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still there for me?
https://www.pinkbike.com/forum/listcomments/?threadid=211801&pagenum=87#commentid6741475
How does the paypal refund/buyer protection work?
Presumably when payments are received through paypal, the vendor is able to withdraw those funds from their paypal account.
So, paypals buyer protection means that the funds come from paypals coffers?
Is paypal now a creditor?
Rather than a handful of individuals, are Sick now opening themselves up to being chased by Paypal for this money? Presumably more ability and motivation for a multinational finance company to establish a fraud/illegal trading case and chase the directors personally than it would be for a few consumers.
Back to Kickstarter though with Dashbot. 3600 backers with $265k of vaporcash and no legal fallout for their directors.
I'm interested to know where the sleipner money went...
Presumably when payments are received through paypal, the vendor is able to withdraw those funds from their paypal account.
So, paypals buyer protection means that the funds come from paypals coffers?
Credit card companies don't actually hand over any cash to the supplier until a time period has passed, it can be 90 days or more for a new trader. So when a cc company refunds its usually just giving you the money back that they haven't yet paid the supplier.
I presume PayPal works the same as a cc company, can't see them taking on the risk of a flaky supplier.
Edit : looks like PayPal hold onto a percentage of th cash in case they have to give refunds, see here. I wonder how big sicks reserve was?
https://www.paypal.com/uk/smarthelp/article/what-are-paypal -'reserves'-faq2371
when paypal get reports of dodgy activity etc they're quick to lock the account. so if these sick clowns hadn't taken the money out yet the account would be frozen, and subsequent orders would also be frozen. this would also kill their cashflow / ability to pay for frames.
there's no way their paypal isn't in this state now. is this the only way they took payments?
I thought they had moved away from PayPal a few months back.
I thought they had moved away from PayPal a few months back.
Yup, they've moved to G Pay
I'm suprised any payment gateway provider has accepted them baesd on what the internet says.
Hint's at accounts not being as bad the the internet makes you belive.
Yup, they’ve moved to G Pay
Which I imagine doesn't have the same level of buyer protection...
how is that a hint at good accounts? they've hopped because they've burned a bridge. a new payment processor just helps them cream more money off of their victims before they make their getaway.
it hints at instability.
how is that a hint at good accounts? they’ve hopped because they’ve burned a bridge. a new payment processor just helps them cream more money off of their victims before they make their getaway.
it hints at instability.
Have you ever tried to apply for a payment gateway account?
When we did it they took everything into consideration and was a pretty drawn out process. They don't just hand them out.
Easy to apply, but difficult to pass.
Not arguing that it doesn't look bad. I agree.
when paypal get reports of dodgy activity etc they’re quick to lock the account. so if these sick clowns hadn’t taken the money out yet the account would be frozen, and subsequent orders would also be frozen. this would also kill their cashflow / ability to pay for frames.
So...
Possible explanation - people order. Bikes take longer than anticipated due to shocking things like not getting manufactured/delivered instantly by unicorns, pre payment. People start getting fed up waiting and demand refunds. Paypal locks funds. Now even if more people pre-order, sick can't pay their suppliers. Suppliers demand payment prior to dispatch. Sick have the cash in Paypal, but can't give it to the supplier as it's locked.
If that was the case they'd be loudly blaming PP for the mess they are in, I'm certain.
Nuffink to do wiv me , guv.
It was like that when I got 'ere.
That I doubt PP. You probably threw some banana skins down or something
PJ, what about the Indiegogo cash .. no PayPal interference there.
PerchyPanther is Donkey Kong??
More like Wonkey Dong, amirite?
what about the Indiegogo cash
What is Indiegogo cash?
Accounts will be due soon for public perusal ,will show coke and prostitutes as expenditure no doubt.
More like Wonkey Dong, amirite?
Bloody EU, oppressing me with their rules.
Money raised through indiegogo that they would have recieved into their bank.
Sorry, use of the word cash was perhaps misleading.
how many different routes for payment have these guys had then?
indiegogo (crowdfunding) (which end customer could poss have used paypal for)
paypal
gpay (google pay)
wouldnt shock me if these guys paid themselves an executive salary for their awesome company.
you know what this reminds me of? a few years ago skateboarding went through a big DIY company phase. every wannabe kid his dog had a "t-shirt company" with their own logo on, did limited runs and sold them to their mum/mates and if the local shop was clueless there too (hopefully on sale-or-return). a bit later people cottoned on that the companies that made decks for the big dogs would do short runs too so some of them jumped straight to that. they undercut brands that gave back to the scene and community. it diluted the industry and killed and/or respawned a generation of the national brands. the little ones never went anywhere because there wasn't big enough market for them. this seems like that on a bigger scale - but with bigger money at stake thats gone out of control.
Judging by the comments on Indiegogo they haven't been sending out all of the perk items either...
