posted on September 21, 2000 03:17:28 PM new
I just got an email from Billpoint stating that beginning Oct. 1st, they will be lowering rates. Has anyone else received this?
Dear eBay Seller:
Providing you a trusted, convenient payment service at a
fair price has been Billpoint's mission from the outset. We
are very excited that effective October 1, we are
significantly lowering your eBay Online Payments fees! Your
Billpoint account will be updated to reflect these exciting
changes:
* According to a new PayPal policy, a Business/Premier
Account is now required for all "auction sellers -- both
individuals who make it a full time job and those who
sell on a recurring part-time basis." It is the only way
to use auto-deposit and instant purchase -- features
Billpoint already has.
** All Billpoint credit card transactions $15 or less now
qualify for a flat transaction fee of $0.35 -- previously
it was $10!
*** Blended rate for credit card and electronic check --
average selling price of $100, 2/3 of transactions credit
card, 1/3 electronic check.
As you can see, we substantially lowered your credit card
transaction fee from 3.50% to 1.75% (plus the usual $0.35
per transaction fee). We also raised the dollar size of
transactions that qualify for our flat $0.35 rate from $10
to $15! In both cases, funds will automatically be deposited
to your FDIC-insured bank account EACH DAY for an additional
0.5%.
With Billpoint, you will always enjoy the benefits of
electronic check, including guaranteed payment, at a
fraction of the cost of credit cards! Our lower credit card
fees and FREE electronic check combine to give you the
lowest net rate in the business. And remember, the more you
encourage buyers to use electronic check, the more your net
rate will fall!
NO HOLD PERIOD - GET YOUR MONEY EVEN FASTER! Because of your
stellar selling history on eBay, we can now eliminate the 3
day hold period for receiving your money. Better yet, unlike
PayPal, you need not make a special request every time you
want access to your funds.
BETTER PRODUCT
eBay Online PayPal
Payments
Owned and endorsed by eBay Yes No
Endorsed by Wells Fargo and Visa Yes No
USA
Seamlessly integrated into eBay Yes No
Does not require opening a Yes No
separate payments account that is
not interest bearing and not
FDIC-insured
Money automatically transferred Yes No
to existing bank account
Offers guaranteed electronic Yes No
check payment
First to offer usage of service Yes No
to international buyers
First to offer service to Yes No
international sellers
First to offer instant purchase Yes No
To take advantage of this exciting program, simply register
with Billpoint and start selling!!!
We appreciate your business and look forward to serving your
payment needs. If you have any questions, please don't
hesitate to contact us at [email protected]
