Poll: Is Atomic Mall owner Mike Shannon the (OAI) World's Biggest Forum Spammer? You do not have permission to vote in this poll. |
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Hell Yeah!!! | 5 | 17.86% | |
He\'s tied with Alex Ewaey for the honors | 6 | 21.43% | |
Yes, but at least he doesn\'t drool when he posts like MoPuppet does | 17 | 60.71% | |
Total | 28 vote(s) | 100% |
* You voted for this item. | [Show Results] |
Atomic Mall's Owner Preaches the Seller to Seller Sales Doctrine
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12-28-2009, 05:36 AM,
(This post was last modified: 12-28-2009, 06:27 AM by bargainbloodhound.)
Post: #511
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Re: Atomic Mall's Owner Preaches the Seller to Seller Sales Doctrine
Xcoin Fees page Wrote:*Xcoin allocates up to 10% of Merchants monthly sales for a period of 180 days in a rolling reserve to cover charge backs and refunds for Xcoin Credit Card and Check Services Xcoin could end up costing much more than PP/GC/AP after you factor in the decrease in cash flow from a possible rolling reserve of up to 10% for business accounts Other negatives for Xcoin: a. there is absolutely nothing in their TOS that says they will fight chargebacks on behalf of sellers b. the minimum withdrawal amount for sellers in Australia and the UK is $2000 (for sellers in the US and Canada it's $25) Xcoin TOS Wrote:For USA, Canada, Hong Kong and the Philippines, the minimum amount for withdrawal is USD 25.00. Currently, Australia, United Kingdom, Singapore, Japan have a minimum amount for withdrawal of USD 2,000. A withdrawal fee of USD.50 is applied to withdrawals, (which can be accumulated received payments) for all countries. c. their recent edited to add: Xcoin used to promise 'no frozen accounts' Overstock Auctions Xcoin promo 2005 Wrote:No Frozen Accounts The policy seems to have changed to 'yes, we do freeze accounts' Xcoin TOS 2009 Wrote:Xcoin at its sole discretion, also reserves the right to restrict withdrawals from an Xcoin account for any one of the events listed below.
"Well, Jay was so giddy that someone named Jay was involved with this site we posted our first non-eBay listing in 3 years here at Lunarbid (we tried two items at Yahoo once upon a time, they bombed)" -Marie posting in a LunarBid thread at OTWA in 2005 wins the award for 'most moronic reason ever given for choosing a venue"
"thanks twat u must have nothing better 2 do. do u talk to all your members like that. will not be recomending your site. best way to put it is TULIPTOOLS.COM IS REALLY SHIT. DONT JOIN." -pubescent owner of rinky dink off2auction.com in 2011 |
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12-28-2009, 03:26 PM,
Post: #512
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Re: Atomic Mall's Owner Preaches the Seller to Seller Sales Doctrine
adding to my negatives...
d. their past which included (lack of ) customer service complaints (see the Squidoo page Sneaky linked to, or search PSU), and seller complaints about problems withdrawing funds (see http://www.ripoffreport.com/corrupt-comp...-2ywy6.htm and http://www.ripoffreport.com/internet-mar...-9c27a.htm ) . Have these problems been fixed? e. 1) stability of the company and their business model. from the CEO on Auctionbytes We stopped all of our marketing initiatives a few years ago, we rebuilt everything and repositioned ourselves." He said they just turned the service back on 4 or 5 months ago. and 2) stability of their relationships with banking partners...i.e. how stable are they, how long have the relationships been in place, etc . If you were an AlertPay member in January when one of AlertPay's processing banks abruptly closed their account you'll know why this one is important. see http://community.tuliptools.com/index.php?topic=18904.0
"Well, Jay was so giddy that someone named Jay was involved with this site we posted our first non-eBay listing in 3 years here at Lunarbid (we tried two items at Yahoo once upon a time, they bombed)" -Marie posting in a LunarBid thread at OTWA in 2005 wins the award for 'most moronic reason ever given for choosing a venue"
"thanks twat u must have nothing better 2 do. do u talk to all your members like that. will not be recomending your site. best way to put it is TULIPTOOLS.COM IS REALLY SHIT. DONT JOIN." -pubescent owner of rinky dink off2auction.com in 2011 |
