If You Dropship With Stripe and/or PayPal, Watch This (BANNED FOR LIFE)
Published on: December 4 2022 by Hayden Bowles
If You Dropship With Stripe and/or PayPal, Watch This (BANNED FOR LIFE)
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Table of Contents About If You Dropship With Stripe and/or PayPal, Watch This (BANNED FOR LIFE)
If You Dropship With Stripe and/or PayPal, Watch This (BANNED FOR LIFE)
startTime | durationTime | text |
00:00:00 | 00:00:05 | all right we are starting this video off |
00:00:02 | 00:00:06 | up at the office getting a little bit of |
00:00:05 | 00:00:07 | work done just having some trouble |
00:00:06 | 00:00:08 | connecting to the internet but we will |
00:00:07 | 00:00:11 | get it solved |
00:00:08 | 00:00:13 | anyways look at this view absolutely |
00:00:11 | 00:00:15 | gorgeous top floor of one any tallest |
00:00:13 | 00:00:18 | office buildings in all of Orange County |
00:00:15 | 00:00:19 | absolutely amazing stunning view I love |
00:00:18 | 00:00:20 | the light and hopefully you guys enjoy |
00:00:19 | 00:00:22 | hopefully the sound is good inside of |
00:00:20 | 00:00:23 | here too but I want to start this off |
00:00:22 | 00:00:25 | here I don't know where we're gonna end |
00:00:23 | 00:00:26 | up by the end of this video I want to go |
00:00:25 | 00:00:28 | through and really put all my thoughts |
00:00:26 | 00:00:30 | into one place and kind of explain |
00:00:28 | 00:00:32 | what's going on with a lotta different |
00:00:30 | 00:00:36 | payment processors that includes and is |
00:00:32 | 00:00:38 | not excluding stripe and PayPal so these |
00:00:36 | 00:00:39 | two platforms I want to kind of explain |
00:00:38 | 00:00:41 | a little bit more behind them because I |
00:00:39 | 00:00:43 | myself have been learning a lot about |
00:00:41 | 00:00:44 | these platforms how they react and if |
00:00:43 | 00:00:46 | you're doing anything like ecommerce |
00:00:44 | 00:00:49 | whether that's drop shipping or not |
00:00:46 | 00:00:51 | those two platforms specifically don't |
00:00:49 | 00:00:53 | necessarily support the business model |
00:00:51 | 00:00:54 | so if they find out you're doing |
00:00:53 | 00:00:57 | something like that and processing your |
00:00:54 | 00:00:59 | sales through their platform the odds of |
00:00:57 | 00:01:00 | you getting terminated are extremely |
00:00:59 | 00:01:02 | high and well that might not be a big |
00:01:00 | 00:01:04 | problem you think oh I can just go open |
00:01:02 | 00:01:06 | another stripe you can okay they're an |
00:01:04 | 00:01:08 | aggregator all they're doing essentially |
00:01:06 | 00:01:10 | is they're not even doing any sort of |
00:01:08 | 00:01:12 | underlying cause they're not looking at |
00:01:10 | 00:01:14 | anything until after you get your first |
00:01:12 | 00:01:16 | order so it's not hard for you to get |
00:01:14 | 00:01:18 | approved for a stripe account right now |
00:01:16 | 00:01:19 | me personally and they do this to a lot |
00:01:18 | 00:01:21 | of people especially people who |
00:01:19 | 00:01:22 | constantly run EECOM stores and whatnot |
00:01:21 | 00:01:24 | is they'll actually kick you off of |
00:01:22 | 00:01:26 | stripe so that doesn't mean your |
00:01:24 | 00:01:28 | individual account is gone that means |
00:01:26 | 00:01:30 | your name is banned your social security |
00:01:28 | 00:01:32 | to last for your address phone number |
00:01:30 | 00:01:34 | your IP they're gonna kind of track you |
00:01:32 | 00:01:37 | from all angles very similarly to how |
00:01:34 | 00:01:38 | Facebook Ads will or just Facebook when |
00:01:37 | 00:01:40 | they ban you from their ad platform if |
00:01:38 | 00:01:42 | that happens to you so I want to explain |
00:01:40 | 00:01:44 | a little bit about what to do things you |
