It is not only flight simulator related. I think it is related to the money transfer. I was wondering if the amount of money were huge and they didn't believe, would they freeze my money?.
Absolutely.I was wondering if the amount of money were huge and they didn't believe, would they freeze my money?.
Really! you are kidding...Higher risk items can include flight simulator scenery and aircrafts.
All those fields are required to fully authorize credit card payment.
You pretty much answer your own question:I'm not sure what problems SimMarket had with them,
Apparently, security is not such a big deal for simMarket and the costs of running their own credit card processing is lower, i.e. less humiliating and arrogant, than PayPal's.For a while in my own online store I processed credit card payments online, which was handy, but I was always aware of the risk having to collect and transmit customer's info online. In the end I gave it up and shifted to Paypal, partly because of the cost (I'd pay for the cc facility each month, whether or not I was selling anything) but it was really good not to have to worry about having a customer's info being stolen. Now Paypal take that responsibility for me.
So security is a big deal for Paypal
Paypal have improved a lot lately, so I'm less worried that they will just 'lose' my money when I withdraw it for instance. This has happened a couple of times, both were fixed eventually, but it can be a scary wait. At one stage Paypal just didn't do any withdrawals here in NZ for a month, which meant I had almost no income, along with a lot of other local businesses. They sorted that out, and promised that it won't happen again -- they learnt their lesson, I think.
On the one hand, you have the media warning the general public that the basic exchange medium may be corrupt. In my country, it was a big deal when the Silver Certificate was withdrawn, our economy is guaranteed by the government and this is demonstrated in the rock solid value of the dollar. I am not testifying as to the validity of the perspective, but anyone reading this recognizes it. You are so faithful to your own local economy, you are able to blame Paypal for refusing to do business in an economy that openly warns of counterfeit.Today I saw a new item about an increase in counterfeit banknotes here in NZ. We all accept that you need to take care when handling your cash, but once you get onto the net, there are more threats, and you just don't know what lengths people will go to to get your hard-earned money.
Paypal is not a regulatory body, they have no power of enforcement and no bureau of investigation, they rely on the local agencies for these things as all businesses do and like you, they just want to do business. They offer to put up a substantial amount of money in local economies, so that when a transaction occurs in one of them, they are able to immediately "seal" that transaction, so to speak. They aren't into theft, investigation, helping businesses, whatever, they just want to make a buck (or yuan, or quatloo, or NZbuck, or whatever you call them) doing extremely short term loans and one can't fault them for that. ORBX is always free to find another software laundering service that is less humiliating and arrogant.But I do think that the problems which Orbx had really call for more action on Paypal's part. They should be working harder to help businesses prove their income, simply having a business 'suffer' a huge increase in sales should be investigated, yes, but it shouldn't just be the responsibility of the business to sort this out. If it takes a Paypal employee a full day on the phone to sort it out, then they are at least doing what they can. I am always worrying that suddenly my business will take off, and my funds will be frozen -- just kidding, that's more wishful thinking than a real worry
Correct as always, Tic. It's funny you mention marijuana, in terms of risk. Above, I extolled on the whole US rock solid economy, that can actually go sideways, too. Our country is very polarized. Progressive regions, including several western states, legalized the drug. The banks reside in more traditional areas and side with federal law, which lists the drug as illegal. The perspective is that the Feds can seize assets without further provocation, so the banks refuse to invest. Therefore, all transactions have to be conducted in federal reserve notes (cash), instead of publicly safer and more secure credit transactions, guaranteed by the Federal Deposit Insurance Corporation. Free enterprise at it's finest!Really! you are kidding...
I cannot imagine that flight simulator scnery and aircrafts are high risk items. I think from their point of view, marijuana might be lesser risk item!
Anyway, I stop using Paypal years ago.
I will say first that I still stick by my comment that I don't really know the issues SimMarket had, but they did say that Paypal were requiring a lot more information than they were happy to give. Rather than hope that they'd have a solution by the imposed deadline, they just quit using Paypal. (Most of what I know came from D'Andre at FL350 and via my SimMarket vendor's account messaging.)Those conclusions are true or false?
I'm not expecting anything. I strongly believe in free enterprise. Paypal is a money transfer agency, it is not a bank, nor does it presume to take on roles of a bank. Paypal was born from eBay, the worlds marketplace and business took off so soundly, a transfer service was a natural and quickly outgrew eBay's in house service to become Paypal. Allowing you to sell software from New Zealand to me in the US was simply a consequence of that market, it wasn't even a target, or a goal.Rick, I suspect that you were expecting me to be arguing for a particular 'side' in this discussion, but for the life of me I can't figure which... some people here are arguing that Paypal are too invasive, some say SimMarket is being too precious, it just isn't that simple to me, which is why I lean both ways... If Paypal wants to take on some of the roles of a bank, they need to up their act (which they acknowledged when they went public.). If SimMarket want to take advantage (or not, in this case) of Paypal's market penetration, security and simplicity, they need to make it easy for Paypal to assume and manage the risk.
One big 'problem' for the flightsim market is the growth, all of a sudden there is a lot more money involved, so neither SimMarket nor Paypal should expect things to continue without some give and take.
This is really the point here, the 'consumer market' will decide, but really I mean the 'flightsim community', which tends to react as a community. It's been pointed out that Orbx survived quitting Paypal, thrived in fact, but I'm not yet sure that SimMarket will be so lucky. I have noticed that I haven't had a single sale through SimMarket since their announcement. This may not mean much, as it's early days, but it is worrying."hello, simMarket, this is the consumer speaking,..."
Rick, PayPal has been offering business loan services for about a year now. I receive at least one solicitation from them every week. I am not interested since I am not a "business" per se. I receive my monthly salary via PayPal, but that's all. It would be useful if I were the owner of a business and had to purchase inventory, pay salaries, insurance, et cetera.Regardless, banks loan money, they do not regulate it's transfer, nor do they investigate crime; governments, like the US government and presumably the NZ equivalent provide that service. If you are able to quantify information that shows us Paypal intends to provide money lending, interest bearing, depositories and other services provided by banks, please do so.
Well, it is not "Paypal" credit, it is Synchrony Bank credit, FDIC insured, just like your Amazon stuff. You're probably paying all sorts of different rates and terms to the exact same bank. Seems more efficient to consolidate all transactions that occur with the same lender and we might as well add Synchrony to the very short list above.I simply have a credit account to which I can buy most anything from any source and charge it against my PayPal Credit account.
I told Simmarket to do bank transfer years ago. All I can remember, just the account number and swift code provided by the bank. That's all.So Simmarket has just suggested the use of Transferwise.com.
All that is needed is an IBAN or Swift Code+Account Number, however the website keeps asking me to fill out the account number field even after I have done so.
(My bank in Trinidad and Tobago does not use IBANs for some reason.)
Has anybody had success adding their bank account details to Transferwise?