Why Don't Providers Do This One Simple Thing ... To Make More Money?
- Thread starter drmike
- Start date
drmike
100% Tier-1 Gogent
Yeah lots of "lowend" providers disable this feature. I get that they get beat by the criminal element in the segment.
I am making my rounds soon to enable this pre-pay dumping of funds, accepting it otherwise or if just blah about it, dumping said providers.
Stuff like this sounds like cry baby stuff, but when a busy person and notifications all over the place and invoices showing up daily and needing tended to regularly like that, it is kind of blah. Another reason to develop a personal panel and API while routing emails and other notifications to some folder I don't see / doesn't alert tone interrupt me.
(can you tell distractions aren't on my happy list)
I am making my rounds soon to enable this pre-pay dumping of funds, accepting it otherwise or if just blah about it, dumping said providers.
Stuff like this sounds like cry baby stuff, but when a busy person and notifications all over the place and invoices showing up daily and needing tended to regularly like that, it is kind of blah. Another reason to develop a personal panel and API while routing emails and other notifications to some folder I don't see / doesn't alert tone interrupt me.
(can you tell distractions aren't on my happy list)
We also have this enabled but have thought about disabling it many times. It really complicates accounting. And i am not sure it is OK according to paypal's ToS. I'm not a native English speaker so maybe i don't understand everything correctly, but i think it's at least a gray area.
https://www.paypal.com/bg/webapps/mpp/ua/ceagreement-full
See "1. Association Rules" point "b"
See "1. Association Rules" point "b"
How do you understand this? Does "Add Funds" result from a purchase of goods or services?
Yes, it´s a "credit" something that is way older than Paypal
"add funds" is just the frienly name, the fact is that any company can accept money from a customer to be used in future purchases. It´s not specific to services.
Is this the pay flow pro CC processing agreement? Otherwise how could you know if the client is funding their account with a CC or funds already in their PayPal account.
But I view "Add Funds" as purchase of future service, but maybe PayPal would view it differently
Here is another view. Paypal let´s you add fund to your Paypal account prior of needing to use the service.
Answers your concern?
It doesn't? I can't use my card to deposit money in my paypal balance.Here is another view. Paypal let´s you add fund to your Paypal account prior of needing to use the service.
Answers your concern?
I can use my bank account to deposit money to my PayPal balance. Not sure if it's any different for CCs.
DomainBop
Dormant VPSB Pathogen
Bank transfers only, no credit or debit cards, when adding funds to your PayPal account.
Skrill however does allow funding of Skrill balances with credit cards (the card used must be in your name).
Because that woudl make no sense, if you have a CC all you need to do is to link it to your paypal account and Paypal will take the money as you use the service.
However you can fund your Paypal account by transfering money form your Bank to paypal.
https://www.paypal.com/us/webapps/helpcenter/helphub/article/?solutionId=FAQ1348&m=HTQ
Most of providers I know will let you pre-pay for their services, either using bank transfer or PayPal/CC.
Providers using 2Checkout may be more reluctant to do so, as according to our experience 2CO won't approve the Company's billing system if it allows 2CO to be used for adding credit.
Providers using 2Checkout may be more reluctant to do so, as according to our experience 2CO won't approve the Company's billing system if it allows 2CO to be used for adding credit.
There is a major problem for EU companies. WHMcs' add funds option doesn't include VAT. EU companies must charge VAT on every payment sent by EU individuals, including add funds invoices.
Once VAT is charged on add funds invoice, the formula for calculating total amount on service invoice is total=subtotal-credit+vat, not total=subtotal+vat-credit as WHMcs does by default.
We had a custom hook done to change all that according to EU laws. It may look like a simple hook but you figure it's a lot of work as you write it(e.g WHMcs' option for automatic applying credit to invoices need to be disabled and rewritten in the hook etc).
Once VAT is charged on add funds invoice, the formula for calculating total amount on service invoice is total=subtotal-credit+vat, not total=subtotal+vat-credit as WHMcs does by default.
We had a custom hook done to change all that according to EU laws. It may look like a simple hook but you figure it's a lot of work as you write it(e.g WHMcs' option for automatic applying credit to invoices need to be disabled and rewritten in the hook etc).
So you charge them VAT twice?
If they are adding the funds to their account and then using those funds to pay the invoice due and you are charging VAT for both invoices then that's double charging them.
Client uses Add Funds and pays VAT.
Client uses funds to pay invoice with VAT added to it already.
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No, the vat ammount is discounted as well.
Practical example:
Package A is 10+23%Vat ? 12.3
One day you decide to pre pay 1 month because you are going to take a cuple week vacations and send over the whole 12.3 (or 10 + vat)... when you receive the 1 month invoice you will have the 12.3 deducted.
What you need to realize is that when you pre fund the company still need to invoice you (a Credit note), thus the tax.
You may ask, wtf, why all this complication?..
Well, see it from the prespective of the goverment, they want to take their cut (vat) from every single euro you make, and a credit = money = financial transaction to a company benefit = the state gets their cut.
Makes sense now?
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Ok so even though he's paying the VAT, it's actually added to his account as credit and not deducted from his payment like it normally would be?
No, VAT is only charged on the add funds invoice.
Service invoice gets calculated by total=subtotal-credit+vat, which means VAT is calculated only against the difference(subtotal-credit) amount. It's all done in hook as well.
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We allow adding funds to your account, but not without having already active services. The reason for this is simple: If someone were to use a hacked PayPal account, or a credit card, I don't want a transaction of $500 added to their account using that credit card. It's one thing if the transaction is $2,99 - which likely does not affect the account holder much (especially since we'll refund it anyway) - but $500 could easily break their personal economy until it is resolved and refunded.