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Congratulations, Michael, thank you for sharing your story! A cautionary note on using Paypal as your sole payment system. If this is a considerable source of
by avnigo 4y ago
Congratulations, Michael, thank you for sharing your story!
A cautionary note on using Paypal as your sole payment system. If this is a considerable source of your income, I would caution against only using Paypal or keeping a large amount of money in that account. There are too many Paypal horror stories out there to mention of people getting their accounts limited or shut down without recourse because their automated checks flagged accounts for suspected fraud or violating their ToS. Best of luck!
- michaelcao 4y agoThanks for reminding us. We are thinking about integrating Stripe also.
- xisthesqrtof9 4y agoHi Michael, if you need any help integrating stripe. Let me know, I’d be happy to help, my email is in my bio.
- michaelcao 4y agoThanks in advance.
- nickphx 4y agoThe same issue can happen with Stripe.. They approve accounts before doing underwriting, once you hit a threshold your account is reviewed for underwriting, funds will be withheld, usually a 'rolling reserve of % of last X days of transactions' sometimes it's more. :(
- michaelcao 4y agoThanks for your information. I don't integrate Stripe because it doesn't support Viet Nam.
- nickphx 4y agoI'm not sure of your situation and I'm not a lawyer, but you could research forming a US corporation as a foreign citizen. Stripe offers such a service called 'atlas'. While I've never used them for that, it may be a good source of information for you.
- michaelcao 4y agoThanks. I hear Stripe Atlas but i haven't tried it yet. I will take a look at this and hope that Stripe supports Viet Nam in the near future.
- wyclif 4y agoI am currently staying in the Philippines, and I am constantly trying (and mostly failing) at getting Filipinos interested in software engineering and programming, especially women. Women here just don't consider technology to be a valid career. The traditional professional career track for Filipinas is usually nursing, physical therapy, medical coding, or other medical careers based in hospitals. Personally, I would love to start a top notch offshore software dev company here, but the sad fact is that this country doesn't allow 100% ownership for foreign investors.
- michaelcao 4y agoWe need more nurses, doctors, and software developers. I admire nurses, doctors. They help all of us a lot during Covid-19. I could not post this port without helping from doctor when i suffered covid-19's complication.
- Thorentis 4y agoWhy is it important for more people to be software engineers compared to nurses? We need more nurses in the world, not more software engineers.
- hrbf 4y agoPrecisely. We need more human care, for ourselves and others, not more software.
- Zhenya 4y agoBut nursing doesn’t scale! /s
- wyclif 4y agoI didn't argue that more people should be software engineers than nurses. It's simply that engineering isn't considered to be the kind of career that women should pursue. Yet there are women here that are interested in it, but they get almost no support from this culture.
- cpursley 4y agoVA (virtual assistant) is a common path for women in the Philippines. They are family oriented and this type of role offers a lot of flexibility for mother's there. And some of their tasks can be fairly technical. I've worked with them before and had a positive experience.
- phpisthebest 4y ago>>keeping a large amount of money in that account Or any banking account linked to PayPal. They can and will claw it back... Money should be moved as far from paypal's reach as possible, everyone should view them as a hostile vendor.
- michaelcao 4y agoI like Paypal. I understand your thought so I always withdraw money monthly. Thanks again for your recommendation.
- salusinarduis 4y agoJust to share my experience: I had a game server that accepted donations through Paypal. We had nearly $4000 in the account when suddenly it was frozen for "suspicious activity". We never got the money back and Paypal support ghosted us.