Get Paid to Participate - up to $1 per post!     Twitter     Facebook
Hosting Discussion
 

forgot password?



FORUM SUPPORTERS:

Reply


Old
  Post #1 (permalink)   05-08-2018, 03:02 PM
HD Newbie
 
Join Date: Apr 2018
Posts: 16

Status: NINJA-Webhostin is offline
Anybody have any experience with taking over someone's Paypal account or transferring it to your own. I purchased a small business related to my hosting business and the previous owner wants to keep his current paypal account which everything flowed through, but of course all the payment details and recurring revenue needs to flow to my business now?
Paypal does not seem to be much help.
__________________
NINJA Webhosting :: Join our Data Dojo today!
Delivering customer success with maximum performance!
[Shared Hosting] [ Pure SSD VPS] [ Dedicated]
 
 


Old
  Post #2 (permalink)   05-09-2018, 01:15 PM
HD Wizard
 
easyhostmedia's Avatar
 
Join Date: Mar 2011
Location: Northumberland, UK
Posts: 5,538
Send a message via MSN to easyhostmedia

Status: easyhostmedia is offline
Quote:
Originally Posted by NINJA-Webhostin View Post
Anybody have any experience with taking over someone's Paypal account or transferring it to your own. I purchased a small business related to my hosting business and the previous owner wants to keep his current paypal account which everything flowed through, but of course all the payment details and recurring revenue needs to flow to my business now?
Paypal does not seem to be much help.
They wont as the paypal account is not yours and cant be transferred. you need to change the payment setting in the client management system to your own paypal account.
__________________
Terry Robertson - CEO The Easyhost Media Group
PowerSSL - - We Secure your World
The Scamlist Forum - Fighting against scammers
 
 
 


Old
  Post #3 (permalink)   05-09-2018, 02:22 PM
HD Newbie
 
Join Date: Aug 2017
Posts: 5

Status: MattC is offline
As I understand, all the clients will have to set up new PayPal subscriptions with you.

This means you may have some losses - some users may not redo their subscription, thus becoming a lost client.

Probably something that should be factored in when purchasing a company from someone else. A company may have 300 active PayPal subscriptions, but if only 50 of those reup their subscription with you then the acquisition loses some value for you.
 
 


Old
  Post #4 (permalink)   05-09-2018, 03:09 PM
HD Wizard
 
easyhostmedia's Avatar
 
Join Date: Mar 2011
Location: Northumberland, UK
Posts: 5,538
Send a message via MSN to easyhostmedia

Status: easyhostmedia is offline
The person selling their company should go through their PP account and manually cancel all subscriptions, this way no auto payments will go to them, they should also inform all their clients of their new host/provider.
You should have set up the paypal settings in your client management system to your own, so when these client pay via invoice or set up new subscription this will go into your PP account.
__________________
Terry Robertson - CEO The Easyhost Media Group
PowerSSL - - We Secure your World
The Scamlist Forum - Fighting against scammers
 
 
The Following User Says Thank You to easyhostmedia For This Useful Post:
SenseiSteve (05-09-2018)


Old
  Post #5 (permalink)   05-10-2018, 12:30 PM
HD Newbie
 
Join Date: Apr 2018
Location: Birmingham, AL
Posts: 35

Status: KnownHost is offline
Quote:
Originally Posted by easyhostmedia View Post
The person selling their company should go through their PP account and manually cancel all subscriptions, this way no auto payments will go to them, they should also inform all their clients of their new host/provider.
This right here is very important. The last thing you want is having users pay an old account, and then expect you to provide the services for free.
__________________
KnownHost® your premium managed hosting provider. Contact us today so that we can handle your hosting needs. Offering Cloud based Shared and Reseller hosting services, OpenVZ and KVM VPS product lines and a full array of Managed Dedicated Servers! Contact us today. https://www.knownhost.com
 
 
 


