Just signed up for MerchantPLUS - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > General Discussions (Off-Topic) > Entrepreneur > Payment Processing

Payment Processing Discuss payment processing with PayPal, Stripe, Authorize.Net, Bitcoin and other processors for your products and services.

Reply
 
Thread Tools
  #1  
Old 08-07-2009
Subscribed [VIP]
 
Join Date: Jul 2009
Posts: 51
Thanks: 1
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 80%
iTrader: (0)
Default Just signed up for MerchantPLUS

Ok, I just submitted my application for merchantPLUS. Within it, it requested I give info on my supplier or a customer. I used a 2nd phone and put a ⊗⊗⊗⊗ name. When receiving any call to verify, what should I expect?

Also, I put my estimated volume to be about 4k a month..if it happens to go over, is that OK as I "build trust", or will things get frozen? Also, is there a cancellation fee if I end my service within the next year?
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 08-07-2009
proudpapa4's Avatar
Senior Member
 
Join Date: Jul 2009
Posts: 66
Thanks: 10
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 79%
iTrader: (0)
Default

Good credit required for Merchant Plus account?

I'm curious to the answers to your questions as well. I thought with merchant accounts we should be using our "real" information.
Reply With Quote
  #3  
Old 08-08-2009
Subscribed [VIP]
Threadstarter  
 
Join Date: Jul 2009
Posts: 51
Thanks: 1
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 80%
iTrader: (0)
Default

Not sure about the good credit. I have good credit though.

I did use my "real" information, but my supplier is overseas and doesn't like me to hand out his info left and right, so I'm going with this.
Reply With Quote
  #4  
Old 01-11-2010
BeachBoy
 
Posts: n/a
Activity: 0%
Longevity: 0%
Default

I applied last week, and today I was informed they declined my application. Because I have no credit at all, lol. I used all real info though.
Reply With Quote
  #5  
Old 01-11-2010
oge oge is offline
Banned
 
Join Date: Aug 2009
Posts: 1,539
Thanks: 160
Thanked 293 Times in 218 Posts
Activity: 0%
Longevity: 79%
iTrader: (14)
Default

So all that spamming and you didn't get approved? Now what? Back to PayPal.

Reply With Quote
  #6  
Old 01-11-2010
aspkin's Avatar
Administrator
 
Join Date: Jan 2007
Posts: 10,503
Thanks: 2,841
Thanked 3,565 Times in 1,528 Posts
Activity: 47%
Longevity: 100%
iTrader: (24)
Default

I talked to them a month back and they say a lot of people are not getting approved.

Time to find another merchant account.
__________________
¯\_(ツ)_/¯ Get -->

Notice: A SHORT & SWEET PM gets answered before ANY other PMs sent me.
Reply With Quote
  #7  
Old 01-11-2010
Senior Member
 
Join Date: Jan 2010
Posts: 233
Thanks: 89
Thanked 44 Times in 34 Posts
Activity: 10%
Longevity: 76%
iTrader: (3)
Default

Try this one here, the only next step is to ebay approval. So do some homework. I do know of a merchant that take bad credit apps and claim to be ebay compatible, however I haven't tried them PM me for there website link.
Reply With Quote
  #8  
Old 01-11-2010
Senior Member
 
Join Date: Jan 2010
Posts: 233
Thanks: 89
Thanked 44 Times in 34 Posts
Activity: 10%
Longevity: 76%
iTrader: (3)
Default

Updates your better off getting a tax id and a business registered, then build credit for your business and get a merchant getway. Ebay and Paypal will take you more seriously when your a business with its own identity. Plus you don't have to worry about HAVING BAD CREDIT. A business with a tax id is tide to it's own credit, it has its own identity. It's like a social security with a credit history tide to it. There are loops to bad personal credit. I have bad credit but my biz has good credit so I get approved using my good credit. And if you have no credit then build it, it's easy especially if you in ecommerce.

Also use ebay certified wholesalers and drop-shipper as a supplier info.
__________________________________________________ ________________________
Curiosity didn't kill the cat, they just hush him up because he know to much. Don't tell ebay what you know.
Reply With Quote
  #9  
Old 01-11-2010
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 41,971
Thanks: 5,467
Thanked 8,992 Times in 7,021 Posts
Activity: 10%
Longevity: 95%
iTrader: (6)
Default

Quote:
Originally Posted by revenge View Post
Try this one here, the only next step is to ebay approval. So do some homework. I do know of a merchant that take bad credit apps and claim to be ebay compatible, however I haven't tried them PM me for there website link.
First Data is not recommended. Several users had far too much trouble with with them.

Be careful what you recommend,friend
__________________
Ever look at someone and think “WhyTF has no one hit you with a shovel yet?
Reply With Quote
The Following User Says Thank You to GreenBean For This Useful Post:
Lyda (01-11-2010)
  #10  
Old 01-11-2010
Lyda's Avatar
Senior Member
 
Join Date: Jul 2008
Posts: 1,463
Thanks: 58
Thanked 113 Times in 102 Posts
Activity: 0%
Longevity: 88%
iTrader: (1)
Default

First Data will rip you off big time.... They will approve your account, email you 6 pages of small print to sign and than after they raise their fees every 2-3 months and you finally had enough of them and want to cancel, they will hit you with $170 penalty if you do so before the year is out.
Depending where in the year cycle is that you want to cancel, it may prove to be more "cost effective" to keep on paying them inflated account monthly fees to avoid penalty -especially if you have only 2-4 months left with them. And if so, expect to get hit with yet another $75 fee just for deciding to close. Does not matter that your contract with them expired.. They'll get you one way or the other.You want to close - you pay. And..... you signed that when you didn't bother to read 6 pages of tiny small print.
Reply With Quote
The Following 2 Users Say Thank You to Lyda For This Useful Post:
GreenBean (01-12-2010), MtnDew (09-07-2010)
  #11  
Old 01-12-2010
Senior Member
 
