Ahh yes, people, it's time for another bitch post! We're up to number 10, and I am hotter than a bitch in heat! For those of you who are not familiar with 1000 Markets, they only allow payments to be processed through Amazon Payments. That's wonderful for seasoned sellers who've racked up hundreds of sales via Amazon Payments, but if you're like me and have only had a handful, then they literally hold your money hostage for an indefinite period of time. It's their way of safeguarding the buyer. But where does that leave us sellers? The buyer pays, the transaction clears, but Amazon says "We don't really trust you yet, so we're going to use your money as collateral in case the buyer makes a claim against you..."
If I'm reading this wrong, please enlighten me. I've had 3 sales in the last week on 1000 Markets which is like hitting pay dirt in my book because my last sale there was in July! I don't have time to apply for some Tier II merchant level in an effort to have my money released quicker. I have NEVER had a problem on PayPal. The buyer makes a purchase. They pay through PayPal. The transaction clears. I gets my scrilla, and I ship the goods! We're on week 2, and I do not have my money! Meanwhile, in an effort of good faith and good customer service, I've shipped the buyers' goods. After all, they've paid, so why should they be penalized? I'm just sayin....I WANTS MY MONEY!!!!!
EPILOGUE: THANK YOU EVERYONE FOR YOUR SUPPORT! I GUESS IF YOU THROW A PUBLIC HISSY FIT, YOU CAN GET WHAT YOU WANT:)
After contacting Amazon Payments and yes, applying for Tier II status, it was granted. Yay! I'm taking the money and running! Maybe now I'll promote my 1KM shop a little more:)
10 comments:
and I couldn't agree with you more! PLUS they deduct five percent, which is high, in my book!
PAY UP...I say!!! Get em' P!
:)
wow that totally sucks!
I signed up for that site but never bothered to really start selling on it. Maybe I am glad!
sure hope they give you the money ASAP!
could you write to the 1000 markets and tell them that amazon payments is no good as a seller?!?!?
This is a hot topic over at the 1KM forums. I, like many other sellers, am just stuck...It is what it is. Hopefully with enough pressure, 1KM will allow PayPal as a payment alternative soon...
Thanks for listening to me vent and bitch:)
Thanks for posting this. I have a shop on 1000mkts but never activated it because I don't want yet another place to tie up my money. What are they thinking? Offer PayPal too - it is just good biz. Now that I see your experience, don't think I will go that route. Thanks again and best to you.
I'm not a seller so no experience with that but it sounds wrong based on what you said. I WOULD WANT MY MONEY!
You're right that certainly does SUCK!
Hi. I'm not familiar with that medium and don't own a shop, but your situation most definitely sounds ridiculous. "HOld your money as collateral" Man, what the heck!?@#$ Um, If I sell, and they pay, you give me my money!! Wow. So not cool. I understand your gripe.
O.F.C.J.
girl that sucks!! i would be pissed beyond belief too!! is there a way to 'cancel' the order after informing the customer, and then requesting they send you a check? i'd rather risk a check from a stranger than hang all my faith on amazon payments at this point! good luck!!
Patrice,
That sucks, I looked into the whole Amazon payment deal, and ran from it.
But guess what, because I'm a jewelry business Pay pal holds a percentage of my money for 60 days!
Everyone wants dibs on our cash flow, lol. Kandio
I registered sometime ago with 1000 Markets and after reading through the forums then about this I never went back to complete the process.
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