Comment · Thu, January 29, 2015
Is anyone interested in buying my whole inventory? Probably closing soon
Original post in this thread
[deleted] · 12 points
I've lost my credit card processing abilities for about the 5th time in 3 years and I may not regain it. It's looking rather bleak...
Anyways, in inventory I have:
200g of Amino Tadalafil, both bagged and raw. Ran out of bags.
2kg of Adrafinil, both bagged and raw. Bagging issue.
500g of Phenylpiracetam, all bagged
500g of Tianeptine, some bagged some not
Over 75 reagent kits, Marquis; Mandelin; Frohede; Analogue
Various bagged smaller amounts of:
DMAA (400-500g)
Noopept (Probably near or over 500g-1kg)
Centrophenoxine (100-200g)
Less than 500g of Oxiracetam
Very little Sunifiram (maybe 25g)
I estimate the retail value of all of that to be at around $12,000-15,000 and my cost was probably in the neighborhood of $3000-4000.
Can part out some lots if needed, I can take private PayPal invoices (NOT GIFT!) for some of the large purchases (adult signature required) or Bitcoin for a discount.
But yeah, I just can't seem to find a merchant who will work with me. Been through 3 or 4 high risk merchants in the past week who just don't jive with my business model.
Would love to sell some of this stuff at a DEEP discount versus burning it in a fire before I move…
What they were answering
ARNootropics · 6 points
Pretty much. It seemed to be relaxed in 2013 when I got the merchant account. Two processors didn't want me to sell Etizolam so I went to a third and they let me. I closed my account with them after Etizolam went away and went back to PayPal as fees were about 3% lower (yeah, I was paying close to 6%...) PayPal closed me for DMAA even though other sellers take PP for DMAA.
Further, I've applied with my original Etizolam-selling merchant -- denied. Applied to 3 other "high risk" merchants -- denied. It's not credit history, chargebacks, fraud. It's simply "You don't bring in enough money for us to take the risk with you."
I've got so many domestic competitors like NSN, Peak, Lift, NewMind -- it's not even funny. I dunno how they're continuing to process cards except by holding on to their legacy merchant accounts.
Further, to be even more honest, I'm tired. I'm tired of working in this industry. It wears on you after a while. Customers especially, and I mean that nice. You've got a few types of customers and one type wore me down especially. The conspiracy-theorist, need-immediate-ship, hand-holding baby type customers. 98% weren't like that but 2% of bad customers can create the workload of 20% of normal customers. I mean that as respectfully as I can, some people are just impossible to please once you have their money even if you're moving at faster than l…
u/MisterYouAreSoDumb
Paypal has frozen $11,000 of ours over two accounts at the moment. They froze $50,000 of ours a couple months back, but I schmoozed my way around that. Not this time, though. I think they have permanently banned me from the Paypal service. No big deal. I hate Paypal. We also have $12,000 that has been lost in Bank of China since the 5th. Bank of China will not respond to my bank's inquiries, so we are having to instigate a FED reversal of funds. We also have 1 ton of goods on a ship coming from China, but our supplier did not arrange customs clearance, or someone to pickup the goods and get them to our offices in Arizona. So there is a freighter on the way to the US right now with 2,200lbs of our shit, but nobody to get them at port. And if we do not get our ISF filing done in time, US Customs will fine us $5,000. That's just what has happened this month, and that is not even half of the shit I am dealing with at the moment. Tired and beat down do not even begin to describe it. I feel you. Haha
The customer service issue is a whole other ballgame. If you price yourself low, you get the kind of customers that tend to gravitate toward that. They are usually the ones making the most fuss too. So you get lower margins, more headaches, and more potential for chargebacks/disputes. It's a lose/lose at that point. Then you pile on USPS mixups, or the occasionally screw up by one of your employees, and it can feel like a shitstorm every day.
Sorry to hear things aren't working out for you. Best of luck!