwpenson2678 5 місяців тому +26

    DIDNT FINISH THE VIDEO, TOO MANY CONSUMER CAPITALISM GOT IN MY WAY

    • @PatThePerson
      @PatThePerson 5 місяців тому

      I’m sure sponsorblock has a paypal donation button on their site

    • @milomassacre
      @milomassacre 5 місяців тому

      what you don't want to give this guy a thousand bucks for an online course? /s

    • @huwpenson2678
      @huwpenson2678 5 місяців тому +6

      @@milomassacre its a thousand bucks for this course ? he probably learnt everything he knew for free from youtube itself

  • @KarolCiok-me9yz
    @KarolCiok-me9yz 5 місяців тому +9

    Is Elon obsessed with the letter X?

  • @ompopat391
    @ompopat391 5 місяців тому +4

    Ur editing is amazing

  • @Amazeball_s
    @Amazeball_s 3 місяці тому

    The productions on these videos always amaze me! Seriously good stuff!

  • @iamericandavinci
    @iamericandavinci 5 місяців тому +1

    Absolutely brilliant presentation. This backstory provides provides so many insights into how the internet became the economic global juggernaut it has become. Bravo!

  • @nhlalenhlemadondo1665
    @nhlalenhlemadondo1665 5 місяців тому +4

    Let’s run the numbers up, I’ve been here since 80 thousand subscribers 🎉🎉

    • @TheEpicStudio-Story
      @TheEpicStudio-Story 2 місяці тому

      Run our subscriber count too man. At least 10 Subs This month

  • @RoboChemist
    @RoboChemist 5 місяців тому +4

    Dude. 4 sponsorships????? Never seen that one before....

    • @ONUCHEJAT
      @ONUCHEJAT 4 місяці тому +1

      Call him the mafia advertiser😅

  • @JC-jz6rx
    @JC-jz6rx 5 місяців тому +4

    I’m waiting for the magnates media mini video covering magnates media channel. The story behind the channel. Atleast some revenue idea and how it’s managed. (Has to be making good money based on simple napkin numbers) and now expanding into selling his own course and how he made that course.

    • @muthafuckinkang
      @muthafuckinkang 5 місяців тому

      I think he already ahs check his older videos

  • @darius-rex
    @darius-rex 4 місяці тому +2

    pays for premium to avoid ads, 5 ads imbedded in video by content creator

  • @vustatube
    @vustatube 4 місяці тому

    Thanks so much for the content and narrative. Massive kudos for not having an ad every 2mins.

    • @EmeraldSunDJ
      @EmeraldSunDJ Місяць тому

      Great job on the engaging content! It's refreshing to see a thoughtful narrative without constant interruptions. Keep up the good work!

  • @executivesolutionsystemsllc
    @executivesolutionsystemsllc 5 місяців тому +13

    I'm a simple man. What Magnates Media uploads, I watch.

  • @yekian
    @yekian 5 місяців тому +15

    Never have i been so early to a new upload from my fav yt channel

    • @billstill1794
      @billstill1794 4 місяці тому

      Mr. Beast?

    • @yekian
      @yekian 4 місяці тому

      @billstill1794 i dont like mrbeast

  • @suryakamalnd9888
    @suryakamalnd9888 5 місяців тому +6

    Yoooooo! Finally my fav channel uploaded!

  • @cyphaborg6598
    @cyphaborg6598 4 місяці тому +2

    It's a bad idea to use Paypal as holding your balance account, it's only good for payments.

  • @beam3819
    @beam3819 5 місяців тому +2

    Most billonare companies has bad ethics. We, as customers should consider that before supporting mafia.

  • @MysticWaste
    @MysticWaste 5 місяців тому +4

    Damn that policy though, thats why i never use paypal for anything but to send and receive then immediately transfer.

  • @atan921
    @atan921 5 місяців тому +7

    Finally is here, the story of Elan I've been waiting for

  • @GotNerfed
    @GotNerfed 5 місяців тому +8

    So that’s why Elon changed twitter to x

    • @davidallen2682
      @davidallen2682 5 місяців тому +2

      Yes X will be a platform for everything.

    • @davidhastaba
      @davidhastaba 5 місяців тому +1

      X's support and the horrible way they handle user accounts promise the same story about X soon

    • @grapejuicechannel1
      @grapejuicechannel1 5 місяців тому

      @@davidallen2682Precisely. Like China’s WeChat app.

    • @jajaja4life
      @jajaja4life 5 місяців тому +1

      @@davidhastaba X's Support? What the hell could you possibly need help with

    • @davidhastaba
      @davidhastaba 4 місяці тому

      @@jajaja4life They suspended my acc. Support was arrogant, not able to say, what i did wrong. They really said in short "you did something wrong, we will not say what, but dont do it again :D and your account is gone forewer". So for me, another unreliable platform which im aware of using it for anything important.

  • @RefrigeratedTP
    @RefrigeratedTP 4 місяці тому +2

    as a small business owner, I couldn't imagine using PayPal as a bank. My god.

  • @LabelsAreMeaningless
    @LabelsAreMeaningless 5 місяців тому +1

    The thumbnail link at the end to the McAfee video is missing/broken
    Putting that aside. These videos are incredibly helpful to gaining more perspective on these people and companies. I'll be watching them all so long as you continue being straight up about them.

  • @somerandomfella
    @somerandomfella 5 місяців тому +8

    Zucker learnt from the betrayal and made sure he can't be fired. Otherwise he'd be long gone..

  • @leejaack
    @leejaack 5 місяців тому +27

    @magnatesmedia Ive never seen a UA-camr Like you, You deserve Diamond Medal for your Videos, It's not Really the story I liked, But the way you say it, Your Accent, Your Editing style And Storytelling.
    You Worth my time, Likes and even Everything

    • @mrhassell
      @mrhassell 5 місяців тому +2

      "Ive never seen a UA-camr Like you". I like his productions. Now you have!

    • @leejaack
      @leejaack 5 місяців тому +2

      @@mrhassell Hahaha, Bruh i Apologize because English isn't my Mother Tongue

    • @mrhassell
      @mrhassell 5 місяців тому +1

      @@leejaack Doing pretty good with it considering, never any need to apologise, it's only UA-cam! - I was only pointing it out as a bit of light hearted jibe ;-)

    • @leejaack
      @leejaack 5 місяців тому +1

      @@mrhassell Oh Cool, Nice to meet yuh BTW🤝

  • @lemdixon01
    @lemdixon01 5 місяців тому +9

    I keep getting emails and calls from them even though I have never used it

    • @jmg9509
      @jmg9509 5 місяців тому +3

      Might be scammers. Check the email it was sent from. Might also be that someone used your email to sign up. Up to you to find out.

    • @vaderladyl
      @vaderladyl 5 місяців тому +3

      Those are not from Paypal. They are scammers posing as Paypal.

  • @samitsafact
    @samitsafact 5 місяців тому

    Here’s a reformulated version of that feedback:
    ---
    Great strategy! Posting unique and valuable content instead of a lot of filler is impressive, Good luck!👍

  • @semideia1319
    @semideia1319 Місяць тому

    I've been watching your channel for a while and i must say that the quality of your videos are absolute impressive.
    I would love if you could reference your sources, this way people can get a deep understating of the stories if they want to.
    Keep up with the good quality.