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12-28-2009, 04:24 PM,
Post: #513
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Re: Atomic Mall's Owner Preaches the Seller to Seller Sales Doctrine
AM seller on PSU Wrote:Many sellers, myself included, wish to expand the choices offered to customers and have grown leery of PayPal and its ownership by eBay. For some that would be reason enough to offer XCoin as another payment choice even if they cost MORE. Freedom from economic slavery to eBay has its own psychic reward. Ancient Sneaky saying: he who lets his emotions rule his business decisions is doomed to tread water or sink. : : : : : : : :
OAI Moron Hall of Fame
<i>sell-thru is an irrelevant and illogical consideration.</i> -KaRay, owner of WP giving selling advice, 2006 <i>the site was 'NOT' hacked but the little script that had recipes on had the link altered</i> -Plunderhere Owner Mark Taylor after his site was hacked by a Chinese hacker gang, 2008 Some people have it like that, others dont. I do. -Probidscripts owner Spencer Osama Binweb Laden Ray bragging about his ability to scam the OAI without feeling any guilt, 2008. How does an auction site get buyers? -question asked at PSU by owner of auction site BidBeaver.ca, 2008 How do I get sales? -question asked at PSU by online store owner, 2009. I was told by my Tech. Support that my site dont really need SSL.. his servers are well protected and that info your providing to join aint really top secret information -owner of auction site TheTraderOutlet.com discussig his site's lack of basic security, 2009 |
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12-28-2009, 06:50 PM,
Post: #514
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Re: Atomic Mall's Owner Preaches the Seller to Seller Sales Doctrine
[quote author=sneakymagenta link=topic=18789.msg75658#msg75658 date=1262017499]
AM seller on PSU Wrote:For some that would be reason enough to offer XCoin as another payment choice even if they cost MORE insert> and your conversion rate falls because your customers are less likely to use the alternate payment method Freedom from economic slavery to eBay has its own psychic reward.[/quote] increasing your payment processing costs and promoting a payment service your customers are unfamiliar with isn't going to free you from "economic slavery". |
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12-28-2009, 09:08 PM,
Post: #515
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Re: Atomic Mall's Owner Preaches the Seller to Seller Sales Doctrine
AM seller Wrote:My question is and don't know if this applies or is the same thing but on the fees page it says 50cents for a withdrawal. https://www.xcoin.com/Fees.aspx Is that for transferring to your bank account or some other thing? Since they all ready are charging fees for processing if they charge 50 cents everytime I want to transfer some of my xcoin account money to my bank account I will pass on it since I all ready have Paypal and Google Checkout and still trying to figure out Amazon. I'm hoping its something else though. AtomicMall on the rented AM proboard forum Wrote:Yes I believe that's what it's for. When I withdraw from Paypal I usually do so in increments of $500 so the 50 cent fee would work out to 1/10 of 1%, but for smaller withdrawals it would be a higher percentage and could be prohibitive if you're talking about withdrawing $5 or $10 at a time. link: link to thread not posted because Mikey would ban the IP address of anyone who clicked on it. It's good to know that Mikey thoroughly researched Xcoin and all of its terms and conditions before offering it on his site arcasm1: It would be impossible for anyone to withdraw $5 or $10 at a time since the minimum withdrawal amount for US members is $25 and the minimum withdrawal for UK members is $2000. He obviously didn't read the terms. |
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12-29-2009, 03:35 AM,
(This post was last modified: 12-29-2009, 03:37 AM by amy.)
Post: #516
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Re: Atomic Mall's Owner Preaches the Seller to Seller Sales Doctrine
The $0.50 withdrawal fee isn't really an issue when you consider the average sales volume of some Wagglepop AtomicMall sellers cheerleaders and the likelihood that only 1 out of 100 buyers* will choose to use XCoinSpam...it could be 4 or 5 years before some AM sellers' Xcoin transaction balances reach the $25 minimum.
