PAYPAL has ALWAYS been a SCAM.
The extra layers of PAYPAL just allows them to skim off fees, AND they profit from marketing your financial and spending info!
DUH !! they are a for profit company that makes their money facilitating the transfer of funds. OF COURSE they charge fees .. they aren’t a charity.
You recommend the CC companies, but do you really think the CC companies aren’t selling your financial and spending info? AND BTW.. they also charge fees.
Estimates are that PayPal processes around 40,000,000 transactions a day
26,000,000,000 in 2024
No doubt that out of billions of transactions some don’t go well. That does not make them a scam. No, I am not a PP fanboy or shill, I just recognize that they provide a valuable service and therefore deserve to be compensated for it, and that like any business doing a huge volume of anything, mistakes are inevitable.
Your appeal to authority with your university credentials does not in any way validate your claim that PP is a scam.