**IKV Update**

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5cardstud

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Here is what Wikipedia says about chargebacks.

Overview

The chargeback mechanism exists primarily for consumer protection. Holders of credit cards issued in the United States are afforded reversal rights by Regulation Z of the Truth in Lending Act. United States debit card holders are guaranteed reversal rights by Regulation E of the Electronic Fund Transfer Act. Similar rights extend globally, pursuant to the rules established by the corresponding card association or bank network.
A consumer may initiate a chargeback by contacting their issuing bank, and filing a substantiated complaint regarding one or more debit items on their statement. The threat of forced reversal of funds provides merchants with an incentive to provide quality products, helpful customer service, and timely refunds as appropriate. Chargebacks also provide a means for reversal of unauthorized transfers due to identity theft. Chargebacks can also occur as a result of friendly fraud, where the transaction was authorized by the consumer but the consumer later attempts to frauduently reverse the charges.

I'm sure in a perfect world that is how it works and Wikipedia don't write the policies these CC co. go by. It's the same in the insurance industry. Too much liability causes the rates to increase to the consumer. What Isaac needs to do is find a way to have peoples accounts verified maybe like the ECF classifieds did.
 

Iken

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Jan 23, 2009
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Hey guys,
We're almost done here. With being on this Gns list, it is making everything painstakingly difficult. I had to even take photos of the office, inventory, even physical address. There has been a huge amount of loops and bounds to get 100% accepted due to the list. Everything we can possibly send over has been submitted in its entirety. I want to let orders come through via paypal, money orders and all other alternates like dwolla, but the problem is, is that our volumes are so high I just wouldn't be able to handle it as you goes know how much flooding goes on here. I just see it as a nightmare, another reason why I'm holding out is because I know we'll be up and going extremely soon. Look at it like the gears are being lubricated for optimum speed. I desperately Want to open guys For you guys and us. I did do a few wholesale orders to keep us a float but it wasn't enough. We even hit negative in the account this week and thats with a 5,000 loan from one of our vendors. I know TMI but you guys are a part of us in every way possible and deserve to know these things. As before though, everything has been fully submitted without and wiggle room for them to ask for more so we're truly at the point of the chime of an email saying OPEN NOW.
 

Switched

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*SNIP
Feel free to ignore any posts or posters you do not like.
It is not the post or the poster perse, I said what I had to say...

Isaac has been fortunate in this circumstance, the fraud caused and not a Wikipedia definition are credit card fraud with stolen CC linked to the Philippines. He is one of the many vendors affected some in the $10K+. As stated if you bothered to follow what is going on instead of popping in you would know about this instead of posting some diatribe found on Wikipedia.
 

doots

Vaping Master
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Aug 22, 2009
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safe-list.com
Hey guys,
We're almost done here. With being on this Gns list, it is making everything painstakingly difficult. I had to even take photos of the office, inventory, even physical address. There has been a huge amount of loops and bounds to get 100% accepted due to the list. Everything we can possibly send over has been submitted in its entirety. I want to let orders come through via paypal, money orders and all other alternates like dwolla, but the problem is, is that our volumes are so high I just wouldn't be able to handle it as you goes know how much flooding goes on here. I just see it as a nightmare, another reason why I'm holding out is because I know we'll be up and going extremely soon. Look at it like the gears are being lubricated for optimum speed. I desperately Want to open guys For you guys and us. I did do a few wholesale orders to keep us a float but it wasn't enough. We even hit negative in the account this week and thats with a 5,000 loan from one of our vendors. I know TMI but you guys are a part of us in every way possible and deserve to know these things. As before though, everything has been fully submitted without and wiggle room for them to ask for more so we're truly at the point of the chime of an email saying OPEN NOW.

That is really good news to hear. Hope it will be soon.
 

Bejeebus

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Jun 16, 2009
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Woohoo. I think you should get battle pay! Kind of an ordeal for you Iken folks. I am getting by with my 'old' atomizers just dreaming of when you are able to open. We all have it easy compared to what they are putting you through. People forget that its not just some guy sitting next to a few marked boxes of atomizers - waiting for a request to come in - and grabbing the right one outta the box to stuff ina envelope. Nope.. .its more like having the Spanish Inquisition arrive to git ya! Sorry for all of your hassles and THANK YOU for not abandoning the cause.
 

woodslady1

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Apr 5, 2009
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I hate to sound like a worn-out record, but HANG IN THERE, KIDDO! Keep that wonderful positive attitude that you have been blessed with. Things will get better....and soon! :)

Hey guys,
We're almost done here. With being on this Gns list, it is making everything painstakingly difficult. I had to even take photos of the office, inventory, even physical address. There has been a huge amount of loops and bounds to get 100% accepted due to the list. Everything we can possibly send over has been submitted in its entirety. I want to let orders come through via paypal, money orders and all other alternates like dwolla, but the problem is, is that our volumes are so high I just wouldn't be able to handle it as you goes know how much flooding goes on here. I just see it as a nightmare, another reason why I'm holding out is because I know we'll be up and going extremely soon. Look at it like the gears are being lubricated for optimum speed. I desperately Want to open guys For you guys and us. I did do a few wholesale orders to keep us a float but it wasn't enough. We even hit negative in the account this week and thats with a 5,000 loan from one of our vendors. I know TMI but you guys are a part of us in every way possible and deserve to know these things. As before though, everything has been fully submitted without and wiggle room for them to ask for more so we're truly at the point of the chime of an email saying OPEN NOW.
 

