5 ms·

Thank you for your answer; would you mind expanding a bit on Paypal?

• patio11 12y ago
  I like Paypal and have processed somewhere north of $100k through it. That said: 1) Paypal's fraud algorithms are tuned by having lots and lots of comparatively small transactions at comparative high frequency rather than few comparatively high transactions at comparatively low frequency. My account looks very unrisky because it accumulated $100k in $25 chunks over years. I think Paypal would quite possibly need to enquire if I got $25k in a $25k chunk once. Unfortunately, "First-time interaction between US-based Paypal account and foreign-based low-history Paypal account is a huge transfer" will quite possibly set alarm bells ringing in their fraud department, and you might find your money tied up for a while as you try to demonstrate that you're not a criminal enterprise. (Many HNers will accuse Paypal of trying to steal the money and, on this issue, many HNers are fools, but there is a very real risk of you having to deal with complications that you don't need.) 2) Your best customers can't pay with Paypal. I'm not exaggerating: they can't pay with Paypal. There is literally no button at their company which pays you with Paypal. They have an entire department of people who are capable of moving PDFed invoices into an accounting system and clicking a button which generates a check or an ACH payment, but there is no button to click which says "Transfer $25k to our Paypal account then send it to 'tbarbugli."
  • vacri 12y ago
    Your best customers can't pay with Paypal I've always been amused with the creativity that Finance can show if it's in their interests, and the lack of creativity when the issue is irrelevant to them. Having had a long background in support, I must admit that I'm jealous of that political power :)
• deleted 12y ago
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