Quote:
Originally Posted by CandidHotties
crying like bitches
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huh?
I don't see anyone in this thread crying or bitching. the op is out a significant sum and posted about it. I feel that is in and of itself is a service to those who don't realize how tremulous the ground is upon which 3rd party payment systems are founded
how have I been robbed...let me count the ways
1) Epass
no funds lost, was paid back as a payee in full as I never kept funds in that virtual wallet thing. if it's not in my bank account it does not count. still was super-fun waiting months to get my cash. if I lived paycheck to paycheck due to life circumstance it would have been difficult
2) Zombaio
'only' $155 of reserves after I stopped using them for my own processing after they stopped paying most people. such a dick move, their job is to pay people and they don't.
3) Chexx/Pacnet
Was out 27k when they abruptly crashed on a Friday afternoon two days before payouts to my contractors were due, then had another 9k in my biz bank account frozen for a grand total of 36k in the hole of money meant to pay my people.
Had to dip significantly into my own personal savings to honor my commitments to my contractors and keep my biz afloat. Plus an emergency trip to the US to open a new bank account after mine got closed cuz I sent payments to Chexx
Chexx (or more specifically their people) were actually wonderful, I very much enjoyed working with them. it was their parent company who fucked over me, stellar Chexx employees and countless others. Chexx actually paid me back almost all of what I was owed, so 'only' lost 1k there and I don't blame Chexx peeps for that. Simon, Luke, Lorelai and Raymond went out of their way for me at every step.
Sucks that when their company fell due to Pacnet they lost their jobs, they deserved much better than that.
4) Payoneer/First Choice
Never held a personal dime in Payoneer/FCP, the money I'm still trying to get back was a Chexx-type situation: funds loaded to pay others
a little over 6k, not much compared to other people I know who are owed funds as payees
(ran a group for peeps navigating the claims process and of the ten of us the total owed was well over 200k)
So moral of the story? Yes, third party payment systems rise and fall with the tides
In terms of judging the behavior of others, two things to keep in mind:
1) Many people receiving funds as payees haven't been around for years. They don't realize the history of these companies as Epass was before their time, they never used Zombaio or Chexx and for MANY the FCP crash was a first.
I am very clear with the contractors with whom I work who use 3rd party payment systems on my sites or any others to receive payments: get your money out as quickly as possible and select bank account deposit options wherever one can. to many this is new information as they don't realize how little protection they have if things go bottom up with a 3rd party system
Is that stupidity or simply lack of experience? and why are not more sites and services who pay people not sharing info on how to receive payments as safely as possible?
2) if you run a business where you process your own payments and/or are responsible for paying others, it's pretty much impossible with most of these companies to keep a zero balance, if your biz is active 24/7 rain or shine
That's why as a payer I love Paxum, and it is the only 3rd party payment system I will use. I pay my people and then I pay Paxum, I never hold a dime of my own money in my account meant to pay others.
Yes I have spent hours if not days at this point helping contractors who can't access their Paxum funds as payees get their money out to pay for stupid shit like food and rent/mortgage and school fees for their kids, but the point is their system keeps my biz safe, and as long as it is I can help my contractors get what they are owed, even if through circuitous methods
And if Paxum were ever to go down there are close friends and colleagues I would have no other way to pay. I can't send a direct deposit to someone in Venezuela. Having been burned by every service I've ever used for myself or others, it's not like I can sign up to services that arose after the FCP crash and not expect more of the same. cough, epayments etc etc etc etc etc
I feel like a lot of people here don't realize that these services are needed, that many who use them don't realize how vulnerable they are, and that for some just collecting a payment and withdrawing it is not the biz plan. and that for some even as payees if they are successful they earn significant sums over days, not weeks or months.
how often should one withdraw if you're receiving thousands per day and have no other way to get paid by sponsors/sites/services that can't send d/d?
so please, if you could avoid mocking a dude out a shit ton of cash that would be awesome
@averam, I really hope you get paid back