Group Buy Interest?

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WOW!!

That's great news for a lot of guys I'm sure.
Does that mean we get an extension on payment deadline? If so I'll be able to up my order :p

Yes, we will be very accomodating to make sure that everyone who wants to pay, gets to pay...

Isn't it funny how things always work out ( I'm not a religious guy, but I believe I live a charmed/blessed life ). Yesterday morning I was checking out guitar straps on ebay, about 2 hours later I went to a local shopping centre to grab a couple of things and on my way out laying on the ground in front of me was a guitar strap - funny thing is this mall doesn't even have a music shop in it! :eek:
It's all because you've been chatting with me! :D It's rubbin' off on you!


Randy
Zetajazz44
Click HERE to Register for the Musician's Workshop Group Buy
Click HERE to See Another One of My Hobbies
TnCLogo_WhiteMatte_BlueHalo.gif
 
....and who's to say you're wrong?
BTW, did you get that last email I sent ya?


Yes, I did... I just not had the time to respond with the GB starting payments...etc... and just tonight I thought I'd have some "free time"...and with the latest PayPal issue, it's all started again! But yes, I got your email and will repond to it shortly...

Thanks!

Randy
 
Yes, I did... I just not had the time to respond with the GB starting payments...etc... and just tonight I thought I'd have some "free time"...and with the latest PayPal issue, it's all started again! But yes, I got your email and will repond to it shortly...

Thanks!

Randy

No sweat Randy, I realise you're busy so I'm happy to wait until the whole GB thing has hit smooth waters and the REAL wait has started.
 
I was on the phone with Chance and he was on the phone with PayPal... They won't even discuss processing this with him...

not to ask pointless questions here, but did they give any explanation?
i mean, why would they turn this down? seems kind of stupid...
 
not to ask pointless questions here, but did they give any explanation?
i mean, why would they turn this down? seems kind of stupid...

Considering the Ebay/Paypal connection, it's possible that it's a forerunner to the "Paypal only" announcement by Ebay Aust., being introduced elsewhere. Even though they've publicly stated that the changes are only "local", they're quite at liberty to change their minds and FFS why would they only introduce this in Australia unless it's a trial run for worldwide change.

A comment "quoted" from elsewhere on the www ................:

"It's time to wake up.

Ebay DOES NOT care if you threaten to leave................................. They WANT you to leave! How long is it going to take for this fact to sink in ?

They have made their plans for the future known to the public in very clear language. They INTEND changing the face of Ebay so that it will no longer exist in the form we have always known it. They INTEND turning Ebay into an online Westfields (shopping complex), full of up-market stores selling only new items at discounted retail prices. They INTEND removing ALL the small one man band/family operations selling cheap second hand goods and unwanted Christmas gifts. This IS their INTENTION !

To do this they need you to go. All the stupid changes over the past year or two have been very strategically designed to ensure that the small seller is slowly but very surely driven out as they continue to develop their plan. The changes were not stupid at all, they have and will continue to achieve the desired outcome. Which is the removal of ALL unwanted baggage without the hassle and possible legal repercussions of simply throwing members out."



Whether there's any real truth in that I don't know but considering their recent form nothing would surprise me.

:cool:
 
OK, back to mics...............:)

Will someone please correct me if I'm wrong here. Phantom powered ribbon mics put out a stronger "signal" therefore they don't need preamps with higher than normal (~60dB) gain.......true or false.

:cool:
 
"It's time to wake up.
Ebay DOES NOT care if you threaten to leave................................. They WANT you to leave!


hmmm, interesting. guess we'll see what happens...

OK, back to mics

indeed.
so, it's probably kind of late in the game for this kind of question, but can someone give me a hint as to what the 6802 is cloned from?
i can't for the life of me figure it out.....
 
not to ask pointless questions here, but did they give any explanation?
i mean, why would they turn this down? seems kind of stupid...

Ok, I'll try to explain this best that I can:

PayPal never gave Chance an "exact" reason, or at least that heard... I just heard her say that they [PayPal] was choosing not to do it... Chance asked what he could do to verify that all of this was legit, verify his identify...etc., and finally, I heard her say that there was nothing that he could do or say that would suffice...we just don't want to process these transactions...

