I can make 10K+ a day/ but always payment problems...suggestions?

rsot · #23 11-01-2017

Quote:

Originally Posted by GreenBean

Hahaha

The master returns.

I wasn't implying myself btw - like unkown 5454 stated, there are quite a few holes in the story...klnd of alarming...

aking · #24 11-01-2017

Quote:

Originally Posted by nelly4dust

Hi All,
I barely post but I need some advice ASAP. I can easily make over 10k a day with my websites. I build websites and advertise using Google. Making money, getting traffic/customers, finding hot products, reliable suppliers etc isn't a problem and actually comes second nature to me now. I'm able to build sites in one day because I've been doing it for so long. Normally I use a stealth Paypal to accept payments and spread sales over a few accounts but it's starting to become difficult as it always does during this time of year because of all the holiday shoppers. Meaning, I'm getting way more sales than the stealth Paypal accounts can endure so soon because they are not aged and no history. Many times I get 21 day holds right away. I also know that I should have prepared earlier this year for the holidays but I didn't.

I know that with new stealth accounts you have to move very slow but I don't have time to move so slow with the holiday rush that is approaching and will lose out on the opportunity to make a massive amount of money if I keep playing with amateur stealth Paypal accounts. I also know that a merchant account is a good option but even with a merchant account it isn't good to get a large volume of sales so quickly or they can terminate you too.

At this point I'm trying to figure out what I should do. Definitely don't want to go through another holiday season making the minimum when I have the potential to make a million. How do you top sellers do it? What do you recommend? All advice is appreciated! ( Sorry for the long post....needed to vent a little lol)

That's great, you just described half the members problems with this lol. We all can make sales and make money, but unfortunately the days of instant payments is over. You have to wait like all of us, until someone finds a loop hole.

GreenBean · #25 11-01-2017

Quote:

Originally Posted by nelly4dust

Hi All,
I barely post but I need some advice ASAP. I can easily make over 10k a day with my websites. I build websites and advertise using Google. Making money, getting traffic/customers, finding hot products, reliable suppliers etc isn't a problem and actually comes second nature to me now. I'm able to build sites in one day because I've been doing it for so long. Normally I use a stealth Paypal to accept payments and spread sales over a few accounts but it's starting to become difficult as it always does during this time of year because of all the holiday shoppers.

At this point I'm trying to figure out what I should do. Definitely don't want to go through another holiday season making the minimum when I have the potential to make a million. How do you top sellers do it? What do you recommend? All advice is appreciated! ( Sorry for the long post....needed to vent a little lol)

This is a really good gift you have. Not a lot of sellers can combine such skills.
In ecommerce, our worst enemy is Time. In your niche, you have another enemy your source of payments.
Would you be prepared to consider just trading on the current accounts at the moment and not making your goal?
Are you willing to face the chance of losing good sites if anything goes pear shaped?

Much as I moan about PayPal, it can be a consistent source of funds. But I was taught to never rely on one source.

What other merchant sources have you checked? This site should interest you.
https://www.cardpaymentoptions.com/c...t-high-volume/

Please note, I am not saying do not do this. I am saying be aware this is going to be difficult to pull off “fast”. Look over options carefully.

aking · #26 11-01-2017

I still don't understand your problem. If your generating that many sales consistently, why would you be worried about 21 day hold? You will constantly have payments being released daily.

GreenBean · #27 11-01-2017

Quote:

Originally Posted by rsot

I wasn't implying myself btw - like unkown 5454 stated, there are quite a few holes in the story...klnd of alarming...

Bah... stirring you,Pumpkin x

But unkown posted after you

nelly4dust · #28 11-01-2017

Quote:

Originally Posted by GreenBean

This is a really good gift you have. Not a lot of sellers can combine such skills.
In ecommerce, our worst enemy is Time. In your niche, you have another enemy your source of payments.
Would you be prepared to consider just trading on the current accounts at the moment and not making your goal?
Are you willing to face the chance of losing good sites if anything goes pear shaped?

Much as I moan about PayPal, it can be a consistent source of funds. But I was taught to never rely on one source.

What other merchant sources have you checked? This site should interest you.

Please note, I am not saying do not do this. I am saying be aware this is going to be difficult to pull off “fast”. Look over options carefully.

I'm willing to lose sites because I build them extremely fast so replacing a site doesn't bother me at all. It just seems that nothing get easier and the more money, the more problems.
I also never rely on one source but using many paypals is so tideous and seems to take a lot of effort to control by myself. I really should've prepared for this months ago.

GreenBean · #29 11-01-2017

Yes, PayPal is time consuming For your proposed plan, you need to mix up payments.