00:01:42 | 00:01:45 | can avoid things that I'm learning first |
00:01:44 | 00:01:47 | of all it's never been that big of an |
00:01:45 | 00:01:49 | issue because I can always open more |
00:01:47 | 00:01:50 | accounts and it's been just like |
00:01:49 | 00:01:51 | recently I don't wanna say kind of |
00:01:50 | 00:01:52 | getting shut down but it'll work for a |
00:01:51 | 00:01:53 | little while |
00:01:52 | 00:01:55 | they'll put my money on a hold like |
00:01:53 | 00:01:57 | right now I have a lot of money on hold |
00:01:55 | 00:01:59 | that I haven't seen in like four months |
00:01:57 | 00:02:02 | and I'm not going to see it for another |
00:01:59 | 00:02:03 | three so unfortunately the first thing |
00:02:02 | 00:02:04 | that I want to stay inside here is |
00:02:03 | 00:02:06 | there's nothing you can do when your |
00:02:04 | 00:02:07 | money gets held in reserve there's very |
00:02:06 | 00:02:10 | very little |
00:02:07 | 00:02:13 | and unless you're someone where let's |
00:02:10 | 00:02:15 | say you made 10 $10,000 in sales and you |
00:02:13 | 00:02:17 | know you had ad cost out of that you had |
00:02:15 | 00:02:18 | product cost that you had to pay and you |
00:02:17 | 00:02:20 | haven't gotten that money so you're at a |
00:02:18 | 00:02:22 | loss that can be annoying but for a lot |
00:02:20 | 00:02:23 | of this stuff I don't really care when I |
00:02:22 | 00:02:26 | get the money as long as I'm gonna get |
00:02:23 | 00:02:27 | it so that's just me personally now one |
00:02:26 | 00:02:28 | of the things I'm doing actually is |
00:02:27 | 00:02:31 | working directly with a payment |
00:02:28 | 00:02:33 | processor that I have to leave unnamed |
00:02:31 | 00:02:34 | right now but they have nothing to do |
00:02:33 | 00:02:36 | with like the internet space and the |
00:02:34 | 00:02:38 | e-commerce which is really interesting |
00:02:36 | 00:02:39 | so we're trying to set something up |
00:02:38 | 00:02:41 | where I can actually go ahead and |
00:02:39 | 00:02:43 | utilize that for e-commerce and |
00:02:41 | 00:02:44 | everything else I do and just process |
00:02:43 | 00:02:46 | orders for clients through there for |
00:02:44 | 00:02:49 | things of my personal brand literally |
00:02:46 | 00:02:51 | everything to try and see how we can |
00:02:49 | 00:02:52 | better structure that because to give |
00:02:51 | 00:02:55 | you a little bit of background PayPal |
00:02:52 | 00:02:57 | they just don't like a lot of a lot of |
00:02:55 | 00:02:58 | business models to say the least you |
00:02:57 | 00:03:00 | know they have I don't wanna say a black |
00:02:58 | 00:03:02 | list of business models but there's a |
00:03:00 | 00:03:03 | lot of things that they just don't want |
00:03:02 | 00:03:05 | to deal with and they're very |
00:03:03 | 00:03:06 | heavy-handed which means if there's an |
00:03:05 | 00:03:08 | issue if there is potentially a |
00:03:06 | 00:03:10 | chargeback or if there's any sort of |
00:03:08 | 00:03:12 | problem to say the least that would |
00:03:10 | 00:03:14 | require them to put in their time |
00:03:12 | 00:03:15 | they're just gonna like wipe you off the |
00:03:14 | 00:03:17 | platform they don't care they're like oh |
00:03:15 | 00:03:18 | we'd rather not you know make the money |
00:03:17 | 00:03:20 | in the commission from your sales and |
00:03:18 | 00:03:22 | just kick you off a year so that's what |
00:03:20 | 00:03:25 | you're gonna see very frequently with |
00:03:22 | 00:03:26 | stripe as well so stripe is a platform |
00:03:25 | 00:03:28 | that actually they're not their own |
00:03:26 | 00:03:29 | processor they are essentially |
00:03:28 | 00:03:31 | outsourcing to a third party so if |
00:03:29 | 00:03:34 | you're getting an email from stripe |
00:03:31 | 00:03:35 | support the odds of that being from like |
