List of Vendors Pausing Operations (28 October 24')

It's gray market. Dark gray. By definition that means they can't conduct business in the regular way. Companies that take credit cards are typically new or ruthless or both. They WILL lose that ability eventually, and you pay a premium for it.

The old peptidesource forum had a good write up about why. That forum has moved and changed quite a bit, so I can't link to it, but here's an ancient screengrab of the best explanation I've found on the internet why buying gray market with a credit card is a bad idea for you, the consumer.

View attachment 3387

It's gray market. Dark gray. By definition that means they can't conduct business in the regular way. Companies that take credit cards are typically new or ruthless or both. They WILL lose that ability eventually, and you pay a premium for it.

The old peptidesource forum had a good write up about why. That forum has moved and changed quite a bit, so I can't link to it, but here's an ancient screengrab of the best explanation I've found on the internet why buying gray market with a credit card is a bad idea for you, the consumer.

View attachment 3387
Thank you! That makes a lot of sense
 
It's gray market. Dark gray. By definition that means they can't conduct business in the regular way. Companies that take credit cards are typically new or ruthless or both. They WILL lose that ability eventually, and you pay a premium for it.

The old peptidesource forum had a good write up about why. That forum has moved and changed quite a bit, so I can't link to it, but here's an ancient screengrab of the best explanation I've found on the internet why buying gray market with a credit card is a bad idea for you, the consumer.

View attachment 3387
I'm not a lawyer, and no one should take this as legal advice, but I'm a little skeptical here - as a consumer, how am I supposed to be aware if someone captures my credit card for an order and uses it on an unrelated merchant account? Particularly if the business names are obfuscated?
 
I'm not a lawyer, and no one should take this as legal advice, but I'm a little skeptical here - as a consumer, how am I supposed to be aware if someone captures my credit card for an order and uses it on an unrelated merchant account? Particularly if the business names are obfuscated?
Don't use a credit card? Problem solved.

And you know whats happening when you pay for a vibrator but peps come in the mail. We all know. The point is, can it be proven. Maybe. Maybe not. I'd rather just use crypto. Much easier.
 
Don't use a credit card?
That's not my point. My point is laws generally do not target consumers where they have no way of knowing that something is going wrong.

I am dubious of unsourced legal arguments on random internet forums from pseudonymous people.
 
That's not my point. My point is laws generally do not target consumers where they have no way of knowing that something is going wrong.

I am dubious of unsourced legal arguments on random internet forums from pseudonymous people.
I edited my reply. I suspect you have not engaged in this particular type of transaction, because I promise, when it happens- and it does- there is no doubt what's happening.

Laws of this type generally do not target end users at all, and it's interesting that's the part you lasered in on. The question was why BUSINESSES who use credit cards go under. The ss does go into that. Disregard all or part as it suits you. No one is going to tell you to believe what you read on the internet. Healthy skepticism is a great thing around here.
 
I edited my reply. I suspect you have not engaged in this particular type of transaction, because I promise, when it happens- and it does- there is no doubt what's happening.

Laws of this type generally do not target end users at all, and it's interesting that's the part you lasered in on. The question was why BUSINESSES who use credit cards go under. The ss does go into that. Disregard all or part as it suits you. No one is going to tell you to believe what you read on the internet. Healthy skepticism is a great thing around here.
I lasered in on it because the image fairly explicitly states that if I were to pay Vendor XYZ BioTech Ltd. for Peptides and they actually run it under the Vendor XYZ Tech Ltd. merchant account that is actually separate, I am engaging in some sort of financial crime, despite me having no actual knowledge of their merchant account setup, what the business name should appear as on my statement, etc. I buy all sorts of not-even-remotely grey market stuff that ends up with weird names on my statements because they have some bizarre merchant name. This sounds unlikely to me, so I questioned it - again, I'm not stating it is legal, becuse I don't know. Not a lawyer.

As for the businesses, it's up for them to decide their risk tolerance. I don't know what their agreements are with their payment processors, what is allowed, what isn't. Sometimes I can buy marijuana with my credit card when I'm in a legal state, sometimes I can't. When I asked what the difference is, they've said some processors allow it, some don't. Are there any processors that would allow the sale of peptides under the guise of them being research chemicals? They're not controlled substances, so maybe? Marijuana is still on the federally controlled list and these transactions are still allowed somehow.

I'm not saying your answer is bad for the specific question asked, just commenting on a portion of the information you presented.
 
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It's gray market. Dark gray. By definition that means they can't conduct business in the regular way. Companies that take credit cards are typically new or ruthless or both. They WILL lose that ability eventually, and you pay a premium for it.

The old peptidesource forum had a good write up about why. That forum has moved and changed quite a bit, so I can't link to it, but here's an ancient screengrab of the best explanation I've found on the internet why buying gray market with a credit card is a bad idea for you, the consumer.

View attachment 3387

I was going to skip over this but feel the need to address the comment you quoted and the general idea that crypto is somehow a "safe" payment method. It's absolutely not.

Purchasing peptides is not Illegal. Assuming that the company you buy from isn't selling illegal substances you are at worst breaking the TOS of some payments providers which should be the reason for the obfuscation.

If you believe that the person or company you buy peptides from is connected to illegal activity crypto WILL NOT save you. When you initiate a transaction everything you do is recorded on a Blockchain: the transaction from exchange to self hosted wallet, and the transaction from self hosted wallet to the vendor's wallet. With a valid subpoena law enforcement can absolutely approach an exchange and demand information about why you sent funds to a self hosted wallet that sent money to another wallet connected to illegal activity. These exchanges have all of your personal information so if law enforcement has questions they will absolutely be able to find you. You will also likely lose your account and any money in it while they try to decide if YOU are the one laundering money.

I would strongly encourage everyone here to read the TOS of the exchange they are using to buy crypto and take a careful look at how they define 1) activity that is prohibited 2) how they handle law enforcement requests. Also don't deal with companies selling Illegal and unsafe goods.
 
Understood. That ancient ss definitely has a preachy tone and I can see why it might be off putting. I do have a legal background and I promise you, all kinds of stupid, unfair, contradictory, nonsensical laws are on the books. The ss stated you could be in trouble for it, not that you would. Undoubtedly a scare tactic by the meanie who wrote it.

It's nonetheless true. Lets revisit this conversation this time next year, and review which of these vendors currently accepting traditional methods of payment are still in operation.
 
I was going to skip over this but feel the need to address the comment you quoted and the general idea that crypto is somehow a "safe" payment method. It's absolutely not.

Purchasing peptides is not Illegal. Assuming that the company you buy from isn't selling illegal substances you are at worst breaking the TOS of some payments providers which should be the reason for the obfuscation.

If you believe that the person or company you buy peptides from is connected to illegal activity crypto WILL NOT save you. When you initiate a transaction everything you do is recorded on a Blockchain: the transaction from exchange to self hosted wallet, and the transaction from self hosted wallet to the vendor's wallet. With a valid subpoena law enforcement can absolutely approach an exchange and demand information about why you sent funds to a self hosted wallet that sent money to another wallet connected to illegal activity. These exchanges have all of your personal information so if law enforcement has questions they will absolutely be able to find you. You will also likely lose your account and any money in it while they try to decide if YOU are the one laundering money.

I would strongly encourage everyone here to read the TOS of the exchange they are using to buy crypto and take a careful look at how they define 1) activity that is prohibited 2) how they handle law enforcement requests. Also don't deal with companies selling Illegal and unsafe goods.
Never said crypto was safe. Just that the vendors who accept it tend to stay in business longer.

And PREACH to all the rest! Illegal is illegal, full stop.
 

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