Epik Fights PayPal

[labrocca]

https://www.coindesk.com/paypal-cut...ded-domain-registrar-hosting-right-wing-sites

Just read that.

Apparently Epik lost Paypal. It might seem like a blow to Rob's business but I lost PP years ago and went 100% crypto. Best thing actually, I no longer was under the thumb of their monopoly and never again had a reversal.

UPDATE: I just spoke with Rob for a minute. He's very excited to get the message out about tyranny of Paypal. He's got a LOT more to the story on what happened. Maybe he'll post about it blog it.

Realistically Paypal is a very evil company. They are a Monopoly that has been the gatekeeper of payments online for a very long time. They set fees high, they screw over sellers, and they will lock your account for the slightest of violations potentially destroying a business.

Thankfully the past years we are seeing a rise in crypto currency and it is breaking their hold. I expect Paypal to be a small percentage of their size in the next 10 years as crypto replaces their services as an unnecessary middleman.

I look forward to the fight of Epik against Paypal. May his victory be swift and complete.

I also highly recommend if you have not tried Epik as your registrar that you do so asap. Fantastic service imho.

Thank you.

 

[Samer]

Should I restrict myself to Fox news?

You got me;

You forget Fox Business

 

[TCK]

Realistically Paypal is a very evil company. They are a Monopoly that has been the gatekeeper of payments online for a very long time.

Paypal is a monopolistic in an of itself like GD.

PP and GD are not monopolies. They have a good market share because people like using them. But there are many other options for both. If you think they are evil then vote with your wallet. Stop using them. It's as simple as that. Why waste time with these threads? Is it some incomprehensible way to promote Epik?

If you want to exert your energy to attack monopolies, then go after G and FB.

Epik is made to appear like a cry-baby with these threads.

 

[Samer]

PP and GD are not monopolies. They have a good market share because people like using them. But there are many other options for both. If you think they are evil then vote with your wallet. Stop using them. It's as simple as that. Why waste time with these threads? Is it some incomprehensible way to promote Epik?

If you want to exert your energy to attack monopolies, then go after G and FB.

Epik is made to appear like a cry-baby with these threads.

Godaddy has more domains than the nsxt 10 largest competitors combined.

 

[TCK]

Godaddy has more domains than the nsxt 10 largest competitors combined.

No one is forcing people to use GD as their registrar. It is a free market.

 

[pb]

Misleading title. There are more things wrong with paypal than I can count on my fingers and toes, but in this case I'm pretty sure Epik is more in the wrong.

(disclosure: I'm using both)

 

[cabotower]

they still have paypal listed on their site. when you sell a domain what will happen when you want to exchange masterbucks through paypal?

 

[branding]

they still have paypal listed on their site. when you sell a domain what will happen when you want to exchange masterbucks through paypal?

You will not be able to withdraw to PayPal.

 

[cabotower]

is that official? has anyone been notified by Epik?

 

[Hypersot]

So, I had to accidentally stumble upon this thread to find out that Epik does not support paypal anymore... Shouldn't Epik have contacted us?

I do transactions via paypal only and it was one of the top reasons I decided to be with Epik.

btw. just checked my account and paypal is indeed gone.

 

[Way3]

I'm a man of few words... I sell software keys and lost almost $500 because of unjust paypal disputes in last 4 months. Paypal is the true evil of payment processing world. Never use them again.

Just because one is "bad" doesn't make the other "good" not to channel Spock but that's illogical.

Far as I can tell they both come with major baggage.

 

[JB Lions]

Paypal the Godaddy of Payment processors

To pick their side is just plain illogical.

They can't be that bad when the SVP of Epik is promoting them on their site. GoDaddy, Paypal, Escrow.com

 

[labrocca]

Yes they do, but most (or all) other registrars have shown a willingness to take action against hateful domains or sites.

If a company wants to have these policies for whatever reason I can respect that. But let's be clear, there is no laws broken or legal requirements that these companies must do so. Most do it for optics. And now a company like Paypal tells another company who they can do business with. I take that as a serious threat to free market when coupled with the fact that Godaddy is very likely involved in this decision. Rob will come out with more info on this.

GoDaddy and others probably take them down quietly while Epik takes the request/fight public which makes it visible to company outsiders. Probably not the smartest move

So you have no problems with a registrar labeling a site and removing it based on hurt-feelings by what it said? You do realize the government cannot do this because it infringes on our Constitutional Rights. I do understand that Godaddy is a private company but since there is no option for a government run registrar we have to rely on a private enterprise. You get rid of someone like Epik then you can kiss your freedom goodbye.

Do domainers really want to have restrictions on website hosting and registrations of domains that offends someone? I'm a bit surprised if that's true.

PP and GD are not monopolies.

Please name the other Paypal-like services which are popular and I can make just as much money taking payments with.

They have a good market share because people like using them.

No, PP has a monopoly because it merged with its biggest competitor X.com back in the 90's and then it bought Ebay. Then with Ebay it mainly forced huge usage and integration. Your best and practically only option to pay on Ebay was with Paypal. They only offered buyer/seller protection if with Paypal. They only integrated Paypal as an easy option.

Misleading title. There are more things wrong with paypal than I can count on my fingers and toes, but in this case I'm pretty sure Epik is more in the wrong.

