Posted by Michael Gilligan on 31/08/2016 21:23:23:
Posted by SillyOldDuffer on 31/08/2016 20:46:06:
Posted by Michael Gilligan on 31/08/2016 19:33:28:
Posted by Russell Eberhardt on 31/08/2016 13:57:12:
… The excuse given by their telephone help line was that it is because the UK is no longer part of the EU!
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It would be interesting to see if they're prepared to put that in writing … Given that it is simply not true.
MichaelG.
Although we haven't left the EU yet the intent to do so has been clearly stated.
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… But until we have left, we are still a member; and whoever mis-informed Russell was quite clearly out-of-order.
The truth is more evident in the link that I posted later.
MichaelG.
As we don't know exactly what was said to Russell or what Paypal's motives are the truth remains elusive.
I take your point about anti-fraud precautions and can confirm that a friend who lives abroad has been told that is exactly why his UK card was frozen – nothing to do with Paypal and/or Brexit, just tightening up.
However, in the US PayPal Holdings have said that Brexit will have some effect on its regulatory environment, so my suggestion wasn't pure speculation.
If Russell's change had been due to an anti-fraud precaution that's probably exactly what Paypal would have told him. Why shouldn't they? Saying it was something to do with the EU when it wasn't seems an unlikely fib for a Call Centre to invent.
My point however was that, good and bad, the Brexit snowball is already rolling. Assuming that nothing will change because we are still formally in the EU feels a bit like telling the wife you want a divorce and then expecting normal domestic services until a Court has confirmed you are single again.
On the whole I worry about the risks and cost of achieving Brexit. Perhaps I'm wrong. There's been some good news this week. British industry has done unexpectedly well since the referendum result. Long may it last!
Apologies to Russell for veering off his original question.
Dave