Alternatives to ShareIt/MyCommerce/Digital River

[ChrisG_33_JB]

Would people be interested in joining a (private invite-only) Slack group as a location to

I am interested, too, please send me a PM with details.

[sjm]

<stuff>

I don't want to derail this thread any further - I'm only following this because having worked in the payments industry I understand the complex issues that those affected by DR are facing. I'm not personally affected, it's just professional curiosity on my part.

Online commerce is a very challenging industry. These MOR providers exist for a reason - they provide a service that businesses need. For businesses of a certain size, the overheads that they would incur from dealing with these issues *themselves* is high enough that they outsource this to someone else. Setting up a website to accept payments is the easy part. The challenges are with the bureaucracy, different legislation in different jurisdictions, the various compliance challenges you need to meet in order to accept credit card payments etc. etc. I can tell you that you are woefully misinformed about pretty much everything you posted.

But that doesn't really matter. This isn't what this thread is about. It isn't a thread for educating people on the challenges of cross-border commerce. And it most definitely isn't the thread for you to solicit business in. It's a thread for those affected by a specific issue that threatens their businesses to come together and try and find solutions. Derailing that thread while people face what could be a threat to their livelihood is simply out of place.

We should all be able to respect that. If you want to argue about payment services and cross-border payments, create a thread for it. Or even better, just let it go. There's nothing to be gained from it anyway. But the short version is: yps is right, and knows their stuff.

[samlee1024]

Would people be interested in joining a (private invite-only) Slack group as a location to

Sounds good. Maybe you like to invite everyone with a PM.

Thanks Christian,
I private messaged you with the link to join. I don't know how to invite everyone with a PM..
If you wish to do it, please do so.

If we get traction, I'll upgrade this to a Pro plan so information is permanent (i.e. doesn't get deleted after some time).

My concern with keeping it private is that I want to keep the information hidden from DR/MyCommerce..

[sjm]

I don't know how to invite everyone with a PM..

I believe you need a certain number of posts before you can send PMs.

[7tltd]

I noticed one company I use software from still selling through MyCommerce (ShareIt purchase links) and asked them about receiving payments from MyCommerce and they told they have so far received all payments from MyCommerce, but with 2 month delay. Go figure.

How much? 3 Euro fünfzig?

[sft234]

Still no October period statement - that's crazy

[Gh65b]

We should take into account that they have announced a developer freeze until the beginning of January, perhaps they are working on the backend systems with a few remaining developers in order to be able to map the whole new process. This in turn has an impact on the fact that only fragments of reports and evaluations are generated. The whole construct seems to be on its last legs. In the meantime, questions that come in via the support center are billed at a nice $185/hour

[IaES]

. . .
. . .
Take another example. Gumroad.
. . .
. . .
Do you think Gumroad has a "proper tax registration" in every country? Ok, I challenge you. I picked a random EU country. Find me a Gumroad "proper tax registration" in Slovenia

Gumroad are not (usually) a merchant of record. If you sell via Gumroad then you are the seller and Gumroad simply process the payment. It is up to you to handle any taxes.

section from Gumroad's contract.

Except to the extent specifically agreed by Gumroad, you are solely responsible for the proper administration, collection and reporting and remittance to the appropriate authority of all applicable taxes. If you are unsure as to your tax responsibilities then we strongly urge you to consult your own tax advisers.

However according to Gumroad's T&Cs, they can, if agreed in advance, be the seller of the products in which case they will process/collect taxes and submit (in their words) "to the relevant authority".

See section 7 of Gumroad's T&Cs

[sft234]

We should take into account that they have announced a developer freeze until the beginning of January, perhaps they are working on the backend systems with a few remaining developers in order to be able to map the whole new process. This in turn has an impact on the fact that only fragments of reports and evaluations are generated. The whole construct seems to be on its last legs. In the meantime, questions that come in via the support center are billed at a nice $185/hour

The grotesque part ist that they're chraging support hours for the treatment of their own faults

[IaES]

On 'Companies House' (The UK register of companies) it shows that since Nov 27. 2024 that guy Kassoff is No longer a "Person with significant control" (I assume he controls some other entity that, in a round about way does have control but this change does show that somebody is still managing things in DR and ensuring the register is kept up to date with whatever it is they're planning)

But it also looks like there's a new change to "Charges" in the register. The "Charges" wording usually means they've very recently extended their loans or had new loans allowing them to continue trading. It's unlikely that they'd manage to get new financing if they were bust seeing as how the financing company takes charge of assets as collateral.

That's DR UK. No idea what the german register says about the GmbH

[Astronomous]

Beware of phishing e-mail related to MyCommerce KYC. This is a scam, don't click on the "Click here to proceed" button.

I got today message with subject "Ticket04-12-2024" and part of the content reads:

"We require all users to complete verification in order to comply with KYC regulations.
This must be done before 6 december 2024 00:00.
As a regulated financial company, we are required to verify all users on our platform.
What if I don't complete the verification?
If you do not complete KYC verification before the due date, restrictions may be applied.

Click here to proceed

Best regard
This is an automated message, so please do not reply."

[quikquak]

Beware of phishing e-mail related to MyCommerce KYC. This is a scam, don't click on the "Click here to proceed" button.

I got today message with subject "Ticket04-12-2024" and part of the content reads:

"We require all users to complete verification in order to comply with KYC regulations.
This must be done before 6 december 2024 00:00.
As a regulated financial company, we are required to verify all users on our platform.
What if I don't complete the verification?
If you do not complete KYC verification before the due date, restrictions may be applied.

Click here to proceed

Best regard
This is an automated message, so please do not reply."

WTF - That's sad and pretty clever. You should report the email to DR, so they can invoice you for finding it!

[microserver]

Did anyone get September payment? I am not yet. Only July and August.

[kvrsof]

On 'Companies House' (The UK register of companies) it shows that since Nov 27. 2024 that guy Kassoff is No longer a "Person with significant control" (I assume he controls some other entity that, in a round about way does have control but this change does show that somebody is still managing things in DR and ensuring the register is kept up to date with whatever it is they're planning)

DIGITAL RIVER UK LIMITED

19.07.2024. Barry Kasoff took control. Digital River Ireland Limited went out.
24.07.2024. Tmf Corporate Administration Services Limited became corporate secretary.
26.11.2024. Barry Kasoff went out. Digital River Uk Holdings Ii Ltd took control.

Seems that Barry has done the job that he was brought to do. TMF Group was assisting during this period. Someone (thelayoffs) mentioned end of November as important date so above seems to confirm that.

[sft234]

Barry Knastoff is the mafia leader of Digital Robber.
He's got many certificates for cheating and stealing money. He's the best.