List Of Suppliers PayPal Has Suspended
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Agreed. And I just did a few days ago (of course it took 3-5 days to get my money out).
I'm comfused by the comment getting your money out when you cancel PayPal. I have instant automatic debit to my checking account set up for purchases. What option are you using that you need to get your money out?
Thanks!
Thanks!
PayPal is a money market account. I used to have some money in there for a long time just collecting interest. When people would pay me for something via PayPal, I just left it in the account. If you want to transfer it out to a "real" account it takes 3-5 days for the transfer. In reality it takes 3-5 seconds but PayPal uses the days in "limbo" to make money off you without having to pay you money (interest) for it. That's a big part of their business model.
In any case, when people get their accounts frozen it gets really hard to get their money out of the account. This is probably happening with the suppliers that are getting booted.
I can get my money out paypal instantly, because I have the paypal debit card 
In my business (none e-cig related), paypal is a necessary evil, but for the most part works good.
In my business (none e-cig related), paypal is a necessary evil, but for the most part works good.
I am not going to wait for PayPal.
I am going to change to another system ASAP.
I am going to change to another system ASAP.
Does it cost a lot to leave paypal up but to take another way of paying next to that?
Asking because not all people have (or can get) CC, especially in a number of european countries. You would be closing them out from buying. Bad enough if Paypal does that; but to do it as vendor 'just in case'... understandable, but hard on those (then-not-anymore) customers.
Asking because not all people have (or can get) CC, especially in a number of european countries. You would be closing them out from buying. Bad enough if Paypal does that; but to do it as vendor 'just in case'... understandable, but hard on those (then-not-anymore) customers.
Hi katnik, I think your right. I was referring to having another account so (plural options) there is a backup. I am not well versed w/these accts. dunno if it is possible. Certainly want to protect all parties.
PayPal offers it's users "virtual" credit card numbers if you want to use your paypal account to buy something from a seller that does not accept PayPal payments. I think you have to be using the browser plugin for it though. Check into it in your account.
I was able to use PayPal today at both bestecig.com and Trumanecig.com
I wanted to see if it still worked and it did
BUT this will be my last paypal purchase and I will be canceling the account if they really are banning E-cig retailers.
I wanted to see if it still worked and it did
BUT this will be my last paypal purchase and I will be canceling the account if they really are banning E-cig retailers.
i agreed ( at first and in theory ) with the person ( roses ) who posted we should all cancel PP in protest... so im sitting here mad and literally went into my account and was about to remove all the cc's ( because i read its a good idea to do that FIRST before you complain ) and i thought about the pain it was to set it all up for one final second and i closed the site. lol about 20 mins later i found someone selling a dual usb adapter ( to charge my usb devices without computer ) for a reasonable price ( $4 as opposed to $30 for a belkin ) and the only form of payment they accept is PP. i bought it anyways ( hell i need it ! ) i really hate when the consumer is caught up in all the politics why should we always be the ones on the loosing end. ( thats just how i feel its all being treated. ) but i can say its not JUST paypal that is run in this fashion its just the one we are noticing today... and i have always been a firm believer in cash is king and that we the customer are the boss and we should respect each other if you dont i can go elsewhere with my business and will. im not going to fly off the handle right now ( and cancel ) but i reserve the right to do so at any time.
) and i thought about the pain it was to set it all up for one final second and i closed the site. lol about 20 mins later i found someone selling a dual usb adapter ( to charge my usb devices without computer ) for a reasonable price ( $4 as opposed to $30 for a belkin ) and the only form of payment they accept is PP. i bought it anyways ( hell i need it ! ) i really hate when the consumer is caught up in all the politics why should we always be the ones on the loosing end. ( thats just how i feel its all being treated. ) but i can say its not JUST paypal that is run in this fashion its just the one we are noticing today... and i have always been a firm believer in cash is king and that we the customer are the boss and we should respect each other if you dont i can go elsewhere with my business and will. im not going to fly off the handle right now ( and cancel ) but i reserve the right to do so at any time.
Everybody here has a credit card. And visa giftcards work as well with transactions online. All is not lost.
