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RE: More reasons to believe in decentralized cryptocurrency: Revealing PayPal´s incredible fund retention policy for business clients [a true story]

in #cryptocurrency7 years ago (edited)

paypal is a ridiculous ripoff. And they are definitely not the only alternative.

If you need to accept funds, use stripe or square. you have way better access to your funds, a better proccessing rate, and a better alternative to make sales to those who don't accept crypto. Stripe has pretty good btc proccessing too.

Also, the 21 day thing has been around forever. Something happened on your account that triggered it (or just a periodic review).

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IMO, its pretty absurd on a platform that wants to increase engagement for a top witness to be DVing a helpful comment without explanation.

Hi guys, i'm sorry I have unwittingly downvoted your comment. I have a follow bot running specifically for @kingscrown via the Streemian.com. But I was under the impression that I had setup my bot to not follow downvotes.

I am really sorry this happened. Unfortunately I tried to reverse it now, but the payout occured and I can't remove my downvote.

If you repost your comment I can upvote that one instead. Again, sorry for this. I'm looking into my Streemian.com settings right now.

Thanks for looking into it and working it out, it's appreciated :)

I'd like to hear that explanation? This comment might actually solve a large problem for me...

You may ask @roelandp and @kingscrown directly to solve that.

Yes, I spoke to @roelandp, he said he would look into it.

i did the downvote, didnt know roel is following my downvotes

since i almost never downvote i wasnt aware of this. will be fixed

He let me know, thank you.

80% of my market is German and the remaining 20% are distributed all over the world. I definitely need a service that is widespread and commonly used. Do stripe and square fulfill that need?
January is the strongest month, but that was the only 'anomaly' during the last weeks.

stripe is everywhere, and they definitely have a strong presence in EU countries. Theyre strictly credit card acceptance (though they do now have a btc plugin), but for most businesses they settle in 2 days with money in your bank account.

Also, they do all the PCI, so you don't have to worry about taking or storing your customers credit card info. You just plug a little javascript checkout button into your website and presto.

Its tough to know what the anomaly was... it might have been your monthly volume. It might have been a single customer that sent you money then did something bad later. It might have been a single customer that sent you money that came from someone else who sent him money that did something bad. Its very easy to get paypal pissed at you. And in fact, youre pretty lucky. Typically, that email says you get the first 500 bucks immediately, and have to wait for the rest. I can only assume that you have significant volume to justify a 25K limit.

That sounds very interesting to me! I´ll definitely check out stripe, though. Thank you for the tip!!!
The volume is fine, that´s actually not the problem :) Even though I am willing to ensure not losing too much of it paying unnecessary fees to a service that isn´t really a service. Plus: I only work with pre-payment, which means that no package is sent before having registered my client´s money. Therefore I need a quick handling. Besides PayPal I have a regular bank account. SEPA transactions of clients which are done by Friday usually cannot be displayed on my account before Tuesday of the following week. That´s crazy but our current financial world...

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