Preapproved Payments

Discussion in 'Payment Processing' started by oo7ml, Feb 18, 2013.

  1. #1
    Hi, i am using PayPal PreApproved payments for my crowd funding website, where where project backers are only charged if the project is successfully backed (similar to kickstarter)

    I am worried that a high rate of payments will fail when the PayPal API tries to collect the funds when a project is successful:

    - a backer might not have any funds in their PayPal account
    - a backer might close their account once the project is succssful (to intentionally stop payment)
    - a backer might remove / cancel their preapproved payment
    - etc...

    There are a number of ways that the payment could fail which would mean that the project owner would not get the funds.

    Can anyone suggest a way of tightening or securing preapproved payments?

    Please note, that PayPal will only allow you to use PreApproved payments for a crowdfunding website.

    Please also note that project owners need to be able to receive the funds from my site. Sometimes, these funds can be as small as $10 or up to $10,000 so we need to use PayPal to pay them as there is no other automated way of getting the funds to the project owner
     
    oo7ml, Feb 18, 2013 IP
  2. Pitu

    Pitu Active Member

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    #2
    did u try moneybookers?
     
    Pitu, Feb 24, 2013 IP