Will GCO reverse/hold this money? - eBay Suspension & 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) > Sales & Marketing > 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 07-28-2012
Junior Member
 
Join Date: Feb 2012
Posts: 78
Thanks: 0
Thanked 2 Times in 2 Posts
Activity: 0%
Longevity: 59%
iTrader: (0)
Default Will GCO reverse/hold this money?

OK, I sold an item on the 25th for $1300 via a GCO e-mail invoice. The payout tab says the payout occurred on the 26th. I'm on the standard two day payout schedule so I assume it actually occurred on the 27th?


Early this morning I received the following e-mail...


"Hello,

In order for us to verify your account, we need additional information
about your business that wasn't requested during the signup process.
Please see this help center article for more information on this process:
https://checkout.google.com/support/...tinue&hl=en_US.

Though you can still accept and charge new orders at this time, you'll
need to verify your account in order to continue processing transactions
through Google. Failure to submit the required documentation can result in
delayed payouts, refunded orders, or account suspension. We'll email you
again once we've received and verified your information.

If you have any additional questions, feel free to reply to this email.

Sincerely,

The Google Payments Team"



The link had a small checklist to complete (send in some docs), but it also said if a website is added to my contact details page the checklist is waived. I added a website, but it's not a business site... just an auction site and there is no way to create a direct link to my items for sale on this one. I sent them an e-mail explaining that etc.

They payout is not in my bank account yet, but it has only been one or two days and it's the weekend of course. Does GCO reverse/hold payouts? If so, do they tell you that is the case?

Last edited by JohnPublic; 07-28-2012 at 06:53 PM.
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 07-28-2012
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 41,973
Thanks: 5,467
Thanked 8,992 Times in 7,021 Posts
Activity: 13%
Longevity: 95%
iTrader: (6)
Default

Is this your 1st payment from GCO?
__________________
Ever look at someone and think WhyTF has no one hit you with a shovel yet?
Reply With Quote
  #3  
Old 07-28-2012
Junior Member
Threadstarter  
 
Join Date: Feb 2012
Posts: 78
Thanks: 0
Thanked 2 Times in 2 Posts
Activity: 0%
Longevity: 59%
iTrader: (0)
Default

Yes it is.
Reply With Quote
  #4  
Old 07-28-2012
MU
 
Join Date: Jul 2008
Posts: 2,938
Thanks: 307
Thanked 554 Times in 293 Posts
Activity: 0%
Longevity: 87%
iTrader: (32)
Send a message via AIM to First Edition Send a message via MSN to First Edition Send a message via Yahoo to First Edition Send a message via Skype™ to First Edition
Default

You're going to have to provide that info.... have you shipped the item yet? I hope not. You're better of refunding your buyer and getting them to pay another way.
Reply With Quote
  #5  
Old 07-29-2012
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 57,580
Thanks: 4,573
Thanked 7,012 Times in 6,386 Posts
Activity: 100%
Longevity: 76%
iTrader: (7)
Default

Agree with First Edition - play safe on this one, follow the steps or avoid.
Reply With Quote
  #6  
Old 07-29-2012
Junior Member
Threadstarter  
 
Join Date: Feb 2012
Posts: 78
Thanks: 0
Thanked 2 Times in 2 Posts
Activity: 0%
Longevity: 59%
iTrader: (0)
Default

I haven't shipped it yet. I think I'm ok with GCO now as they just sent me this...


"Hello,

Thanks for updating your public business URL to match the website you're
using for Google Payments transactions. We're happy to confirm that your
merchant account is now active.

Please be sure to continue following our program and content policies in
the future. To learn more, visit
http://checkout.google.com/support/s...y?answer=46174.

