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-   -   Verotel has Kidnapped my payouts! Authorities have been alerted! (https://gfy.com/showthread.php?t=1128548)

SwirlsGirl 12-12-2013 05:43 PM

Verotel has Kidnapped my payouts! Authorities have been alerted!
 
Just want to give a heads up to the industry!

we have a payment kidnapper in our midst people.

without rhyme reason or advanced notice my payouts were walking down the electronic highway about to be sent electronically to me tomorrow and presto along came a parasite and kid napped my payout!

The parasite was issuing demands and boldly stating that it wishes to get to know me better!

The parasite has demanded that I turn over my birth certificate, my utility bill, my pass port, and a 500 dollar check to free my kidnapped payouts!

What an injustice, what a travesty, where is the outrage!

Ghandi, is rolling over in his grave....

doctor martin luther the king is steaming,

Jesus is weeping!

Verotel is engaged in payout kid napping!

I told them no thank you to there request to be my partner and verotel told me that I must comply with their demands or my payouts will not be seen or heard from for at least 6 months

I told the kid nappers to let me see my kid napped payouts to make sure my kidnapped payouts were alive and not in danger!

The verotel payout kid nappers said "your payout is safe" you cannot talk to your payouts or see your payouts but you can trust that your payouts is safe!

now give us all the documents we are asking so that we may *know* you better and if we are satisfied that you meet our requests...then we may choose to free your kid napped payouts!

Nothing worse than a fucking payout kidnapper around the holidays!

There is only one recipe for a payout kidnapper or payout molester!

Verotel are in my opinion payout molesters.

I am not aware of any other payouts being molested or kid napped at this time by verotel

They must have chose to molest and kidnapp my payouts because of the sexy curves she was sporting...don;t know but they are kid nappers

Kid nappers will not be allowed to kid nap any more of my payouts with impunity!

We will fight payout molesters with all available resources...!

be warned secure your payout now as the payout molesters and kid nappers are very busy and you all know it is x-mas time... a kid nappers busy season is x-mas time


FUCKING DICKS AND INBREDS

mineistaken 12-12-2013 05:47 PM

ccbill, now verotel

SBJ 12-12-2013 05:47 PM

wow serious bizness!

:2 cents::2 cents: <--- I hope you get them back ok!

LeRoy 12-12-2013 05:50 PM

Kidnapping money.. thats a new one.

Sly 12-12-2013 05:51 PM

Just wait until you lose a merchant account, then you'll really throw a fit. ;-)

SwirlsGirl 12-12-2013 06:11 PM

Quote:

Originally Posted by Sly (Post 19906830)
Just wait until you lose a merchant account, then you'll really throw a fit. ;-)

have lost one and have thrown a fit....middle men gonna forever middle

they have so many ways to stick you for your paper it makes your head spin!

you think I enjoy the attention I get from having middle men inform me that they are not going to be paying me??!

I am in shell shock I thought of all people they would not be reduced to such desperation to hold on to my little 1 sale a day payouts??!?!?

I mean who is desperate here me and my little 1 or 2 sales a day....or the fucking million dollar middle men who refuse to pay me my 1 or 2 sales for the week

if my paper is flowing without a dastard chicken fucking middle man or woman bumb fuzzling or chicanerizing, or tom fooling with my money LOL

then I am going to scream bloody murder on these got damn boards don't care who listens and who dont

I am just going to scream hollar and vent while other avenues are being pursued to secure my fucking peanuts

I mean kidnapping is evil....how you going to kidnap my payouts right before x-mas?

Further more how does that not generate outrage....oh let me think because the parasites aint fucking with your money so its nothing to be upset about

Yeah let them fuck with swirls money and its okay because she is retarded and obviously on drugs for making threads about billing companies not paying and engaged in billing fraud

Yeah I really enjoy this this is good therapy....I have nothing I would rather be doing then fabricating wild conspiracy theories about cheesy rat mother fucking middlemen who can not conceal their desperation during holidays...

