posted on September 14, 2000 03:06:24 AM
Hello,
This might be the next great news from the world of free services.
It only makes common sense.
If, Paypal can just say yes to fees after building a customer base than I would suggest that AuctionWatch might just do the same thing.
Paypal was a free service...it's not free any longer because they can now afford to lose a percentage of their customer base without any long term negative effects.
PayPal can give up 20 to 30 % of their customer base now...The fee's of 1.9% + the $0.25 cents will absorb their pain of losing all those free loading customers.
PayPal is not a community...its a business that started free and moved to a fee base..
or I should suggest that they announced their fee based plan to their customers recently...its always been there...
I wrote my pal last night at the wall street Journal and told her my insite on the paypal action plans to move everybody to a fee based service.
We might also suggest that the 1.9% + $.25 cents is just a get your feet wet price.. We think one of those fees will be removed..in other words you would pay 1.9 or .25cents..not both.
It really depends if they A.G's in certain states get concerned, how many customers move away..how many hidden slams about paypal inside auctions etc, and of course how many news groups slam the story around.
You can assume that only about 20 to 30 % of paypal customers even now about the change...
I would suggest that one morning, AuctionWatch will not be free anymore....
Feel free to give me your thoughts and any action steps you may have..
[email protected]
Our company is not sure yet as we have always had the traditional merchant accounts set up... We used paypal to save our company money... We used paypal as it was a stated free service.. free without doubt.
It was also a good service but, I'm not really sure if it's worth the price after getting my company one way and trying to keep our business another...
We are going to take some steps...paypal may be a nice little test case?
What do you think...
Greg