Quigsworth

Just some guy...
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Sep 25, 2011
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I've had the Ikenvape site up on my servers browser for the last 2 weeks and I probably F5 it 20x a day...(OCD much?!?)...seeing a pretty good investment opportunity here...when it finally goes live, drop whatever it costs and corner the io6 market then sell em on the classy's at a 50% mark-up...bet I'd make my money back before the charge ever hit my cc statement...sure, everyone would hate me...but isn't that how you get a free Ody or Line?, buy 3 sell 2?

I am just kidding, you guys know that right?:laugh:
 
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samwest

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Jan 7, 2011
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Hoorray (reserved), yes I do OCD. I get panicky even though I've got enough I06's I want more (milk blood to keep from runnin' out). Superior products and service will out. I'm a forever fan of Ikenvape. Just bought a green glass I06 drip tip to go with my nebula green GLV2 that's been on order since 3-28 (there goes that OCD again).
 

Iken

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Jan 23, 2009
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Hey Gary!
Well there was a couple different things going on with these guys. There was two, Roberto Agatarap and Noel Andre Santa, who actually used stolen credit cards from Japan, my sources tell me that they work in a call center from the Philippines. (I'm going to digg deeper and forward their info to a lawyer there who is willing to work for free for prosecution. And the other guys just blatantly lied staying that thier own credit cards were stolen, my merchant provider wasn't sending me these documents in the time sensitive period so when I did get them, my chances of disputing them were already expired.
 

calsax

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Jan 29, 2012
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I'm so glad to hear that relief is on the way! I blew up my last io6 this morning on the way to work, so I am now officially desperate! I just don't like any other atty as well, so keep the faith Isaac! We are so glad you have cleared the (hopefully) final hoops and will be back on-line soon......
 

gjrhine

Super Member
ECF Veteran
May 18, 2009
882
12
Sunny South Carolina
Hey Gary!
Well there was a couple different things going on with these guys. There was two, Roberto Agatarap and Noel Andre Santa, who actually used stolen credit cards from Japan, my sources tell me that they work in a call center from the Philippines. (I'm going to digg deeper and forward their info to a lawyer there who is willing to work for free for prosecution. And the other guys just blatantly lied staying that thier own credit cards were stolen, my merchant provider wasn't sending me these documents in the time sensitive period so when I did get them, my chances of disputing them were already expired.

Aha! There is where your legal recourse lies. Forget the two guys - you'll get nothing out of them.
 

Brobdingnagian

Super Member
ECF Veteran
Oct 18, 2011
485
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Aha! There is where your legal recourse lies. Forget the two guys - you'll get nothing out of them.

Yep, this puts the liability on the merchant provider and they know it. I believe the two guys are going to get what they gave, but this definitely falls on the merchant provider at this point. You have legal recourse if they fail to assist you, and at this point you may already have it; lost revenue for a start.

Also, Serve.com is similar to Dwolla and lets you advertise over Facebook. :D

I'm sorry to see this happen to you, Isaac. I believe some good will come your way out of this, though.

~Brob
 

5cardstud

ECF Guru
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Jan 1, 2010
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Wash
Hey guys,
We're almost done here. With being on this Gns list, it is making everything painstakingly difficult. I had to even take photos of the office, inventory, even physical address. There has been a huge amount of loops and bounds to get 100% accepted due to the list. Everything we can possibly send over has been submitted in its entirety. I want to let orders come through via paypal, money orders and all other alternates like dwolla, but the problem is, is that our volumes are so high I just wouldn't be able to handle it as you goes know how much flooding goes on here. I just see it as a nightmare, another reason why I'm holding out is because I know we'll be up and going extremely soon. Look at it like the gears are being lubricated for optimum speed. I desperately Want to open guys For you guys and us. I did do a few wholesale orders to keep us a float but it wasn't enough. We even hit negative in the account this week and thats with a 5,000 loan from one of our vendors. I know TMI but you guys are a part of us in every way possible and deserve to know these things. As before though, everything has been fully submitted without and wiggle room for them to ask for more so we're truly at the point of the chime of an email saying OPEN NOW.
I'm so happy for us both.
 
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