I'm sorry but needed this one brought back to the top of the thread because this can affect anything else said on this forum. Hell this in the end could cause the end to this forum. It is apparent that the FDA is starting there banning process and what better way to start is by using paypal. After all it's what I used to purchase all my stuff until my last order from Johnson creek. They weren't the ones selling bad juice, yet I had to use a credit card for my transaction
I just found this thread.. thought I'd share a little insight with people. I'll try and lay things out where they actually make sense but please realize that the credit card processing industry is so convoluted that there are people in this industry that have been here for 10+years that still don't know everything and the "rules" are always changing. (I've been doing this for 4 years and will be the first to admit that I don't know EVERYTHING.. always learning, it's the best part of my job)
I'm doing my best to keep up with the influx of PM's, emails, and phone calls that I've been getting and am having loads of fun working so closely with the suppliers. Keep em coming, makes my days all the more interesting
Paypal is not a merchant processor, when paypal was made it was intended for use on Ebay only and so that people could sell stuff on ebay and get their money. It was never intended for use by a business for their purposes and they do not have the systems in place to handle that sort of volume (even after all this time) They don't have the regulations to properly mitigate and manage risk nor do they have systems in place to protect the suppliers from fraudulent consumers. (Not that I'm insinuating anyone here is like that of course) Paypal is what we would call an aggrogator. Basically they have a merchant account with a decent rate set up with some unknown company (I've never found out for sure who) and then they process your payments through their systems for an extra fee. It's a wonderful service if you've got a garage full of junk you want to sell online, not good if you're trying to run a real business. They cause problems for all types of companies that try and operate a real business through them, anyting more than $1000 a month in sales and it's both a waste of money and needless risk to use paypal over a real merchant provider. The only regulations they have to follow are their own.
Merchant processors are a completely different conversation to be perfectly honest with you guys. Someone (I'm too lazy to reread and see who) mentioned federal banking regulations... even credit card processors don't have to follow federal banking regulations, we're not banks (even if you go to chase, or BofA they don't have to follow federal banking regulations for the card processing end of things) The only federal banking regulations that we are subjected to is that we must have a FDIC insured bank to transfer and manage funds. The terms and conditions have to meet Visa/Mastercard/Discover regulations and IF a supplier chooses to subject themselves to the higher pricing of Amex, theirs as well. V/M/D regualtions are fairly loose and typically only involve fraud protection/prevention and dictating what the merchant/supplier can and can not do with their customer's credit cards. Most regulations allow the processors to do all sorts of things including presenting pricing and rates that the supplier/merchant doesn't understand, locking them into contracts undisclosed, charging higher pricing than origionally quoted, raising rates and fees, and all sorts of other nasty things.
Because of this I strongly advise AGAINST having a list of suppliers shut down by paypal posted carelessly on the internet for just anyone to access. There are a lot of sharks out there that will smell the blood in the water and spam these poor suppliers with "free" offers that will ultimatly result in the supplier paying much much more than they need to and in some cases cause enough problems to ultimatly run them out of business. I spoke to a few suppliers last week that experianced just this and I won't name names but if they'd like to speak up it would probably help so that others could more easilly understand what I'm talking about.
I won't directly contact our suppliers to harass them for their credit card processing (though admittedly I tease a few just for kicks and giggles) I'm here, it seems like just about everyone knows that I'm the one to come to and if they want to talk to me they are welcome. I'm not a sales person at my company so I have no insentive to upsell or over charge anyone. In fact.. just the oposite, I give people good pricing and some are so happy with me they send me freebies Suppliers that want to talk are more than welcome to PM me.. and even non suppliers can PM me if they want more info though I'm not in the business of advertising our pricing where our competitors can get a hold of it.. the boss would kill me if I did that
Sorry for the long post.. I think I skimmed the surface enough to paint a picture for people to understand. No Paypal aren't evil jerks out to get the PV industry.. they're just incompetant. Sort of like a "lemon lot" as opposed to a reputible car dealership.
Again- Please don't post suppliers names for them.. doing so could get them spammed, waste their time, and maybe even result in slower shipping and customer service for you because they're too busy clearing their inbox of crap credit card processing offers.
