Hello ya all!!
I hope 2019 has started off for you with a splash of greatness and success!
I have been busy up until I ended up in the Hospital this past week, a little ticker issue but I will be alright.
As you all know PayPal has been at it again, limiting folks accounts with no reason other than they had some suspicious account activity, or violated the terms of service agreement!!
For me this was with out a doubt a sign that although I have sites ready to launch, they are dependent on PayPal, or solid trust pay, so I would be best not too. I also think it's bad business to do so with the current climate.
Solid Trust Pay, for me is not an option I want to use because of my location. I can only deposit money into solid trust pay, I can't withdraw it to my brick and mortar bank.
Then I have my accounts at coinpayments and coinbase....but there still seems to be a resistance to crypto currency payments with-in the community being hit the hardest by the corrupt Giant PayPal!!
linkopens in new windowSimon GreenHalgh really breaks it down perfectly in a video that I came across on my time line on FaceBook.
We here in this industry have become dependent on instant gratification,thus making us dependent on a payment processor like the one screwing everyone over.
There are processors that will allow for purchases and referral commissions to be paid out much like business as usual.....but not everyone wants crypto currencies in their portfolio's.
2 of the sites I have ready to launch are from the LFMVM and LFMTE brand of scripts. This is part of my frustration....even they got hit this past 2 weeks and yet they are still selling their scripts with options for payment processors that are limiting payments! That means that:
Needless to say I have made the decision not to launch any of my sites until I can at least have coinpayments, maybe stripe but I have heard that stripe is starting to do the same as PayPal. I am also going to follow the footsteps of Maryanne Myers and set up Coinbase.
A lot of folks seem to have the misconception that you can't use crypto currency in the real world, but that's just not true. Sure you may have to move it into a coinbase account then sell it off to get USD then send it to your bank, but at the end of the day you can still use it in the real world!!Ohio is now accepting Bitcoin for taxes for pete's sake!!! Dish Network let's you pay your bill with bitcoin!! And the list goes on....
I am frustrated with the way PayPal is doing this community but I am even more frustrated and annoyed with how such a group of brilliant entrepreneurs refuse to see how accepting of our business that the crypto community is which will allow for instant gratification to continue.
I can't speak for any one but my self...but I really do not want a dozen financial processors to deal with...JS
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