Well, Rob hasn't announced much public yet but I spoke with him personally. He's going to fight this.

 

[s.g]

Epik has too many of these issues with too many people/companies.

What's more likely:

1. Epik is the problem.
2. All the companies and people they fight with are evil.

The simplest answer is usually the right one.

That's a tough one to answer (without knowing the details). Our first Epik experience was far from epic. Their site is full of mistakes and it looks and loads like it's 10-15 years behind. However, knowing how EXTREMELY EVIL PoorPal is, we think Epik is still epic enough.

 

[Save Breach]

1. Paypal lacks in seller defense policies.
2. Very exorbitant rates, and charges.
3. Very poor management and support. If your funds ever get stuck Paypal would provide little to no support to you as a seller to get them back. Speaking from a personal experience.
4. Very bad currency conversion rates.
5. In India they have an input GST system that deducts tax twice and makes it difficult for individuals to actually make profit after those bad currency deduction rates and the taxes to top it all. At least in India.

In this case, its not actually quite clear why Paypal took this step, since Epik clearly didn't break any rules. They say its because of Epik's Masterbucks but I think this is just to distract people from some other motive.

 

[pinkdragon]

Yes, we know. Epik is a young lady and PayPal is a rapist.

 

[lambo.com]

Ultimate move for @epik @Rob Monster is a $zec zcash z-address for all account holders. FYI.

Free, unpaid advice. You are welcome

 

[chenzen]

No, PP has a monopoly because it merged with its biggest competitor X.com back in the 90's and then it bought Ebay. Then with Ebay it mainly forced huge usage and integration. Your best and practically only option to pay on Ebay was with Paypal. They only offered buyer/seller protection if with Paypal. They only integrated Paypal as an easy option.

It was the other way around. Ebay bought PayPal.
https://www.cnet.com/news/ebay-picks-up-paypal-for-1-5-billion/
And yes, that increased the adoption of PayPal manifold.

 

[MapleDots]

Yes, we know. Epik is a young lady and PayPal is a rapist.

Not the most politically correct analogy there

 

[s.g]

I was just told off. Supposedly we should not waste time on discussing topics which don't improve our domaining knowledge (like politics, corporate-level issues and lawsuits, negative feelings against individuals and corporations, etc.). There is one exception to reading and posting stuff not related to our training and practicing domain selling/buying: positive news and humour. Once or twice a day for a few minutes only.

Fair enough. They are probably right, 80/20 principle will make us more efficient and successful in the long run. Individually and as a group.

Is there any NP thread where one could find or post things like https://www.happiest.net/28212 without having to deal with negativity, constant arguments, lawsuits, and personal/corporate/conventional politics?

 

[alcy]

https://www.coindesk.com/paypal-cut...ded-domain-registrar-hosting-right-wing-sites

Just read that.

Apparently Epik lost Paypal. It might seem like a blow to Rob's business but I lost PP years ago and went 100% crypto. Best thing actually, I no longer was under the thumb of their monopoly and never again had a reversal.

UPDATE: I just spoke with Rob for a minute. He's very excited to get the message out about tyranny of Paypal. He's got a LOT more to the story on what happened. Maybe he'll post about it blog it.

Realistically Paypal is a very evil company. They are a Monopoly that has been the gatekeeper of payments online for a very long time. They set fees high, they screw over sellers, and they will lock your account for the slightest of violations potentially destroying a business.

Thankfully the past years we are seeing a rise in crypto currency and it is breaking their hold. I expect Paypal to be a small percentage of their size in the next 10 years as crypto replaces their services as an unnecessary middleman.

Anyways, if you don't follow Rob on Twitter here is his profile:
https://twitter.com/robmonster

I look forward to the fight of Epik against Paypal. May his victory be swift and complete.

I also highly recommend if you have not tried Epik as your registrar that you do so asap. Fantastic service imho.

Thank you.

not really accurate

first PayPal just announced crypto support so none of what u said really applies... and pp just got itself an instant injection of millions new accounts for this crypto news.

second . pp has 220 and counting million users. countless transactions per day..of which we never hear cause 99.99999% go smooth as butter so there is nothing to say. the bad few always make front page and hate sites.

 

[Samer]

It was the other way around. Ebay bought PayPal.
https://www.cnet.com/news/ebay-picks-up-paypal-for-1-5-billion/
And yes, that increased the adoption of PayPal manifold.

ebay bought PayPal 2002; spun out 2015;
Today PayPal thriving stock; PYPL is almost $200 for one Paypal share

 

[eternaldomains]

I'm curious though, those who use PP and do purely domaining only (no other business), have any got their accounts destroyed?

 

[Samer]

I'm curious though, those who use PP and do purely domaining only (no other business), have any got their accounts destroyed?

Curious who doesnt use Paypal?

Hate them all you want; but they are like Google they are

 

[D Haynes]

I found out about this about an hour ago when I got an email for a failed auto-renewal. Would have been nice to have been notified previously that PP was being taken from the platform. Doesn't make much difference to me other than the inconvenience of having to put a CC on account but its poor communication to its customers.

Still it could be worse I guess. Trying to do anything on NetSol is a bloody nightmare so there's that.

 

[pinkdragon]

Not the most politically correct analogy there

I apologize, English is not my native language. I meant that others are always guilty, but Epik is not ...