00:03:34 | 00:03:37 | India or something is extremely high |
00:03:35 | 00:03:39 | right they're outsourcing that so |
00:03:37 | 00:03:41 | they're they're not actually really |
00:03:39 | 00:03:43 | looking at anything which is why your |
00:03:41 | 00:03:45 | account gets approved immediately so |
00:03:43 | 00:03:47 | even me with being banned on there if I |
00:03:45 | 00:03:49 | were to today go ahead on my laptop |
00:03:47 | 00:03:51 | right now and open up a stripe account |
00:03:49 | 00:03:53 | the thing that's gonna happen is it will |
00:03:51 | 00:03:55 | get approved in about 30 minutes to an |
00:03:53 | 00:03:57 | hour a couple hours later it's gonna get |
00:03:55 | 00:03:59 | shut down before I even put any money |
00:03:57 | 00:04:00 | through so I'm not here to complain |
00:03:59 | 00:04:02 | obviously or anything I want to give you |
00:04:00 | 00:04:03 | guys some solutions and tok about a |
00:04:02 | 00:04:05 | little bit more than just payment |
00:04:03 | 00:04:08 | processors but some of the downsides of |
00:04:05 | 00:04:09 | doing something like ecommerce because |
00:04:08 | 00:04:11 | there is a lot what do you do when |
00:04:09 | 00:04:12 | stripe shuts you down what are you doing |
00:04:11 | 00:04:14 | PayPal shuts you down what are you doing |
00:04:12 | 00:04:16 | Facebook shuts you down these are |
00:04:14 | 00:04:17 | questions that you might run into and if |
00:04:16 | 00:04:20 | you're not prepared for them you're |
00:04:17 | 00:04:22 | gonna run into issues it's as simple as |
00:04:20 | 00:04:23 | okay so the type of approach I'm gonna |
00:04:22 | 00:04:24 | take in this video is a little bit |
00:04:23 | 00:04:26 | different what I'm gonna go ahead and do |
00:04:24 | 00:04:28 | right now just had this idea I'm gonna |
00:04:26 | 00:04:29 | call up a couple of my buddies who I |
00:04:28 | 00:04:31 | know have had issues with this who I |
00:04:29 | 00:04:33 | know make a lot of money with e-commerce |
00:04:31 | 00:04:36 | and do all sorts of things through these |
00:04:33 | 00:04:37 | two platforms primarily what we're going |
00:04:36 | 00:04:40 | to tok about a Facebook ad account - |
00:04:37 | 00:04:42 | but I'm stripe and PayPal okay so the |
00:04:40 | 00:04:45 | main payment process or gateways I want |
00:04:42 | 00:04:46 | you to hear their opinion on it okay so |
00:04:45 | 00:04:48 | we're gonna go ahead and do is the first |
00:04:46 | 00:04:49 | person we're just gonna call randomly |
00:04:48 | 00:04:51 | out of the blue they have no idea of |
00:04:49 | 00:04:55 | cots we'll see who answers we are going |
00:04:51 | 00:04:59 | to give a FaceTime to Sebastian oh look |
00:04:55 | 00:05:06 | and he picked up your on camera buddy to |
00:04:59 | 00:05:08 | my youtube channel Wow you missed your |
00:05:06 | 00:05:10 | flight to Bali okay well I I'm randomly |
00:05:08 | 00:05:12 | I just had this idea I'm not cutting |
00:05:10 | 00:05:15 | this at all I randomly FaceTime you the |
00:05:12 | 00:05:18 | topic of this video I want your opinion |
00:05:15 | 00:05:20 | on what to do when stripe or PayPal |
00:05:18 | 00:05:22 | shuts you down any information on that |
00:05:20 | 00:06:04 | things you've run and just share your |
00:05:22 | 00:06:06 | experience with them yeah authorize is a |
00:06:04 | 00:06:08 | good one that also helps you link to any |
00:06:06 | 00:06:11 | other payment processor by the way to |
00:06:08 | 00:06:11 | view others you can link through it |
00:06:15 | 00:06:19 | and have you had you've had PayPal |
00:06:17 | 00:06:27 | locked your money right yes and how long |
00:06:19 | 00:06:27 | did they lock it for 180 dang you got |
00:06:27 | 00:06:32 | lucky buddy |
00:06:27 | 00:06:43 | I know I'm feeling the same way right |
