Comments on: Taking Payment with PayPal, Escrow and other Online Options

By: monis raza

monis raza — Mon, 12 May 2008 22:50:19 +0000

hi
iam monis raza and i will be saying that this is money showing……………

By: mom-zee.com

mom-zee.com — Thu, 08 May 2008 21:22:54 +0000

Taking Payment with PayPal, Escrow and other Online Options - FreelanceSwitch - The Freelance Blog…

On top of losing a quarter of the value of the transaction, the whole experience took ages. The teller looked at the cheque, looked a bit confused, sent me off to a special desk where I had to wait for 10 minutes, then was kept waiting another 10 minut…

By: Chris Wilson

Chris Wilson — Sat, 03 May 2008 13:35:00 +0000

Unfortunately PayPal has now started charging up to 3.4% on each transaction.
That’s no small cost by any standards and something we as wholesalers need to factor into our prices to cover this huge burden.
So how can we absorb these costs and still remain competitive in the marketplace?

Although our wholesaler company ‘SAWebay’ still accepts payment through PayPal, we now provide alternative payment methods such as bank transfer.
SAWebay has become the newest wholesaler which has positioned itself as an
industry leader offering some of the lowest prices typically: 80-90% off the
RRP.
The main advantage of selling compared with other Wholesale companies is the
ability to provide these competitive prices to the Trade & General public
without buyers having to prove trading status or go through an online
registration process. But more importantly we accept payments through a bank transfer at no additional cost to either party!

Added bonus?
An unproven company will suffer if they cannot convince buyers of the
quality of their merchandise before placing an order. SAWebay provide sample
stock (no minimum purchase) offered for sale at a starting bid of 0.99p on
EBay. Anyone thinking of buying as a market trader, shop keepers, stalls
party-planners etc. can initially get quality branded samples before a major
purchasing commitment.

Major commitment indecently - is only £100 minimum purchase anyway, with an
average buy and many lots available from £50 or so for fashion and branded
clothing.

http://www.sawebay.com

By: Chris Wilson

Chris Wilson — Thu, 20 Mar 2008 02:38:21 +0000

On the PayPal payment thing,
I think here in the UK our banking system has “missed the boat” with merchant banking and the kinds of facilities sellers expect.
It seems that the majority of British banks are lagging behind the United states in the innovative sense when it comes to payment processing our customers needs. PayPal is the industry leader in that field and more than willing to adapt and change with market demands - well in advance or anticipation of what the future will mean for millions of users out there.
The problem has always been that our British banks have always been afraid to take the initiative and listen to what we as sellers wanted. Quite why this is so, has always eluded me and the opportunities missed are staggering. America takes the lead and we follow, we should be ashamed of ourselves and just simply follow our own initial thoughts and not just rely on catch up based on someone else’s efforts to succeed.
My suggestions were ignored for merchants to “adapt” with the technologies available over 10 years ago when I first started administering websites. Now of cource PayPal is the industry leader and a very successful company operating on a global scale… ah if only they listened to me back then! If they had we certainly would be looking at using a good old “British bank” on top of its game. Our current site http://www.sawebay.com (a online UK wholesaler) would probably be transacting through our own national UK bank and not paying the price for the success in commissions through PayPal.

By: Online Payment Alternatives | Butterfly Media Romania Blog - Marketing, SEO and WordPress

Sat, 02 Feb 2008 08:32:10 +0000

[…] Taking Payment with PayPal, Escrow and other Online Options […]

By: 303 Insanely Interesting Links From 2007 -- Jarkko Laine - Insanely interested

303 Insanely Interesting Links From 2007 -- Jarkko Laine - Insanely interested — Wed, 26 Dec 2007 19:36:41 +0000

[…] Taking Payment with PayPal, Escrow and other Online Options, FreelanceSwitch […]

By: Greg Newell

Greg Newell — Thu, 13 Dec 2007 19:02:46 +0000

Paypal is OK but as far as accepting credit cards from clients merchant accounts are still better…

1. Getting a more conventional merchant account can actually be cheaper depending upon the volume of business you do. Paypal is free but the percentage is usually about .5 points higer per transaction. Only low volume business using paypal can be justified. Medium or higher volume business can offset the monthly fees associated with conventional merchant accounts by having a lower per transaction percentage. You also have more flexibility with respect to how you take payments (offline, online, swipe, phone etc.).

2. Paypal doesn’t allow subscription payments without the client actually signing up for a paypal account. (The process of charging a client for a subscription actually sets up an account for the client). Paypal will also not accept a credit card that’s already “registered” in a Paypal account (so I can’t take a clients credit card and enter a paypal payment for my client to me if the client has a paypal account set up already. If the client doesn’t have an account, the process of entering his credit card to get paid will automatically set up an account for my client. (this is an issue when you take credit card transactions over the phone or in person and need to process them) I think you also have to have a Paypal Pro account to take subscription payments. Currently that means you have a $30/month fee on top of per transaction charges.

3. Paypal Pro is more expensive that the merchant account I use…flat out. It’s not worth it. I pay $15/month with link point (the three major cards), have lower transaction fees overall and more flexibility. I have no problem setting this up, I get a virtual terminal, subscription payments and can easily integrate with website technology if I want to sell online. With authorize.net, I’ve got an additional $20/month. So it’s a total of $35/month vs. Paypal Pros $30. But the process is just about universally accepted in most shopping carts and the lower per transaction fees offset the difference in price.

4. THIS IS HUGE - Paypal does NOT protect your purchase like a credit card would. I will NEVER use paypal to buy soft products. Let this be BUYER BEWARE. USE ESCROWS or pay directly with a credit card. Charge backs are a good thing when its you that has to initiate it. I’ve been burnt twice and Paypal was nothing but a roadblock. In fact in both cases I lost my money. (I purchased software to unlock my cell phone that never worked and I purchased website software on Ebay that turned out to be a rogue copy and nothing but a backup of an existing site. I had MILES OF PROOF and got nowhere.

By: thinkerpool.com: » Making a PayPal Form Tutorial

thinkerpool.com: » Making a PayPal Form Tutorial — Mon, 22 Oct 2007 08:06:28 +0000

[…] time ago I put up a post here on the ‘Switch about Taking Payment with PayPal, Escrow and other Online Options in which I mentioned that it was relatively easy to create a form on your regular website that […]

By: » Making a PayPal Form Tutorial Freelance Switch

» Making a PayPal Form Tutorial Freelance Switch — Mon, 22 Oct 2007 08:00:08 +0000

By: Andrei Potorac

Andrei Potorac — Fri, 28 Sep 2007 05:30:05 +0000

Uhm.. on FlashDen we use moneybookers now, and that’s really convenient for me! ( some kind of PayPal for more countries )

Too bad 99% of the clients don’t have a moneybookers account though.