Danged Paypal

Published November 16, 2007
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Well I just got the upgrade to MS Money 2008. It's exactly the same as MS Money 2005, which is exactly the same as MS Money 2004, etc. The only real reason to update is because the price includes two years of internet-based bank-account downloads.

I have pretty-much every account of ours hooked up to it, and almost everything updates automatically when I press the "Using the internets, update every danged account I own" button. A couple of accounts don't subscribe to whatever internet-bank-funnel that MS uses, but those all have "Download Quicken/Money Data" buttons on their web pages, so I just update those manually once a month. It's a simple process. Log into the account's web page, press the "download" button, and then press the "hey, account [whatever] just sent me some data. You want I should update that account?" button in Money, and get on with my life.

Well, I thought to myself "Why not manage my Paypal accounts too?" After all, they look and act like internet savings accounts. So I dug through Paypal and found out that, yes, it has a "download account history" button and one of the formats supported is QIF (Quicken Information File), which Money groks.

So I press the "download" button. After about five minutes of grinding away on Paypal's side, Money pops up a "Hey, I just got some data but I don't know what account it's from", which I expected. I told Money that it's a new account and entered a couple of details about the account. After a couple minutes of grinding away on Money's side, it was done.

Except the balance was way too high. Figuring that there were duplicate transactions or something, I checked out the account. Everything looked fine. No duplicates. Also no bank-transfers. So every time I transferred money out of Paypal, it didn't show up.

My first thought was "stupid danged MS Money" and I googled for a solution. From a Quicken forum I discovered that Paypal doesn't export any bank-transfers in QIF format, and my solution is to either export as a spreadsheet and convert it or just enter all the transfers manually.

And apparently Paypal's aware of this, but they consider QIF to be an obsolete format and won't be fixing the bug.

Danged Paypal.
0 likes 3 comments

Comments

Ravuya
Every time I read about trying to interop PayPal with something, I begin to understand why someone tried to bomb them.
November 16, 2007 11:20 AM
Gaiiden
Good to know I'm not missing much by sticking to my copy of Money 2004
November 16, 2007 11:39 PM
ArchWizard
I have Money 2002 and I'm satisfied with manually entering transactions. Well, now I'm VERY satisfied because I know I don't have to deal with stuff like this.
November 17, 2007 03:17 PM
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