Sincerely,

The Google Payments Team"
Reply With Quote
  #7  
Old 07-29-2012
MU
 
Join Date: Jul 2008
Posts: 2,938
Thanks: 307
Thanked 554 Times in 293 Posts
Activity: 0%
Longevity: 87%
iTrader: (32)
Send a message via AIM to First Edition Send a message via MSN to First Edition Send a message via Yahoo to First Edition Send a message via Skype™ to First Edition
Default

Google will rape you. Trust me. Starting out they are THE WORST. That's a huge payment to take for your first one. Beware.... I had one account with about 2 grand in it.... after I delivered everything, they decided to refund my buyers on my behalf (even after I uploaded tracking) Then they put my account in the negative some how. After two years I ended up getting around 200 dollars from them. It was because I sold too much too fast.
Reply With Quote
The Following User Says Thank You to First Edition For This Useful Post:
surcerouche (09-26-2012)
  #8  
Old 07-29-2012
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 57,580
Thanks: 4,573
Thanked 7,012 Times in 6,386 Posts
Activity: 100%
Longevity: 76%
iTrader: (7)
Default

Second that - the problem with GCO is that they will NOT even let you know that judgement has been rendered and funds are being returned.
Reply With Quote
  #9  
Old 08-11-2012
Junior Member
 
Join Date: May 2011
Posts: 116
Thanks: 24
Thanked 25 Times in 17 Posts
Activity: 0%
Longevity: 65%
iTrader: (1)
Default

Okay, so this one thing happened to me before and I was able to verify it.

However, aside from my real CGO, I had a stealth one and decided to add a ssn/tax ein attached to the account plus birth date and collected over $7000+ in the first week with my stealth. I found this one forum, and this one guy was able to beat it as described above.

The thing is Google fraud team, will eventually ask you to verify ether ID's, SSN or Email (Now even Credit Cards for buyers), within the first two months, but if you just add this information it can be false, they do only a name search through data based or a soft inquiry on your credit to verify name. Even if you information comes back negative or the name belongs to an account. Regarless, they just use city records or skip your account entirely and even put you on a standard payout. So I decided to see if it actually worked and I created rhis one account with only a credit card not ssn/ein just name and credit card. Sold a few and received a message fast in 24hrs of selling my item.

The trick works and I no longer use the stealth account but is active to date.
Reply With Quote
  #10  
Old 08-12-2012
Junior Member
Threadstarter  
 
Join Date: Feb 2012
Posts: 78
Thanks: 0
Thanked 2 Times in 2 Posts
Activity: 0%
Longevity: 59%
iTrader: (0)
Default

I did about $10,000 through this account so far with no problems after I updated my profile with the URL. It's in my real name though and I provided my real SSN etc. Another account I set up that was stealth went down... I can't even log in... it's been totally deleted.
Reply With Quote
  #11  
Old 08-13-2012
Junior Member
 
Join Date: May 2011
Posts: 116
Thanks: 24
Thanked 25 Times in 17 Posts
Activity: 0%
Longevity: 65%
iTrader: (1)
Default

Quote:
Originally Posted by JohnPublic View Post
I did about $10,000 through this account so far with no problems after I updated my profile with the URL. It's in my real name though and I provided my real SSN etc. Another account I set up that was stealth went down... I can't even log in... it's been totally deleted.
yes just , they are only allowing you to have one acount and you probably got link to your account or you are using a VPN (proxy) was detected. Regarless, is blocked and you cannot fight it.
Reply With Quote
  #12  
Old 08-15-2012
Junior Member
Threadstarter  
 
Join Date: Feb 2012
Posts: 78
Thanks: 0
Thanked 2 Times in 2 Posts
Activity: 0%
Longevity: 59%
iTrader: (0)
Default

No VPNs/Proxies. I actually connect from different states within one state. I bet it went down because the SSN was false... I'm sure they can verify that at least. There was no money in this account at the time so its ok and I can get more.
Reply With Quote
  #13  
Old 08-15-2012
unkown5454's Avatar
Executive [VIP]
 
Join Date: Mar 2011
Posts: 4,183
Thanks: 2,142
Thanked 1,292 Times in 927 Posts
Activity: 28%
Longevity: 67%
iTrader: (0)
Default

Submitting false SSNs? Really classy.
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
21 day money hold WTF?! royzilla eBay Discussion! 9 07-11-2012 01:26 PM
PayPal 21 Day Money Hold? Konster PayPal Talk 4 03-28-2011 03:36 AM
paypal took money after 180 day hold warriorpluto PayPal Talk 4 12-13-2010 03:36 PM
Everytime PAYPAL LIMITS ME, they reverse all the payments I sent to get money out. ebay4me Paypal Limited 2 10-20-2009 08:05 PM
21 hold- can I use the money to pay ebay fee metroline PayPal Talk 2 04-16-2009 07:07 PM


Aspkin Group

All times are GMT -5. The time now is 02:32 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