Comment · Thu, March 30, 2017 · Ceretropic & Nootropics Depot
Nootropicsdepot payment methods, why not paypal?
Original post in this thread
Disturbed83 · 0 points
Ok so I'm planning on using nootropicsdepot in the future for most of my products instead of iHerb, however there is one problem, currently the only method to pay is bitcoin? and creditcard system seems to be back online 1st of april.
Now, I use a prepaid creditcard (for savety issues with buying things on the internet), however to charge money on it (minimum of 100€) there is a 5€ administration fee, plus paying with creditcard costs some money aswell.
How come there is still no paypal method, paypal is so damn nice, smooth and easy.
I truely hope they will incorporating it soon, what are your thoughts on this issue regarding buying with them, has it held you back from purchasing with them aswell like it does with me?
Also if possible, I believe one of the moderators of this sub reddit is part of the nootropicsdepot team, if possible can I get a reply from you?
What they were answering
Disturbed83 · 2 points
Honestly I have seen many websites that are more 'dark labeled' than Nootropicsdepot and they have paypal.
As for paypal being bad for sellers but more buyer friendly, that would keep potential customers (myself included) from purchasing aswell though, works both ways.
The addition of paypal payment method to their arsenal would draw in more customers imo, anyhow It is up to nootropicsdepot obviously, just thought I'd like to share my view on it.
u/MisterYouAreSoDumb · Ceretropic & Nootropics Depot
Trust me, I would accept any and all payment methods that would allow us. The fact of the matter is that 99% won't. I've tried every payment processor in the world you can think of, and countless ones you have never even heard of. I've worked with banks in Malta, the Seychelles, China, the UK, etc. I've been scammed out of tens of thousands of dollars trying to get reliable processing. It's been almost two years of trying. The banking industry in the United States is being crushed under a pile of shitty financial regulations put in place since 2008. The fact that we have processing at all right now is due to a LOT of work my team has done over the past year.
Paypal is a horribly shitty company, but I would work with them in a second if they would allow us. They won't, and they have made that abundantly clear to me. They've not only closed all our company accounts, but they have closed my personal account, the personal account of my operations manager, and banned us from making new ones. The "dark labeled" people you see on Paypal are only able to do it due to low volume. Once you process over a certain volume, underwriting comes into play. Then there are tiers that you hit, which cause escalating levels of underwriting to happen. We are so far over those processing tiers, though. It's a totally different beast for us.