Its obvious they are having payout problems....there is no reason to inform a client with an account in good standing for 9 years that there payouts are now suspended unless there is fraud, or suspicious criminal activity

Just because they do it don;t make it legit, don't make it lawful...and don't mean I have to go quietly in the night.

I am going to scream about it....now the question is are we going to show them that we don;t care when a member of our industry is harassed financially or a victim of a payout kidnapping

I am a victim of the practice of payout kidnapping.

Unfortunately I already know the consensus of dumb fucks is that is what she gets!

yeah its my fault that my payouts are kid napped.

its not the greed and desperation of the middle men but its my fault the victim of the payout kidnapping is to blame.

Nothing changes you are going to be next and I am going to say I told you so!

rowan 12-12-2013 06:56 PM

How many different threads are you going to start about this?

There's nothing special about you, Verotel is requiring this from everyone, and they notified us months ago.

SwirlsGirl 12-12-2013 07:20 PM

Quote:

Originally Posted by rowan (Post 19906895)
How many different threads are you going to start about this?

There's nothing special about you, Verotel is requiring this from everyone, and they notified us months ago.

you miss the point 100% completely!

we do not have to comply!

Did you send in your birth certificate, passport, utility bill and 500 check?

Were you told your payouts would be suspended if you did not supply the documents?"

I know I am not special and neither is verotel...a court order is needed to cease someones property...my payouts are my property

I do not see how lawfully they can claim a right to cease my bread and butter,my food money,my rent,money, you get the point just because I have yet to send in documents.

That is not professional, courteous, proper, or the right thing to do by any ones definition of good business.

Hold my payouts ransom as you request to to incorporate with me?

obviously we process information on a different chip set, and I don't see any argument that can be made lawfully, rationally, ethically to stop paying somebody until and if they decide to incorporate.

Its ultimately my money, my processing account, it is nothing but a strong arm extortion attempt and it pains me more that I have to specify and illustrate for you exactly why it is extortion.

Don;t give a fuck if a million of you gave up your birth certs or safety deposit boxes...does not mean you had no choice, and does not mean it is fair and just for your middle man to demand this of you without giving you an option or alternative

it is pure monkey spank bullshit and even those who hate me are going to have trouble defending this bull shit

tell that shit to my family or my debtors that there payouts are suspended until they give me some damn passport and utility bill...

hello dearest landlord mr fred about your rent this month unfortunately I will need to see your birth certificate and passport, and have it notarized before I pay you your rent..

I know you rented me this house and gave me the keys but I wish to get to know you better and will suspend your rent payments until you have handed me over your birt cert and other docs.

got that landlord...rent payment is suspended....fuck it....gas and electric your payment is suspended until you send me some bank statements.

I mean you have to be insane to not look at this shit from another perspective. I am sorry i cant be commanded by a fucking pseudo banking middle man I will leave the business altogether before I start taking orders from fucking middle men...why is this so hard to grasp.

fuck you pay me....pay me and close my account be done with it....already don;t hold my monies that you took from my customers months and months ago!

rowan 12-12-2013 07:52 PM

Like I said in the other thread...

Look at it as a net benefit, you didn't have to pay any Visa/MC fees all those years. Things have changed in that regard, so now it's time to move on. It looks like you use ccbill for your affiliate program, so it's not like you're losing your primary biller.

PornDiscounts-R 12-12-2013 07:54 PM

Quote:

Originally Posted by SwirlsGirl (Post 19906911)

I know I am not special and neither is verotel...a court order is needed to cease someones property...my payouts are my property

Uhm, this is a joke right...

whOaKemosabe 12-12-2013 07:54 PM

Become a cam whore see sig

rowan 12-12-2013 07:55 PM

You didn't receive this email 7 months ago?

