posted on November 16, 2001 04:46:41 AM new
On 12/17...Ah well...
"Whether you're bidding on an auction item, sending cash to your mom, or collecting money from friends, Yahoo! PayDirect is a flexible, cost-effective solution. Yahoo! PayDirect empowers you to accept and send money instantly with credit cards, or, from a bank account. The best part is that Yahoo! PayDirect makes it easy for you, with a click of your mouse, to instantly send or receive money from a number of Yahoo! Properties including Auctions, Greetings, Mobile, and Points. Here is a sample of the nominal costs associated with sending or receiving money:
Yahoo! PayDirect will charge fees to either the sender or the receiver of the transaction. In most cases the initiator of the PayDirect transaction will have the option to decide who pays the fee. It will be clear before any payment is made, who will be responsible for paying the fee and what the fee will be. Both the sender and the receiver will have the option to cancel the transaction before incurring any fee.
When the receiver pays the fee, Yahoo! PayDirect will calculate, display and deduct the fee from the funds received. For example, take an auction seller who chooses to pay for the fee when he receives payment. In this case, if you paid an auction seller $20 for an item, your account would be charged $20 and the auction seller would receive $19.20.
When the sender pays the fee, Yahoo! PayDirect will calculate, display and add the fee to the total charge to the sender's account. For example, if you sent $20 to a friend using Yahoo! Greetings, your account would be charged $20.80 and your friend would receive $20. "
posted on November 16, 2001 06:05:01 AM new
Fox news reported last night Yahoo! Inc. will cut 400 jobs, which is 13 percent of its work force, as it reorganizes itself in search of "sustainable, profitable growth,"
Maybe that is one of the reasons for their new fees???
posted on November 16, 2001 09:51:44 AM new
Lets compare numbers real quick. I will leave out service cause everyone has a different opinion about that.
I will even use merchant rates from Billpoint and PayPal since that is what I have.
posted on November 16, 2001 11:15:47 AM new
how is yahoo pay direct customer service like?
how does it handle chargeback?
chargebacks seem to be a way of life,i can understand there will be chargeback,but how fast and how responsive is yahoo when it comes to inquiry and investigation?
i bet yahoo auctions does not have the volume like ebay,so we are into uncharted untested water,the horrible CHARGEBACK SCENARIO.
By the way,yahoo may be laying off 400,but it is also looking to hire 100.
some firms are using this economy to rid some and get some new faces
posted on November 16, 2001 11:39:23 AM newLaneFamilyLets compare numbers real quick.
I won't supply my math, but I do come up with a different answer than you. Here are some things you neglected to include in your formula.
1) The average eBay transaction is over $15 (the average is just under $19.00). In 2 years I've had one auction end where shipping and winning bid totalled to less than $15.00.
2) PayPal also allows sellers to opt for the Preferred status that will give them 1.5% cashback on purchases from their PayPal debit card.
I will leave out service cause everyone has a different opinion about that.
Here's a fact on the service. PayPal has a toll free number for sellers, BillPoint doesn't. PayPal has a satisfactory rating with the BBB for responding to problems, BillPoint has an unsatisfactory rating with the BBB for responding to problems.
posted on November 16, 2001 11:42:10 AM new
Well, this is not too surprising. I expect to start paying for email as well, which is fine, I expect that and will pay. I've not really done much with Yahoo Pay Direct, guess they expect to see more auction activity, and that will be a way to supplement the lower auction prices
posted on November 16, 2001 10:50:16 PM new
Hello UARU! I was hoping they could not verify your credit card
1) The average eBay transaction is over $15 (the average is just under $19.00). In 2 years I've had one auction end where shipping and winning bid totaled to less than $15.00.
I just got done shipping 126 that ended under $15.00 so we are a bit different. I almost never have one end over $15.00 unless it is a Dutch. I sell many small items and have a eBay store now that has been racking up the small sales.
2) PayPal also allows sellers to opt for the Preferred status that will give them 1.5% cash back on purchases from their PayPal debit card.
