Paypal suspended CreditFactors account — are there alternatives?

In October 2010 PayPal notified me that I had to remove all PayPal payment options from my CreditFactors services page as credit and debt settlement services were no longer allowed and violate the PayPal terms of use.

Since 2000, I had been using PayPal for all my business transactions and PayPal never once received a complaint.

In 2006 I had my only chargeback, a client claimed the charge was “unauthorized” (ID theft).  He was a crook and wanted his money back because I refused to assist him with the removal of a legitimate bankruptcy from his credit report.   I don’t provide “credit repair” services!  I assist clients with LEGITIMATE disputes and help them get the highest possible FICO scores.

Incredibly, PayPal ruled in favor of the crook despite the fact that he had NOT filed a police report and he clearly was not an ID theft victim, but LIED about the “unauthorized” charge.

Why does PayPal ACTIVELY support criminals who submit obviously FALSE claims?

After 10 years with exemplary PayPal account history, never a negative balance, no returned payments and NO complaints about my services, there was nothing I could do to convince PayPal that I am a legitimate credit consultant.

  • My 10-year business relationship with PayPal means nothing.
  • My many fraud documentaries and regulatory complaints mean nothing.

Despite many complaints about PayPal, I had not joined the many PayPal haters because I was concerned with retaliation.

After all, BBVA Compass Bank closed my personal and business accounts in 12/09 when I requested information about their deposit procedures after they charged me a $38 NSF fee while my account was NOT negative.  Apparently they posted a debit prior to the PayPal deposit and I wanted to publish their vile practices. BBVA Compass Bank didn’t appreciate my questions and they closed my accounts without ANY notice — leaving outstanding debits and checks to  be returned unpaid.

Please note that PayPal transfers to a bank account post a day or two later than PayPal withdrawals.

According to BBVA Compass Bank, that’s because PayPal does NOT process transfers to bank accounts promptly.

Are there any alternatives to PayPal?

I searched the web for many hours and all merchant accounts either prohibit credit and debt settlement services or they require huge volume.   I’m not a credit repair mill and never will be —  I don’t have any employees and I don’t pay for office space.  That’s how I keep the cost for my services so low.

Finally I read the Google Checkout terms and they did NOT mention credit or debt.  I searched their terms for both “credit” and “debt” and I found nothing.

I signed up for Google Checkout and it was a nightmare trying to get it to work with my membership software.

Just before Christmas I received the Google Checkout notice that my account was suspended due to violations of their terms.  HUH?  They make things up as they go along.

It’s a lot easier to sell porn than to assist consumers with credit and debt problems.

Currently it’s not possible to subscribe online to the CreditFactors knowledgebase and to order my consulting services on the web.

Clients can mail checks, which I will likely not receive for weeks because I don’t enjoy the luxury of mail delivery at my home / office.

Western Union comes with a $12 fee!

I will continue to work with my existing clients before their checks arrive, but I’m not willing to work with new clients while waiting weeks and maybe forever to get their checks.

I am very glad we are starting to grow veggies and salad for sale.  We can accept cash and barter and eliminate the bank fees entirely.  But I would like to occasionally work with clients with legitimate disputes and feature especially outrageous creditor/collector/bank or other business misconduct here.  After all, that’s what Liars and Cheats EXPOSED is about.

I’ll greatly appreciate any recommendations for online services payment services that can be used to transfer money instantly and hopefully without ridiculous fees.

PayPal and Google Checkout charge around 3%.  A giant waste of money, but I considered it a necessary business expense.  New clients who want me to start work immediately will now have to pay extra to get their payment to me, whether that means additional mailing expenses or fees for expensive online payment services.


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