Good afternoon,

My name is Thomas and I am your account manager for Verotel. I wanted to let you know that there will be some new compliance procedures for 2013 with Verotel.
For your account to be registered with Visa and Mastercard on June 1st 2013 , there will be a 500 EURO registration and compliance monitoring fee. We must pay
to register each company with the credit card companies, however we handle the registration process for you.

This is for accounts with a lower sales volume than 100 EUR/week. Should you have more websites to add or if you wish to add us to a primary biller , this is
one way to increase the volumes and waive the fee. We will as well discuss lower rates if the volume is large enough that is additionally brought in.ha

This is a standard annual fee, that is waived at the year anniversary if you process over 100 EURO/week for the year with Verotel. This can be either wired to
us directly or by credit card through your Verotel Control Center. Please email in order to schedule payment. This will take effect on June 1st , however
before this time we need to have an official copy of a notarized passport mailed to our address as well as some information forms filled out about your
personal information. If you wish to move forward with the Process, feel free to let me know and then we can move on to the next step of the process which
involves registering your account as en entity at our Holland office. If you do not wish to either bring in more sales volume or to pay the registration fee
please let me know within the next week.

Regards,

Thomas
Verotel Merchant Support

SDSimon 12-12-2013 07:58 PM

RE "I mean you have to be insane to not look at this shit from another perspective. I am sorry i cant be commanded by a fucking pseudo banking middle man I will leave the business altogether before I start taking orders from fucking middle men...why is this so hard to grasp."

I think you have found the answer. You have made it clear that this business is not suited for you. It makes you very unhappy. Find something that makes you happy and you will never work again.

>>>Winners WIN because they NEVER GIVE UP!<<<

iwantchixx 12-12-2013 08:08 PM

Holy fuck I cant make sense of what this girl is sayin

rowan 12-12-2013 08:08 PM

Quote:

Originally Posted by iwantchixx (Post 19906947)
Holy fuck I cant make sense of what this girl is sayin

You gotta feel for the guy on the other end at Verotel, eh?

postalsex 12-12-2013 08:44 PM

just send them the documents required!!!!
every serious company out there has to comply with rules and regulations and guess what to do business nowdays you need to provide the paperwork. you should be worried of credit card processors that dont request your ID and info as they will sooner or later get in legal trouble and guess what will run away with your money....

SBJ 12-12-2013 08:48 PM

Quote:

Originally Posted by rowan (Post 19906948)
You gotta feel for the guy on the other end at Verotel, eh?

:1orglaugh:1orglaugh no shit! Poor guy.

TheSquealer 12-12-2013 08:50 PM


onwebcam 12-12-2013 09:08 PM

They want some identification? Go figure.

dyna mo 12-12-2013 09:11 PM

http://static.tvtropes.org/pmwiki/pu...irlie_8301.jpg

SwirlsGirl 12-12-2013 09:19 PM

Quote:

Originally Posted by rowan (Post 19906933)
You didn't receive this email 7 months ago?

Good afternoon,

My name is Thomas and I am your account manager for Verotel. I wanted to let you know that there will be some new compliance procedures for 2013 with Verotel.
For your account to be registered with Visa and Mastercard on June 1st 2013 , there will be a 500 EURO registration and compliance monitoring fee. We must pay
to register each company with the credit card companies, however we handle the registration process for you.

This is for accounts with a lower sales volume than 100 EUR/week. Should you have more websites to add or if you wish to add us to a primary biller , this is
one way to increase the volumes and waive the fee. We will as well discuss lower rates if the volume is large enough that is additionally brought in.ha

This is a standard annual fee, that is waived at the year anniversary if you process over 100 EURO/week for the year with Verotel. This can be either wired to
us directly or by credit card through your Verotel Control Center. Please email in order to schedule payment. This will take effect on June 1st , however
before this time we need to have an official copy of a notarized passport mailed to our address as well as some information forms filled out about your
personal information.

Regards,

Thomas
Verotel Merchant Support

where in this memo does it suggest that payouts will be suspended without notice unless all merchants participate?

