Re: UCE: Re: Regarding PayPal (was Payments -> Bank Accounts)

This WebDNA talk-list message is from

2005

It keeps the original formatting. numero = 63316
interpreted = N
texte = The difference between the $20.00 fee paypal and the FREE paypal is they $20.00 one is a full merchant account. The customers do not leave your site to complete the transaction as they do with the 'free' paypal solution.Bess Ho wrote:> Same problem like before. The unique cc and bank account problem will stay remain. These features like accepting the cc directly is not "new". But the monthly fee $20 is "new" to me since I remember there is no monthly fee in the past.> > -----Original Message-----> From: WebDNA Talk [mailto:WebDNA-Talk@talk.smithmicro.com]On Behalf Of> Terry Wilson> Sent: Monday, October 31, 2005 5:36 AM> To: WebDNA Talk> Subject: Re: Regarding PayPal (was Payments -> Bank Accounts)> > > This is great, except that they charge a $20/month gateway fee. This > pretty much rules out the client taking few payments or only doing > seasonal business. I didn't read the whole site, but if there are no > hidden costs, then 2.2% + .30 + $20/month really isn't too bad; about > the same as a normal merchant account by the time you factor in AVS > costs and other nickel-and-dime charges. I didn't see anything about > chargeback fees, but the intimation is that there is none. And there > is no setup fee. So maybe PayPal is finally doing something right.> > If they would drop that monthly fee, or even give a choice of a > higher percentage for no monthly, then we'd have something really > useful. My site lets organizations, businesses and individuals > collect money up front for events. Many organizations, such as social > clubs, and most individuals, don't have merchant accounts, and > therefore use PayPal to collect the $$. For them to maintain a PP > gateway -- or any merchant gateway -- would cost them $240 a year or > more. I have toyed with setting up a second Merchant account just for > WhosComing for the sole purpose of collecting payments for qualified > clients, but it's too soon for me to stick my neck out that way. With > the PayPal gateway and free chargeback protection, I might have a > look into it. If anyone has ever been down the road of collecting > money for other people (legally, within the limits of your merchant > account contract), I'd appreciate any caveats.> > Terry> -------------------------------------------------------------This message is sent to you because you are subscribed to the mailing list .To unsubscribe, E-mail to: To switch to the DIGEST mode, E-mail to Web Archive of this list is at: http://webdna.smithmicro.com/ Associated Messages, from the most recent to the oldest:

The difference between the $20.00 fee paypal and the FREE paypal is they $20.00 one is a full merchant account. The customers do not leave your site to complete the transaction as they do with the 'free' paypal solution.Bess Ho wrote:> Same problem like before. The unique cc and bank account problem will stay remain. These features like accepting the cc directly is not "new". But the monthly fee $20 is "new" to me since I remember there is no monthly fee in the past.> > -----Original Message-----> From: WebDNA Talk [mailto:WebDNA-Talk@talk.smithmicro.com]On Behalf Of> Terry Wilson> Sent: Monday, October 31, 2005 5:36 AM> To: WebDNA Talk> Subject: Re: Regarding PayPal (was Payments -> Bank Accounts)> > > This is great, except that they charge a $20/month gateway fee. This > pretty much rules out the client taking few payments or only doing > seasonal business. I didn't read the whole site, but if there are no > hidden costs, then 2.2% + .30 + $20/month really isn't too bad; about > the same as a normal merchant account by the time you factor in AVS > costs and other nickel-and-dime charges. I didn't see anything about > chargeback fees, but the intimation is that there is none. And there > is no setup fee. So maybe PayPal is finally doing something right.> > If they would drop that monthly fee, or even give a choice of a > higher percentage for no monthly, then we'd have something really > useful. My site lets organizations, businesses and individuals > collect money up front for events. Many organizations, such as social > clubs, and most individuals, don't have merchant accounts, and > therefore use PayPal to collect the $$. For them to maintain a PP > gateway -- or any merchant gateway -- would cost them $240 a year or > more. I have toyed with setting up a second Merchant account just for > WhosComing for the sole purpose of collecting payments for qualified > clients, but it's too soon for me to stick my neck out that way. With > the PayPal gateway and free chargeback protection, I might have a > look into it. If anyone has ever been down the road of collecting > money for other people (legally, within the limits of your merchant > account contract), I'd appreciate any caveats.> > Terry> -------------------------------------------------------------This message is sent to you because you are subscribed to the mailing list .To unsubscribe, E-mail to: To switch to the DIGEST mode, E-mail to Web Archive of this list is at: http://webdna.smithmicro.com/ Dale-List

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Re: UCE: Re: Regarding PayPal (was Payments -> Bank Accounts)

2005

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