With that said, I'll try to hash this out for you so you can better understand it:

When a bank transaction takes place, someone actually "gets a loan"... Sometimes it's only for a short amount of time; few hours to a few days, but it is still a loan...

I'll use the scenario below to demonstrate what I'm talking about:
For instance when you send money to Chance via PayPal, the money goes directly into his PayPal account, at which time he can do whatever with it...transfer to his offline bank account, spend on the internet IMMEDIATELY. PayPal DOES NOT receive the money from your account for a time span of 1-4 days... So essentially, they are "loaning" Chance the money, until they receive 'real funds' from your funding source. During this time span of 1-4 days, Chance could transfer the money to another bank/holder and withdraw cash for the entire amount...MEANWHILE, you have withdrawn all the money from your funding source and skipped town. When PayPal attempts to collect these funds from your funding source they get what's called an "ACH Reject", an electronic NSF. They go back into Chance's PayPal account to freeze his account and funds only to find out that he's transferred them, and cashed out... PayPal is left "holding the bag" for these funds...and since they are the "RISK Acquirer", they are responsible for these funds...essentially they have to eat the entire amount. This is one of the most common fraud models in the bankcard industry; a group of people electronically paying one person a large sum of sum of money, and during this 1-4 day funding period the recipient cashes out, and the "payees" close their accounts, then they all meet up on a south sea island and split what they've looted...and usually live happily ever after...

When a company like PayPal wants to process transactions, they can assume the RISK and be the "RISK Acquirer" or they can pass the RISK onto their upstream provider...if this upstream provider passes, it gets moved up again...and can eventually end up that the processor, such as Mastercard/Visa end up being the "RISK Acquirer". The reason for a company such as PayPal to assume the RISK is that if you do, your upstream provider pays you a greater commission of the transaction fees... If you choose to be a RISK Acquirer, you have a group of Underwriters and a RISK department that analyzes each account to determine if the transaction commission revenue that they're gonna be making off the transactions out-weigh the amount of risk they are taking... If they aren't willing to assume the RISK, they can refuse to process the transaction(s).

***RISK is an industry term and DOES NOT refer to whether or not the person or company that you are paying is of great risk (a crook or scoundrel)... The merchant that you are paying may be the most honest person in the whole world, but if the processors just don't want to accept the transactions, they can refuse.

It's kind of like the stock market... If you KNOW that you can buy a certain stock low and sell high, that's ideal... Since you KNOW the outcome, there is very little risk involved. If PayPal thinks that they can process certain large transactions, with very low probability of them loosing money, either due to the fraud model I've described above or to CHARGEBACKS, this is the type of business they want...and will always accept. CHARGEBACKS is another avenue of bankcard fraud. When you pay via bankcard, you have, usually, 60 days, in which you can request a "refund"... If you're using Mastercard or Visa, they guarantee this... You can easily see how this could be used fraudulent...same scenario as the model above, but this time, the co-conspirators, waiting up to 60 days before they request a refund... In the model as well, they get their money back (guaranteed by Visa/MC) and the recipient of the money has already skipped the country...with all the loot...

Ok.. enough of that stuff! :D

I was leery of PayPal's agreement/consent to process these GB items all along...but, it had been done before without hitch, so why not again...that's why I didn't from the beginning plan on using a different gateway... I knew that Chance was familiar with PayPal and they way it operated since he'd used it for the previous GB's, and most of the GB participants were familiar with PayPal and had a certain level of a "feeling of security" using PayPal, so I never pushed the issue to use a different gateway...

Although it was not said on the phone with PayPal, I know from being around this industry for so long, that there were 2 things that pertained to this GB that they didn't like:
  1. The large dollar amounts spread over approx. 400 transactions.
  2. The fact that payment was being made NOW, but items wouldn't be shipped/received by the purchaser (us) for about 4 months.

These are 2 main items that will throw alarms in every processors system... ALTHOUGH, WE'RE DOING NOTHING FRAUDULENT, PAYPAL DOESN'T WANT TO TAKE THAT CHANCE, given the amount of money that will be processed through the duration of this GB.

