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Aprilviolet
Member
Joined: 5 Nov 2009
Posts: 5
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# Posted: 5 Nov 2009 01:02
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I'm only a new member; although I have read as a 'guest' several times before. I have previously seen some discussions about paying for MLM's with Paypal & how 'valid' or otherwise some businesses are because they don't use Paypal as a payment method; in fact the rules of PayPal forbid it for being used for anything IT interrupts as being MLMarketing (even including some businesses who don't put themselves in that league). Hence Paypal is not an options for lots of "opportunities".
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mountainmom5
Joined: 30 Aug 2007
Posts: 2058
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# Posted: 6 Nov 2009 08:48
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Nope Paypal will not work with most mlm or network marketing companies....
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GlennELee
Member
Joined: 27 Jun 2009
Posts: 47
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# Posted: 14 Nov 2009 14:18
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It's a sad fact and I've seen lots of people actually claim some companies to be a scam because they don't accept Paypal. It's just the sad matter of the truth that Paypal is just a horrific payment processor.
I've made a sale on ebay for $25K (an antique necklace worth $76K at auction) and Paypal froze my account for 6 months because of this transfer. So now i have money in Paypal I'll not be able to use for another 2 months because of them freezing the account.
Honestly out of anything possible to say, I think Paypal itself is a scam. I think I'd trust borrowing money from a Mafia family before doing anything with Paypal ever again.
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mountainmom5
Joined: 30 Aug 2007
Posts: 2058
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# Posted: 14 Nov 2009 15:16
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We need those restrictions on Paypal because of all the scammers out there. What if it was YOUR money going to a scammer, and he withdrew from Paypal before you found out it was a scam?
Although I can sympathize with you - it is simply protection for all of us.
I have made tons of transactions with paypal without any problems although none of them were over 10K - so I am a little prejudiced perhaps.
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GlennELee
Member
Joined: 27 Jun 2009
Posts: 47
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# Posted: 16 Nov 2009 18:48
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That's true, I can understand that side. I asked a manager from Paypal if I could just have the guy call and speak with a manager in question and 3 way us to see if the guy got the item in question. They said, "No, we also use the money while it's frozen as an investment" so they're technically making money off my money. At least the manager was honest so I have to applaud her for it.
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BobFirestone
Member
Joined: 1 Jul 2009
Posts: 133
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# Posted: 17 Nov 2009 14:06
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Even it it wasn't against the PayPal rules. I don't know why anyone running a MLM company would want to offer it as a payment option.
Any half decent MLM by the time it leaves the startup phase will be doing millions of dollars a month in transaction volume, and doing it in small increments ($50-$100). In this scenario paypal's fees are really high.
For the occasional credit card I personally accept for payment paypal really is great, it's easy, I don't need to know their card number and the fees are very reasonable.
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