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Thread: paypal's new TOS?

  1. #26
    Veteran Member xxtinamariexx's Avatar
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    Default Re: paypal's new TOS?

    Quote Originally Posted by TheBrownFox View Post
    Good question. If you do contact them to ask - and their answer happens to be no - I wonder if this would cause them to start keeping a closer eye on your PP earnings activity just to make sure you're not breaking their rules (since they now know that you've been considering using PP for adult stuff).

    Can always have a custy call

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    Featured Member Tsani's Avatar
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    Default Re: paypal's new TOS?

    Or someone can call and not tell them who they are? Not sure how paypal customer service works but there ought to be a line for just general questions.

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    Banned Melonie's Avatar
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    Default Re: paypal's new TOS?

    I feel like this is a major slap in the face. All these years of Paypal closing accounts, freezing accounts, keeping peoples money because the person may or may not have been selling LEGAL porn camshows, videos, pictures or an extension of porn(sex toys). Now years later they want to say its now ok for all the accounts holders that they closed to re-open accounts and conduct business that they were penalize for years ago. Just forget about us closing your account and taking your money that's water under the bridge.
    Let me try to state this again. Until very recently, the FDIC / DOJ categorized adult businesses, as well as online gun sellers, online gambling sites, and a host of other types of businesses, as representing a 'high risk' to banks and other financial institutions who work with such businesses. If banks and other financial institutions wanted to remain in the 'good graces' of the FDIC / DOJ, they had a strong incentive NOT to work with these businesses. This is the arguable reason that PayPal ... and many other online payment processors ... categorically rejected adult businesses. A few banks and online payment processors chose to continue to work with adult and other 'high risk' businesses as categorized by the FDIC / DOJ... but on a 'high risk' basis, accompanied by high percentages being charged for processing etc.

    A couple of months ago the FDIC / DOJ dropped their former policy of treating ALL adult businesses as 'high risk'. Instead, adult businesses can now be evaluated on an individual basis regarding the amount of 'risk' they actually present. This opened the door for PayPal ... as well as banks and other online payment processors ... to again work with adult businesses. However, if they want to keep their lower percentage processing fee structure, they can only work with those adult businesses which do NOT represent an actual 'high risk'


    Anyways I won't be jumping on the bandwagon until they clearly state that the selling of porn is ok.
    What answer could PayPal give you ? Selling porn is now OK ... PROVIDING that you do not represent a 'high risk'.

    How will they determine that you do not represent a 'high risk' ? You credit rating must be above a certain minimum threshold ( 700 ? 640 ? ). The rate of customer complaints and chargebacks resulting from your porn sales must not exceed a certain maximum threshold ( 1 in 200 transactions ? 1 in 100 transactions ? ).

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    God/dess sexysusie's Avatar
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    Default Re: paypal's new TOS?

    I really don't get how credit rating is relevant since all that does is show how well you have managed your money personally. Or are credit ratings in the U.S Different to over here? :-/ I don't recall being credit checked when I set up with cc bill or payoneer.

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  6. #30
    Featured Member Tsani's Avatar
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    Default Re: paypal's new TOS?

    I don't know how it's relevant either, but these days it seems credit checks are used for everything around here. Bleh. Stupid ex husband ruining my credit then leaving me to fix it.

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    Default Re: paypal's new TOS?

    Quote Originally Posted by Melonie View Post
    Let me try to state this again. Until very recently, the FDIC / DOJ categorized adult businesses, as well as online gun sellers, online gambling sites, and a host of other types of businesses, as representing a 'high risk' to banks and other financial institutions who work with such businesses. If banks and other financial institutions wanted to remain in the 'good graces' of the FDIC / DOJ, they had a strong incentive NOT to work with these businesses. This is the arguable reason that PayPal ... and many other online payment processors ... categorically rejected adult businesses. A few banks and online payment processors chose to continue to work with adult and other 'high risk' businesses as categorized by the FDIC / DOJ... but on a 'high risk' basis, accompanied by high percentages being charged for processing etc.

    A couple of months ago the FDIC / DOJ dropped their former policy of treating ALL adult businesses as 'high risk'. Instead, adult businesses can now be evaluated on an individual basis regarding the amount of 'risk' they actually present. This opened the door for PayPal ... as well as banks and other online payment processors ... to again work with adult businesses. However, if they want to keep their lower percentage processing fee structure, they can only work with those adult businesses which do NOT represent an actual 'high risk'





    That's fascinating stuff, Melonie. I'd love to see a news article or wherever you are sourcing your information from? It almost sounds too good to be true. I'd like to print this out and frame it.


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    Banned Melonie's Avatar
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    Default Re: paypal's new TOS?

    I'd love to see a news article or wherever you are sourcing your information from? It almost sounds too good to be true.
    The official announcement from the FDIC is as follows ... from

    (snip)The FDIC is clarifying its supervisory approach to institutions establishing account relationships with third-party payment processors (TPPPs). As part of its regular safety and soundness examination activities, the FDIC reviews and assesses the extent to which institutions having account relationships with TPPPs follow the outstanding guidance. FDIC guidance and an informational article contained lists of examples of merchant categories that had been associated by the payments industry with higher-risk activity when the guidance and article were released. The lists of examples of merchant categories have led to misunderstandings regarding the FDIC's supervisory approach to TPPPs, creating the misperception that the listed examples of merchant categories were prohibited or discouraged. In fact, it is FDIC's policy that insured institutions that properly manage customer relationships are neither prohibited nor discouraged from providing services to any customer operating in compliance with applicable law. Accordingly, the FDIC is clarifying its guidance to reinforce this approach, and as part of this clarification, the FDIC is removing the lists of examples of merchant categories from its official guidance and informational article.