In order to get ANY processor to process the type of transactions that we're doing with this GB you have to have 1 of the following 2 things happen:
  1. Pay HIGH processing fees to out-weigh what the processor determines their probability of loss is.
  2. Know someone high up on the foodchain in the processing industry, that can walk into the RISK department of the processor and say, "I know these guys, they are Ok, leave em' alone and let them process..."

I'm hoping to use the latter, tomorrow, to try to get a processor to process our transactions...and at a low cost... Wish US luck! :)


Ah, I've rambled on enough... Hope I explained it well enough... If anyone has read this far, I'll bet they're either bored or crazy! :D


Randy
Zetajazz44
Click HERE to Register for the Musician's Workshop Group Buy
Click HERE to See Another One of My Hobbies
TnCLogo_WhiteMatte_BlueHalo.gif
 
Why can't the bank instead wait for the funds to clear then allow access to the funds?
Seems like Zero risk that way.

Randy is a super cool dude for doing all of this. I am in awe. :eek:
 
Hey guys
I've been up now for 24 hours. Yesterday I got the news that I owe the IRS $1K and I get back and get this news from Paypal. I think someone MIGHT have given them false information to stop us. I now feel like I found a way where everyone can get gasoline for $1.00 a gallon and the big oil companies are stepping on us like stompping out a cigarrette butt. I feel like I am being wrongly accused of something and I don't know what. My ingegrity has been tarnished when my motives are pure. I have to confess I am ANGRY. My first gut feeling is revenge, but that is out of the question. My only payback to them is to never use their service again. NOW I understand why many of you bailed out because I was using Pay Pal. Their fees seem way too high and I am not alone in this thinking. The manufacturer has everything in place and is waiting on us. We are blessed to have Randy who has the know how in these matters. This whole thing is going to make us stronger and better with a lot of new affordable quality gear in the future. I'm on a mission now and I WON't let you all down.

edit
I forgot to mention that I ordered Pay Pal to immeadiately refund everyone their money back INCLUDING FEES!
 
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Randy, is it really fair to criticize Paypal and link paypalsucks when you admit that on the surface, this would appear to them as an extremely risky transaction, and from a business standpoint they made the right decision? tarnation, it's not just the immediate risk, but also the risk of chargebacks which goes on for months. I have processed six figure sums through Paypal without a hitch, but then I didn't do all that in one week, with nothing for months afterward . . .

Also, if you qualify for Paypal's merchant rates, they are comparable with anything I've seen. I pay 2.2% - 2.5%. And whenever I go shopping for another provider, not only are their rates the same or worse, but then I'd need a shopping cart provider, a programmer to manage the interface, and I'd still need a fulfillment solution. Not everybody has programmers willing to work for free. Paypal is a lifeblood for many small merchants who have nothing to do with eBay (where the fees truly are ridiculous).

Finally, if you had used their shopping cart, you would be able to receive payments directly from a credit card rather than a Paypal account. Of course that's water under the bridge now . . .
 
.........is it really fair to criticize Paypal and link paypalsucks..............

Why not, the fact is, that for a great many people Paypal does suck and yes, a great many people use it's services without any problems so show me where to find the paypaldoesntsuck website ;)

:cool:
 
I´m willing to think everything goes well afterall,
only bit worried of my money burried at p..pals,
sure I´ll get them back but when, did I kind of miss this GB?

Yours

Matti
 
"I think someone MIGHT " this came to my mind also when reading
these news

Matti
 
Why not, the fact is, that for a great many people Paypal does suck and yes, a great many people use it's services without any problems so show me where to find the paypaldoesntsuck website ;)

:cool:

Last I checked, paypalsucks isn't a service. Why don't you show me the (affordable) alternative? If they are so bad, why hasn't Google taken away all their business (Google doesn't provide merchant accounts, last time I looked anyway)?

Look, Randy pretty much admitted if he didn't have inside connections, no other provider would take this except at high fees. When people parrot that Paypal sucks, then it comes back to me when people complain about their Paypal when they don't even have to have a Paypal account to buy from me.

So let's be honest in our criticism? Is that too much to ask?
 
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