sunderdown1
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posted on November 17, 2000 06:58:34 AM new
hi, so if I read the new fees correctly. For transactions under $15, regardless of how the customer pays the fee is $.30. Currently if a customer pays a $5 transaction with funds from their account my fee is 1.9% (about $.10). Now the fee is going to be $.30. Am I reading this correctly? From the new terms of service
"A flat fee of 30¢ will apply to all transactions, and this will be the only charge on transactions under $15."
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pickersangel
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posted on November 18, 2000 05:46:52 PM new
Well, this certainly makes PP much less attractive, since the majority of my transactions are less than $15. It's especially unattractive since it appears that it doesn't matter if my customers are paying from existing PayPal account balances or using their credit cards. Maybe it's time for another look at Billpoint. PayPal may have just priced themselves right out of my market.
always pickersangel everywhere 
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pickersangel
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posted on November 18, 2000 06:00:30 PM new
These fees compare to Billpoint's $0.35 per transaction up to $15, and $0.35 plus 2.5% over $15. Not sure how this compares to the other payment services. Anyone have that info convenient?
always pickersangel everywhere
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abingdoncomputers
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posted on November 18, 2000 06:18:14 PM new
ExchangePath is completely free (for now at least). And it works great, allowing you to accept ALL major credit cards.
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dman3
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posted on November 19, 2000 04:25:42 PM new
BillPoint is still the best offer with Automatic tranfer of funds to your bank account no fuss no worry your moneys being held in a non FDIC insured account.
and you dont miss the fees they take since you cant miss what you never seen or had. kind of like your payroll deductions.
http://www.Dman-N-Company.com
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pickersangel
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posted on November 20, 2000 05:50:38 AM new
PayPal still has the advantage over Billpoint in my mind--lower fees, and also free bank transfers. I've not had any problems with them, but I'm not selling in categories with a high incidence of fraud. Haven't checked out ExchangePath. I really don't want to end up with umpteen billion different accounts.
always pickersangel everywhere
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rhubarbsfarm
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posted on November 21, 2000 06:13:47 AM new
I used to use Paypal a lot. I've never had any problems with Paypal, but...Paypal just doesn't have the attraction it did, for me.
For something that was supposed to be free, Paypal is awfully expensive. I've done everything they have asked, including giving them my x.com bank account number. I was verified...
But now that x.com is closing, I get a message about being verified AGAIN by putting in another bank account..as if somehow by x.com closing, this makes the verification done invalid...*sigh* THIS is upsetting - it clearly shows me they are not REALLY interested in verification for verification's sake (since I've already proven who I am!), but rather they are interested in verification for access to my BANK ACCOUNT.
I have found the best route to get paid for my auctions to be Billpoint's electronic check..the Billpoint electronic check is FREE FREE FREE. It takes 3 or so days after someone sends you a check for it to clear..Billpoint tells you when it has cleared though, and there is no risk of chargebacks.
My customers are using Billpoint Check a lot more now...my customers are using Paypal to pay me with a lot less now. Seeing as how the romance with Paypal is just about over, I've put Paypal on the end of my "payments accepted", and I think I'll take out the Paypal logo...
Then again, I may quit using Paypal altogether. This insistence of being verified for a second time is - insulting!
I think I'll urge customers to use Billpoint check and for my own purchases, use Billpoint & Visa - I get $1 off.
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unknown
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posted on November 21, 2000 01:01:38 PM new
Let see
JULY FREE
SEPT 1.9%
DEC 2.2%
Do we see a pattern here.
Me thinks that PayPal may be in some serious finacial trouble since the dot com meltdown.
Remember PayPal holds title to you balance in your account.
Will a retroactive fee increase be coming any time soon?
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outoftheblue
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posted on November 25, 2000 02:44:02 PM new
pickersangel
PayPal still has the advantage over Billpoint in my mind--lower fees, and also free bank transfers.
Billpoint:
Credit Card Payments: 1.75% + 0.5% (sweep fee) = 2.25%
Flat Fee: $0.35
Electronic check: Free + 0.5% (sweep fee)
Flat Fee: $0.00
PayPal (As of Dec):
Credit Card Payments: 2.2% (I have to initiate bank transfers or pay 0.6%)
Flat Fee: $0.30
Account balance and Debit payments: 1.6%
Flat Fee: $0.30
Where's the LOWER FEES? I receive a lot of Billpoint Electronic Checks. For me Billpoint is clearly the better deal....
[ edited by outoftheblue on Nov 25, 2000 02:45 PM ]
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susanhaywood
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posted on November 26, 2000 12:49:15 PM new
But what about ExchangePath? The latest "new kid on the block" .... I notice that AW is promoting them with rather large banner ads on the main site and in the AW Newsletter ... Free (for now) ... But Paypal sure didn't stay free for very long.
So ... is this the price of doing business? Is it possible for a site to provide this service for free? I assume they earn interest on the money that sits there ... but how much can that be?
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dman3
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posted on November 26, 2000 02:16:23 PM new
NO site can provide this service for free even exchange path isnt provideing it for free some venture capital is paying the way.
No these companys cant make interest on your money inless you are willing to keep it there if you get a payment and tranfer it to your checking account in 1 day or less they never earned nothing from the transaction.
It would take atleast 24 hours to invest these funds and they would have to be held there at least 30days if to tranfer it out in 24 hours they get nothing they are paying for you to accept credit cards or loseing there business to for your's .
http://www.Dman-N-Company.com
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susanhaywood
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posted on November 26, 2000 02:31:18 PM new
If the fees are incurred on credit card transactions ... then why charge for bank account and current balance transactions?
I understand the need to pass on the charges for credit cards ... but it does seem like a "bait and switch" tactic.
Is there nothing that can remain a bit of a bargain for us sellers?
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yisgood
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posted on November 26, 2000 06:09:05 PM new
visit http://www.ygoodman.com/payments.html. You might be shocked at what you find. Exchangepath is the worst of the lot. They have an attitude of "we dont give a darn about fraud, we'll just hit the sellers." They dont even record the cardholder's billing address. Right now the only free credit card payment service I can recommend is Western Union's Moneyzap and only because I hope that WU has enough experience to do a decent job of verifying the cardholder.
http://www.ygoodman.com
[email protected]
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