00:06:32 | 00:06:46 | about now I'm waiting for mine any |
00:06:43 | 00:06:47 | specific tip or advice you can or things |
00:06:46 | 00:07:16 | that you can add on to this topic of the |
00:06:47 | 00:07:19 | negatives and downsides of just these |
00:07:16 | 00:07:21 | processors lockup your money like it's |
00:07:19 | 00:07:23 | just discouraging just it's like you'll |
00:07:21 | 00:07:25 | probably get close to breaking even if |
00:07:23 | 00:07:27 | they take if they take more than 25% or |
00:07:25 | 00:07:32 | you appeal just be barely barely |
00:07:27 | 00:07:33 | profiting yeah which makes it tough yeah |
00:07:32 | 00:07:35 | look at that |
00:07:33 | 00:07:36 | Sebastian coming through at the reply |
00:07:35 | 00:07:39 | alright we're gonna see who else answers |
00:07:36 | 00:07:42 | the phone oh is that you got a GTR no |
00:07:39 | 00:07:49 | way oh you got yours out of the impound |
00:07:42 | 00:07:51 | how did that go so as you can see there |
00:07:49 | 00:07:52 | based on what Sebastian said it kind of |
00:07:51 | 00:07:54 | falls in line with a lot of these issues |
00:07:52 | 00:07:56 | and you're gonna see a reoccurring theme |
00:07:54 | 00:07:57 | hopefully this other person picks up the |
00:07:56 | 00:07:59 | phone I don't know who am I call a few |
00:07:57 | 00:08:01 | random people but I really liked what he |
00:07:59 | 00:08:02 | said about the issue of margin and I'm |
00:08:01 | 00:08:04 | holding your money which is what I just |
00:08:02 | 00:08:06 | toked about before we called him which |
00:08:04 | 00:08:08 | can be a serious issue especially if you |
00:08:06 | 00:08:10 | have a low budget and you might not have |
00:08:08 | 00:08:12 | any like external money to play with so |
00:08:10 | 00:08:13 | if you end up getting it locked any sort |
00:08:12 | 00:08:15 | of rolling reserve or maybe all of it |
00:08:13 | 00:08:17 | all the revenue locked up you could |
00:08:15 | 00:08:18 | actually be at a loss let alone break |
00:08:17 | 00:08:20 | even so that might inhibit you from |
00:08:18 | 00:08:22 | continuing to do any sort of e-commerce |
00:08:20 | 00:08:24 | which it's just a massive headache okay |
00:08:22 | 00:08:26 | it really is so let's go ahead and we |
00:08:24 | 00:08:28 | are going to phone in |
00:08:26 | 00:08:30 | the next person let's see who do I think |
00:08:28 | 00:08:33 | is gonna pick up the phone will give up |
00:08:30 | 00:08:35 | will give Tanner planes Tanner plan us a |
00:08:33 | 00:08:37 | call which one should we attend a |
00:08:35 | 00:08:40 | plane's biz Tanner planes and slips each |
00:08:37 | 00:08:44 | one the answers don't let me down buddy |
00:08:40 | 00:08:54 | you're on camera oh man |
00:08:44 | 00:08:55 | I'm on my way to what Tanner what's |
00:08:54 | 00:08:58 | going on guys Tanner please come back at |
00:08:55 | 00:08:58 | you with a brand new video |
00:09:00 | 00:09:04 | all right Tanner you're on Cameron I |
00:09:02 | 00:09:08 | can't cut this this is part of the video |
00:09:04 | 00:09:49 | okay what issues have you had with |
00:09:08 | 00:09:52 | stripe and PayPal when it comes to still |
00:09:49 | 00:09:54 | in the video so what's your solution to |
00:09:52 | 00:09:55 | everything what's what's something you |
00:09:54 | 00:09:59 | can do I know a lot of people who watch |
00:09:55 | 00:10:01 | this right now will cash cash on |
00:09:59 | 00:10:02 | delivery yeah like you know what's |
00:10:01 | 00:10:04 | what's something you can do to help |
00:10:02 | 00:10:06 | avoid that or well you're you're also |
00:10:04 | 00:10:16 | you're also underage so that's part of |
00:10:06 | 00:10:18 | it like the branding of everything cuz |
00:10:16 | 00:10:19 | like if that works then shop vontavious |
00:10:18 | 00:10:21 | worse of course it agencies every |
