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FRUSTRATING EXPERIENCE USING PAYPAL

Discussion in 'BlackHat Lounge' started by Transexual, Jan 24, 2017.

  1. Sristy

    Sristy Jr. VIP Jr. VIP Premium Member

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    I think that's your problem. Too many charge backs and PP go nuts. It is a known fact. To make the account stealth start withdrawing all money into your bank account and spend through card. Money laundering is a big issue with PP and many governments are going behind PP to give data. By transfer to and fro from your bank account you are a clear customer for PP and they need not worry about money laundering issue as you are leaving a clear trail. Else buying/selling/transferring from PayPal balance is a huge invite for money laundering, my 2 cents & I am out.
     
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  2. gtull2

    gtull2 Power Member

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    Mind sharing your % loss in sales? Genuinely curious. I'm sure it varies by demographics and such.
     
  3. Jeffersontalks

    Jeffersontalks Regular Member

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    Yes, generally about 20%-30% sales are lost as a result of payment processor. But these are usually new customers who do not trust yet. OEM softwares depends alot upon pricing. As buyers are usually willing to pay $5 for a software that cost $70+ for the retail version. Thus they usually do not mind the hassle of using bitcoins. And for repeat customers, they are the easiest to work with and always ready to pay through BTC.
     
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  4. gtull2

    gtull2 Power Member

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    Thank you.

    Your audience is likely relatively young and very technically savvy. Something tells me that my numbers would be closer to the 90% loss range (older and not very intelligent).

    But good to know. Appreciate the response!
     
  5. kingbrend

    kingbrend Regular Member Premium Member

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    The only 'fixing' you can do is to start fresh.

    Once PayPal makes a decision to permanently limit an account, that's it.

    I'm all to aware of how PayPal treats it's users.. :)
     
  6. Jeffersontalks

    Jeffersontalks Regular Member

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    I do not collect the demographic info as privacy is much valued by my customers.But you maybe right on the age group. Nevertheless, I do write up guides on how to exchange for BTC through localbitcoins. The process is actually quite easy. You do the bank transfer to a designated account and the BTC will be release from escrow within 30 min. Simple and easy process.