    Statement of Applicability to Institutions Under $1 Billion in Total Assets: This Financial Institution Letter applies to all FDIC-supervised institutions, including community banks, although its application is commensurate with size and risk.

    Highlights:

    The focus of the FDIC's supervisory approach to institutions establishing account relationships with TPPPs is to ensure institutions have adequate procedures for conducting due diligence, underwriting, and ongoing monitoring of these relationships. When an institution is following the outstanding guidance, it will not be criticized for establishing and maintaining relationships with TPPPs.

    The FDIC encourages insured depository institutions to serve their communities and recognizes the importance of services they provide. It is the FDIC's policy that insured institutions that properly manage customer relationships are neither prohibited nor discouraged from providing services to any customer operating in compliance with applicable law.

    The FDIC is reissuing guidance (FIL-127-2008, Guidance on Payment Processor Relationships; FIL-3-2012, Payment Processor Relationships, Revised Guidance; and FIL-43-2013, FDIC Supervisory Approach to Payment Processing Relationships With Merchant Customers That Engage in Higher-Risk Activities) and an informational article, "Managing Risks in Third-Party Payment Processor Relationships," Summer 2011, Supervisory Insights, to remove lists of examples of merchant categories.(snip)


    I really don't get how credit rating is relevant since all that does is show how well you have managed your money personally
    This goes back to the fact that, at the payment processor level, all online credit card charges are potentially subject to credit card holders lodging complaints and cancelling transactions. This leaves the payment processor with a decision to make.

    A. they can 'hold' all incoming customer credit card revenues for 30-60 days to insure that, in the event of a credit card holder disputing / cancelling a transaction, that customer's money will still be under the control of the payment processor thus immediately available for refunding to the credit card company. This is commonly referred to as a 'charge-back'. The obvious drawback is that the online businesses will not be very happy having to wait 30-60 days to actually receive their customers' money.

    B. they can jack up the percentage charged to the online businesses for each customer transaction processed, and set aside the money resulting from the extra percentage for 'charge-back' repayments. This is the 'route' that most adult webcam hosts have chosen. The obvious drawback is that every online business ( camgirl ) winds up paying a fixed percentage of their business revenues into the 'charge-back fund' ... even though that particular person's / business' actual rate of charge-backs may be far lower than the high fixed percentage.

    C. they can substitute 'credit' - i.e. paying out customer money as it is received, but therefore not having money on hand to repay the credit card company if / when a customer disputes / cancels their credit card transaction. Essentially, this amounts to the payment processor 'loaning' their own money to the online business for 30-60 days by making the payout before the customer's money can no longer be 'charged-back'. To avoid losses, the payment processor is depending on the online business to pay the payment processor back any credit card customer moneys they had already been paid out by the payment processor prior to the customer cancelling the credit card transaction ... but which must be immediately refunded by the payment processor to the credit card company ( using the credit card processor's own money ). This is where the need for a decent credit rating comes in.
    Last edited by Melonie; 06-05-2015 at 11:19 AM.

  9. #33
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    Default Re: paypal's new TOS?

    My PayPal account is a business one because I also am a freelance graphic designer and that's how I receive payments; it only shows my business name, I'm pretty sure.

    "Please Note: This User Agreement marked “Current User Agreement for PayPal Service” set out immediately below shall remain effective through June 30, 2015. A revised User Agreement marked “Revised User Agreement for PayPal Service” and found further below will go into effect on July 1, 2015 and supersede the Current User Agreement for PayPal Service."

    To me that means it's effective immediately through the month of June and then a new revised version will be effective in July

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  11. #34
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    Default Re: paypal's new TOS?

    Interesting reading. My husband relies on Paypal for his online business and shop and so as tempting as it is, I certainly won't be contacting them or using them. I've been trying to find a payment processor for my website, and have been reading about various places. I wondered if any of you had any thoughts on Paxum? I've read mixed reviews, some sites say they're rip-off con artists even. I've been using my model centro site to process payments but I only get 67.5% which is most annoying. xxx
    Melanthe Divine, Erotic Witch, FemDom Goddess & 5 Star CamGirl. Click To Check Me OutFollow Me: @MelantheDivine Click To Watch My YouTube Vids

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    Default Re: paypal's new TOS?

    I know a girl who escorts advertising on backpage. She used her PayPal card to post some ads about 5 months ago. PayPal has shut down her account banned her for life.They are sending her a check for the remaining funds she had in that account and also sent her emails of the ads she posted. Don't do it ladies. They are taking notice.

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  14. #36
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    Default Re: paypal's new TOS?

    Eh. It's interesting but I certainly won't be trying this out any time soon. The fact that it would be pretty easy for a custy to file a dispute and take their money back (unless they sent the funds as a gift- which DOES go against the TOS I believe) is enough to deter me.

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