randomstrings
Supreme Member
- Feb 3, 2021
- 1,325
- 854
You are making that much sell, why not ask for direct payment solutions from your bank.
PayPal $200k+ Hold
- Thread starter Dr. Tomahawk
- Start date
code API
BANNED - Failed to resolve a dispute
- Oct 20, 2018
- 6,377
- 3,517
I’ve got this too.. it would appear PayPal doesn’t like growth, which is insane. I’ve a rolling reserve of 25% when we go over a certain threshold.
Fixes? We now take a lot of crypto payments (I mean a shit load) and use WISE for direct bank transfers - we do this with very large orders, not only does it save us from that rolling reserve (so far) it also cuts back on PP’s crazy ass fees, charge back problems which you really don’t want with 6 figure sales for example and it’s a fuck you to PayPal.
The mind boggles at how they’re still getting away with this shit after so long.
Fixes? We now take a lot of crypto payments (I mean a shit load) and use WISE for direct bank transfers - we do this with very large orders, not only does it save us from that rolling reserve (so far) it also cuts back on PP’s crazy ass fees, charge back problems which you really don’t want with 6 figure sales for example and it’s a fuck you to PayPal.
The mind boggles at how they’re still getting away with this shit after so long.
HustleTong
Elite Member
- May 30, 2019
- 13,466
- 10,662
Integrate other payment methods to mitigate the risk
Crypto is a better option imo
Crypto is a better option imo
DylanDog666
Junior Member
- Dec 18, 2021
- 123
- 54
Crypto/CC/Paypal
For crypto to increase conversions give some incentive aka 10% discount or someting, to increase
those customers.
Also offer 1day, 7 day plans as a trial so users can check your service, or some cheap small sample.
For crypto to increase conversions give some incentive aka 10% discount or someting, to increase
those customers.
Also offer 1day, 7 day plans as a trial so users can check your service, or some cheap small sample.
terrycody
Elite Member
- Sep 29, 2012
- 6,422
- 3,329
dekadent30
Elite Member
- Nov 10, 2008
- 1,910
- 1,036
Never accumulate and keep such amounts on gaypal. Withdraw every smaller amounts to bank account right after you get paid in real time
- Dec 11, 2021
- 2,004
- 771
You have to setup payment with different family accounts.
First start with $5k for all and once the first hold clear on all, then you will easily get amounts $5k-$20 without hold.
Then again receive payment with >$20k and they will put that amount on hold too and once it clear then you are free to receive any amount of payments without hold.
First start with $5k for all and once the first hold clear on all, then you will easily get amounts $5k-$20 without hold.
Then again receive payment with >$20k and they will put that amount on hold too and once it clear then you are free to receive any amount of payments without hold.
how id u get that money tho?
- Jan 23, 2015
- 5,621
- 11,373
Man, do we need some damn [PP] change, I'm sick of PP and their nonsense, fees...
I understand the whole game, "you agree to play by our rules and we do what we want", but there is something called shame, which they mostly don't know what it means, or they know but they obviously don't care.
In the years before the PP until 2015, I guess if I'm not mistaken when they accepted my country, I never had any problems and there were thousands of transactions with "suspicious payment processors" like:
STP, Payza / AlertPay, Ego, OK, LibertyReserve, PM, and almost all of them are closed for various nonsense but, at least I've never been robbed of my damn money and I was always getting money on time, support 24/7 available, etc!
This is getting really annoying...
I hope they do the right thing OP, brutality.
I understand the whole game, "you agree to play by our rules and we do what we want", but there is something called shame, which they mostly don't know what it means, or they know but they obviously don't care.
In the years before the PP until 2015, I guess if I'm not mistaken when they accepted my country, I never had any problems and there were thousands of transactions with "suspicious payment processors" like:
STP, Payza / AlertPay, Ego, OK, LibertyReserve, PM, and almost all of them are closed for various nonsense but, at least I've never been robbed of my damn money and I was always getting money on time, support 24/7 available, etc!
This is getting really annoying...
I hope they do the right thing OP, brutality.
pauliakas
Elite Member
- Feb 25, 2009
- 2,984
- 1,038
And how to use crypto for collecting money from people, who is not using crypto...
Rajorib
BANNED
- Oct 9, 2019
- 167
- 96
just say them buy crypto from exchanges and pays u
digitalmediaconsult
Junior Member
- Aug 26, 2020
- 102
- 40
in case you are looking for credit card processing this you should know about worldpay!
Law360, London (May 27, 2020, 4:55 PM BST) -- Nearly two dozen companies have launched lawsuits in London against payment processor Worldpay and its affiliates to recoup some $5.4 million in security deposits allegedly held but not returned after their business partnership ended.
In two separate lawsuits filed with the High Court in April, the companies accused Worldpay (UK) Ltd. and two affiliates of holding onto their money well after their business relationships were terminated.
The companies, which are based in countries including Ireland, Cyprus, the U.S. and England, claimed that Worldpay stopped working for them in April and July 2019 — one date for each lawsuit — but has not complied with requests to return security deposits.
Worldpay processes online transactions between companies and their clients, and the deposits were designed to ensure the businesses fulfilled their end of the bargain, according to a claim form.
Lawyers for some of the businesses said that, under the terms of their clients' merchant contracts, "Worldpay is required to remit to each merchant all unremitted settlement funds that it holds for the account of that merchant." The company's alleged failure to do so "is a breach of the settlement and remittance clauses," the attorneys say.
The claimants described themselves as companies "engaged in the sale of goods via the internet." Of the British entities, most listed their business as "advertising agencies" on public records. Efforts to reach them were not successful on Wednesday.
