I'm fine with this too. My money is already with Chance in the US.
Randy, I realise that you have a wheeze up your sleeve, and you said you would be looking after the non-USA participants. But if it's easier for Chance to keep the funds I've already PP'd, that's fine with me.
As of today have had no e-mail from PP and no funds have been credited to my PP account.
Dave.
Nah, everyone will get their money back and we'll start the payment process over... PayPal WON'T process the money, period... They've stated this over and over again... BUT they just won't refund it either!! Go figure!
I'll say this, and this is pure speculation, since there is no way that I nor anyone can prove it, but I'm also basing this on my years in this industry and what I've seen happen in the past:
We paid via PayPal. We used their system and their bandwidth by doing so. Now PayPal doesn't want to process the money. In this case, they'd have to refund ALL the money INCLUDING the processing fees... There is and still is some manual labor that must be performed by PayPal to refund the money... That being said, I'm sure that PayPal is holding on as long as they can, drawing interest on this money, in an effort to pad their pockets and pay them for us using their system and bandwidth, and to cover the labor of their employees having to manually issue refunds...since they know if they don't process the money they won't be getting anything...
I want to say something else just to give you an idea of what's going on inside these processor's heads:
The total dollar amount for this GB isn't exactly pocket change...almost $300K... Processors aren't eager to fund that kind of money to pay for something that hasn't even been manufactured yet...and when it does get manufactured will be in a different country, even more limiting their recourse should something happen... The processors are thinking: What if all of these people pay... and 3 months down the road, before the products ship, Chance runs off to Mexico...etc., then all of these people who have paid, charge all of this money back... WE (the processor) ARE LIABLE and will have to refund/eat this money, which, again, isn't chump change.
Yeah, we all know that the above senerio isn't gonna happen, but the processors don't know that, nor can you convince them of it with words...they want proof on paper with someone putting up large amount of collateral... which isn't gonna happen, and it's their money we're playing with... It's kind of like a poker game and when they see all of this, they just fold...
Right now I have a processor that has verbally agreed to do it and some paperwork has been passed back and forth and it's almost a done deal... Not tooting my own whistle, but the only reason that I've made it this far with any processor, is because I'm known in this industry...even with that, it's still hard to get someone to front you that kind of money on your word, with no collateral and the deck is stacked against them...
Right now the rates for CC processing that we've discussed so far, aren't as cheap as I was hoping for, but they are still cheaper than PayPal...
I'll give updates as all of this progresses throughout the day...
Thanks for everybody's patience through this, I'm sure that it's as stressfull on you as it is me.
Randy