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MIT Entrepreneurship & Simplistic Online Ventures

by BristolWhip
4 replies
I'm trying to stay away from paypal as a payment processor due to the massive amounts of mess ups they've had from fraudulent buyers. I've considered stripe as a payment processor but don't know of a good selling platform that would be good for drop shipping business models. I really don't want to deal with chargebacks through shitpal.

Any experiences or related information towards direction is appreciated.
#entrepreneurship #mit #online #simplistic #ventures
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  • Profile picture of the author Brent Stangel
    I'm trying to stay away from paypal as a payment processor due to the massive amounts of mess ups they've had from fraudulent buyers.
    In the 10 years, I've been using PP, I've never had this problem.

    I really don't want to deal with chargebacks through shitpal.
    Good luck with that!

    If I had to make an experienced guess, I would guess PP has decided they don't want to do business with you. Isn't that the truth?

    Brent
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  • Profile picture of the author writeaway
    I haven't had any problems with PP. Just VERIFY your account and send them the INFO they need and you're good to go.
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  • Profile picture of the author Sid Hale
    Originally Posted by BristolWhip View Post

    I'm trying to stay away from paypal as a payment processor due to the massive amounts of mess ups they've had from fraudulent buyers.
    Fraudulent buyers on Paypal are, for the most part, found in the IM products market.

    When drop-shipping physical product,
    1. always get proof of delivery from the shipper, and
    2. require physical return of product before refunding a purchase

    Just these two things will virtually eliminate fraudulent buyers for drop-shippers.


    Originally Posted by BristolWhip View Post

    I've considered stripe as a payment processor but don't know of a good selling platform that would be good for drop shipping business models.
    The best selling platform for drop-shipping is your own web site... regardless of payment processor.

    Originally Posted by BristolWhip View Post

    I really don't want to deal with chargebacks through shitpal.
    Paypal is the only payment processor I'm aware of that will actually protect you against chargebacks, as long as you can supply proof of delivery. They will "eat" the chargeback on physical product with proof of delivery, unless the buyer can provided proof that the product was returned.

    Originally Posted by BristolWhip View Post

    Any experiences or related information towards direction is appreciated.
    I ran a very lucrative drop-shipping business in the golf gift niche for ~two years using exclusively Paypal as my payment processor.
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    Sid Hale
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  • Profile picture of the author Mike Anthony
    As Sid has implied - you are mistaken. Chargebacks can happen anywhere a buyer uses a credit or debit card. It is NOT just a matter of avoiding Paypal.
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