*the 1 out of 100 buyers estimate is based on my experience during the years I sold on eBay and offered BidPay, iKobo, PPPay, and Moneybookers as alternative payment options (in addition to PayPal and my merchant account)...1 out of 100 is being generous because the actual number who chose one of the 4 smaller alternative methods was actually closer to 1 out of every 500 buyers. Quote:1.9%-2.9% Nobody will do enough volume through Xcoin to qualify for a rate lower than 2.9%. |
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12-29-2009, 04:03 AM,
Post: #517
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Re: Atomic Mall's Owner Preaches the Seller to Seller Sales Doctrine
Quote:the likelihood that only 1 out of 100 buyers* will choose to use XCoinSpam...it could be 4 or 5 years : : : 41/16=2.56 100/2.56= 39 months=3.25 years to do 100 transactions NOT "4 or 5 years" :imptongue:
OAI Moron Hall of Fame
<i>sell-thru is an irrelevant and illogical consideration.</i> -KaRay, owner of WP giving selling advice, 2006 <i>the site was 'NOT' hacked but the little script that had recipes on had the link altered</i> -Plunderhere Owner Mark Taylor after his site was hacked by a Chinese hacker gang, 2008 Some people have it like that, others dont. I do. -Probidscripts owner Spencer Osama Binweb Laden Ray bragging about his ability to scam the OAI without feeling any guilt, 2008. How does an auction site get buyers? -question asked at PSU by owner of auction site BidBeaver.ca, 2008 How do I get sales? -question asked at PSU by online store owner, 2009. I was told by my Tech. Support that my site dont really need SSL.. his servers are well protected and that info your providing to join aint really top secret information -owner of auction site TheTraderOutlet.com discussig his site's lack of basic security, 2009 |
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12-29-2009, 04:47 AM,
Post: #518
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Re: Atomic Mall's Owner Preaches the Seller to Seller Sales Doctrine
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01-05-2010, 04:31 AM,
(This post was last modified: 01-05-2010, 04:36 AM by xwpopper.)
Post: #519
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Re: Atomic Mall's Owner Preaches the Seller to Seller Sales Doctrine
Attention Atomic Cheerleaders:
Wishing good luck doesn't always make it happen. 4 months ago: http://www.powersellersunite.com/about29461.html After 4 months, the same seller has exactly 4 transactions. http://www.atomicmall .com/feedback.php?id=10916 That sure is a shame. If he sold on a reputable non-spam site I would consider buying a few of the collectible games. These same games would be long gone on Amazon or eBay, but the rinky dinkology has taken over this seller's thoughts and plans. Maybe try a site with a bit more than 60,000 visitors for 217k listings. http://siteanalytics.compete.com/atomicmall.com/ That's only one visitor per 4 listings. Maybe try Ecrater with a 1 to 1 ratio. Or eBay with a 1.5 to 1 ratio. Or a specific niche site like dawdle.com. But Atomic Mall is the 'answer' to the folks that can't sell on all other rinky dinks.
"Listen up Mother****er. Try that bulls*** here and I will hand you and your head in a basket"
- Ray Romeo's alter ego Andrew Pittino responding when I signed up a new account on Wagglepop to verify the non-existence of a way to opt out of his sharing my information with third parties. |
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01-07-2010, 05:55 AM,
Post: #520
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Re: Atomic Mall's Owner Preaches the Seller to Seller Sales Doctrine
Twitter follower and listed stats:
Etsy 1,211,357 followers/4,039 listed NewEggMall 4,100/85 Silkfair 2,200/13 Overstock Auctions (twitter ID OAuctions): 1,307/23 Bonanzle: 1,048/40 Stootsi 606/11 Wigix: 521/4 Usiff 55/2 Plunderhere: 43/0 AtomicMall: 41/1 Pound for pound, AM has the least social buzz on the block... tolensmiley: translation of low follower and listing stats: very few know it exists and the majority of those who do know don't care
OAI Moron Hall of Fame
<i>sell-thru is an irrelevant and illogical consideration.</i> -KaRay, owner of WP giving selling advice, 2006 <i>the site was 'NOT' hacked but the little script that had recipes on had the link altered</i> -Plunderhere Owner Mark Taylor after his site was hacked by a Chinese hacker gang, 2008 Some people have it like that, others dont. I do. -Probidscripts owner Spencer Osama Binweb Laden Ray bragging about his ability to scam the OAI without feeling any guilt, 2008. How does an auction site get buyers? -question asked at PSU by owner of auction site BidBeaver.ca, 2008 How do I get sales? -question asked at PSU by online store owner, 2009. I was told by my Tech. Support that my site dont really need SSL.. his servers are well protected and that info your providing to join aint really top secret information -owner of auction site TheTraderOutlet.com discussig his site's lack of basic security, 2009 |
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