Who Is IN Control Of Your Business

7 replies
So the Skype Groups are buzzing and emails are flying as we discuss the apparent vulnerability we all face at the hands of PayPal.

Only yesterday I commented on how people's accounts had been locked out for months because of reported (yet unproven) irregularities primarily due to allowing people to collect ebay items from your door rather than using postal services.

Whilst this recording snippet from the BBCs MoneyBox ( http://crucialviews.com/av/MoneyBoxOnPaypal.mp3 ) seemed incredible, it fades into insignificance when we read about the recent lockdown by paypal on one of our very own Warriors.

Now I am not posting this to defend either side as everyone has a story and often the truth is obscurred by confusion but I did just want to raise some thoughts around the delicate balance we place on our businesses by our reliance upon paypal over and above every other payment method.

Maybe as we read the thoughts and comments of those affected by such lock downs, it might be a good time to review our own practices.

For example, is your adsense revenue paid to a paypal account or is it paid by cheque. Same goes for Clickbank and so many other providers. We don't actually need to rely upon paypal quite as much as some of us do, even though it makes so much sense in most instances, possibly due to the immediacy of having those funds available in the currency that we deal in.

I quite often notice that when buying WSOs, the paypal account is not so obviously linked to the vendor as being in their name or company name. In fact, I have noticed that I have bought subsequent products from the same vendor but used a different paypal address and even paid to different accounts for a front end offer and then the OTO. This does prove in some ways that some marketers are hedging their bets and keeping options open but I am also aware that this is not a standard practice and many of us might remain vulnerable.

So maybe now is a great time for people to drop in some suggestions aboutalternatives to protect our businesses rather than pointing fingers in any one direction.

Listening to the recent interview, ( http://anthonyaires.com/PayPalcall.mp3 ) it is clear that we have little apparent recourse to their decisions, with or without reason and so let's just try to avoid similar disaster and keep our options going.

It would be great if people would reply with options and strategies to offset the doom of such an occurrence in our businesses and it would be good if we could also learn the pros and cons of any suggested idea, i.e. cost of the service, customer perception, complexity of use etc.

I am sure that the recent issues will not be resolved by our shouting but lets at least try to make sure we limit our liabilities wherever practicable.

Thanks for listening.

Tony Grant
#account closure #business #control #dispute #paypal #vulnerability
  • Profile picture of the author Kym Robinson
    great post Tony

    I'll just add a great resource.....

    Jay Boyer and his gorgeous dad have a great product with lots of excellent info on how to avoid this sort of thing and what to do if it happens to you!

    Hopefully Jay will pop by with a link as I dont have it handy - but its probably one of the best resource's available....that I know of anyway.

    Kym
    {{ DiscussionBoard.errors[5583964].message }}
  • Profile picture of the author Scott Nelson
    Amazing timing Tony. I just finished reading a document named Payment Shield Pro that Jason Fladlien and Wilson Mattos co-authored. I won't post a link on how to find it but I think any warrior worth their salt can find it easy enough.

    As I read the document I sat there and nodded my head at every turn a page and can much better understand PayPals stance and pretty clearly see that most IM'ers paint a bullseye on their forehead.

    I will not go into detail about the contents (buy your own copy) more than to say they recommend very sound business practices that when PayPal comes sniffing or locking your account you don't have to resort to "Go after those guys that run the forum not just me". Instead you can demonstrate you are a legitimate business that completely abides by PayPal TOS not only in actions but in spirit.
    Signature
    The kinder, gentler internet warrior.
    {{ DiscussionBoard.errors[5584042].message }}
    • Profile picture of the author Rick W
      Originally Posted by Scott Nelson View Post

      Amazing timing Tony. I just finished reading a document named Payment Shield Pro that Jason Fladlien and Wilson Mattos co-authored. I won't post a link on how to find it but I think any warrior worth their salt can find it easy enough.

      As I read the document I sat there and nodded my head at every turn a page and can much better understand PayPals stance and pretty clearly see that most IM'ers paint a bullseye on their forehead.

      I will not go into detail about the contents (buy your own copy) more than to say they recommend very sound business practices that when PayPal comes sniffing or locking your account you don't have to resort to "Go after those guys that run the forum not just me". Instead you can demonstrate you are a legitimate business that completely abides by PayPal TOS not only in actions but in spirit.
      Thanks for sharing this, i will look into this. I rely heavily on Paypal so it means a huge deal to me to be safe
      {{ DiscussionBoard.errors[5584754].message }}
  • Profile picture of the author HarrieB
    Really appreciate your discussion and post..
    its true and the people are very vulnerable at this point!!
    {{ DiscussionBoard.errors[5584060].message }}
  • Profile picture of the author KBrown
    Great Post Tony... I have already started to move in other directions with payment options. Its the only clear thing to do. Good luck to all and I will see you around!

    KBrown
    Rock On~
    Signature
    Is Your Open Rate Sucking. Check Out My Free E-Book EMAIL INVASION. Filled With Out Of This World Tips To Help You Invade In-Boxs Every Where!
    www.IMKBrown.Com
    {{ DiscussionBoard.errors[5587975].message }}
    • Profile picture of the author trevpen
      Originally Posted by KBrown View Post

      Great Post Tony... I have already started to move in other directions with payment options. Its the only clear thing to do. Good luck to all and I will see you around!

      KBrown
      Rock On~
      Please, could you expand a little on the alternative options? I think others than myself will also benefit from the info. Thanks!
      {{ DiscussionBoard.errors[5591887].message }}
  • Profile picture of the author Anton Nadilo
    Fantastic post Tony.

    It is clear that many people are confused and runnign scared in regards to PayPal and the events they have witnessed over the past month. I think it is important for people to understand that there are a clear set of strategies that can be implmented by an MMO Marketer to significantly reduce the likelihood of this occuring. Whilst the obvious one is abandoning the "Good Ship PayPal" this approach may not be the most appropriate or advisable in a lot of instance.
    {{ DiscussionBoard.errors[5652599].message }}

Trending Topics