Topic: Off-Topic - page 193. (Read 384417 times)

Quote from: MinermanNC on June 28, 2013, 10:07:23 AM

Quote from: rethaw on June 28, 2013, 11:50:31 AM

Requested a refund June 27 1:00 AM pacific, got an auto-reply. No human response yet.

How did you pay? if you don't mind...BTC Paypal etc

Meant to mention that, I made an order for 1xK64 and 3xK16 via paypal.

Got my refund shortly after posting this. Best of luck Terrahash!

Still waiting on a BTC refund here. I've been contacted for an address to send the refund, which is promising.

EDIT: Actually, the refund arrived before I posted this message I just hadn't seen it yet. Cheers.

angelus359

newbie

Activity: 43

Merit: 0

Who here is letting terrahash host for you?

It's 16 cents per killowatt here, so I thought it was worth it for my single board.

Anyone know the details of their mining pool? Any fees besides flat monthly?

Will people who let terrahash host for them get their coins a few days earlier due to a lack of shipping?

MinermanNC

legendary

Activity: 2198

Merit: 1000

Quote from: MinermanNC on June 28, 2013, 10:07:23 AM

Requested a refund June 27 1:00 AM pacific, got an auto-reply. No human response yet.

How did you pay? if you don't mind...BTC Paypal etc

Meant to mention that, I made an order for 1xK64 and 3xK16 via paypal.

Got my refund shortly after posting this. Best of luck Terrahash!

Thx for the update! we know that system is working good...

rethaw

sr. member

Activity: 378

Merit: 255

Quote from: MinermanNC on June 28, 2013, 10:07:23 AM

Quote from: frankenmint on June 28, 2013, 11:33:18 AM

Requested a refund June 27 1:00 AM pacific, got an auto-reply. No human response yet.

How did you pay? if you don't mind...BTC Paypal etc

Meant to mention that, I made an order for 1xK64 and 3xK16 via paypal.

Got my refund shortly after posting this. Best of luck Terrahash!

Bitcoinorama

hero member

Activity: 532

Merit: 500

Quote from: MinermanNC on June 28, 2013, 11:11:33 AM

Quote from: Bitcoinorama on June 28, 2013, 11:31:16 AM

Where do you guys setup your CC processors?

If you have all of the correct paperwork (And why wouldn't you) it only takes about 24 hours to get accepted, it takes longer to get your cart software working than it does setting up a merchant account.

Hell, if they got the paypal issue resolved they could literally apply for a PayPal Payments Pro account and accept credit cards directly through their website from them and this only takes like 5 minutes to fill out the form online and maybe 24 hours to get approved.

This is the easy stuff you go through when starting a business >.>

Not sure how it is nowa days, but last time I set up CC it was pretty thorough line of questioning. How long in business, what kind of business, products to be sold, anticpated avg transaction amounts (with range limits) and so on, then on top of that a new internet security questionaire that had to be filled out and completed on line to comply with new federal internet security measures....so who knows what they may be up against in that effort.

I've setup credit card processing on three different occasions with my current employer - that is correct, they ask for a lot of information and like reports of sales activity and estimations of sales expectations.
But in just the last 3 years, this has now changed substantially, PP can be your credit card processor, foursquare could do it with a physical machine. The barriers to entry are not the same anymore. However, if you are looking to have a traditional payment gateway for ecommerce, that is still the same and will take time to process and setup.

Of which herein lies the problem, Paypal don't want to handle worldwide ASiC pre-orders by the look of things. KnC had to bend over backwards to get Paypal on board. The effort was worth the value of the brand association as a payment processor. Same with Bitpay.

BFL have promised for over a year now to ship orders, paid with Paypal and have been sh*t at customer service and support. A lot of BFL customers and pre-order customers in general on this forum are idiots that don't research. They are also impatient idiots who have turned to cry to Paypal when they don't get the response from BFL they want. On top of which eBay, who own Paypal have had to deal with numerous scams involving BFL and Avalon pre-orders. This they hate even more! It's why KnC offer to deal with verifying resales, to ensure no fraudulent sales occur using Paypal that might sever their relationship.

This will be causing TH tonnes of aggro, so peeps really need to lay off TH whilst they sort this. If you want to get pissed off, direct it at BFL, and to some extent Avalon who have caused this mess!

MinermanNC

legendary

Activity: 2198

Merit: 1000

Quote from: MinermanNC on June 28, 2013, 11:11:33 AM

Quote from: MinermanNC on June 28, 2013, 11:11:33 AM

Where do you guys setup your CC processors?

If you have all of the correct paperwork (And why wouldn't you) it only takes about 24 hours to get accepted, it takes longer to get your cart software working than it does setting up a merchant account.

Hell, if they got the paypal issue resolved they could literally apply for a PayPal Payments Pro account and accept credit cards directly through their website from them and this only takes like 5 minutes to fill out the form online and maybe 24 hours to get approved.

