Post: #501

If anyone knows a payment processor that takes local bank transfers from the major countries in the major currencies all over the world, and can aggregate them into a single chosen currency at reasonable rates, please suggest. As online banking now has mobile phone apps it has become easier to pay by bank transfer, but still nowhere near as quick/easy as PayPal.

Yes, in the case of a payment processor like Square, you are still at their mercy. Having a backup in place might be a good idea. Using two payment processors at the same time (e.g. by randomly redirecting payment links 50/50 processor1/processor2) would mean that if you get banned by one you can switch 100% to the working processor and the show goes on like nothing happened. The disadvantage of two at a time is a 2x higher burn rate of payment processors, assuming you continue to get banned over time. There is a limited number of decent, mainstream processors suitable for automated sales.

Another route is the high risk/offshore merchant accounts which have fees like 7-9%. Some of these are similar in function to the mainstream processors in that you're part of a number of customers having payments processed under the same "umbrella" like PayPal or 2Checkout or Square. The other type of offshore merchant account is literally your own independent merchant account that has to go through the processing bank (difficult applications, high fees, custom code required to automate online payments etc.) Combine this last option with an actual offshore bank account, in countries with actual banking secrecy remaining, which have not handed over their data to the US, and that is the least "anti-fragile" but again you are always at the mercy of the offshore bank and the bank that ultimately processes the Visa/MasterCard transactions. This is a high inconvenience, high cost (overall you'd be hit at least 10% perhaps 15% with all other costs involved) option which is usually reserved for genuine "high risk" merchants such as gambling, porn, online pharmacies (this is for porn that is completely legal, and drugs that are NOT controlled and legal to purchase online) and other stuff which is legal but not allowed by PayPal and most of the mainstream processors.

I think it's a balancing act of the probability of being banned by most mainstream processors, versus the higher cost in time, money and frustration (offshore banks and offshore processors don't make things easy). Ultimately there is no one who can be truly 100% anti-fragile. The Bitcoin exchanges, which deal with millions of dollars of trade volume every day, have consistent trouble with banks. Kraken (the leading EU exchange) until recently had a 1-2 month period where there was no way of transferring any fiat currency in or out of its accounts. This wasn't a case of a Bitcoin exchange having liquidity problems/hacks (e.g. MtGox, Cryptsy BitFinex etc.), it was just banks being difficult. At some point there has to be a bank processing transactions (in the Visa/MasterCard network for card payments, registered with a SWIFT/BIC for wires) to turn whatever you're selling into $$ in your account. Take a look at Poloniex, which unlike Kraken has no direct way of withdrawing fiat currency; all Cryptocurrency prices in theoretical USD terms ("USD Tether") are inflated by approximately 10%. Poloniex's 24 hour USD Tether volume alone is around $24 million.

It seems incredible that obscure offshore methods should even enter the discussion when you're selling e-books. Hopefully it's just PayPal being PayPal and it will be smooth sailing with a new major payment processor (or two). I don't think there is cause for extreme alarm as yet. However it does show a worrying trend in that while a payment processor can choose to do business with whomever it likes, basing those decisions on general dislike of perfectly legal content is effectively a form of "soft censorship"; they cannot ban the content but they can refuse to process sales thereof, which does keep the content from what would have been paying readers.

Post: #502

I haven't read through the thread so apologies if this has been answered (maybe you could put this into the FAQ on page 1) - but as an alternative to Bitcoin can we just go to your Donation page and pay that way then update the payment to $19? Or is there a reason why this isn't possible? Cause it looks as though that payment mechanism there is still in tact.

Post: #503

(05-30-2017 10:24 AM)Dirkus Wrote:  I haven't read through the thread so apologies if this has been answered (maybe you could put this into the FAQ on page 1) - but as an alternative to Bitcoin can we just go to your Donation page and pay that way then update the payment to $19? Or is there a reason why this isn't possible? Cause it looks as though that payment mechanism there is still in tact.

What page are you referring to?

Post: #504

http://www.rooshv.com/donate

Post: #505

YMG changed his username to OSL.

Post: #506

(09-11-2017 12:58 PM)Roosh Wrote:  YMG changed his username to OSL.

OldStationaryLocal?

Post: #507

Roosh can you tell me a link to paypal donate? http://www.rooshv.com/donate only seems to take credit card.

I want to send some internet love (no homo)

Post: #508

MaleDefined changed his username to TheBulldozer.

Post: #509

El_Gostro has changed his username to Elster.

Post: #510

SHANbangs changed his username to Chewbacon.

Post: #511

I've always wondered what the gold medal badge meant and finally came upon this thread.

+1 to the Lifetime Gold Membership Club...a small thanks to all the work that Roosh has put in over the years as well as the community here. His writings and the forum's data sheets have directly influenced many of my choices over the years in both Game and travel. Cheers.

Post: #512

(06-08-2017 09:01 AM)Dirkus Wrote:  http://www.rooshv.com/donate

Can I actually send in a donation through this page? Not sure it's actually functioning...

Post: #513

You can now buy your gold membership with Litecoin. Here's the address:

LUjmHZf4aF3pnXjzeEPAkgw1NAKGAT3QsN

   

Post: #514

Roosh - if I send the $21 to you via my Coinbase account, it costs $36. There's a $15 network fee for moving bitcoin.

I also set up a BitGo Account. But the only bitcoin I own is with Coinbase, and same issue there's that $15 fee to move the bitcoin into BitGo.

Thoughts?

Post: #515

(12-14-2017 03:05 AM)Jagnum Wrote:  Roosh - if I send the $21 to you via my Coinbase account, it costs $36. There's a $15 network fee for moving bitcoin.

I also set up a BitGo Account. But the only bitcoin I own is with Coinbase, and same issue there's that $15 fee to move the bitcoin into BitGo.

Thoughts?

Use Litecoin. It has far lower transaction costs.

Post: #516

(12-14-2017 03:05 AM)Jagnum Wrote:  Roosh - if I send the $21 to you via my Coinbase account, it costs $36. There's a $15 network fee for moving bitcoin.

I also set up a BitGo Account. But the only bitcoin I own is with Coinbase, and same issue there's that $15 fee to move the bitcoin into BitGo.

Thoughts?

I don't advise sending with Bitcoin since the fees are too high. Litecoin or Bitcoin Cash make sense.

Post: #517

Windom Earle has just given the gift of gold to Dream Medicine.

Post: #518

^Dream Medicine definitely deserves it.Dude recently helped me out a ton.

Post: #519

CrashBangWallop changed his username to Saweeep.

Post: #520

Fisto has changed his username to Duke Castile.

Post: #521

He's still Fisto though.

Post: #522

DarianFrey changed his username to Vienna.

Post: #523

Zelcorpion has changed his username to Simeon_Strangelight.

Post: #524

Kona has changed his name to Pono, and will be ending all his posts with "Mahalo", but not officially, so he is keeping it a secret from Roosh and expecting all you to make the switch in your head every time you see the name Kona, and the word "Aloha."

Roosh, please don't read this.

Post: #525

Debguiled added another E to his name. Slippery slope. Next thing you know you're deeebguiled.

Aloha!