Rapidgator Discussion thread
- Thread starter ynj
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This move was inevitable since scammers and fraudsters would get a premium membership from their own links and they would wait for Sunday to get their payout set. Once payout amount is set they would cash out in 4 days and then launch chargebacks with their credit card companies. Too many chargebacks creates a bad impression on your payment gateway and they might even suspend your business payments. RG did the right thing but they should reduce to hold period to something like 14 or 15days. They can set payouts on 2 specific dates of a month or they can set the payout amount on Sunday and make the payment next Sunday which gives them 14days to check for fraud which in my opinion is enough.
this is pretty normal and at some point happens to every popular host, anyone remembers when uploaded put Brazil in golden group and the amount of fraud from Br uploader where so high that in order to deter these ppl UL.to put them back in Bronze group and vioal all of the cheater were gone when profit sank ! Fraud tranactions are very normal but at some point if the number grows large bank will penalize the businesses !
anyway if you are gonna go with increasing the hold days atleast do it like other host.
like every sale automatically goess on hold for like 20 days and after the 20 days the amount changes to withdrawable , and also add a manual payment request option. After the whole withdrawable amount keeps buildling up and user feels like requesting payment they will manually request withdrawable amount and you pay like in 2 days since all this money has already gone through hold period !alot of others do this. big example is Turbobit (although they have really long hold period) and etcc . you better try to negotiate with your bank and decrease the hold period and then implement this system like all others.
you fast payment period was bound to be abused as it always will by opportunists !
anyway if you are gonna go with increasing the hold days atleast do it like other host.
like every sale automatically goess on hold for like 20 days and after the 20 days the amount changes to withdrawable , and also add a manual payment request option. After the whole withdrawable amount keeps buildling up and user feels like requesting payment they will manually request withdrawable amount and you pay like in 2 days since all this money has already gone through hold period !alot of others do this. big example is Turbobit (although they have really long hold period) and etcc . you better try to negotiate with your bank and decrease the hold period and then implement this system like all others.
you fast payment period was bound to be abused as it always will by opportunists !
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Thats all bullshit, there are tons of ways you can accept credit card payments and still be able to payout partners on time. Banks will simply process a chargeback if a merchant doesn't respond to the dispute in the allotted time. But RapidGator needs even weeks to reply to a stupid simple support question, so anyone still wondering here?
There is so much they could to do reduce chargebacks i just don´t know where to start with... But you know what, thats not what they want. They don´t want to make a reliable and working business that makes customers and partners happy.
So a first start would be closing affiliate accounts leading into too much fraudulent traffic. Furthermore product prices or even affiliate commission rates so that there is always a security reserve you can make use of in worth case. Don´t use this security reverse to buy fancy things. Instead pay your affiliates making your business grow by driving new customers
If you not able to do so Rapidgator, i am available for freelance work lol. I can help you with it to make everything run smooth and on time. Just send me a message...
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I'm totaly agree with you, RG is the only one who use a rebill system based on files!
A user may buy a premuim account for a file that i shared, but he will renew his account because i'm sharing a lot of others files
and not for the one that generated the sale in first place.
Dear Partners,
Recently we have discovered high amount of fraudent transaction which been processed via our merchant gateway.
We decided to change hold from 4 days to 32 days. Next payout will be done on 14-08-2014.
Unfortunately we are forced for this measures by credit card institutions in order to adapt our affiliate program and payouts procedures and in order to make sure this will not happen again in the future.
This have to prevent us from getting further fines from Visa and Mastercard.
We hope for you understanding and for continue of our cooperation.
Kind regards,
Rapidgator.net Administration.
FUCK YEAH & JUST WHEN I TOUGHT THIS DAY COULDN'T BE MORE WORSE
Recently we have discovered high amount of fraudent transaction which been processed via our merchant gateway.
We decided to change hold from 4 days to 32 days. Next payout will be done on 14-08-2014.
Unfortunately we are forced for this measures by credit card institutions in order to adapt our affiliate program and payouts procedures and in order to make sure this will not happen again in the future.
This have to prevent us from getting further fines from Visa and Mastercard.
We hope for you understanding and for continue of our cooperation.
Kind regards,
Rapidgator.net Administration.
FUCK YEAH & JUST WHEN I TOUGHT THIS DAY COULDN'T BE MORE WORSE
RG has spoken; the question is, what are we going to do about it. We can either complain to each other or let them know we don't appreciate what they did. We may not be able to get them to reverse their decision but we can at least get them to modify it. It has happened before; they even reversed themselves in one instance.
Here is my suggestion: we each write a one sentence, or two or three sentence statement asking them to modify the time limit for funds to be made available. A two to three week delay is what I have in mind. You may have a different time frame, but whatever it is we've got to let them know instead of shouting expletives at them on this board or at each other. Something like this,
"We do understand your need to change the hold from 4 days to 32 days. But please do understand that the suddenness of this announcement have placed some of us in great great peril and distress. We plead that you make payment on this week's earnings and consider a 14-21 hold for future earnings. The first will reduce our stress and the second will certainly meet your need to reduce fraud."
In any case something like that is what I am considering sending in a few hours, pending suggestions from wiser minds here.
Here is my suggestion: we each write a one sentence, or two or three sentence statement asking them to modify the time limit for funds to be made available. A two to three week delay is what I have in mind. You may have a different time frame, but whatever it is we've got to let them know instead of shouting expletives at them on this board or at each other. Something like this,
"We do understand your need to change the hold from 4 days to 32 days. But please do understand that the suddenness of this announcement have placed some of us in great great peril and distress. We plead that you make payment on this week's earnings and consider a 14-21 hold for future earnings. The first will reduce our stress and the second will certainly meet your need to reduce fraud."
In any case something like that is what I am considering sending in a few hours, pending suggestions from wiser minds here.
Well you have no idea about how filehosts are victimized with Credit Card frauds. Closing accounts with fraudulent traffic wont ease anything since most of them are carders behind vpns or proxies and are able to create multiple accounts. Large volume of chargebacks indicate that you are running a high risk business which might lead to your payment processor either imposing penalties or shutting you down. Visa and MC impose strict guidelines on their acquiring institutions that mandate certain actions if chargebacks exceed certain thresholds.
RG already has a reliable and working business model and in order to remain afloat in the future these steps needed to be taken. They are not here to compensate their losses using their profit but they are here to make money just like you are.
"If you not able to do so Rapidgator, i am available for freelance work lol. I can help you with it to make everything run smooth and on time. Just send me a message..."
LOL! You dont have any idea how the chargeback process works or what are the associated risks and you are expecting them to hire you for managing their problems!
Get your facts straight before cooking new bullshit and serving it here!
Dabblers like YOU can only see their own problems... meh...
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Sure only payment of last week
From now they hold 32 days
And if they don't change we must change to other hosting, can't believe them when they keep our money for long time, if they go down, we'll lost a month
But now, can't find any hosting better, K2S pay after 15 days but they cheat like RG...