Payment providers for Dropshipping.

[See you vader]

Use 2checkout but never reveal you are a dropshipper. Stay under the radar, like 3-4 accounts, have a website for real actual products that you have gotten yourself and took a picture and cloak your sources.

Glad you said that. I wasn't aware of that, people were recommending 2checkout like it's just an alternative to Stripe. Snap...

 

[VarrieD]

Paypal constantly limits on puts holds on my accounts, and is generally getting harder and harder to deal with even when doing 100% legal stuff.

Is there a payment method that I can use to accept money from Shopify Payment/Stripe and use it to pay Google Ads or Facebook ads ?

Care to share your experience or some details with PayPal putting a hold on your account? I am using PayPal for over a year now solely because I'm in a country where all cc processors are not supporting. I haven't had a PayPal hold yet and I'm kinda afraid if I might in the future as that's my only payment processor for the time being. I don't get a lot of monthly sales volume but still, revenue is a little good because the average order value of my dropship items is around $200-$300.

 

[See you vader]

Care to share your experience or some details with PayPal putting a hold on your account? I am using PayPal for over a year now solely because I'm in a country where all cc processors are not supporting. I haven't had a PayPal hold yet and I'm kinda afraid if I might in the future as that's my only payment processor for the time being. I don't get a lot of monthly sales volume but still, revenue is a little good because the average order value of my dropship items is around $200-$300.

Yea the newer your Paypal account is the more likely it is to face obstacles in the future. If it's more "certain" countried i.e 3rd world countries that makes it a little worse too (with some exceptions). Your account should be "warmed" which to say having a history of transactions and not too many refunds and disputes. Once you start hitting $2k+/day then they might limit your account, freeze all your money until you answer their questions, a few months later they might give you a long list of questions like how much are you expecting to be making in the future, your warehouse documents, some special bank statement etc...Just have all your documents, invoices and tracking numbers ready at all times beforehand. That makes things much better.

How much money is your Paypal receiving in Daily and monthly transactions and in what type of sales exactly ?

 

[VarrieD]

Yea the newer your Paypal account is the more likely it is to face obstacles in the future. If it's more "certain" countried i.e 3rd world countries that makes it a little worse too (with some exceptions). Your account should be "warmed" which to say having a history of transactions and not too many refunds and disputes. Once you start hitting $2k+/day then they might limit your account, freeze all your money until you answer their questions, a few months later they might give you a long list of questions like how much are you expecting to be making in the future, your warehouse documents, some special bank statement etc...Just have all your documents, invoices and tracking numbers ready at all times beforehand. That makes things much better.

How much money is your Paypal receiving in Daily and monthly transactions and in what type of sales exactly ?

Thanks for your reply. I'm yet to reach 2k+ a day, sometimes I get no transaction in a day while sometimes its 1k+. My PayPal business account is around 2 years old and upgraded/created through my personal account which is around 7+ years old. Started from really small monthly sales and my best so far, which is this year, is I think 8k+, should I be expecting these checks and hold anytime soon? I'm dropshipping from multiple suppliers so I am not sure if I am able to submit some of those documents - was your hold lifted?

 

[SebMu]

Hey! Transferwise is like a bank account, this is where 2Checkout (in your case) would send your payments to from your customers!

Ohh thats great so for transferwise Do i get a virtual/physical card? And do you know how much time it takes for 2checkout to send money to transferwise? Thanks

 

[See you vader]

Thanks for your reply. I'm yet to reach 2k+ a day, sometimes I get no transaction in a day while sometimes its 1k+. My PayPal business account is around 2 years old and upgraded/created through my personal account which is around 7+ years old. Started from really small monthly sales and my best so far, which is this year, is I think 8k+, should I be expecting these checks and hold anytime soon? I'm dropshipping from multiple suppliers so I am not sure if I am able to submit some of those documents - was your hold lifted?

I didn't answer too good to their questionnaire honestly, after the review they put a 20% hold of any future transactions for the next 2 months + a few thousand dollars in reserve(a friend of mine got 30% hold for 3 months but no reserve). I think they will review the account afterwards.. Your case seems fine and you should be optimistic. Just make sure to always contact your suppliers and ask them for an invoice containing the name on the Paypal account, (sometimes address is needed too), date, supplier info ( name,address,company,phone number etc...), supplier stamp, product, quantity price etc.. You can just ask them to make one up with any date, product, quantity price you want.. always be ready. You're good

 

[yuuzokun]

I didn't answer too good to their questionnaire honestly, after the review they put a 20% hold of any future transactions for the next 2 months + a few thousand dollars in reserve(a friend of mine got 30% hold for 3 months but no reserve). I think they will review the account afterwards.. Your case seems fine and you should be optimistic. Just make sure to always contact your suppliers and ask them for an invoice containing the name on the Paypal account, (sometimes address is needed too), date, supplier info ( name,address,company,phone number etc...), supplier stamp, product, quantity price etc.. You can just ask them to make one up with any date, product, quantity price you want.. always be ready. You're good

You can negociate the holding rates with 2co. I remember I had about 12% on a service website I was managing.

 

[See you vader]

You can negociate the holding rates with 2co. I remember I had about 12% on a service website I was managing.

How long ago ? Were your dropshipping or ..? And how much money were coming in CC transactions everyday or month ? And when did they decided to put the hold on your account ?

 

[Mohamed ragab]

2CO is good and easy to be accepted on. The only problem is that they don't have insite checkout with shopify ( This means you need to be redirected to their website to complete your purchase )

 

[See you vader]

2CO is good and easy to be accepted on. The only problem is that they don't have insite checkout with shopify ( This means you need to be redirected to their website to complete your purchase )

Ouch..That will drop the CC conversion for sure.

 

[TinyOctopus]

Yes, you can use Revolut card with Shopify payments! Now I'm using Stripe, but a year ago, when Stripe wasn't available in my country, I was using Shopify Payments with UK address and Revolut virtual card with GBP and UK bank details. Was working perfectly.

just the answer ive been looking for, except i dont understand where you able to get UK bank details. mind to also shed light on it?

 

[TinyOctopus]

Use 2checkout but never reveal you are a dropshipper. Stay under the radar, like 3-4 accounts, have a website for real actual products that you have gotten yourself and took a picture and cloak your sources.

Do you mean you van have multiple accounts with 2co?

and what do you mean by cloaking sources?
im new to this so apologies for the noob questions

 

[Mohamed ragab]

just the answer ive been looking for, except i dont understand where you able to get UK bank details. mind to also shed light on it?

Payoneer, But I'm not sure if SP accepts it. I've used their community fedral US bank account with SP and it worked but the problem was verification details. They asked for ID etc.. and I didn't have them.

 

[Mohamed ragab]

Ouch..That will drop the CC conversion for sure.

That's why nobody uses them with shopify

 

[See you vader]

Payoneer, But I'm not sure if SP accepts it. I've used their community fedral US bank account with SP and it worked but the problem was verification details. They asked for ID etc.. and I didn't have them.

What do you mean you didn't have them ? Are you from a country that isn't supported by SP or..?

 

[Mohamed ragab]

What do you mean you didn't have them ? Are you from a country that isn't supported by SP or..?

Yep

 

[See you vader]

Yep

Snap, what do you for CC payments now ?

 

[Mohamed ragab]

Snap, what do you for CC payments now ?

I've give up dropshipping because of this

 

[See you vader]

I've give up dropshipping because of this

Oh come'on man.. I hope you didn't quite just like that.. did you find anything else to get them green papers online ?

 

[VarrieD]

I didn't answer too good to their questionnaire honestly, after the review they put a 20% hold of any future transactions for the next 2 months + a few thousand dollars in reserve(a friend of mine got 30% hold for 3 months but no reserve). I think they will review the account afterwards.. Your case seems fine and you should be optimistic. Just make sure to always contact your suppliers and ask them for an invoice containing the name on the Paypal account, (sometimes address is needed too), date, supplier info ( name,address,company,phone number etc...), supplier stamp, product, quantity price etc.. You can just ask them to make one up with any date, product, quantity price you want.. always be ready. You're good

Why do you say my case seems fine? The only verification I had with PayPal was the standard business verification where they ask for business documents and proof of address when your account reaches a certain number of transaction or payments processed....I'm actually looking to register a Delaware or Wyoming LLC to be eligible to several CC payment providers but these seem another hard task as the major ones are allergic to dropshipping merchants.