That is correct but I offer Billpoint, PayPal, C2IT, Pay Direct, ummmm Bidpay ProPay, Payingfast, Checks, Money Orders Cash and Postage stamps if necessary. I do not qualify for the 1.5% preferred for that reason and many other people do not either.
Here's a fact on the service. PayPal has a toll free number for sellers, Billpoint doesn't. PayPal has a satisfactory rating with the BBB for responding to problems, Billpoint has an unsatisfactory rating with the BBB for responding to problems.
So now you want to get down an dirty. You are correct about the BBB rating. In the last couple of months PayPal has become a member and paid off, I mean cleaned up its record with the BBB. I am sure when Billpoint decided to become a member their record will be cleared also. It just takes a membership fee.
Of all the services listed above I have never had any problems with the exception of PayPal. Now I have been taken twice as a buyer. Their Protection programs both buyer and seller are a joke and most people know that now.
If I do not get to talk to you before have a good thanks giving. My father is having open heart surgery Monday Morning so I may not be back for a few days.
posted on November 17, 2001 04:58:59 AM new
With Paypal, I have access to my money the instant it is paid. This is great when I sell several items with high shipping (40.00 - 70.00).
With Billpoint, it is about a 5 day turn around time. When Billpoint gets a payment, they hold it for three days before they deposit them to a bank and that adds another day or three.
I accept Billpoint if the customer can only pay that way, but I do not advertise it or even mention it in my EOA notice.
edited to add, I never charge handling fees, but shipping large auto parts across counrty is just high.
[ edited by scrabblegod on Nov 17, 2001 05:00 AM ]
posted on November 17, 2001 12:37:16 PM new
It appears to me that it costs me .5% to get my money out of billpoint, but that's not included in any of the analysis above. Does someone know how to get their money out without the fee? Or am I confused? Also, I think there is no way to leave your money in billpoint and withdraw it periodically. (If you say I am confused, that's OK. LOL)
posted on November 17, 2001 04:12:15 PM new
Thanks Jim. Those two points are why I really would rather not get billpoint payments, so wanted to make sure.
posted on November 17, 2001 04:12:33 PM new
Just joining the BBB and paying a fee does NOT clear your record, if you have merchant problems. If PayPal now has a satisfactory rating with the BBB, it's because they actually dealt with whatever issues and open cases the BBB was tracking.
As far as rates go, it does appear that Billpoint is cheaper for sales under $15 (since I don't have the PayPal account that earns interest). Probably half my auctions end below $15, and I do accept Billpoint as well as PayPal. I let the buyer decide. However, I've had a lot more difficulties with Billpoint (mainly with their record-keeping) than I ever have had with PayPal. So I guess it's a wash for me.
posted on November 17, 2001 04:50:17 PM new
paypal is using the debit card with 1 1/2% cash rebate to get the ebay sellers to support paypal.
this is a very smart move for paypal,we are spending our own money deposited with paypal and every time we use it as a charge card,paypal gets paid by the merchant and pass on 1 1/2 % back to us.
it would be hard to get these users to go somewhere else.
posted on November 18, 2001 09:41:09 PM new
Despite low rates on PayDirect, I'm willing to pay higher rates to PayPal to have access to my money in my linked accounts in three days as opposed to 8 BUSINESS DAYS with PayDirect. Very very slllloooooowwwwww....
Plus, I have instant access to PayPal funds with my PP debit card.
posted on November 19, 2001 06:43:36 AM new
unless you are selling high volume and /or high ticket items,the difference is not that much.
if your customer prefers one over the other,just go along with it.
paydirect may be faster in depositing fund in your bank account with this new arrangement with hk shanghai bank,it is banc one before.
register with your atm or cc is faster as it goes thru a different system than the traditional banking network.
posted on November 19, 2001 07:51:12 AM new
I use Ebay to sell because that is where the customers are. The Customers are there because the sellers are there (kind of like a chicken and egg thing going). To keep my life easy, I only want to use one online payment system. I want to use paypal because I want to be where the customers are.
