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How do you operate your online business without Paypal?

Discussion in 'Business & Tax Advice' started by PinguSpy, Jan 11, 2019.

  1. Frap

    Frap Jr. VIP Jr. VIP

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    Some solid advice here. May or may not help you...

    FIRST OF ALL....For all of you telling him to use other merchant services, THEY WILL NOT ALLOW HIS TYPE OF BUSINESS! They deem these businesses to be "high-risk". No Stripe, 2CO, or pretty much anything you can think of. You have to get approved for an actual merchant account which is VERY hard but NOT IMPOSSIBLE!

    Now..

    I run a credit repair company which I started in August and was getting a ton of sales $30k + a month.

    Paypal was doing okay until they perm banned my account because of it being a "high-risk business"

    I then started offering discounts if people paid via Zelle or Cash App, which worked really well and still does, takes about 30% of my sales.

    I then applied for a merchant account with PaymentCloud. I got approved and the process was not too bad. They required 3 months of bank statements, information on my website, a site inspection(yes they came to my house to take pictures of my "office area").

    The lady I dealt with at PaymentCloud really pushed to get me approved with the underwriters at the bank. Like, she told me everything I needed to do to get approved. I just asked "is this possible?", and she pretty much told me to let her take care of it, just follow her instructions.

    I got approved with 4.95% processing fee and 10% reserve(10% of funds go into a reserve account which I slowly get back at 6 months).

    Obviously, PaymentCloud is probably limited to USA customers but they are the best for high-risk merchants.

    No, I am not advertising PaymentCloud, they are the best hands down, IMO. PaymentCloud makes money if you get approved with the banks so they will try there best as long as you have a legit business.

    Hope this helps man,

    Frap
     
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  2. Social God

    Social God Junior Member

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    I normally use CashApp & Venmo. Not recommended for business, but if you know your customers IRL, why not? It's just my preference & I think CashApp is for US only.
     
  3. Frap

    Frap Jr. VIP Jr. VIP

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    Its actually quite funny.

    Paypal and Stripe both banned me from using there services.

    But Venmo (A Paypal Company), and CashApp (A Stripe Company) both let me use there services unhindered! Cheers!:p
     
  4. satyr85

    satyr85 Jr. VIP Jr. VIP

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    @OP
    Maybe payproglobal or paymentwall.
     
  5. khawk1

    khawk1 Junior Member

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    I think it's depending on your attitude + your niche.

    I never had this issue even though my niche was 100% on the ban asap list haha

    I think it's a mix of several factors that you maybe overlooked..

    Your country laws
    Your niche
    Attitude
    The manager being a dick

    Many options

    In the end they need customers to make money
    They are not out to screw you for fun.

    There are reasons to the madness
     
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  6. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

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    I think in the last few years, I rarely withdraw the money to my bank account.
    Just keep it inside paypal. Large amount like $100K-$200K

    But this year I haven't it much. Spending it on various of projects.
    WD to my bank account.

    Only left with $15K. So main reason y they fuk up my account now
     
  7. Conix

    Conix Registered Member

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    Try ADVCash, there is no fee.
     
  8. Makemeproguys

    Makemeproguys Power Member

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    Just buy a new PP account:cool:
     
  9. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

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    Just finished doing research.
    Too many options..

    Which one I should add and witch one I should remove?

    Paypal (banned)
    Stripe
    Authorize.net (PayPal Enable)
    2Checkout (PayPal Enable)
    Paylane (PayPal Enable)
    SecurePay
    BluePay Processing LLC
    Perfectmoney
    Payoneer
    Skrill
    Bitcoin/Bitpay (Without a doubt I will add this, the best currency ever, I can receive thousand worth of BTC today, and I can cash it out straight to my local bank account less than 30 minutes using localbitcoins, unlike PayPal, i need to wait for at least 4 days!)
    Payeer
    Payza
    NETELLER
    Westernunion
    Moneygram
    Dwolla
    Wepay
    Worldpay
    Merchante-solutions
    Simplify
    Fastcharge
     
  10. ches32

    ches32 Regular Member

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    I have few providers that use paddle(can connect paypal) and paypro, i've seen ahrefs use fastspring.

    Why don't you get few stealth paypal accounts?
     
  11. Conix

    Conix Registered Member

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    Perfect Money doesent work in US.
     
  12. Nhlio

    Nhlio Newbie

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  13. Nhlio

    Nhlio Newbie

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    I want a more than more money
     
  14. Nhlio

    Nhlio Newbie

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    You are looking great brother
     
  15. Nhlio

    Nhlio Newbie

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  16. Nhlio

    Nhlio Newbie

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  17. Nhlio

    Nhlio Newbie

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  18. Seo Licious

    Seo Licious Jr. VIP Jr. VIP

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    Payoneer or bitcoins? are a good one compared to Paypal?
     
  19. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

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    Authorize.net only accept U.S citizen :/