This is an information thread about the new upcoming G2A update which goes into effect on the 1st of November 2018.
G2A will no longer take Paypal payments via their own Paypal account anymore. Instead they will serve as a gateway and setup company that helps smooth transactions via Paypal. This will require every business to link their official Paypal account to G2A. They will scan the Paypal account prior to acceptance to see if it's a business Paypal account related to the actual business. Furthermore there will be a full KYC scan of the entire website before any new admissions are made.
I can see this forming a lot of problems for businesses who are firmly relying on G2A to accept their Paypal payments. Not only that but i know a lot of businesses who got their Paypal account locked or frozen (especially in the USA or Canada).
Curious to see how this will play out in the long run and which further updates G2A will make. I can see them tackling creditcard fraud hard someway in the nearby future.
EDIT : One of my (now) good friends who works at G2A has told me that they will indeed combat creditcard fraud in the first half of the year 2019. They will only allow businesses to accept creditcard payments who are in a specific market range. The market ranges allowed to take creditcard payments will be game keys, codes, and so forth. They will disallow all form of creditcard payments for sites who sell virtual game items as it's way harder to track if product has actually been delivered or not.
EDIT 2 : As of the 1st of November, actual payouts via Paypal will also not be possible anymore. G2A Pay will only offer payouts via Bitcoin, Skrill en SEPA Bank.
G2A will no longer take Paypal payments via their own Paypal account anymore. Instead they will serve as a gateway and setup company that helps smooth transactions via Paypal. This will require every business to link their official Paypal account to G2A. They will scan the Paypal account prior to acceptance to see if it's a business Paypal account related to the actual business. Furthermore there will be a full KYC scan of the entire website before any new admissions are made.
I can see this forming a lot of problems for businesses who are firmly relying on G2A to accept their Paypal payments. Not only that but i know a lot of businesses who got their Paypal account locked or frozen (especially in the USA or Canada).
Curious to see how this will play out in the long run and which further updates G2A will make. I can see them tackling creditcard fraud hard someway in the nearby future.
EDIT : One of my (now) good friends who works at G2A has told me that they will indeed combat creditcard fraud in the first half of the year 2019. They will only allow businesses to accept creditcard payments who are in a specific market range. The market ranges allowed to take creditcard payments will be game keys, codes, and so forth. They will disallow all form of creditcard payments for sites who sell virtual game items as it's way harder to track if product has actually been delivered or not.
EDIT 2 : As of the 1st of November, actual payouts via Paypal will also not be possible anymore. G2A Pay will only offer payouts via Bitcoin, Skrill en SEPA Bank.
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