Anyone heard about PayPound.ltd?

[CryHeart]

Hi,

I'm finding the payment gateway solution for my SMM service, I found PayPound.ltd.
I check Trustpilot reviews for them, many good reviews. However still some bad. I think good reviews in Trustpilot are easy to buy these days, so I doubt that. Because this processor easy to signup and they hold $4000 min payout.
I want to ask BlackHat member anyone used this service or have any real experience with them?

 

[Gramified]

$4000 minimum payout is a huge red flag. Are you ready to risk that amount of money?

 

[Chris Newman]

"High risk merchant accounts" is just a marketing gimmick, to lure gullible merchants towards them so that higher than usual merchant account fees can be collected.
Nowadays, even these so called "high risk" merchant account providers will favour only the buyer incase the buyer raises a dispute for a non-physical / digital / virtual product. That is why in their website (see screenshot), they mention "obtain proof of delivery". In the lingua franca of payment gateway / merchant account providers, "proof of delivery" means proof of delivery pertaining to PHYSICAL goods and in the lingua franca of payment gateway / merchant account providers there is NOTHING like "proof of delivery" for non-physical / digital / virtual products (they do not consider digital delivery as a delivery at all). They have a smart play in their words by mentioning "obtain proof of delivery" right after "capture customer's IP address". Good enough to lure gullible merchants. Anyways, people will not believe this, but as of nowadays, it is the reality.
And reviews ? Trustpilot reviews, etc : gullible people will still believe such (purchased / faked) reviews nowadays (sorry to say, but I prefer to go as per reality).

 

[CryHeart]

$4000 minimum payout is a huge red flag. Are you ready to risk that amount of money?

I still thinking of it. My current processor is bad, always rejected transactions. I lost about $500-1k per day with the failed transaction.
I'm working with Ipaytotal before, they are bad too but they still pay me.

 

[ProxyPayee]

I would advise against using them until there are more reviews to accurately judge their reliability. If you check the box for negative reviews on TrustPilot, you'll notice that someone accused them of being scammers - thus, holding his or her $14,000 and not replying to his or her emails.
Just like another user opined above, a $4000 minimum payout is a huge red flag. It would have been a manageable risk if the payout threshold was about $100 or so.
Another thing I've noticed about the reviews on this company is that they appear similar, with most having a pattern of grammar errors that seem to come from the same person. I also noticed that review endorsements on PayPound are kind of overhyped - almost desperate to convince you to do business with the company.
Finally, PayPound MAY be legit, but for now, I'd advise you to wait until there are more reviews, especially on forums other than TrustPilot. But if you are desperately in need and losing $4000 isn't going to set you back too far, then you may try their service.

 

[varules]

Looks like fishy, research before investing.

 

[Chris Newman]

Looks like fishy, research before investing.

OP is NOT looking towards investing in that company. OP's thread here has NOTHING to do with investing anything anywhere. OP has a question about a particular payment gateway / merchant account provider. If you have any inputs to add about it, you are welcome.

 

[FreddieP]

Is there any good payment gateway for freelancers? Credit card only

 

[Hawkeye Digital]

Use paypal or payoneer or wise , these are the best , ignore paypal if possible rest use these other both , work good for me !

 

[FreddieP]

Use paypal or payoneer or wise , these are the best , ignore paypal if possible rest use these other both , work good for me !

What about the disputes though?

 

[Gramified]

Is there any good payment gateway for freelancers? Credit card only

As a freelancer you're good with just paypal. Or other alternatives can be stripe/2checkout. If your clients don't mind paying you directly without any gateway then Wise is the best option as it is also the cheapest among all.

 

[Hawkeye Digital]

What about the disputes though?

I am telling you that paypal is awful , yes these other 2 does not support any disputes over !

 

[FreddieP]

As a freelancer you're good with just paypal. Or other alternatives can be stripe/2checkout. If your clients don't mind paying you directly without any gateway then Wise is the best option as it is also the cheapest among all.

Most clients use credit cards, so i dont thing Wise will do the job. But stripe/2checkout is only for business accounts, am i correct?

 

[Hawkeye Digital]

Most clients use credit cards, so i dont thing Wise will do the job. But stripe/2checkout is only for business accounts, am i correct?

Stripe and 2checkout would be good then !

 

[ProxyPayee]

What about the disputes though?

I think the best solution to your problem would be NOWPayments or BitPay. Take the time to describe your problem in detail and the type of payment solution you are looking for. NOWPayments is particularly quick in replying to inquiries, but BitPay is fast too. Contact them directly and I'm confident they should provide a way out or make some recommendations.
Chargebacks are better handled and the fees are low for both NOWPayments and BitPay
Whatever your problem is, there are likely to be several solutions out there. If you aren't having any luck doing the research yourself, consider describing in more detail your problem, so that forum members can offer better help.

 

[FreddieP]

I think the best solution to your problem would be NOWPayments or BitPay. Take the time to describe your problem in detail and the type of payment solution you are looking for. NOWPayments is particularly quick in replying to inquiries, but BitPay is fast too. Contact them directly and I'm confident they should provide a way out or make some recommendations.
Chargebacks are better handled and the fees are low for both NOWPayments and BitPay
Whatever your problem is, there are likely to be several solutions out there. If you aren't having any luck doing the research yourself, consider describing in more detail your problem, so that forum members can offer better help.

Im looking for a payment gateway but for fiat currencies, not crypto. Binance and coinbase also work for this, but i want to find a good payment gateway for freelancers, suitable for smm panels, thanks

 

[ProxyPayee]

Im looking for a payment gateway but for fiat currencies, not crypto. Binance and coinbase also work for this, but i want to find a good payment gateway for freelancers, suitable for smm panels, thanks

Have you considered www (dot) unitpay (dot) ru/en. I knew them as one of the best for SMM a year or so back. But with the current sanctions on Russia, don't know if they can be of much help to you.

 

[CryHeart]

Use paypal or payoneer or wise , these are the best , ignore paypal if possible rest use these other both , work good for me !

PayPal will steal your money. I use both wise, crypto, payoneer… they are having very low transacrion volume, customers don’t like it. To build good business then accept visa/master card is the must have, customers like it.

 

[Hawkeye Digital]

PayPal will steal your money. I use both wise, crypto, payoneer… they are having very low transacrion volume, customers don’t like it. To build good business then accept visa/master card is the must have, customers like it.

which payment processer you use for master cards and visa card ?

 

[CryHeart]

which payment processer you use for master cards and visa card ?

Currently I’m using Paydollar. But they’re bad for US/EU customers base, too many failed transaction.
I’m finding new payment processor that friendly with Us/EU customers base.