I'm doing my best to keep up with the influx of PM's, emails, and phone calls that I've been getting and am having loads of fun working so closely with the suppliers. Keep em coming, makes my days all the more interesting
Paypal is not a merchant processor, when paypal was made it was intended for use on Ebay only and so that people could sell stuff on ebay and get their money. It was never intended for use by a business for their purposes and they do not have the systems in place to handle that sort of volume (even after all this time) They don't have the regulations to properly mitigate and manage risk nor do they have systems in place to protect the suppliers from fraudulent consumers. (Not that I'm insinuating anyone here is like that of course) Paypal is what we would call an aggrogator. Basically they have a merchant account with a decent rate set up with some unknown company (I've never found out for sure who) and then they process your payments through their systems for an extra fee. It's a wonderful service if you've got a garage full of junk you want to sell online, not good if you're trying to run a real business. They cause problems for all types of companies that try and operate a real business through them, anyting more than $1000 a month in sales and it's both a waste of money and needless risk to use paypal over a real merchant provider. The only regulations they have to follow are their own.
Merchant processors are a completely different conversation to be perfectly honest with you guys. Someone (I'm too lazy to reread and see who) mentioned federal banking regulations... even credit card processors don't have to follow federal banking regulations, we're not banks (even if you go to chase, or BofA they don't have to follow federal banking regulations for the card processing end of things) The only federal banking regulations that we are subjected to is that we must have a FDIC insured bank to transfer and manage funds. The terms and conditions have to meet Visa/Mastercard/Discover regulations and IF a supplier chooses to subject themselves to the higher pricing of Amex, theirs as well. V/M/D regualtions are fairly loose and typically only involve fraud protection/prevention and dictating what the merchant/supplier can and can not do with their customer's credit cards. Most regulations allow the processors to do all sorts of things including presenting pricing and rates that the supplier/merchant doesn't understand, locking them into contracts undisclosed, charging higher pricing than origionally quoted, raising rates and fees, and all sorts of other nasty things.
Because of this I strongly advise AGAINST having a list of suppliers shut down by paypal posted carelessly on the internet for just anyone to access. There are a lot of sharks out there that will smell the blood in the water and spam these poor suppliers with "free" offers that will ultimatly result in the supplier paying much much more than they need to and in some cases cause enough problems to ultimatly run them out of business. I spoke to a few suppliers last week that experianced just this and I won't name names but if they'd like to speak up it would probably help so that others could more easilly understand what I'm talking about.
I won't directly contact our suppliers to harass them for their credit card processing (though admittedly I tease a few just for kicks and giggles) I'm here, it seems like just about everyone knows that I'm the one to come to and if they want to talk to me they are welcome. I'm not a sales person at my company so I have no insentive to upsell or over charge anyone. In fact.. just the oposite, I give people good pricing and some are so happy with me they send me freebies
Suppliers that want to talk are more than welcome to PM me.. and even non suppliers can PM me if they want more info though I'm not in the business of advertising our pricing where our competitors can get a hold of it.. the boss would kill me if I did that Sorry for the long post.. I think I skimmed the surface enough to paint a picture for people to understand. No Paypal aren't evil jerks out to get the PV industry.. they're just incompetant. Sort of like a "lemon lot" as opposed to a reputible car dealership.
Again- Please don't post suppliers names for them.. doing so could get them spammed, waste their time, and maybe even result in slower shipping and customer service for you because they're too busy clearing their inbox of crap credit card processing offers.
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I spoke to the owner of AquaVaporCig and they too have been shut off by PayPal. The reason the the e-mail they received stated it was due to a complaint. When the owner called to get details of the complaint PayPal was very clear about their stance on e-cigs. They told him the account was not closed due to a complaint it was closed because paypal made a decision last week to stop all business with ecig sellers.
The owner is currently looking for an alternative so if you can offer a merchant service please contact them at admin@aquavaporcig.com
Again, so we are all clear becuase I see some posts that say PayPal is shutting these accounts down for other reasons. The reason is becuase PayPal has made a decision not to do business with ecig sellers. If you have any question or doubt this pick up the phone and call them as I just did and tell them you want to open a new account to sell ecigs and they will tell you flat out they are not able to do business with you.
The owner is currently looking for an alternative so if you can offer a merchant service please contact them at admin@aquavaporcig.com
Again, so we are all clear becuase I see some posts that say PayPal is shutting these accounts down for other reasons. The reason is becuase PayPal has made a decision not to do business with ecig sellers. If you have any question or doubt this pick up the phone and call them as I just did and tell them you want to open a new account to sell ecigs and they will tell you flat out they are not able to do business with you.
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