I added that site. (Need to sleep,worked all night).

You hit the nail on the head. The more you work, earn funds, the more hassles. But to discover outcomes, you ask questions.

nelly4dust · #30 11-01-2017

Quote:

Originally Posted by rsot

I wasn't implying myself btw - like unkown 5454 stated, there are quite a few holes in the story...klnd of alarming...

Alarming? I find my question to be quite simple. So how is there "holes" in "my story"? I don't understand why people respond only to be seen. You are not contributing to my question so why bother to respond. This is not "hooked on phonics" a child can understand something so simple....I don't have to break down everything I do and my reasoning and method. Either you have experience and can give good valuable advice or move right along to another thread.

nelly4dust · #31 11-01-2017

Quote:

Originally Posted by aking

That's great, you just described half the members problems with this lol. We all can make sales and make money, but unfortunately the days of instant payments is over. You have to wait like all of us, until someone finds a loop hole.

I've never been the type to wait in line like everyone else. I'm trying to be the one that find the loophole....:/

**SaiJin** · #32 11-01-2017

Enough with the attitude from everyone in here. Stop being judgemental and provide tips or brainstorming materials.

As for you, Nelly, I don't understand why you'd want to keep using paypal if you are not using eBay, especially with that high amount of sales each day.
Based on everything you said, to me you are more of a researcher and not a business builder.

What that meant is you can provide the goods and services, but better to let a manager take care of your funds. At that level you'd need one regardless.
A good manager can deal with merchant accounts, set up LOI or BLC and even make a deal with the payment processor and actually set it up so that you won't have to worry about the transfer to your bank.

This is how the big boys play. PP is almost never in the picture.

So basically call up your bank manager and tell him / her your business, volume, type of products, expectations etc and he'll come up with a solution for you.

nelly4dust · #33 11-01-2017

Quote:

Originally Posted by SaiJin

Enough with the attitude from everyone in here. Stop being judgemental and provide tips or brainstorming materials.

As for you, Nelly, I don't understand why you'd want to keep using paypal if you are not using eBay, especially with that high amount of sales each day.
Based on everything you said, to me you are more of a researcher and not a business builder.

What that meant is you can provide the goods and services, but better to let a manager take care of your funds. At that level you'd need one regardless.
A good manager can deal with merchant accounts, set up LOI or BLC and even make a deal with the payment processor and actually set it up so that you won't have to worry about the transfer to your bank.

This is how the big boys play. PP is almost never in the picture.

So basically call up your bank manager and tell him / her your business, volume, type of products, expectations etc and he'll come up with a solution for you.

Thank you for your advice. However, I don't know if you got a chance to read one of my previous comments. The thing is, I never said that Paypal is all I want to use. I'm willing to work with whatever will work better than what I'm already doing.
I have used a merchant account in the past and that was a problem too because I made too much money too soon. I didn't think it would be a problem, but it was. Basically I've tried merchant accounts, Legit Paypals, Stealth Paypals etc. I'm trying to find a way to receive the large sales volume over several different accounts, and payment processors for several different websites.
Otherwise I will need to just cutback and make money much much slower if I can't find a real solution. I must admit I did enjoy the convenience of the merchant account at the time but for those who are familiar with merchant accounts know that they can be a pain too.

nelly4dust · #34 11-01-2017

Quote:

Originally Posted by SaiJin

Enough with the attitude from everyone in here. Stop being judgemental and provide tips or brainstorming materials.

As for you, Nelly, I don't understand why you'd want to keep using paypal if you are not using eBay, especially with that high amount of sales each day.
Based on everything you said, to me you are more of a researcher and not a business builder.

What that meant is you can provide the goods and services, but better to let a manager take care of your funds. At that level you'd need one regardless.
A good manager can deal with merchant accounts, set up LOI or BLC and even make a deal with the payment processor and actually set it up so that you won't have to worry about the transfer to your bank.

This is how the big boys play. PP is almost never in the picture.

So basically call up your bank manager and tell him / her your business, volume, type of products, expectations etc and he'll come up with a solution for you.

As for the manager tip...that is the one thing I haven't tried. I will be looking into that asap! because I need time to deal with all the other important things that come with running more than one business. Never thought of that. Thank you for that tip!

ebaystealth1974 · #35 11-01-2017

Quote:

Originally Posted by nelly4dust

I have used a merchant account in the past and that was a problem too because I made too much money too soon.

Surely you're wise enough to know the answer by now...

**aspkin** · #36 11-01-2017

It just seems that nothing get easier and the more money, the more problems.

