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Market Harmony
Penny Hoarding Member
USA
698 Posts |
 Posted - 07/10/2009 : 08:21:53
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It looks like PayPal has made their final decision. And, of course, it is in their favor. This whole customer solutions system is seriously lacking any real "help" to clients. 3 different people responded to my inquiry and nobody directly addressed my concerns or questions. Nobody is willing to stick their neck out and go against one of their co-worker's decisions. They have a simple policy and I can just imagine the internal bureaucracy that must be going on there.
Here's their final word:
Dear Market Harmony Sales,
Thank you for taking the time to contact us with your concerns. I am
happy to assist you further.
The account has been reviewed and the reserves are going to remain on
the account. A reserve. In a nutshell, a reserve is a percentage of the
money you take in that’s held in your account temporarily to help make
sure you can cover transaction liabilities like reversals or
chargeback’s.
PayPal reviews all accounts and makes determinations as to if we our
going to require reserve or not on an account. At this time we have made
that determination. However in the future PayPal may decide that a
reserve is not longer required.
Sincerely,
Joseph
Merchant Solutions
PayPal, an eBay Company
I just love how they decide to attach a little bit of hope on a rope at the end.
More changes are coming for Market Harmony... I'll have to find a good shopping cart software to integrate with my bank's merchant credit card account. Perhaps this little set-back will actually turn out to be a great thing for my company.
I would much rather focus on production and less on sales. I like how things work with Nate at the Copper Cave. I get to sell to him, and he gets to market the products.
Thanks for following along and all the nice feedback. Even though coppersnake's response was a bit insulting, the point was well made. PayPal and eBay are not positioning themselves to provide solutions to companies like Market Harmony. |
Market Harmony
Producer of rare and unique Gold, Silver, and Copper bullion products. Also offering PM refining services. |
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HoardCopperByTheTon
Administrator
USA
5190 Posts |
Posted - 07/10/2009 : 08:41:03
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quote:
Originally posted by Market Harmony
PayPal reviews all accounts and makes determinations as to if we our going to require reserve or not on an account.
Maybe with all the increase profits from your reserves they can hire folks that speak english.. or invest in a proper grammer checker.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Let me see if I understand this? If you cross the North Korean border illegally, you get 12 years hard labor; the Iranian border illegally you are detained indefinitely. If you cross the US border illegally, you get a driver’s license, a social security card, welfare, food stamps, free health care!
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Coll3ctor
Penny Pincher Member
USA
149 Posts |
Posted - 07/10/2009 : 10:31:39
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| What a load of **** !!! |
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slickeast
1000+ Penny Miser Member
USA
1311 Posts |
Posted - 07/10/2009 : 15:13:56
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quote:
Originally posted by Market Harmony
However in the future PayPal may decide that a
reserve is not longer required.
I think that YOU will let them know that they will no longer being holding a reserve of YOUR money by taking your business somewhere else.
If enough people stand up and not allow this to happen then their legs would be knocked out from under them. |
You don't have to be the BEST you just have to be.......SLICK
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dakota1955
Penny Hoarding Member
787 Posts |
Posted - 07/10/2009 : 16:30:05
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| we all must do what we feel is right for each one of us and let the chips fall as they may |
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PennehChaos.
Penny Collector Member
USA
267 Posts |
Posted - 07/13/2009 : 12:26:18
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Ugh. Another week, another announcement by ebay/paypal that they've discovered a new way to gouge sellers.
I keep waiting for M$ to announce a competitor to epay... instead they keep poking at the search engine market. |
Considering Verizon Business service? Perhaps you'd like to consider a nice drain cleaner enema instead? |
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CoinHunter53562
Moderator
USA
1754 Posts |
Posted - 07/21/2009 : 22:11:34
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I just got an interesting email from Paypal about cash back for using your PP debit card. In the past, I would get 1% back of the total transaction as cash back deposited right back into the PP account. Well the latest thing from PP is "Many of you asked us to make tracking your PayPal Debit Card cash back simpler. You got it." So now instead of doing it each time you use the card, they will do a lump sum amount at the end of each month.
Individually, it's not going to matter much, but as a whole, think of how much float this will provide for Paypal. Does this seem rather obvious to anyone else as a spin job on their part, similar to MH's complaint?
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My hobby: collecting real money 1 copper cent or nickel at a time.
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jadedragon
Administrator
Canada
2784 Posts |
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Market Harmony
Penny Hoarding Member
USA
698 Posts |
Posted - 07/22/2009 : 23:38:11
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quote:
Originally posted by jadedragon
An alternate solution is just open another = no reserve = paypal account.
I thought about doing opening a new account, but it just isn't worth the hassle to me. Just thinking about all the costs that the eBay and PayPal machine adds to doing business just pushes me further away from it.
My decision is to sell only copper cents on eBay. I will only have a few PayPal transaction available through my website. They are listed in the "specials" section of http://marketharmony.biz. For all other business, I am cutting eBay and PayPal out of my company's business transactions. I am holding my own quasi-boycott of both. Until things change, I would rather refuse business than to accept their polcies.
eBay just reported their quarterly earnings... a huge jump, and the stock price is increasing. All these profits aren't being enjoyed by the people using eBay or PayPal, but the stockholders sure get a nice boost. I saw a special on them on CNBC and noted to myself how their corporate culture doesn't fit my personal beliefs. In principle, I cannot allign myself or my business with them.
However, the community of buyers that eBay offers is the only reason why I will continue to sell copper cents through them. And, to help move off-spec product, I'll accept PayPal for the specials that I have. Both of these can also change if I get another itch... or email. |
Market Harmony
Producer of rare and unique Gold, Silver, and Copper bullion products. Also offering PM refining services. |
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Grrrrrrr..... PayPal taking a bite
