posted on October 2, 2000 11:39:42 PM new
I did not like the way they handled the fee changes any more than anyone else, but I can say I was very pleased when I just upgraded and found I can actually bill everyone from their page. They had all my information ready to go, I just had to tell them the shipping amounts for each and then added my own note letting them know they could pay by check or money order if they wished and gave them my address.
Also, they now have instant check out if you have a standard shipping fee which I will use when I list my records and cassettes.
posted on October 3, 2000 11:32:02 AM new
Acutally I don't think that they will be #1 for long. The changes are an indication of the incompetence at the top. They are driving their customer base to their competitors. It is a good thing that we do have a choice PayPlace Paydirect etc...
You can read this under "Policy changes" at PayPal.
In order to reduce the cost of credit card processing associated with accounts that do not pay fees, on Monday October 16, PayPal will introduce a new limit on Personal Accounts: a $500 limit on receiving credit card payments every six months. Payments funded from the sender's bank account or existing PayPal account balance will not count against the recipient's limit. Recipients exceeding the $500 limit will no longer be able to accept credit card payments unless they choose to upgrade to a Premier or Business Account. Credit card payments sent to a Personal Account in excess of the limit will be held as "pending" until the recipient chooses to accept the payment by upgrading or to return it to the sender by refusing the payment. Personal Accounts exceeding the limit will still be able to receive payments funded from a bank account or existing PayPal account balance.
Well I guess it's time to add a 1.00 handling fee that will be waived if the bidder does not use PayPal! I would bet that PayPlace will be doing a bunch of business. I hope that they are ready for it! And now you must keep $100 in your X.com account or they will charge you $12.00 / month. What a joke these guys sure know how to run the customers away in droves! Face it Paypal is dead in the water. They will go by the way side just as fast as they came on the seen. Can you believe it?
posted on October 3, 2000 11:39:06 AM new
I don't think PAYPLACE will be getting too much of Paypal's business.
I had 2 successful transactions with them. After my 3rd transaction, they said they needed me to add a "new bank account" and if I don't I can't get my money from my 3rd transaction! I wrote them several days ago: still no response.
Another reason I don't think Payplace will be getting Paypal's business is because of this:
You may withdraw your full amount from your PayPlace account, if you are requesting that we send you a check. However, $200 is the maximum you can electronically transfer from PayPlace to your bank account within a 90-day period.
That is straight off of Payplace's website.
____________________________________
The only place you'll find success before work is in the dictionary.
posted on October 3, 2000 12:03:47 PM new
The new policy regarding $500 is just to make those of us who use it for auctions on a regular basis sign up for the premium service, which I have done since my customers love them.
As far as fees at X.Com would you keep less than $100 in your personal bank account? I wouldn't but I have been guilty of draining my x.com account as I have been a little afraid of losing my money. If everyone is doing that they have to be losing money so I guess they had no choice. I will now just be sure I have the $100 in there. I would tell you how much I have to keep in my local bank account to waive fees, but I don't want to give X.com any more ideas!
They are still the easiest and the best as far as I can see. Of course I liked FREE - doesn't everyone. I'm sure I could sell everything I list on Ebay if I listed it for Free -- but then I wouldn't make any money either. I have increased my starting bids by 50 cents to cover the increase in Paypal fees. Most of my customers do use them, and it makes it easy to ship out the next day and clear space for more listings.
I took a few weeks to "pout" about the changes and then realized life goes on and just upgraded and got on with business. I hope a lot of others will do the same because they are easy to deal with and have always proven themselves to be reliable.
Paypal Damon if you read this how about a claification on the rules regarding questionable transactions. If someone doesn't receive their item do you really hold all my money. I have had items take 3 weeks for delivery through the post office and I would hate to have to refund money only to have it show up and the buyer just keep the money and the item.
posted on October 3, 2000 12:30:49 PM newlindajean:
“...I have been guilty of draining my x.com account as I have been a little afraid of losing my money. If everyone is doing that they have to be losing money so I guess they had no choice.”
