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  • Hey all, just changed over the backend after 15 years I figured time to give it a bit of an update, its probably gonna be a bit weird for most of you and i am sure there is a few bugs to work out but it should kinda work the same as before... hopefully :)

Payment:

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From Mom,

"I want to believe 100% in the Red Company and it products. That being said I also must trust 30 years of business experience and a red flag has shot up when I read about the method of payment that is being floated for the RED.

The use of a credit card does not have any bearing on the user's ability to pay for the camera. It is simply a means, much like using a check, but with a safety net. If something bad happens, God forbid, such as the product never being recieved, does not work, no support, ect. then the credit card company will refund your money back. Sending cash, wire transfer, etc. is the same as sending money to the Grand Caymans or Switzerland. Think "scam". If something happens, what will be your recourse? Sue? To do that, somebody would have to hire a lawyer(s) to start a class action suit which could drag on for years and you may never recieve your money back.

Legitimate businesses do not ask strictly for cash in my opinion. If they wish to tack on a fee for the buyer using a credit card, then that's fine! What is 1.5% when you are talking about insurance on a $20,000+ product? By the way, should the IRS be looking into this company? Cash, hmmm..."
 
Mom has spoken.

If we haven't already, we've now reached the point where other forums can officially start the "RED fanboys realize they can't pay for their cameras!" or the like... similar to "RED fanboys realize their accessories will cost extra $$$".

Jack, you're a super great guy and I'm sure your mom is as well.

It's just become an itty-bit surreal when someone's mom suggests that the IRS look into RED...
 
"By the way, should the IRS be looking into this company? Cash, hmmm..."

why include that .... what's the suggestion here ?
lets see i bought a prius , they would only allow $7500 CC and the rest check ( cash) hummmm perhaps the IRS should look into them and any dealer that doesn't accept full amount CC ??

then maybe there could be a RED direct - current payment rules ...
and then a Red -retail where everything is priced higher so CC can be used - now guessing i would say it would be more in the 5-10% higher area ....
 
Jack_Felis said:
Legitimate businesses do not ask strictly for cash in my opinion. If they wish to tack on a fee for the buyer using a credit card, then that's fine! What is 1.5% when you are talking about insurance on a $20,000+ product? By the way, should the IRS be looking into this company? Cash, hmmm..."
Click to expand...

Jack please tell your mom:
That being a legitimate business we are not asking strictly for cash, we accept checks drawn from a US bank,we also give you the option to put up to $7500 on a credit card. No it's not "fine for us to tack on a fee for the buyer using a credit card". About the IRS remark, serious? I hold my tongue hear. "Cash, hmmm..." We are not asking you to meet us in a parking lot with $20K in small un-marked bills.
 
Actually, other than consumer transactions, payment by an irrevocable means is the normal for most transactions. Prepayment (in full) is very typical unless credit has been established by the purchaser. Any instrument that has any recourse is essentially the equivalent of the seller extending credit to the purchaser. Since RED likely knows little, if any, about the credit worthiness of the purchaser, why would they extend this?

Keep in mind, this is a different type of transaction than you purchasing a product manufactured by X, sold to distributor Y, resold to dealer Z who offer's it for sale to the end consumer. Rather, you are dealing directly with the manufacturer and you, as and end user, are not a business entity with considerable capital reserves and purchasing / credit history.

If you want, I am sure RED can find a retailer that will happily take your credit card for the entire purchase amount, assuming that you are willing to pay their "retail" price. This might make your RED One $25,000 or more. Consider that by being given the privilege of dealing directly with the manufacturer, you might be required to abide by their business practices.

Credit cards are very rare in business to business transactions. Most purchases are either prepaid (if credit worthiness has not been established) or are billed NET (if credit worthiness has been established).

This is not illegal, nor immoral, its just normal business. The IRS would have no interest in this type of business practice as it is the norm, world wide.
 
"... But Mom, all the other guys are buying F950's on credit cards!".

I'm gone now... just gone... be back when, well... I don't know...
 
Jack_Felis said:
From Mom,

"I want to believe 100% in the Red Company and it products. That being said I also must trust 30 years of business experience and a red flag has shot up when I read about the method of payment that is being floated for the RED.

The use of a credit card does not have any bearing on the user's ability to pay for the camera. It is simply a means, much like using a check, but with a safety net. If something bad happens, God forbid, such as the product never being recieved, does not work, no support, ect. then the credit card company will refund your money back. Sending cash, wire transfer, etc. is the same as sending money to the Grand Caymans or Switzerland. Think "scam". If something happens, what will be your recourse? Sue? To do that, somebody would have to hire a lawyer(s) to start a class action suit which could drag on for years and you may never recieve your money back.

Legitimate businesses do not ask strictly for cash in my opinion. If they wish to tack on a fee for the buyer using a credit card, then that's fine! What is 1.5% when you are talking about insurance on a $20,000+ product? By the way, should the IRS be looking into this company? Cash, hmmm..."
Click to expand...

WOW !
I am speechless...this thread is like a really bad reality show gone wrong.
 
Sean R. said:
"Cash, hmmm..." We are not asking you to meet us in a parking lot with $20K in small un-marked bills.
Click to expand...

LMAO... funniest thing I've read all day! But now I have a request. If I can convince someone to film it with their Red, can this be my method of payment? I'd have a suitcase full of small un-marked bills and our cars could pull up in the empty parking lot on a dark and just-having-rained night.
 
Zakaree said:
This isnt an official statement: haha
but just my thoughts on it..
sure you can buy hvx from BH on credit card.. the total price of that would be what? $6399.95? RED is letting you use $7,499.99 on credit card... so a good chunk is still good for credit card..
YEAH?
Click to expand...

.....did i forget to mention a gates underwater housing, fathom imaging wide angle lens, ND filter kit, wireless mics, tripode, etc, etc, etc, ....i only wish i dropped $6,000usd. More like 26k
 
BajaProductions said:
.....did i forget to mention a gates underwater housing, fathom imaging wide angle lens, ND filter kit, wireless mics, tripode, etc, etc, etc, ....i only wish i dropped $6,000usd. More like 26k
Click to expand...

Exactly!:gun:
 
Sean R. said:
We are not asking you to meet us in a parking lot with $20K in small un-marked bills.
Click to expand...

But this could be an option for those who are concerned about shipping costs, or if Jack's Mom is concerned her son is going to receive a box full of bricks. I would suggest that Red should modify the requirements so that those meeting up with cash should have $100 bills only...no dollar bills please. The should also wear sunglasses for the full effect.
 
Wow, it seems like there are a lot of people out there who need a real serious financial reality check. this is a 17.5 thousand dollar (which will also require AT LEAST another 5-10K in further investment) camera. THAT IS A LOT OF MONEY. Not everyone can honestly afford that kind of purchase or if they can, can't justify that large of an expenditure. This is not an HVX, this is MANY levels of expensive above an HVX. Maybe some people should rent for a little while before biting off that big of a piece of Debt pie. I'm guessing that if that many people are gonna charge then they probably won't have the money right after the purchase to pay off the credit card whcih means they'll be paying the interest on 20 plus thousand dollars. THINK ABOUT THAT. Even if you have a good interest rate. THAT IS A LOT OF MONEY.
 
Sean R. said:
Jack_Felis said:


we accept checks drawn from a US bank,we also give you the option to put up to $7500 on a credit card.

" We are not asking you to meet us in a parking lot with $20K in small un-marked bills.
Click to expand...

......ah I here check. That's ok by me now. Of course CC really makes my day, but this is the first time I can recall hearing check.....

Hope credit cards 100% of purchase price will be the call at the end of the day, but i feel better now hearing check and not wire transfer.

:shiftyph34r:
 
I don't understand what the problem is here. I already paid for my Red just the other day with my credit card. Someone named Umfoofoo Mowgli emailed me on where to send payment. I sent payment as instructed to the National Bank of Nigeria. Quick and easy. They already charged the $40,000 no problem. I expect my Red next week as told. Woohoo! I am so excited!

Here's what my mom had to say because she is an authority and references to moms should always be taken along the same lines as when, you know, like when the Surgeon General speaks or as if I am quoting from the Encyclopedia Britannica:

"Always eat your peas and when you take a girl out, open the car door for her or I will disown you and take away your $20,000 camera, which I am buying for you only because you don't have a real job yet".

That's what she said. My dad had a different take:

"Woman, where are my socks?!"

Anyway, I hate all these film and industry people telling me how it is, as if they really earn money with their cameras, yeah right. $40,000 credit card purchases are completely normal and happen on a daily basis!

Afterall, doesn't Red know that the housing and mortgage market, along with banks and lenders, are having a great time now because so much homes were purchased on credit?
 
BajaProductions said:
......ah I here check. That's ok by me now. Of course CC really makes my day, but this is the first time I can recall hearing check.....

Hope credit cards 100% of purchase price will be the call at the end of the day, but i feel better now hearing check and not wire transfer.

:shiftyph34r:
Click to expand...

Well check was mention in the very first post...but seriously what is the hang up w/ wire transfer, it is the same thing as a check only faster.
 
"accepted via wire transfer or cash equivalent (such as money order, Cashier’s Check, or personal check drawn from a United States bank). "

re: personal checks/money orders/cashier check - for persons outside US you must look at "drawn from US bank"
 
yeah right...... I'm looking foward to picking up my back up Red when they start going into foreclosure late next year :shifty:
 
digitalfx said:
Well check was mention in the very first post...but seriously what is the hang up w/ wire transfer, it is the same thing as a check only faster.
Click to expand...

Sorry, I did not catch that in the beginning. All i saw was Kelly's post---WIRE INSTRUCTIONS--

I suppose your right about there not being much differance about a check and wire transfer....something about having a legal tender piece of paper that makes me feel good--nothing more. Call it my realm of comfort--not yours, only mine.
 
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