Fair question

perhaps if I were a desperate parasite I would not inform my client that I was about to move on their funds either.

perhaps I would just shut off some bodys payouts?

Why not shut off processing dick nuggets?

Oh no a parasite does not want to eliminate transactions coming in to the owner of the website, no a parasite is not that retarded.

A parasite wished to keep money flowing and realizes the importance of keeping its money flowing at all costs so they would not suspend transaction processing but they will suspend payouts.

That is a fucking parasite bastard tactic if there ever was one.

The fact that they will allow transactions to come into their pockets but will not forward those transactions to the owner until the owner gives in to the parasites demands.

you guys know I don't suspect sympathy or understanding from most of you and that is not the motive of my posts to gain your approval or understanding that is not my motive

I honestly don;t give a fuck about what people think...my partner can verify that....I understand that you have to do everything you can to cause a parasite to re think his/her actions

raising awareness on message boards is one way to remind them their deeds will not go un noticed

further more I have another thread where verotel clients haven not been informed that there payouts are being suspended

fucking suspended like I am in fucking high school....fucking stupid middle man trying to use terms like suspension, and investigation on your account, and formal review..

they use the terminology of authoritarians because they really feel they have petty authority over us and can dictate the terms of holding my money!

It is fucking insane tome and I am in a world where not many actually get the insanity because most you mother fuckers are insane as well and don't realize it.

we are either going to tell them what to do with our money or they are going to tell us what to do with our money...no two ways about it.

They are telling me no payouts for at least 180 days I am saying screw you and the horse your cheesy ass rode in on...you fucking fuck.

when we have asshats demanding this that and the other, with out any alternative then its time to cancel x-mas there ain't much time left

I think you all know it, you see the signs in the skies just like I do!

Then again many don;t even look at the sky and are clueless as most of you who do not see whats wrong with this

and most of you do not see what is clearly in the sky and should not be you fucking fools....its all fucking funny and comical as it is on approach you confused domesticated slurpers of cheesy rat nut sack

just do what you are told and maybe your payouts will not be expelled or kid napped of jacked, seized or stolen by a jack leg coke head middle man

robwod 12-12-2013 10:08 PM

SwirlsGirl, serious question.

You mention that you only send Verotel one or two sales a week. Extrapolating that, they process between 8 to 10 sales for you each month. The only people affected by their policy are those whose earning fall below $100/week (or 100 Euros, I forget).

You go on and on about withholding payments for the holidays, thus giving the impression you will be broke for the holidays unless you get this money. And yet, they are not the primary processor for you.

My question is this: Is the drama, and the multiple threads on it, all just over $100 or so?

shimmy2 12-12-2013 10:59 PM

sara i love you like kanye loves taylor

https://encrypted-tbn0.gstatic.com/i...gY7S02VO4otHZR

Paully 12-12-2013 11:10 PM

I just want to say this is where you went wrong robwod
Quote:

Originally Posted by robwod (Post 19907031)
SwirlsGirl, serious question.:helpme

Swirls and beaner share the same helmet. You will never see them in the same room together. Inbred ninjas.

bean-aid 12-12-2013 11:13 PM

Quote:

Originally Posted by Paully (Post 19907061)
I just want to say this is where you went wrong robwod

Swirls and beaner share the same helmet. You will never see them in the same room together. Inbred ninjas.


Paully sucks max hardcore dick during down time... just sayin

Paully 12-12-2013 11:23 PM

Don't hide. Put your face up. You want to start a billing company?

Paully 12-12-2013 11:41 PM

Sarah? smh this guy is screwing up your shit.

rowan 12-13-2013 03:04 AM

Quote:

Originally Posted by SwirlsGirl (Post 19907005)
where in this memo does it suggest that payouts will be suspended without notice unless all merchants participate?

When you email them back and point out that the level of sales versus the compliance fee makes it non feasible to continue. Or would you prefer to do nothing and hope they'd just forget about compliance for you?

