Instead, for Thiel, the bubble that has taken the place of housing is the higher education bubble. “A true bubble is when something is overvalued and intensely believed,” he says. “Education may be the only thing people still believe in in the United States. To question education is really dangerous. It is the absolute taboo. It’s like telling the world there’s no Santa Claus.”Read more »
DDoS attacks are flying across the Internet like there is no tomorrow. Just a few days ago, a hacktivist operating under the handle “th3j35t3r” decided to single-handedly take down the Wikileaks website with a DoS tool of his (or their) own creation.Read more »
"When PayPal permanently limits an account due to an Acceptable Use Policy violation, it is the company's policy to hold the funds for a period of 180 days. Once the 180-day timeframe has elapsed, 3 things can happen: 1) The funds are returned to the account holder; 2) A court or government can seize the funds or 3) The funds remain in the PayPal account." Reading AuctionBytes Blog: PayPal and Amazon Become Part of Wikileaks ControversyRead more »
ayPal has increased the cost of chargebacks from $10 to $20. For refunds, PayPal will refund the 2.99% but will KEEP the 30 cent transaction fee. This is a mandatory non negotiable change in your policy, effective August 2010.
American Express rates for PayPal Website Payments Pro and Virtual Terminal Merchants will jump from a variable between 2.2% to 2.9% to an astronomical 3.5%. This is a mandatory non negotiable change in your policy, effective October 2010.Read more »
Internet sellers who don't report their sales will no longer be under the radar. Starting next year, any bank or other payment settlement company that processes credit cards, debit cards, and electronic payments such as PayPal will have to issue information returns telling the IRS what merchants receive. The new returns are Form 1099-K, Merchant Card and Third-Party Payments.Read more »
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