Old
  Post #6 (permalink)   05-11-2018, 09:37 AM
HD Community Advisor
 
SenseiSteve's Avatar
 
Join Date: Mar 2009
Location: Saint Louis
Posts: 5,158

Status: SenseiSteve is offline
Quote:
Originally Posted by KnownHost View Post
This right here is very important. The last thing you want is having users pay an old account, and then expect you to provide the services for free.
Agreed - the result is confusion and most likely lost clients forever.
__________________
Infusing Markets LLC Website Development Agency (314) 643-8271
Take Over Maintenance and New Site Creation
Specializing in WordPress | 23 Years of Hosting and Development Experience
 
 
 


Old
  Post #7 (permalink)   05-14-2018, 03:19 PM
HD Newbie
 
Join Date: Apr 2018
Posts: 16

Status: NINJA-Webhostin is offline
Thanks everyone for the feedback. I will update the route I took once it gets worked out.
__________________
NINJA Webhosting :: Join our Data Dojo today!
Delivering customer success with maximum performance!
[Shared Hosting] [ Pure SSD VPS] [ Dedicated]
 
 
 


Old
  Post #8 (permalink)   07-01-2018, 07:36 AM
HD Newbie
 
Join Date: Jun 2018
Posts: 30

Status: setrahost is offline
Quote:
Originally Posted by NINJA-Webhostin View Post
Thanks everyone for the feedback. I will update the route I took once it gets worked out.
What'd you end up doing?
 
 
 


Old
  Post #9 (permalink)   08-16-2018, 10:01 AM
HD Newbie
 
Join Date: Mar 2018
Posts: 43

Status: AlphaNine_vini is offline
You would need to announce about the acquire. You users would need to cancel the subscription at the end of the month and subscribe again on the new invoice with your Paypal account.
__________________
AlphaNine.com Premum hosting since 2000
 
 
 


Old
  Post #10 (permalink)   10-16-2018, 11:41 PM
HD Guru
 
Join Date: Mar 2013
Location: A2 HQ
Posts: 828

Status: Alex - A2 Hosting is offline
I know this thread is old but it contains some incorrect information so...

You can transfer a PayPal account as long as the new owner and previous owner is in the same country. You have to contact PayPal, show proof, sign some documents and they'll make the changes for you.

If the new owner or old owner is in a different country? Sadly the above doesn't apply and what is said in this thread does .
__________________
A2 Hosting - Our Speed, your success.
US Web Hosting - UK Web Hosting - UK VPS Hosting
 
 


Old
  Post #11 (permalink)   10-22-2018, 11:33 AM
HD Newbie
 
Join Date: Jun 2017
Location: Bulgaria
Posts: 16

Status: here-host is offline
Quote:
Originally Posted by Alex - A2 Hosting View Post
I know this thread is old but it contains some incorrect information so...

You can transfer a PayPal account as long as the new owner and previous owner is in the same country. You have to contact PayPal, show proof, sign some documents and they'll make the changes for you.

If the new owner or old owner is in a different country? Sadly the above doesn't apply and what is said in this thread does .
Agreed with Alex.
A good option is to make a big alert message to your clients (customers) in the website about the change, because there will have some missclick and big loses.
Message like:
"Dear Customer, please take a look about some important changes in the company. You must change your account settings. It will take less than 2 minutes."
 
 
 


Old
  Post #12 (permalink)   10-22-2018, 11:42 AM
HD Wizard
 
easyhostmedia's Avatar
 
Join Date: Mar 2011
Location: Northumberland, UK
Posts: 5,538
Send a message via MSN to easyhostmedia

Status: easyhostmedia is offline
Quote:
Originally Posted by here-host View Post
Agreed with Alex.
A good option is to make a big alert message to your clients (customers) in the website about the change, because there will have some missclick and big loses.
Message like:
"Dear Customer, please take a look about some important changes in the company. You must change your account settings. It will take less than 2 minutes."
And i can 100% Guarantee that 90% of clients will not read the notice and not change settings
__________________
Terry Robertson - CEO The Easyhost Media Group
PowerSSL - - We Secure your World
The Scamlist Forum - Fighting against scammers
 
 
 
Reply

Thread Tools

New Post New Post   Old Post Old Post
Posting Rules:
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
vB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Sponsored By: