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Skrill Business Merchant Is The Best?!

Discussion in 'Dropshipping & Wholesale Hookups' started by JackobyJenkins, Aug 10, 2019.

  1. JackobyJenkins

    JackobyJenkins Registered Member

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    Hello everyone!
    As every Dropshipper out there in the world, I also have problem with the Payment Gateway / Merchant accounts.
    I’m sure that all of you guys received already some of the notification emails where they explain you why they put a 90days hold on your funds, or no. (I mean they never give any explanation)
    Since last year December I tried a bunch of Payment Gateways and Merchant accounts, of course I started with Stripe and Paypal like all of you, and had bad reputation with them.
    The problem was always the HOLD, or that they can’t handle the big cashflow.
    I registered late January to Skrill Merchant account with the Quick Checkout possibility. (Accepting Credit and Debit Card)
    And I have to tell, it was a very long procedure to get it, as it became an active merchant account in beginning of May.
    So far I’m happy with them, as they offering the fastest cash flow in the market, if I sell something at this moment, I can transfer the funds to my bank account immediately.
    No 7 days hold, no 90 days steal.
    The only bad thing, is the ultra high fees, and the fact that for every new shop you have to register, and it takes months to receive an active merchant account.
    I’m very curious about your experience about merchant accounts.
    Which one you guys use for fast cash flow? (I know that stripe have a 2 days payout roll, but since they have a costumer giant like the Facebook, they don’t give a damn about the small people, and BAN them for every reason, and put their money on HOLD)
    So if someone needs a fast cashflow, and don’t have mood for the Stripes anal play, and Paypal problems, what you suggest?
     
  2. DropshipDave

    DropshipDave Jr. VIP Jr. VIP

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    I use PayPal and Stripe. I really like Stripe and have nothing but good things to say about them. I know a lot of people don't. PayPal not so much.

    There is something about Skrill that doesn't fill me with trust. Not sure what it is, maybe the name. Maybe I will look into them at some point.
     
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  3. JackobyJenkins

    JackobyJenkins Registered Member

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    Well, i guess you registered to Stripe more than a year ago. With old accounts they are still okay. But if you register any new account, there is a high chance that they will block you.
    With Paypal i have the same problems like i had with Amazon. I sold products on Amazon, and i sold some high value items too, and one costumer ordered 3 of them, and after a week, he told Amazon that he received a box with rocks inside.
    I sent them proof of invoices, tracking ID, shipping label, but still they transfered back the money to the buyer. So no matter whats the problem, the buyer always win.