Join Date: Jan 2010
Posts: 233
Thanks: 89
Thanked 44 Times in 34 Posts
Activity: 10%
Longevity: 76%
iTrader: (3)
Default

Quote:
Originally Posted by Lyda View Post
First Data will rip you off big time.... They will approve your account, email you 6 pages of small print to sign and than after they raise their fees every 2-3 months and you finally had enough of them and want to cancel, they will hit you with $170 penalty if you do so before the year is out.
Depending where in the year cycle is that you want to cancel, it may prove to be more "cost effective" to keep on paying them inflated account monthly fees to avoid penalty -especially if you have only 2-4 months left with them. And if so, expect to get hit with yet another $75 fee just for deciding to close. Does not matter that your contract with them expired.. They'll get you one way or the other.You want to close - you pay. And..... you signed that when you didn't bother to read 6 pages of tiny small print.

What are your recommendation? I wouldn't recommend it for a someone with good credit. However, it seen that the good merchants are for preferred candidates and the not so good one are for the not so good credit reports consumers. Thank for sharing you insight on this company, was that a personal experience? One thing about doing business is that you have to read ALL the fine print and the red tapes. You'll be surprise what you can find on companies policy such as eBay which many buyer and sellers overlook. Example from ebay "We may also share your personal information with:
Members of the eBay Inc. corporate family—like PayPal, Skype or Shopping.com - Therefore, although we work very hard to protect your privacy, we do not promise, and you should not expect, that your personal information or private communications will always remain private."
Reply With Quote
  #12  
Old 01-12-2010
Lyda's Avatar
Senior Member
 
Join Date: Jul 2008
Posts: 1,463
Thanks: 58
Thanked 113 Times in 102 Posts
Activity: 0%
Longevity: 88%
iTrader: (1)
Default

Yes, it was personal experience but I didn't know at the time how bad they were and thought it was reputable company I was signing up with. If I just Googled them before I signed on with them I would have known better. Live and learn....I don't use merchant account at the moment, but if I will I am doing my due dilligence first....
Reply With Quote
The Following User Says Thank You to Lyda For This Useful Post:
revenge (01-12-2010)
  #13  
Old 01-12-2010
Senior Member
 
Join Date: Sep 2009
Posts: 268
Thanks: 3
Thanked 44 Times in 35 Posts
Activity: 0%
Longevity: 79%
iTrader: (0)
Default

do you know.....

must i confirm the order when the costumer orders?

Or do they send the money automaticly?
Reply With Quote
  #14  
Old 01-12-2010
Senior Member
 
Join Date: Jan 2010
Posts: 233
Thanks: 89
Thanked 44 Times in 34 Posts
Activity: 10%
Longevity: 76%
iTrader: (3)
Default

Quote:
Originally Posted by Lyda View Post
Yes, it was personal experience but I didn't know at the time how bad they were and thought it was reputable company I was signing up with. If I just Googled them before I signed on with them I would have known better. Live and learn....I don't use merchant account at the moment, but if I will I am doing my due dilligence first....
Yes, I fully agree with you. I had experiences in the past that could had been avoided by doing some research such as company review, product review, company scam, or searched the ebay forum for other peoples personal experiences. It's best to learn from other people's mistakes, it can save you time and money.

The worst that could happen is not finding any reviews, stories or testimonial. That when you have to read all the fine print and ask many questions or just wait for someone to else to give you feedback on there experience.
Reply With Quote
  #15  
Old 01-12-2010
Lyda's Avatar
Senior Member
 
Join Date: Jul 2008
Posts: 1,463
Thanks: 58
Thanked 113 Times in 102 Posts
Activity: 0%
Longevity: 88%
iTrader: (1)
Default

Exactly! Its real easy to Google just about anything.. Don't see how and why I didn't. But I do know now.. I think. lol
Reply With Quote
  #16  
Old 01-13-2010
Junior Member
 
Join Date: Jan 2010
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 76%
iTrader: (0)
Default

Quote:
Originally Posted by oge View Post
So all that spamming and you didn't get approved? Now what? Back to PayPal.

LOL, I had my hopes up. But yea back on paypal. I got both ebay and paypal verified and I'm hoping for the best.

But Merchant plus did say they will try to submit my application to another bank that accepts more people. Not getting my hopes up though.
Reply With Quote
  #17  
Old 01-13-2010
oge oge is offline
Banned
 
Join Date: Aug 2009
Posts: 1,539
Thanks: 160
Thanked 293 Times in 218 Posts
Activity: 0%
Longevity: 79%
iTrader: (14)
Default

Ohh now you have a new name to spam with?
Reply With Quote
  #18  
Old 01-14-2010
BeachBoy
 
Posts: n/a
Activity: 0%
Longevity: 0%
Default

Quote:
Originally Posted by oge View Post
Ohh now you have a new name to spam with?
I dont spam, I help people who dont want to deal with paypal and are looking for a alternative.
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
paypal accounts linked if I signed into wrong account n4spd IP Address 1 06-30-2009 10:16 PM
Signed back up to paypal after 6months Superpak Subscriber Discussions 5 07-11-2008 12:40 AM
>>FOLKS--- Christmas Selling Season--only 5 months away--get SIGNED UP NOW!!!! ebayhateluv Payment Processing 2 06-17-2008 07:58 PM
Signed in my previous suspend. account!help pls cyauthentic eBay Suspensions 4 02-06-2008 06:01 AM


Aspkin Group

All times are GMT -5. The time now is 03:48 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts