NanoTech Entertainment Inc (NTEK)

[Nikodemos]

MORE POOR DD (sorry). Here are the PayPal FACTS:

NTEK has used PayPal and Stripe for online credit card processing as
THOUSANDS of online stores do & has been using PayPal for over 5 years!! The claim that this is somehow a problem is HILARIOUSLY
RIDICULOUS at best: Nobody clears directly with Visa and Mastercard, they go through their bank or a third party processor.

PayPal is cheaper than most banks & much better as well.



LMMFAO!!!

Kitt Proimos wrote:

I believe an interesting and very telling bit of ntek shareholder/member information was innocently leaked out today.

Ntek is asking for people to use paypal with their credit cards.
That could only mean a few things. Visa/mastercard requires a certain amount of sales to qualify for credit management from the POS client. It's also usually costs percentages of sales. If a company doesn't have sales to pay the percentages to the bank, they dump you like a hot tostata. Also, ongoing process fees as well.

This points to ntek being problematic as a going concern.
Paypal doesn't require all the nonsense like visa banks do.
I think paypal/ebay still charges something in the transactions and such, but not as much as visa. And don't forget, paypal is a form of debit financing as one has to maintain a paid account.

JUST THE FACTS for me PLEASE!!!!



NTEK