Alternatives to ShareIt/MyCommerce/Digital River

[Schaum1970]

https://www.thelayoff.com/t/1v6ckGhZ

It’s done.
The new owner has plans to completely shut down operations in November, and the head of HR is lying to employees about the future of company. No severances will be available, and going bankrupt enables the owner to walk away with the money and not pay vendors OR the retention bonuses that were given to select employees.

If this is true, we're closer to (unfortunate) resolution than we thought.

Thank you, but where did you get this information?
Aren't there any journalists who are interested in this?

[zccKlompf]

Update: My PayPro account is reactivated after another video call with Meir.

[grujicd]

It's the site where people leave their experiences during layoff

https://www.thelayoff.com/digital-river

This is the newest post:

https://www.thelayoff.com/t/1v6ckGhZ

I guess more journalists will be interested after bankrupcy happens, currently it all can be denied with "contract dispute", "unfortunate delays", etc.

[grujicd]

Newest post from the thelayoff:

My sources in the finance department of Digital River unfortunately confirm this information. Bankruptcy will be announced at the end of November. The company's management is paying out multimillion-dollar bonuses and settling debts with its major clients, such as Autodesk and Adobe. All the money from small merchants using MyCommerce has long been in Latin American banks. Goodbye, Digital River.

[David2024]

Update: My PayPro account is reactivated after another video call with Meir.

Thanks for your update.

[IaES]

Update: My PayPro account is reactivated after another video call with Meir.

Did Meir say what the problem was?

[sft234]

https://www.berlinmal.de/digital-river/

The german medium Berlin Mal located in Cologne promotes Digital River in an article issued today, October 22 2024.
An unbelievable mockery against us all!

Conclusion:
Digital River is a valuable platform for companies that want to sell their products online. It offers security, ease of use and global reach. Whether you’re a small business or a large one, Digital River can make selling online easier.

https://www.berlinmal.de/ueber-uns/

[yps]

The germal medium Berlin Mal promotes Digital River in an article issued today, October 22 2024.
An unbelievable mockery against us all!

Looks like AI generated or copy/pasted content to me. Just like the entire site. Not a recognized news medium.

[R105]

Could someone from Germany, or at least from the EU, quickly file a report with the tax authorities? Reporting to the police (Economic Crimes Unit) could also be helpful. The sooner, the better.

If no report is filed with the authorities, nothing (officially) happens, and everything appears fine.

This is not about filing a lawsuit, which requires fees and legal costs, but rather submitting a report to the tax authorities informally, either via email or through an online form. Every country has a way to do this quickly and efficiently.

Suggested message for the report: We have reasonable suspicion that an organized group of individuals within Digital River is currently conducting a fraud involving multimillion amounts, with actors in multiple countries. If this fraud proceeds, it will result in (among other consequences) massive tax evasion in Germany.

Tax authorities in any country would send an inspection to verify the claims in the report. If there is any money in Germany, it will (hopefully) be frozen.

[Christian67587]

Everyone can report something in NRW:

https://formulare.polizei.nrw/en/anzeige

Even in English.

[7tltd]

Could someone from Germany, or at least from the EU, quickly file a report with the tax authorities? Reporting to the police (Economic Crimes Unit) could also be helpful. The sooner, the better.

If no report is filed with the authorities, nothing (officially) happens, and everything appears fine.

This is not about filing a lawsuit, which requires fees and legal costs, but rather submitting a report to the tax authorities informally, either via email or through an online form. Every country has a way to do this quickly and efficiently.

Suggested message for the report: We have reasonable suspicion that an organized group of individuals within Digital River is currently conducting a fraud involving multimillion amounts, with actors in multiple countries. If this fraud proceeds, it will result in (among other consequences) massive tax evasion in Germany.

Tax authorities in any country would send an inspection to verify the claims in the report. If there is any money in Germany, it will (hopefully) be frozen.

Did someone read what I wrote about 2 pages back?

[DrOli]

From my original contract with ShareIt:

(5) Upon termination of this agreement, we are authorized to withhold a reasonable portion of those licensing fees yet to be paid (Reserves) in order to cover still undetermined chargebacks and refunds. As a rule, chargebacks can occur up to six months after settlement of a transaction. The Reserve amount is therefore based on the individual average percentage value of chargebacks and refunds in relation to your total sales during a period of twelve (12) months during which products were sold in fact, whereby the last 6 months prior to receipt of the termination letter shall not be considered. The average value thus determined shall be multiplied by sales during the last six (6) months. The result shall form the amount of the Reserve, if a larger Reserve does not appear to be justified (example: 2 % [percentage value of chargebacks/refunds in 12 months] x USD 60,000 [sales during last 6 months] = USD 1,200). In the event the underlying contractual relationship is less than 12 months, we shall be authorized to withhold a lump sum of 15% of sales of the last month, unless withholding a larger Reserve amount appears justified. Subject to the following the Reserve shall generally be paid out 6 months after the termination date of the agreement, less any reverse entries made by that date. In addition, we may, in our sole discretion, withhold higher than normal Reserves, or extend the holding periods for any Reserves for up to twelve months, either temporarily or permanently, in order to reduce our reasonable apprehension of risk of loss under varying circumstances. Without limiting the generality of the above, factors which may enter into our decision include, but are not limited to (i) the average sale amount per customer transaction, (ii) the processing volume, (iii) issues or problems regarding the products being sold, (vi) or other factors that may create a risk to ShareIt!, customers, third parties, or financial institutions, including fraud, suspicious or irregular transactions, sale of illegal or potentially illegal products, sale of products that are an infringement of intellectual property rights of third parties, or excessive customer requests for refunds, excessive chargebacks or other similar customer disputes. We are in no way responsible for any losses you sustain, including claims for lost income or profits, on account of the imposition of Reserves for any reason. In the event that the Reserve does not cover all reverse entries, we are authorized to demand payment from you of any reverse entries not covered. Such payment shall then be due no later than 30 days after receipt of the payment demand.

In new contract I cannot find anything about keeping 100% of our money to cover chargebacks.

[IaES]

If companies have a dispute over an invoice - for example where one company can't be bothered to pay their debts to the other - then no actual law is being broken. It'a a civil matter. Not something the police can get involved with.

The company that wants to be paid has to sue the other through the courts. Once the court decides then police or balifs can get involved.

Basically until you sue and a court makes a decision in your favour then DR are not breaking any law and can't be stopped.

[SVAcc]

I have signed up with PayPro Global as well.
They are very responsive to my questions, all works fine so far, the shop is online an selling products.

Been using PayPro Global (PPG) since 2012 as a secondary MoR. Initially, ShareIt was the primary choice, but over time, PPG became the clear winner. The main reasons for continuing with ShareIt were its less strict fraud checks and the idea of not putting all our eggs in one basket. Ironically, it was the ShareIt basket that failed first.

[sft234]

They even acquire new merchants - this video was uploaded 10 hours ago: