phawthorne1
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posted on November 2, 2003 01:52:49 PM new
Would like some input on other methods of
receiving credit card payments that is cheaper than Pay Pal..
Also would like to know what you do on currencies exchange to USD. Canada being one example.
Thanks for your input.....It is appreciated..
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noh2
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posted on November 2, 2003 02:16:39 PM new
there is emerchant-co-op which offers 1.2 % discount rate if you do over 1 million sales a year.
burgerflipper,you go first!!!!!
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phawthorne1
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posted on November 2, 2003 02:50:54 PM new
noh2
funny????????
Is that best you could come up with???
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sanmar
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posted on November 2, 2003 03:11:43 PM new
Not very likely, unless you are grossing several thousand of $$ per month. Most have a set up cost & a mnimum service charge besides the per centage taken on each sale.
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Libra63
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posted on November 2, 2003 03:14:53 PM new
Just add a handling charge or up your starting bid and you will be fine.
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noh2
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posted on November 2, 2003 03:41:57 PM new
paypal premier or business account of 2.2% and 30 cents transaction is the best deal around,unless like i said you want a merchant account and do enough to warrant a lower rate.
how much sales do you do in a year??
burgerflipper,you go first!!!!!
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noh2
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posted on November 2, 2003 03:43:08 PM new
better,send them to bidpay or paying fast,then your cost is zero
burgerflipper,you go first!!!!!
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phawthorne1
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posted on November 2, 2003 05:35:46 PM new
Thanks to everyone for the good advice..
You are all greatly appreciated...
I dont want to overcharge a customer,so what is a fair handling / service fee?
I just know after you pay Tom,Dick And Harry
It takes alot from your profit...lmao...
I still would like to know how you handle
curencie exchange from other countries?
I have done a few
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tomwiii
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posted on November 2, 2003 05:53:43 PM new
Yeah! Just pay ME & forgetabout Dick&Harry ~ OK?
Ralphie loves Mr Blonde:
"Are you gonna bark all day little doggie, or are you gonna bite?"
http://members.ebay.com/aboutme/vidrat/
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phawthorne1
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posted on November 2, 2003 06:14:52 PM new
Tom........ you are to funny.......
Made me laugh.....What's you percentage??
How do you want it????? Ck /m/o or Pay PAL
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noh2
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posted on November 2, 2003 06:47:56 PM new
shipping and handling-it depends on what you sell,only you know what is a fair charge .
as for currency exchange,how did you list your item??
make up your mind what you want to do,list in us dollars and expect someone to pay you in canadian dollars or vice versa??
or you are looking for bongo money??
burgerflipper,you go first!!!!!
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phawthorne1
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posted on November 2, 2003 07:16:53 PM new
FYI noh2
Duh......... Why didn't I think of that....
Bongo Money.... Better than the fee for conversion of Canadian dollars......
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sparkz
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posted on November 2, 2003 08:04:05 PM new
I wouldn't even get involved with currency conversion. List your auctions in US dollars and insist on payment in US dollars. Let the buyer's bank or Post Office do the conversion when they purchase the money order. Also, I would never accept Paypal on an international transaction. I would only accept Bidpay or PayingFast.
The light at the end of the tunnel will turn out to be an oncoming train.
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fenix03
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posted on November 2, 2003 08:19:55 PM new
Unless you are doing large quantities of sales, PayPal is the best rate you are going to get and their exchange rates on foreign currencies are better than my bank. If you are runninng auctions in other currencies but want your buyers to pay in USD be sure to put that little fact in your auction payment details. As for finding conversion rates, I use xe.com.
~~~ • ~~~ • ~~~ • ~~~ • ~~~
If it's really "common" sense, why do so few people actually have it?
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maggielane
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posted on November 2, 2003 08:47:50 PM new
You will get less bids if you use some unknown payment method. If I have two identical items one has PayPal, and another does not, I will purchase the PayPal item even if it is a few dollars more becuase I do not want to mess with another form of payment.
I have only purchased one item from ebay that did not take paypal, and that was becuase it was an item that I could not get from a Paypal seller.
I do not think it is wise to not take paypal.
"For I know the plans I have for you." says the Lord. "They are plans for good and not for disaster, to give you a future and a hope." - Jeremiah 29:11
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toolhound
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posted on November 3, 2003 03:32:17 AM new
I don't think it matters what is cheaper than PayPal. Most bidders are signed up with PayPal and only use them. 91 of my last 100 sales were paid with PayPal. I also try to only buy from sellers that take PayPal. It has to be something no one else has for me to bid on an item that they do not take PayPal.
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Dragonmom
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posted on November 3, 2003 12:36:45 PM new
and- like I continually say- the percentaqes the services take out of your sales are still much much smaller than the costs for running a brick and mortar store! Nobody does business for free!
Paypal is the cheapest way there is. No yearly fees, no gateway fees. Credit card processors charge you for each call you make to them, as well.
"And All Shall be Well, and All Shall be Well, and All Manner of Things Shall be Well"
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fluffythewondercat
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posted on November 3, 2003 01:06:36 PM new
Nobody does business for free!
Maybe not, but you can do it darned cheap.
You talk as if B&M were the only alternative.
I understand you guys are happily paying "the services"; I pay eBay, my ISP and my cable company.
We had dinner last night at our favorite Japanese restaurant in Menlo Park. (It is also the least expensive in the area, while serving large portions.) They don't accept credit cards. They don't accept checks. And the line is out the door on weekends. It's a beautiful thing. They have their process down to a science. Most Japanese restaurants bring you your soup, then your salad, then your entree. 3 trips, lots of wasted steps. This one delivers it all to you at once on a tray, which means they can do more with fewer people.
I admire that kind of smart thinking. When I see something like that, I try to figure out how to apply it to my own business.
--
GET TO WORK: You aren't being paid to believe in the power of your dreams.
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noh2
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posted on November 3, 2003 01:37:15 PM new
FLUFFY,
how would you like if the chinese bring out the twelve course dinner all on one tray>>
or the 3 days/2 nights mongolian feast all on one tray??
or the northern italian feast all on one tray>or the entire hawaii luau all on one tray??
there is a difference between eating at a cafeteria and a restaurant.
burgerflipper,you go first!!!!!
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rustygumbo
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posted on November 3, 2003 01:46:56 PM new
Paypal is the cheapest service if you don't want to pass the fees to your customers. They can use Bidpay as well, which is pretty reliable. I have customers use Bidpay if they are International or if they don't have a confirmed PP account. My chargebacks have dropped to ZERO since making this change. International bidders are getting used to people using Bidpay. It is much safer than PP b/c PP will do a chargeback on your account if the bidders credit card was stolen, or if they simply request a chargeback through their own credit card. I will never get burned again.
You can also get a better rate (2.2%) with PP if you do certain volume. On top of that, if you have an account for over 2 months, you qualify for the merchant accounts, which gets you a debit card. If you register your debit card, you get 1% off of all purchases immediately. Meaning your percentage rates drop to 1.2%.
In comparison, I have a merchant CC machine at my store. They charge $10 a month to send my bill. Then I pay 25 cents per transaction, and 1.49% with the credit card present so I can slide it throught the machine. W/O the credit card present they charge 2.49-2.99% and the 25 cent service charge. Then you always run the risk of getting a chargeback for any card that isn't presented in person. Start up for a merchant account is generally $100 to $500 as well, depending if you get a good deal on equipment and contracts. they also charge batch fees, etc.
PP is the best way to pay via credit card, hands down.
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JEWELRY21
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posted on November 3, 2003 02:25:53 PM new
eCount is Very good does not charge the seller a fee and a very small fee to the buyer What I do if they pay via eCount I give a discount on shipping or in some cases do not charge shipping. Check it out at www.eCount.com
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