The companies allege that, between 2013 and 2018, they signed merchant agreements for Worldpay to run card transactions, and agreed to put up cash to be held by the payment processor to ensure they completed their obligations to customers, according to the lawsuits.
An implied term under the contracts required Worldpay to return the money afterward "within a reasonable time," according to the particulars of the claim in one lawsuit. Worldpay could otherwise retain the security indefinitely and "beyond the point when the purpose of that security has been exhausted."
"Such a result would be contrary to business common sense," the lawsuit states.
After Worldpay initially wrote that it was ending its business with nearly a dozen of the companies in late 2018, the date was pushed back until July 2019 to allow the merchants to make refunds to their customers, according to the lawsuit. Merchants were not allowed during that time to submit other transactions, except for refunds, according to the claim.
The companies say a Worldpay representative first asked for the money to be returned in August 2019.
In the case led by a company called Firefly Trading, each of the claimants say they are owed hundreds of thousands of dollars on average, with some out of pocket for as little as $153,000, and others owed more than $791,000.
Worldpay did not immediately respond to a request for comment on Wednesday.
Firefly Trading and the companies that are part of that lawsuit are represented by Reed Smith LLP.
In the lawsuit led by Python Media Ltd., the companies are represented by Irwin Mitchell LLP.
In both cases, Worldpay is represented by Dentons UK & Middle East LLP.
The cases are Python Media Ltd. and others v. Worldpay (UK) Ltd. and others, case numbers CL-2020-000238, in the High Court of Justice of England and Wales, and Firefly Trading International Ltd. and others v. Worldpay (UK) Ltd. and others, case number CL-2020-000255, in the High Court of Justice of England and Wales.
--Editing by Ed Harris.
Read more at: https://www.law360.com/articles/1270837/merchants-sue-worldpay-to-recoup-5m-in-security-deposits?copied=1
Law360, London (May 27, 2020, 4:55 PM BST) -- Nearly two dozen companies have launched lawsuits in London against payment processor Worldpay and its affiliates to recoup some $5.4 million in security deposits allegedly held but not returned after their business partnership ended.
In two separate lawsuits filed with the High Court in April, the companies accused Worldpay (UK) Ltd. and two affiliates of holding onto their money well after their business relationships were terminated.
The companies, which are based in countries including Ireland, Cyprus, the U.S. and England, claimed that Worldpay stopped working for them in April and July 2019 — one date for each lawsuit — but has not complied with requests to return security deposits.
Worldpay processes online transactions between companies and their clients, and the deposits were designed to ensure the businesses fulfilled their end of the bargain, according to a claim form.
Lawyers for some of the businesses said that, under the terms of their clients' merchant contracts, "Worldpay is required to remit to each merchant all unremitted settlement funds that it holds for the account of that merchant." The company's alleged failure to do so "is a breach of the settlement and remittance clauses," the attorneys say.
The claimants described themselves as companies "engaged in the sale of goods via the internet." Of the British entities, most listed their business as "advertising agencies" on public records. Efforts to reach them were not successful on Wednesday.
The companies allege that, between 2013 and 2018, they signed merchant agreements for Worldpay to run card transactions, and agreed to put up cash to be held by the payment processor to ensure they completed their obligations to customers, according to the lawsuits.
An implied term under the contracts required Worldpay to return the money afterward "within a reasonable time," according to the particulars of the claim in one lawsuit. Worldpay could otherwise retain the security indefinitely and "beyond the point when the purpose of that security has been exhausted."
"Such a result would be contrary to business common sense," the lawsuit states.
After Worldpay initially wrote that it was ending its business with nearly a dozen of the companies in late 2018, the date was pushed back until July 2019 to allow the merchants to make refunds to their customers, according to the lawsuit. Merchants were not allowed during that time to submit other transactions, except for refunds, according to the claim.
The companies say a Worldpay representative first asked for the money to be returned in August 2019.
In the case led by a company called Firefly Trading, each of the claimants say they are owed hundreds of thousands of dollars on average, with some out of pocket for as little as $153,000, and others owed more than $791,000.
Worldpay did not immediately respond to a request for comment on Wednesday.
Firefly Trading and the companies that are part of that lawsuit are represented by Reed Smith LLP.
In the lawsuit led by Python Media Ltd., the companies are represented by Irwin Mitchell LLP.
In both cases, Worldpay is represented by Dentons UK & Middle East LLP.
The cases are Python Media Ltd. and others v. Worldpay (UK) Ltd. and others, case numbers CL-2020-000238, in the High Court of Justice of England and Wales, and Firefly Trading International Ltd. and others v. Worldpay (UK) Ltd. and others, case number CL-2020-000255, in the High Court of Justice of England and Wales.
--Editing by Ed Harris.
Read more at: https://www.law360.com/articles/1270837/merchants-sue-worldpay-to-recoup-5m-in-security-deposits?copied=1
digitalmediaconsult
Junior Member
- Aug 26, 2020
- 102
- 40
you will never ever see your funds with worldpay if your account gets a high rate of chargebacks, meaning more than 1%. they are going to freeze for 120 days as security hold and then tell you they keep the funds!! happened to me... preparing a lawsuit against them.
also wordplay has been targeted by a US lawsuit and had to pay 42million in settlement to their merchants!
STAY AWAY STAY AWAY! THEY ARE WORSE THAN GAYPAL!
also wordplay has been targeted by a US lawsuit and had to pay 42million in settlement to their merchants!
STAY AWAY STAY AWAY! THEY ARE WORSE THAN GAYPAL!
