Can anyone comment on the conversion rate of PayPal vs Gumroad? Are customers more comfortable with PayPal vs inputting their card directly on Gumroad, or vice versa?
How I Made $6,000 in 7 Days with my Ebook
21–30 of 36 posts
Re: How I Made $6,000 in 7 Days with my Ebook
#22Earlier quoted context omitted.
Informing them in this instance does seem more like the situation where you tell your bank your traveling overseas between X and Y. It's reasonable to assume a flood of cash would be enough to set off various alarms. It is a shame you have to be so wary of PayPal, but in this case it did lead them to do what would be the right thing no matter what you were using to cover payment processing.
Calling them it's not a big deal, but they could make it clear. If you email their support you'll get these long and vague emails. I've learned my lesson: if I need anything from PayPal I'll call them presto. Once I was accessing PayPal while using a VPN (I was on a public wifi) and they blocked my account. I called them and the matter was solved very efficiently in seconds. But, how on earth would I know that my acc…
I don't think anyone would say the way PayPal handles things is the right way, including the clarity of their communications. I just saw the story highlighting that you probably should have a better relationship with your financial institutions in general.
In this case the fear of dealing with PayPal lead the author of the link to do what would have been the right thing no matter who they were dealing with.
Re: How I Made $6,000 in 7 Days with my Ebook
#23Nice to see the results of your previous post! > I was so afraid that PayPal would freeze my account that I called to let them know that I was going to sell a book and that I might have a few sales. You know something's wrong when your customers are fearing you. Seriously, how did PayPal end up like this?
To be fair, if you were going to suddenly deposit a ton of money to your bank, or make a ton more money this year than last, you might call up your bank or accountant beforehand. It's perfectly reasonable.
Why would I?
Re: How I Made $6,000 in 7 Days with my Ebook
#24Honestly the posts with the format "How I made this much money in a ridiculously small time-frame with my low-price-product/service" CAN be a bit off-putting to the reader who is not familiar with this kind of posts. I have already read quite a lot of those and still whenever one of them pops up on my news feed I still get the feeling that the writer comes out as a cheater rather than a marketing genius.
Re: How I Made $6,000 in 7 Days with my Ebook
#25Honestly the posts with the format "How I made this much money in a ridiculously small time-frame with my low-price-product/service" CAN be a bit off-putting to the reader who is not familiar with this kind of posts. I have already read quite a lot of those and still whenever one of them pops up on my news feed I still get the feeling that the writer comes out as a cheater rather than a marketing genius.
I sometimes get the same feeling, but at the same time, they obviously convert readers. (Otherwise they wouldn't be so common.)
Re: How I Made $6,000 in 7 Days with my Ebook
#26Honestly the posts with the format "How I made this much money in a ridiculously small time-frame with my low-price-product/service" CAN be a bit off-putting to the reader who is not familiar with this kind of posts. I have already read quite a lot of those and still whenever one of them pops up on my news feed I still get the feeling that the writer comes out as a cheater rather than a marketing genius.
A cheater? What, did he break the rules of the Capitalism Game?
Casting aspersions like this is in very poor taste. You can't even question his actual actions — instead, you just feel like the author is a cheater. This is not reasonable discussion; it's slander, and it is hostile to the purpose of Hacker News.
Re: How I Made $6,000 in 7 Days with my Ebook
#27Hacker News promotion does not seem like a repeatable marketing strategy.
Re: How I Made $6,000 in 7 Days with my Ebook
#28Nice to see the results of your previous post! > I was so afraid that PayPal would freeze my account that I called to let them know that I was going to sell a book and that I might have a few sales. You know something's wrong when your customers are fearing you. Seriously, how did PayPal end up like this?
Good question. I guess the only reason I didn't ditch PayPal before was that in the past Gumroad would deposit your money in your PayPal account (i.e. you'd need PayPal anyway). Now that Gumroad deposits directly to your bank account, I'm looking forward to move to a Gumroad-only solution,
I was wondering about that. Why would you switch to Gumroad if most of your buyers seem to want to use PayPal?
Re: How I Made $6,000 in 7 Days with my Ebook
#29Earlier quoted context omitted.
To be fair, if you were going to suddenly deposit a ton of money to your bank, or make a ton more money this year than last, you might call up your bank or accountant beforehand. It's perfectly reasonable.
Why would I?
In order to inform them of the fact that an unusual rise in activity and balance is expected and to give legitimacy to it by explaining a reason. This can help prevent some of the automated (or non-automated) fraud detection that can go into place in such situations, ensuring you have access to the contents of that account as quickly as possible.
Re: How I Made $6,000 in 7 Days with my Ebook
#30Earlier quoted context omitted.
Good question. I guess the only reason I didn't ditch PayPal before was that in the past Gumroad would deposit your money in your PayPal account (i.e. you'd need PayPal anyway). Now that Gumroad deposits directly to your bank account, I'm looking forward to move to a Gumroad-only solution,
I was wondering about that. Why would you switch to Gumroad if most of your buyers seem to want to use PayPal?
Good point. Also, someone reminded me that many people may not have a credit card, so I guess I'll keep both.