This is the easy stuff you go through when starting a business >.>

Not sure how it is nowa days, but last time I set up CC it was pretty thorough line of questioning. How long in business, what kind of business, products to be sold, anticpated avg transaction amounts (with range limits) and so on, then on top of that a new internet security questionaire that had to be filled out and completed on line to comply with new federal internet security measures....so who knows what they may be up against in that effort.

Three weeks was the minimum for me with negotiating a processor and issuing bank. I had quotes from a couple. They all want to know what you are doing prior to pitching to you, which in terms of Bitcoin means explaining from ground up, which means in terms of pre-orders most issuing banks will say no thank-you, I imagine. This is not an easy situation to be in. Paypal hate Butterfly Labs.

Ya, its all about the risk of charge backs, and when they mention Bitcoin, or Bitcoin Mining Machines" Im sure they will get a frown and a HUH?? from the banks...lol, big difference then saying ya, im opening a seafood restaurant etc.. avg check around 25.00 bux etc...and have been in the business for 20 years..... heh"

frankenmint

legendary

Activity: 1456

Merit: 1018

HoneybadgerOfMoney.com Weed4bitcoin.com

Quote from: MinermanNC on June 28, 2013, 11:11:33 AM

Where do you guys setup your CC processors?

If you have all of the correct paperwork (And why wouldn't you) it only takes about 24 hours to get accepted, it takes longer to get your cart software working than it does setting up a merchant account.

Hell, if they got the paypal issue resolved they could literally apply for a PayPal Payments Pro account and accept credit cards directly through their website from them and this only takes like 5 minutes to fill out the form online and maybe 24 hours to get approved.

This is the easy stuff you go through when starting a business >.>

Not sure how it is nowa days, but last time I set up CC it was pretty thorough line of questioning. How long in business, what kind of business, products to be sold, anticpated avg transaction amounts (with range limits) and so on, then on top of that a new internet security questionaire that had to be filled out and completed on line to comply with new federal internet security measures....so who knows what they may be up against in that effort.

I've setup credit card processing on three different occasions with my current employer - that is correct, they ask for a lot of information and like reports of sales activity and estimations of sales expectations.
But in just the last 3 years, this has now changed substantially, PP can be your credit card processor, foursquare could do it with a physical machine. The barriers to entry are not the same anymore. However, if you are looking to have a traditional payment gateway for ecommerce, that is still the same and will take time to process and setup.

Bitcoinorama

hero member

Activity: 532

Merit: 500

Where do you guys setup your CC processors?

If you have all of the correct paperwork (And why wouldn't you) it only takes about 24 hours to get accepted, it takes longer to get your cart software working than it does setting up a merchant account.

Hell, if they got the paypal issue resolved they could literally apply for a PayPal Payments Pro account and accept credit cards directly through their website from them and this only takes like 5 minutes to fill out the form online and maybe 24 hours to get approved.

This is the easy stuff you go through when starting a business >.>

Not sure how it is nowa days, but last time I set up CC it was pretty thorough line of questioning. How long in business, what kind of business, products to be sold, anticpated avg transaction amounts (with range limits) and so on, then on top of that a new internet security questionaire that had to be filled out and completed on line to comply with new federal internet security measures....so who knows what they may be up against in that effort.

Three weeks was the minimum for me with negotiating a processor and issuing bank. I had quotes from a couple. They all want to know what you are doing prior to pitching to you, which in terms of Bitcoin means explaining from ground up, which means in terms of pre-orders most issuing banks will say no thank-you, I imagine. This is not an easy situation to be in. Paypal hate Butterfly Labs.

MinermanNC

legendary

Activity: 2198

Merit: 1000

Where do you guys setup your CC processors?

If you have all of the correct paperwork (And why wouldn't you) it only takes about 24 hours to get accepted, it takes longer to get your cart software working than it does setting up a merchant account.

Hell, if they got the paypal issue resolved they could literally apply for a PayPal Payments Pro account and accept credit cards directly through their website from them and this only takes like 5 minutes to fill out the form online and maybe 24 hours to get approved.

This is the easy stuff you go through when starting a business >.>

Not sure how it is nowa days, but last time I set up CC it was pretty thorough line of questioning. How long in business, what kind of business, products to be sold, anticpated avg transaction amounts (with range limits) and so on, then on top of that a new internet security questionaire that had to be filled out and completed on line to comply with new federal internet security measures....so who knows what they may be up against in that effort.

MinermanNC

legendary

Activity: 2198

Merit: 1000

Quote from: MinermanNC on June 28, 2013, 10:07:23 AM

Quote from: Bitcoinorama on June 28, 2013, 10:24:56 AM

Requested a refund June 27 1:00 AM pacific, got an auto-reply. No human response yet.

How did you pay? if you don't mind...BTC Paypal etc

Meant to mention that, I made an order for 1xK64 and 3xK16 via paypal.

Well they open in about 20 minutes, maybe you will hear then,,or perhaps we all may hear regarding paypal refunds?? lol.. Goodluck, Im in a wait-see mode right now with paypal.

MinermanNC

legendary

Activity: 2198

Merit: 1000

Quote from: MinermanNC on June 28, 2013, 09:57:16 AM

Quote from: Bitcoinorama on June 28, 2013, 09:34:05 AM

Quote from: MinermanNC on June 27, 2013, 06:28:39 PM

Quote from: notlist3d on June 27, 2013, 06:04:48 PM

I think a lot is riding on paypal. I don't think we will see a post or blog to say what batch till paypal outcome is known. If they do tell paypal outcome friday or choose to do something will be a interesting day. I cant imagine them wanting to loose paypal so i think there will be a bit of quietness and waiting. Either way get your popcorn.

For sure, and you know if paypal is reviewing them,,which they are, and paypal decides at some point to release their funds to TH (friday or even later), that should be real reassuring for all of us. Cause paypal will be looking at their over all viabilty as a company, so if they satisfy paypal, (which ain't easy) It of course will be great for TH and will make me feel better to! lol whether I'm in the first so called batch" or not...

Butterfly Labs have royally screwed Paypal options for crowd funded start-ups in the Bitcoin community.

Coupled with the scam re-sale of BFL pre-orders, Paypal don't want to touch something similar again.

What does that tell you about Paypal's confidence in BFL.

KnC had massive issues because of this and had to go to extreme lengths to secure Paypal, because they know what it means to have the brand on board for pre-order confidence.

Terrahash are smaller and may have a harder time, but it's BFL who have put them in this situation.

Paypal just do the same as John K., escrow funds for 45 days, but for that they get months of bullshit form pissed BFL customers which has left a lasting resentment.

That sums it nicely...However, I would think TH will wait as long as possible to see if paypal will work with them, even if they get CC payment set up today or whenever. Im sure they would rather get payal endorsement.

Also in my experience it takes more than 'days' to negotiate with payment processors and issuing banks. Setting up Ccard payment options takes time, this is the one area I feel TH has been misleading, or mislead themselves.

Paypal would be far faster to set-up normally without BFL's indiscretions.

No doubt, i feel they will potentialy run into the same issue setting up a CC account with a bank as well,,, for some of the same reasons...I dont really expect to see a status change today on anything, maybe an update reiterating what they said on monday.

rethaw

sr. member

Activity: 378

Merit: 255

Quote from: MinermanNC on June 28, 2013, 10:07:23 AM

Quote from: MinermanNC on June 28, 2013, 09:57:16 AM

Requested a refund June 27 1:00 AM pacific, got an auto-reply. No human response yet.

How did you pay? if you don't mind...BTC Paypal etc

Meant to mention that, I made an order for 1xK64 and 3xK16 via paypal.

Bitcoinorama

hero member

Activity: 532

Merit: 500

Quote from: Bitcoinorama on June 28, 2013, 09:34:05 AM

Quote from: MinermanNC on June 27, 2013, 06:28:39 PM

Quote from: notlist3d on June 27, 2013, 06:04:48 PM

I think a lot is riding on paypal. I don't think we will see a post or blog to say what batch till paypal outcome is known. If they do tell paypal outcome friday or choose to do something will be a interesting day. I cant imagine them wanting to loose paypal so i think there will be a bit of quietness and waiting. Either way get your popcorn.

For sure, and you know if paypal is reviewing them,,which they are, and paypal decides at some point to release their funds to TH (friday or even later), that should be real reassuring for all of us. Cause paypal will be looking at their over all viabilty as a company, so if they satisfy paypal, (which ain't easy) It of course will be great for TH and will make me feel better to! lol whether I'm in the first so called batch" or not...

Butterfly Labs have royally screwed Paypal options for crowd funded start-ups in the Bitcoin community.

Coupled with the scam re-sale of BFL pre-orders, Paypal don't want to touch something similar again.

What does that tell you about Paypal's confidence in BFL.

KnC had massive issues because of this and had to go to extreme lengths to secure Paypal, because they know what it means to have the brand on board for pre-order confidence.

Terrahash are smaller and may have a harder time, but it's BFL who have put them in this situation.

Paypal just do the same as John K., escrow funds for 45 days, but for that they get months of bullshit form pissed BFL customers which has left a lasting resentment.

That sums it nicely...However, I would think TH will wait as long as possible to see if paypal will work with them, even if they get CC payment set up today or whenever. Im sure they would rather get payal endorsement.

Also in my experience it takes more than 'days' to negotiate with payment processors and issuing banks. Setting up Ccard payment options takes time, this is the one area I feel TH has been misleading, or mislead themselves.

Paypal would be far faster to set-up normally without BFL's indiscretions.

MinermanNC

legendary

Activity: 2198

Merit: 1000