Manfap 12-13-2013 05:01 AM

Quote:

Originally Posted by SwirlsGirl (Post 19906817)

Ghandi, is rolling over in his grave....


Just shows stupid you are.

Markul 12-13-2013 05:06 AM

But didn't you and beaner do something that increased sales a lot and that involved not using a "middleman"? I am so confused, I was sure I read a thread where you told everyone how awesome it was going.

Oh, there we go. Still confused though. But I hope you get your money of course! :)

Mutt 12-13-2013 07:43 AM

I'm more amazed that people on this board actually think the lunatic posting is the woman in the videos and photos on SaraSwirls.com. It's her husband obviously and what a shock he has his wife fucking strange black men by the carload.

SwirlsGirl 12-13-2013 08:58 AM

[QUOTE=Mutt;19907411]I'm more amazed that people on this board actually think the lunatic posting is the woman in the videos and photos on SaraSwirls.com. It's her husband obviously and what a shock he has his wife fucking strange black men by the carload.[/QUOTE


he is a lucky bastard isn't he....at least that's what I am told 10 to 15 times a day sometimes more when communicating directly with my fans,customers, and members

How many fans,members, customers of MUTT do you communicate with daily?

Gfy is the closest you will ever get to having a fan club so nevermind

SwirlsGirl 12-13-2013 09:01 AM

the point still remains even after sleeping on it is that another yet another yet another parasitic middle man willfully chose to steal money and will try and hide behind red tape to keep the monies

where have we heard this before...no insults hurled at the stealing middle man and it is now funny the middle men have an army of bots to come in here and try and win the battle of perception

surely morons will support a middle man stealing from their client because morons do not realize if they can steal from 1 client they can steal from all clients

SwirlsGirl 12-13-2013 09:16 AM

Quote:

Originally Posted by robwod (Post 19907031)
SwirlsGirl, serious question.

You mention that you only send Verotel one or two sales a week. Extrapolating that, they process between 8 to 10 sales for you each month. The only people affected by their policy are those whose earning fall below $100/week (or 100 Euros, I forget).

You go on and on about withholding payments for the holidays, thus giving the impression you will be broke for the holidays unless you get this money. And yet, they are not the primary processor for you.

My question is this: Is the drama, and the multiple threads on it, all just over $100 or so?

hey robwod serious answer its more than 100 total dollars its about a mortgage payment that they are holding totally

just to be clear they were scheduled to pay me out today a small weekly wire.

They notifed me 2 days ago telling me that all current and future payouts are now suspended.

It was that single act that set us off!

It was being blind sided and after a 9 year processing relationship in good standing 9 years must count for something.

you do not just up and decide hey I am going to stop paying this client after nine years.

You contact your client, you discuss options wit your client first

you suggest to your client that it might be necessary to suspend payouts first.

You do not just decide for your self that you will stop paying your client the week before x-mas holidays.

that is unethical, unprofessional, unacceptable, and quite literally fucked up.

Truth is we are doing far better without verotel than we ever were with them those threads beaner made were legit and the stats are still impressive.

This is purely about principle of a mother fucker just deciding to *SUSPEND* payouts to say have a holly jolly x-mas

SUSPEND - that is a term associated with discliplinary action....like we did something wrong and have to be slapped on the wrist by our fucking middle man and have payouts suspended.

Who the fuck suspends payouts during holidays besides zombaio

so it yes I did need the peasley peanuts but oh well I will have to do with out them for now....but the fact remains is you do not do a client life that after 9 years

there is no reason you could ever give me and there isno reason I could ever give you to justify a middle man holding rebill payouts

that is cheesy rat horseshit and I don;t care if I am 1 against 50,000 I know the difference between right and wrong.

what they did was wrong and I am within my right to call them out and talk all the shit in the world I can possibly talk thats how it works

when you fuck with somebodys money and that somebody aint fucked with you well there are reactions and everyone knows how I reaction this board when a fucker tries and steal my money we scream blooody murder because its the right thing to do

does not bother me to be called lunatic, psycho as much as it bothers them to have this mentioned within the inudstry

postalsex 12-13-2013 09:21 AM

nobody stole anything.... you dont want to provide the docs required and your money is stuck until you do so ....

dyna mo 12-13-2013 09:22 AM

swirls, stay diligent on your rewrites, that last post is a mess.

x-rate 12-13-2013 10:27 AM

http://www.downforeveryoneorjustme.com/saraswirls.com

It's not just you! http://saraswirls.com looks down from here.

Serious business over here! :)

Edit: seem it was temporary... it's up now!

Edit2: seem down again! :)

SwirlsGirl 12-13-2013 11:04 AM

Quote:

Originally Posted by postalsex (Post 19907540)
nobody stole anything.... you dont want to provide the docs required and your money is stuck until you do so ....

fuck you middle man...

you do not want to provide the funds

so your reputation is stuck on being a parasite and I will sing it loud and proud my money is stolen from verotel.

If we have an agreement and they violate the agreement then they are thieves.

No stipulation or ammendment is present in this agreement that says they can suspend payouts

I can do this all day argue with morons.

they could have sent my weekly wire this week, and we could have remained amicable and try to work this out.

They chose to hold money first...decision was made to hold my weekly rebill wires without consulting me the principal who is due the monies.

If they wish to start new policies, and new requests that is perfectly fine....cash me the fuck out, settle what you owe me first!

Then once we settle if you want to *INSIST* that I *submit* to your demands then we can proceed.

But you are not going to demand that I submit to your dictates while you are holding my money.

if they owed me 20 bucks, 200 bucks, or 2000 bucks my actions would be the same.

I find it quite laughable that the majority of responses find no fault or issue with some one having their weekly payouts suspended.

But you find fault, ridicule and humor on the part of the victim...it really is laughable and it only motivates me to drag out and post more shit.

I have no problem expressing my thoughts....its good therapy.

keeps me grounded...I know that I am just in my cause, and I would scream like this for anyone of you ass hats who may or may not have your payouts kid napped.

I don't have to like you to be able to say hey that parasite did you wrong.

What would I look like trying to defend dirty frank or anyone of the trolls who had there money stolen.

Hey dirty frank you are a sphincter rupturer and an asshole but guess what even you dirty frank have an expectation and a right to be paid your monies regardless of you being an asshole.

Yes dirty frank you are a dick, a cunt, a bastard, and so are many of you who support and worship frank, but I would never say fuck frank don't pay him

I would never salivate and orgasm when a peer on gfy is not paid because I have the intelligence to realize if we tolerate them doing to anyone then it will be curtains for us all.

there has to be checks and balances in adult....when a cheesy rat decides he is not going to pay then there needs to be a check against that.

Can you imagine ccbill, epoch, zombaio all deciding tomorrow they are going to suspend payouts for 2 weeks.

The whole industry would be going ape shit, building s would be set on fire, it would be a disaster.

So if its not okay for the rest of the industry to have payouts suspended why should it be ok for one entity to be singled out?

I am the only one apparently in the whole adult industry that has payouts suspended from verotel.

Out of hundreds of clients they chose to suspend my little bit of peanuts.

it just makes no sense and yo fuckers know it...but I know you cannot risk agreeing with me on the boards because you have reputation.

Thanks to those who emailed me off the board and have expressed support!

Dirty D 12-13-2013 01:35 PM

Most adults realize that financial institutions need documents from clients.

Kenny B! 12-13-2013 03:21 PM

As a long time Verotel customer, I have to completely disagree with you here.

They are one of the few 3rd party billing companies who absorb the fee for client that process x amount of volume. The minimum 100 euro a week is also quite reasonable.

I really think you are off base here.