Very true!

So, you know about spreading out sales over multiple accounts. Unfortunately you haven't fully taken advantage of this with aged accounts and dozens of PayPals with your volume. Nothing you can do but keep trying to build up reserve accounts. Also spreading sales to merchant accounts (which you should be fine with higher dollar amounts, I don't know why you have issues with that), and other payment processors. I like Bitcoin.

Depending on your customers take other payment processors as well.. heck Amazon Payments is great too.

Part of the business is handling financing; it sounds like you're going through a growth period and possibly need partners or assistants to help with departments that have out grown you (I can't help, sorry). I hope you get the help you need. Maybe focus less on building and more on payment management so you can capitalize on your work.

Good luck!

ebaystealth1974 · #37 11-01-2017

Quote:

Originally Posted by aspkin

the more money, the more problems.

I guess Biggie was right! lol

GreenBean · #38 11-01-2017

Quote:

Originally Posted by GreenBean

You hit the nail on the head. The more you work, earn funds, the more hassles. But to discover outcomes, you ask questions.

Same meaning as Biggie’s words.

**aspkin** · #39 11-01-2017

Quote:

Originally Posted by ebaystealth1974

I guess Biggie was right! lol

I did not write that.. I would have added some English to it.. Lol.

BaggaDonuts · #40 11-02-2017

If everything is on the up and up, and not against Paypal's AUP, you're probably best to ride out the 90 days of 21-day holds. If you're shipping items, its more like a 10 day hold, since the funds are released 7 days after the item is marked as delivered. So unless you're dropshipping from AliExpress, it is lower.

A suggestion I would make is to try Stripe with your legitimate business details. As long as your stuff isn't on their prohibited businesses you can let it rip from day one and get a payout within a week or two. They will do a 'know your customer' audit at some point. So long as you can pass that, you should be good to go.

If you're dealing with a business outside of that, you need an offshore banking solution with something like Panama. Let me know if you find a reliable person for setting that up, as I need it myself.

unkown5454 · #41 11-02-2017

Quote:

Originally Posted by aspkin

Also spreading sales to merchant accounts (which you should be fine with higher dollar amounts, I don't know why you have issues with that)

I bet I know.

unkown5454 · #42 11-02-2017

Quote:

Originally Posted by nelly4dust

I asked a simple question that obviously you couldn't answer. Did I say I was getting shut down? Who want to deal with 21 day holds if they have large sales volumes?

You aren't a big seller if you aren't getting holds initially and there are plenty of places who hold your money for 30-60 days. You just haven't seen them yet. Get used to it if you plan on growing.

Your PP issue is still bogus if you are actually legit.

nelly4dust · #43 11-02-2017

Quote:

Originally Posted by aspkin

It just seems that nothing get easier and the more money, the more problems.

Very true!

So, you know about spreading out sales over multiple accounts. Unfortunately you haven't fully taken advantage of this with aged accounts and dozens of PayPals with your volume. Nothing you can do but keep trying to build up reserve accounts. Also spreading sales to merchant accounts (which you should be fine with higher dollar amounts, I don't know why you have issues with that), and other payment processors. I like Bitcoin.

Depending on your customers take other payment processors as well.. heck Amazon Payments is great too.

Part of the business is handling financing; it sounds like you're going through a growth period and possibly need partners or assistants to help with departments that have out grown you (I can't help, sorry). I hope you get the help you need. Maybe focus less on building and more on payment management so you can capitalize on your work.

Good luck!

You are right! I definitely need to come up with a better plan for financial management. I'm so used to working alone and have for over 10 years but now it's all more than I can handle, so I will seek options for assistance.

As far as merchant accounts, the one I used before told me that I can't make over 3K per day. ( Didn't know there was limits on merchant accounts) So that ended up being an issue because they didn't tell me that upfront. I was already making over 6k a day at that time. In the process of getting another merchant account now.

I dibbled and dabbled with bitcoin before but never really gave it a real chance. Just seemed it would be difficult for my customers to make payments if they weren't familiar with bitcoin. Wanted to keep it simple. I will look into it more. Thanks for the great tips.

ebaystealth1974 · #44 11-02-2017

Quote:

Originally Posted by nelly4dust

As far as merchant accounts, the one I used before told me that I can't make over 3K per day. ( Didn't know there was limits on merchant accounts) So that ended up being an issue because they didn't tell me that upfront. I was already making over 6k a day at that time. In the process of getting another merchant account now.

Merchant accounts aren't concerned with how much you make. I wish you and a phuck ton of other people would quit confusing that word with "sell".