Seems there been a recent update on indiegogo (well, more recent than insta anyway... 27/5)
I goofed
I had the sudden realisation that you are not all on the same mailing list, so I am updating here too.I'm sure you have seen the "fun" that is going on over at Sick HQ at the moment. Let me start off by saying that we are not going anywhere, and this actually doesn't affect your pledges at all. Those are separate pots of funds, and separate project managers.
We have moved to a large manufacturer who has just started tooling ready for building, there are a couple of minor changes to the frame, but only improvements, will get you all some piccies of the designs in the next update. A lot of the smaller things should have filtered out too - I understand there are a few smaller pieces outstanding; I'm currently chasing suppliers for this now. I'll update you all here as the mailing lists aren't hitting the spot in terms of reach.
Thank you for your continued support in these difficult times for us, and thank you for those who have sent well-wishes on too.
Together we can do this.Sick x
Never heard any of that before...
I’m no doubt going to get in trouble for this but I call..
Judging by the comments on Indiegogo they haven’t been sending out all of the perk items either…
Sudden realization Jordan isn't on the same planet.
separate project managers
Project managers, eh?
Project managers- probably like Two Ronnies sketches where they were dressed in different costumes on left & right side to play 2 separate characters each.
I’ll update you all here as the mailing lists aren’t hitting the spot in terms of reach.
So no one is buying your bikes or reading your bolleaux words any more...?
Funny that.
Those are separate pots of funds, and [b]separate project managers.[/b]
Oh ffs. They really are just little boys putting on daddy’s suit and pretending to be Mr Bigshot CEO of Bigbusiness.com aren’t they 🙄
F me really?!
Oh leave off you haters. So the separate project managers bit is taking the piss but they do have separate pots of funds. Tim has £127 cold hard cash and Jordan has £15 in used fivers, £4.11 in loose change, 12 Pokemon cards (4 rares) and half a packet of chewits which have gone a bit soft from being in his pocket while he was climbing trees scrumping apples.
So which bikes are the new large manufacturer making?
Which ones are coming from China (or have they landed yet?) and is Frank The Welder making the Gnarpoons? And what frames did Marino make? I’m confused, we need a spreadsheet.
half a packet of chewits which have gone a bit soft from being in his pocket while he was climbing trees scrumping apples.
Art.
I’m assuming we’re onto an African frame builder now? Running out of continents!
Mashr - Project Manager (but not for Sick 🙁)
I’m assuming we’re onto an African frame builder now?
"Dear Friend,
As a representative of the LORD Jordan OF WORTHING I am able to approach you for your valuable assistance to onshore quantity TWENTY (BRITISH) Gnarcissist frames that are surplus to requirements from the Royal COURT of Nigeria.
If you can provide me with your bank account details WITH HASTE i will be able to include you in the first release of THIS VALUABLE PRODUCT!!!!
In friendship,
George Agdgdgwngo
Transhipment Specialist
Sick! Bicycle Company"
Wow nearly as many haters as customers.
Watch this space for a second coming.
I could go a chewit right now....
"this actually doesn’t affect your pledges at all. Those are separate pots of funds"
So which bikes are the new large manufacturer making?
Sleipnirs (6 of them to fulfill pledges)Which ones are coming from China (or have they landed yet?)
*Taiwan, Sesh & Shrike (unknown but doubtful, as IIRC sick say they still need painting)and is Frank The Welder making the Gnarpoons?
Apparently so, haven’t heard anything from either side saying he isn’t. That’s 4 frames to fulfill indiegogo pledges, plus ‘stock’.And what frames did Marino make?
Mostly wulf and wulf AMs but a couple of Deathwish’s
I *think*. Happy to be corrected.
Watch this space for a second coming.
Astroturfer 2 - The Second Coming
12 Pokemon cards (4 rares) and half a packet of chewits which have gone a bit soft from being in his pocket while he was climbing trees scrumping apples.
*Doffs cap*
[img] 
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‘Update’ on the gnarpoon, from the same time as the Sleipnir. Might sound familiar.
I goofed
I had the sudden realisation that you are not all on the same mailing list, so I am updating here too.I'm sure you have seen the "fun" that is going on over at Sick HQ at the moment. Let me start off by saying that we are not going anywhere, and this actually doesn't affect your pledges at all. Those are separate pots of funds, and separate project managers.
Frank has now moved to his new location and is starting on the bikes as I type.
Everyone should have got the disgustingly brilliant stems by now and a lot of the smaller things should have filtered out too - I understand there are a few smaller pieces outstanding; I'm currently chasing suppliers for this now. I'll update you all here as the mailing lists aren't hitting the spot in terms of reach.Thank you for your continued support in these difficult times for us, and thank you for those who have sent well-wishes on too.
Together we can do this still.Sick x
No wonder they’re skint, paying all those PMs...
Oh and the delivery date for those frames that Frank is ‘starting as I type’ was March. That update is a week old.