_Richard_ 12-13-2013 03:30 PM

Quote:

Originally Posted by TheSquealer (Post 19906975)

http://i.imgur.com/9EnYr.gif

pimpmaster9000 12-14-2013 03:25 AM

@op that stupidity must be painful :1orglaugh

Major (Tom) 12-14-2013 05:16 AM

@op why is something always going wrong for you?
Ds

signupdamnit 12-14-2013 06:40 AM

I'm having trouble following. Is the problem related to the announcement/email from earlier this year? Did they give you notice of this back then and you didn't handle it but now suddenly they are keeping your money until you send them the ID requested? Or is it something else entirely?

robwod 12-14-2013 07:01 AM

Per your thread title, which Authorities have been alerted exactly regarding such seriously over-sensationalized allegations as "kidnapping payments". INTERPOL, the FBI, Scotland Yard, etc?

It's my understanding that a 6 month reserve is typical of merchant accounts -- or used to be. Thus, when a working relationship with a merchant account provider is terminated, I would think it's a reasonable expectation that the reserve is paid out in 6 months from the date of termination.

I'm unfamiliar with how Verotel works having stopped using them myself back in 2002, but I do recall terminating a merchant account agreement with one other provider and we received our reserve 6 months later.

As has been mentioned already, Verotel has to comply with the rules set forth by the acquiring banks and Gov't policy. The 6 month holdback would be, I would think, typical of a standard 6-month reserve as Verotel is acting as your merchant provider since you are not doing the volume to open one yourself. But if you did, you would still need to comply with the rules and regulations and be subject to the reserve.

BAKO 12-14-2013 07:17 AM

U are the Moron. That's all folks. Thread should end here. Who gave dumb cunts a permission to speak anyways ?

bean-aid 12-14-2013 07:53 AM

Quote:

Originally Posted by robwod (Post 19908555)
It's my understanding that a 6 month reserve is typical of merchant accounts -- or used to be. Thus, when a working relationship with a merchant account provider is terminated, I would think it's a reasonable expectation that the reserve is paid out in 6 months from the date of termination.

typical of a standard 6-month reserve as Verotel is acting as your merchant provider since you are not doing the volume to open one yourself. But if you did, you would still need to comply with the rules and regulations and be subject to the reserve.

I just have this burning feeling to comment on 2 things:

First, any reserve held by a gateway is not the norm. Only in adult is it and it is a cash grab because people in adult don't fight it.

Second, "since you are not doing the volume to open one yourself" is an industry wide lie. It is 100% bullshit and it is about time people realize it.

My comments have nothing to do with this incident. And it appears to no longer be an issue.

dyna mo 12-14-2013 08:09 AM

Quote:

Originally Posted by beaner (Post 19908595)
I just have this burning feeling to comment on 2 things:

First, any reserve held by a gateway is not the norm. Only in adult is it and it is a cash grab because people in adult don't fight it.

paypal holds reserves on many business accounts, 30% for 90 days, and that just one. i know because they do it to mine.

i also passed on another elsewhere that would hold % of funds.

robwod 12-14-2013 08:15 AM

Quote:

Originally Posted by beaner (Post 19908595)
First, any reserve held by a gateway is not the norm. Only in adult is it and it is a cash grab because people in adult don't fight it.

Perhaps. But it's a reality in this industry. People can fight it all they want, but to not expect a reserve to be held in this business is simply naive.

Quote:

Second, "since you are not doing the volume to open one yourself" is an industry wide lie. It is 100% bullshit and it is about time people realize it.
My point was it'd hardly be worth having your own merchant account to process 1 to 2 sales a week, as was the data supplied in this thread.

Markul 12-14-2013 08:16 AM

Quote:

Originally Posted by beaner (Post 19908595)
First, any reserve held by a gateway is not the norm. Only in adult is it and it is a cash grab because people in adult don't fight it.

Wrong, many companies does this in mainstream (at least in the EU, no idea about US based processors) or they will have direct access to withdraw from the account they deposit into.

But I think it's only in adult that so many nutcrackers knows so little about processing and "operating a business".


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