Quote:
Originally Posted by rsot
As for Roscoe`s words, I would agree that some folx have success with more than 10k a day in pp, we tend to go with general stats...pp is known for causing headaches so why bother when there are other ways around too.
No processor is without problems but pp is a headache that should be avoided when doable - that`s my view on it. | I agree, PP should be avoided at all cost if possible. Unfortunately for a lot of Internet Marketing (Digital Downloads) a lot of people use PP (money is already in their accounts from other online activities) for most of their online transactions and a few sites where I sell my goods ONLY allow Paypal as their Processor if you want to use their affiliate programs.
Affilites bring in 75%+ of my sales, so going with a Merchant like PowerPay or AuthorizeNet is not an option.
I personally have several friends who run 50k to $100,000 thru a legal LLC Paypal account on a monthly basis. One of my friends used to run $50,000 a month thru his legal LLC. Unfortunately PP shut him down forever. Now he uses Stealth accounts and burns thru a newly created account in no time because he gets hit with the $20,000 notice and he can't provide docs.
Normally he can get most of his money out before they Limit his account. However, sometimes he can get up to $35,000 run thru in 2-3 days before the shutdown. Then he has to wait a 180 days to get his money. I know that currently he has about $60,000 tied up waiting for the 180 day mark to expire.
He told me this is now part of his business cycle, no way around it.
I've also known a few people who got wiped out financially because their business was dependent upon PP and when they got shut down it was Devastating.
Dan Kennedy says the worst number is 1.
1 of anything can kill your business.
1 lead source
1 merchant processor
1 employee
1 product
1 wife |