Thread: A Humble Request (Merged)

Originally Posted by whatever

Well, my best friend has an internet biz and she just told me (because I just called her) that her CC transactions are credited to her account every evening and she has access to those funds..She said it works 100 times better than Paypal, who she ditched for this method. Anyway, didn't mean to open a can of worms here..I just don't think merchants have to wait for accesss to CC funds in todays world. In fact, the bigger the account I would think the better the % the bank would charge you. I used to get at least 2-3 offeres each and every week from banks to open a merchant account w/ them. Much like homeownwers get tons of solicitations for mortgage refinancing.....

Where in the world is your friends business located and what kind of business is it?

Perhaps for the HUGE amounts of money the CC companies do have some different arrangement, ie., a waiting period. I dunno.

Originally Posted by rolbuddy

Where in the world is your friends business located and what kind of business is it?

USA...she sells on E-bay.

Originally Posted by whatever

USA...she sells on E-bay.

Thank you, that's my point

But if chargebacks were occurring, I can understand the time delays --- how many CC's are their really? Not very many. Comes down to a small list. Given that their were issues with fraud, chargebacks, etc., this is not really a stretch (to withhold partial or all trx), but it is irregular for them to continue holding. Again, as with other issues, there is more here than meets the eye. We are doing our best to collectively determine the course taken, and see where we are.

I recall the July memo. But didn't the Cambodian bank shortly come off the list? Before August, I recall knowing that it was no longer an option........

Thank you for the info on merchant and w/d's into summer. Now, it seems like the gap we have here is a May - Aug gap where much was happening behind the scenes, and little on stage. Also, WW left, others left, GN ended up leaving..........remember the infamous WW letter where BM and SM are such great people, but they really aren't?

During this time we were also getting updates via PipsUSA (I cannot speak for AusPips, or "EuroPips" sites). Didn't the BM post referred to here come out of that? I don't recall........

Arcturus

Ahhh...because E-Bay is "acceptable" non-threatening to banks (aren't they owned by Google)...

take your tongue out of your cheek, whatever, you'll bite it otherwise (lol)

Originally Posted by ArcturusI

But if chargebacks were occurring, I can understand the time delays --- how many CC's are their really? Not very many. Comes down to a small list. Given that their were issues with fraud, chargebacks, etc., this is not really a stretch (to withhold partial or all trx), but it is irregular for them to continue holding. Again, as with other issues, there is more here than meets the eye. We are doing our best to collectively determine the course taken, and see where we are.

I recall the July memo. But didn't the Cambodian bank shortly come off the list? Before August, I recall knowing that it was no longer an option........

Thank you for the info on merchant and w/d's into summer. Now, it seems like the gap we have here is a May - Aug gap where much was happening behind the scenes, and little on stage. Also, WW left, others left, GN ended up leaving..........remember the infamous WW letter where BM and SM are such great people, but they really aren't?

During this time we were also getting updates via PipsUSA (I cannot speak for AusPips, or "EuroPips" sites). Didn't the BM post referred to here come out of that? I don't recall........

Arcturus

The quote was from the actual Pips site, which if I recall only Bryan posted to it by that time, and you had to log in to be able to read it.

It sounds to me that most of the credit card transactions for Pips were difficult to say the least. Between fraud, non-existant accounts, false cards and monies charged to Pips members and witheld from Pips they suffered loss of income capital.

Wire transfers, I know from experience, did not always arrive at Pips Bank either ...... so ......... a lot of monies did not arrive with Pips and are circulating in cyberspace or in some other institution's investments.

Originally Posted by ArcturusI

take your tongue out of your cheek, whatever, you'll bite it otherwise (lol)

Well, it's almost lunch and I think I'll have a margarita or two...That'll help!