PayPal just blocked my account I don't want this channel to be all about my
successes I really just want to show you guys the ups and downs that I
experienced along with the Shopify journey and today today has been the
worst day ever like I had two big issues the first thing that I've lost my
accountant and the second thing is that PayPal blocked my account let's first
talk about the accountant thing so my parents they have a Chinese restaurant
and they have an accountant and I've talked about him about the drop shipping
model and he wanted to be my accountant but at first he told me that I don't
have to pay the 80 but later he did more research and what he actually found out
is that I have to pay v80 that the drop shipping model in the Czech Republic
where I live drop shipping it's considered as a like sa service as I
like it's a service like a middleman because you don't hold an inventory and
I'm not selling because I'm not selling to the Czech Republic and I don't hold
inventory in the Czech Republic it is not considered as selling goods and it's
considered as like a service and for that he told me that that I have to pay
v80 and he also told me that like the structuring model is very complicated
like accounting advice and that he cannot be my accountant so I lost my
accountant and yeah like the way that I'm gonna solve this issue is like I
just got on the phone and I just started calling like every like every tax
advisor and accounting firm like that I could like in my car in my city and yeah
I found one and tomorrow I'm gonna have my first meeting and let's see what they
are gonna tell me there's two there's two solutions the first one is to keep
my company here and just pay the 80 and also like very high accounting fees
because it's complicated for them or the second option is to migrate my my store
to to a L see in the United States because when
you have comment in the United States I don't think that you have to pay v80 so
there are two ways to solve this issue and I'm gonna talk to my tax advisor
tomorrow to figure out what I can do so the second thing that happened is PayPal
blocked my account I'm gonna show you I'm gonna show you a screenshot here and
yeah so what happened is I have done twenty thousand dollars in revenue in
like the last I don't know what forty five days I'm gonna show screenshot here
and because I'm doing volume I think they needed to review my account so yeah
so they blocked my account and they're requesting like all the documents like
ID like proof of address and like some other questions so I've submitted those
documents but the review process it takes like 72 hours and yeah I called
PayPal like if they can review it now but they told me that support they
cannot do that and that it's going to like some senior management and they do
the reviews and that it takes up to 72 hours so while they're reviewing my
account my paper my PayPal account I cannot send payments I cannot process
refunds like the only thing I can do is accept payments but I cannot pay for
them today has been really rough I've been dealing with a lot of like business
issues I haven't had time to work on mice or on scaling mice or that is kind
of frustrating that I have to deal with a lot of stuff like that so yeah I like
the time is the time is ticking and I'm not sure if I can hit five thousand
dollars per day like till the end like till the end of my second month because
of those issues because of the vit thing I might have to scale down my ad spend
because I need to figure out like the VA key things the big lesson in the
is that you like as a business owner you need to you need to solve issues you
need to solve problems on a constant on on a constant basis so what separates
successful people from unsex upon successful ones is that the successful
people they just solve problems and they just go through obstacles and they solve
everything and they just they just keep they just persist and keep working but
people who don't succeed they just give up like when issues come they just give
up when their store is not making sales they give up when PayPal blocks their
account they just give up so the lesson in this is like when your business gets
hard you're frustrated the one thing that you need to do is you need to
persist you need to just think and work on figuring out how to solve issues and
problems and this is the only way is you can move forward it has been very
stressful since I have only one payment provider like strive is not supported in
my country authorize.net denied my application so I've only PayPal it's the
only way to accept payments and dad having like having bad blood is like
very stressful my facebook manager like my business manager it's also may be at
risk because of the payment not going through so yeah guys like drop shipping
is like any other business it has its risks and rewards like the rewards what
I really like about it is that you can scale it pretty fast and also that it's
location independent but the risk is it's like payment providers shutting you
down like PayPal or stripe and the other thing is also Facebook like Facebook
business manager block your ad account or they can block your whole business
manager and also Shopify can also shut you down so yeah guys understand that
Shopify dropshipping it's like not the best business model like it's not the
business model that you can start with like five hundred dollars
you need more like I recommend at least three to five thousand dollars to start
a Shopify drop shipping store so yeah guys this is not like all the rainbows
and everything yeah you you got a like you will have problems you will have
very horrible days you know like me so yeah be prepared for those days and yeah
just keep just keep hustling