00:10:19 | 00:10:24 | transaction which is which is annoying |
00:10:21 | 00:10:25 | but I haven't had really much issues |
00:10:24 | 00:10:27 | with shop buy payment sometimes they're |
00:10:25 | 00:10:29 | like alright you can't sell this |
00:10:27 | 00:10:30 | under store take it down or you know |
00:10:29 | 00:10:33 | things like that but as far as payments |
00:10:30 | 00:10:36 | go they even Shopify right now like on |
00:10:33 | 00:10:39 | all my stores they hold like 30 percent |
00:10:36 | 00:10:41 | for our 90 days or whatever it is and |
00:10:39 | 00:10:42 | you you really do really care too much |
00:10:41 | 00:10:43 | if they're holding it but you know |
00:10:42 | 00:10:54 | you're gonna get it like I personally |
00:10:43 | 00:10:56 | don't your margin exactly yeah it's |
00:10:54 | 00:10:58 | funny Sebastian's I I said the same |
00:10:56 | 00:11:00 | thing at the beginning of the video then |
00:10:58 | 00:11:01 | Sebastian said the same thing and now |
00:11:00 | 00:11:07 | you just said it the margin part with |
00:11:01 | 00:11:09 | that Yeah right cool any other lemme let |
00:11:07 | 00:11:11 | me give you this something specific I |
00:11:09 | 00:11:53 | didn't ask anyone else this was the most |
00:11:11 | 00:11:59 | annoying thing about tracking email |
00:11:53 | 00:12:03 | before customer support yeah heck yeah |
00:11:59 | 00:12:04 | you at the warehouse right now where I |
00:12:03 | 00:12:07 | was back in business baby |
00:12:04 | 00:12:08 | cool well hopefully everyone watching |
00:12:07 | 00:12:13 | appreciated the words of wisdom there |
00:12:08 | 00:12:15 | from the Gucci hat man himself boom see |
00:12:13 | 00:12:18 | you there brother take care I want to |
00:12:15 | 00:12:20 | flip this into someone who also does |
00:12:18 | 00:12:22 | social media marketing and sells a lot |
00:12:20 | 00:12:24 | of stuff using stripe online through |
00:12:22 | 00:12:27 | Shopify that makes sense for their |
00:12:24 | 00:12:29 | clients so let's see if I if he picks up |
00:12:27 | 00:12:31 | here I know for sure he's had some |
00:12:29 | 00:12:34 | issues with uh probably PayPal as well |
00:12:31 | 00:12:37 | to to the artist Cuban |
00:12:34 | 00:12:40 | hey buddy you're on camera and I can't |
00:12:37 | 00:12:46 | cut it all right I have a question we |
00:12:40 | 00:12:50 | have a question look at that hey what's |
00:12:46 | 00:13:02 | going on all right have you ever had any |
00:12:50 | 00:13:04 | issues with stripe or PayPal really no |
00:13:02 | 00:13:06 | no have you ever been like shut down you |
00:13:04 | 00:13:13 | had money hold how the held in reserve |
00:13:06 | 00:13:15 | oh yeah well that's yeah it happens all |
00:13:13 | 00:13:19 | the time I'm doing a video on what to do |
00:13:15 | 00:13:19 | when that happens cuz happened to me |
00:13:26 | 00:13:32 | that must mean you're not making enough |
00:13:28 | 00:13:34 | money buddy all right fair enough |
00:13:32 | 00:13:36 | all right that's actually surprising |
00:13:34 | 00:13:37 | hearing you're clean I think one of the |
00:13:36 | 00:13:39 | reasons the reason that I've had issues |
00:13:37 | 00:13:42 | with PayPal is because the account that |
00:13:39 | 00:13:44 | I opened I opened when I was like 13 and |
00:13:42 | 00:13:46 | back then they didn't require an age |
00:13:44 | 00:13:47 | verification so what I did is every time |
00:13:46 | 00:13:50 | they would ask for it I would just not |
00:13:47 | 00:13:51 | do it so the only thing I don't know if |
00:13:50 | 00:13:53 | I like slipped under the radar they |
00:13:51 | 00:13:55 | could never figure out the issue but I |
00:13:53 | 00:13:57 | was only able to use the mobile app on |
00:13:55 | 00:13:59 | my phone actually never got like fully |
00:13:57 | 00:14:01 | locked so I could send money I could |
00:13:59 | 00:14:04 | receive money I could move it to my bank |
00:14:01 | 00:14:07 | I could do everything except using the |
00:14:04 | 00:14:08 | website okay for PayPal so that's the |
00:14:07 | 00:14:10 | issue I've had and I want to make sure |
00:14:08 | 00:14:12 | that you guys know very clearly if you |
00:14:10 | 00:14:13 | ever have issues you can't really do |
00:14:12 | 00:14:15 | anything unless you have some major |
00:14:13 | 00:14:17 | connection as to getting your money |
00:14:15 | 00:14:19 | sooner what you can do is make sure you |
00:14:17 | 00:14:21 | have explained your business model very |
00:14:19 | 00:14:22 | well to whatever processor you're using |
00:14:21 | 00:14:24 | and they understand that because the |
00:14:22 | 00:14:26 | problem is things like stripe and PayPal |
00:14:24 | 00:14:28 | primarily stripe they don't communicate |
00:14:26 | 00:14:30 | they don't care to know they don't |
00:14:28 | 00:14:31 | really and they're very heavy-handed so |
00:14:30 | 00:14:33 | you might want to use something like |
00:14:31 | 00:14:35 | authorized.net or depending on where you |
00:14:33 | 00:14:37 | are do some research to see what |
00:14:35 | 00:14:38 | processor would work and make sure that |
00:14:37 | 00:14:40 | you actually explain yourself to them |
00:14:38 | 00:14:42 | you know if you can show history show |
00:14:40 | 00:14:44 | data of sales numbers refund rate charge |
00:14:42 | 00:14:45 | backs all of that you're gonna run into |
00:14:44 | 00:14:47 | a lot less issue |
00:14:45 | 00:14:49 | so it's one of those things where a drop |
00:14:47 | 00:14:51 | shipping is usually unfortunately |
00:14:49 | 00:14:54 | because of a few bad apples viewed as a |
00:14:51 | 00:14:57 | bad business model so processors don't |
00:14:54 | 00:14:59 | necessarily support that fully so what I |
00:14:57 | 00:15:02 | want to do is I'm going to be doing a QA |
00:14:59 | 00:15:03 | sometime soon on YouTube or maybe on |
00:15:02 | 00:15:06 | some sort of platform I'm gonna do a QA |
00:15:03 | 00:15:07 | and some very specific things so if you |
00:15:06 | 00:15:09 | guys would want to attend that let me |
00:15:07 | 00:15:10 | know in the comments down below I'm |
00:15:09 | 00:15:12 | gonna make like a sign-up link or |
00:15:10 | 00:15:12 | something for that free of course going |
00:15:12 | 00:15:14 | through I'm gonna outline a few |
00:15:12 | 00:15:16 | questions myself that I'm gonna answer |
00:15:14 | 00:15:18 | because I know how valuable they're |
00:15:16 | 00:15:20 | gonna be to a lot of people like getting |
00:15:18 | 00:15:22 | their foot wet with just selling online |
00:15:20 | 00:15:23 | honestly so if that's something you guys |
00:15:22 | 00:15:25 | would want to see let me know in the |
00:15:23 | 00:15:27 | comments down below with that being said |
00:15:25 | 00:15:29 | if you enjoyed this video first one from |
00:15:27 | 00:15:31 | up in the office drop a like down below |
00:15:29 | 00:15:32 | and of course join the family any game |
00:15:31 | 00:15:34 | and then I stik an subscribe button and |
00:15:32 | 00:15:35 | I hope that everyone has an amazing day |
00:15:34 | 00:15:39 | and I'm gonna continue trying to figure |
00:15:35 | 00:15:41 | out how to even use this thing I don't |
00:15:39 | 00:15:45 | know looks like a like a flying saucer |
00:15:41 | 00:15:46 | or a weird frisbee but anywho I hope |
00:15:45 | 00:15:47 | that you guys crushed that they hope you |
00:15:46 | 00:15:49 | crushed the week hope you had a great |
00:15:47 | 00:15:51 | weekend or actually are depending on |
00:15:49 | 00:15:54 | when this is dropping and I'll be seeing |
00:15:51 | 00:15:54 | you tomorrow the next video peace |
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