Now there is a self-fulfilling prophecy if I have ever seen one!
No wonder paypaldamon is thanking you for the kind words!
posted on October 3, 2000 12:41:59 PM new
Valerie47 are you a plant from paypal? Making yet more false statements about competitors. Given recent events it wouldn't surprise me. That is not on the Payplace website infact this is what it says (copied right from the site)...
you may redeem all or part of the balance of your PayPlace stored value account by using the PayPlace Web site to request either a direct deposit into your account at a U.S. bank, savings association or credit union (a "Bank", or a physical check sent to the street address associated with your account in your registration information. All redemption requests will be processed only out of stored value in your account for which PayPlace has received payment.
PayPal will be an also ran within 6 months. You can't treat customers like they have without consequences.
PayPal is the clinton/gore of payment services! Their not capable of telling the truth and worse yet they new all along that this was where it would end up. Always Free - Yeah right!
posted on October 3, 2000 12:54:58 PM newNoMoreFees:
FOR YOUR INFORMATION.. no I do NOT work for Paypal. I am not any happier about their charging fees than anyone else.
BUT! I have had 3 transactions with Payplace and NONE of the statements I made about Payplace are FALSE!!
The above paragraph I copy & pasted RIGHT FROM THEIR SITE!
Sign in with Payplace and click on "help" at the top and then click on "withdrawing money" and scroll down to the question that says "What is the maximum amount I can withdraw from my PayPlace account?"
Read it and weep, my friend!
____________________________________
The only place you'll find success before work is in the dictionary.
[ edited by valerie47 on Oct 3, 2000 12:57 PM ]
posted on October 3, 2000 12:57:42 PM newNoMoreFees I'm not going to say you are wrong, but I've got a bug in my computer it seems. When I go to the PayPlace website and click on "help" and then click on "Withdrawing Money" I find this included in the text.
"You may withdraw your full amount from your PayPlace account, if you are requesting that we send you a check. However, $200 is the maximum you can electronically transfer from PayPlace to your bank account within a 90-day period."
I'm using Netscape 4.7, maybe it's different with Explorer, then again... maybe, just maybe you're wrong.
posted on October 3, 2000 01:12:41 PM new
I LOVE PAYPAL TOO, and we have our own merchant's account.
As I told someone on this subject under another heading about changing to another service - NO THANKS! 75% of my customers use PayPal, and PayPal has made me lots of money - I have just upgraded and will be staying with PayPal.
It has been my experience that it takes lots of time for customers to make changes, and they have to have a good reason - I see no reason for the customers to make the change, and if the customers don't make the change then.....what is the advantage? Since most of mine seem to be with PayPal, it would be foolish for me to change.
I don't mind the minor charge, and do like the fact it will transfer into my Quicken, and customers can charge from my Web Site, etc.
I joined BillPoint, but am going to close that account, as no one uses it. I use PayDirect, but don't particularly care for it, but have a couple of customers who use it, and since I use Yahoo a great deal, I'll keep it.
PayPal's fees are very reasonable AND the fact is if you are running your business through it - you are a business and fees are merely a part of doing business.
posted on October 3, 2000 01:16:19 PM new
I kept getting a validation error (or something) when I tried to sign up for PayPlace, so... oh well. I'll stick with PayPal. I was only going to use PayPlace as an additional option anyway.
The new PayPal guidelines are clear and well thought out. Go PayPal!
posted on October 3, 2000 09:32:22 PM new
Paypal has the lead, but the race just started. If USPS could offer a similar service, imagine if we could just deduct the mailing costs straight from the paydirect account, USPS will get a more loyal following. Plus they have a stronger network and one that would be more trusted. It's perfect for them because they are losing so much 1st class mail business, and they could pick up the bill paying public who are now conditioned to paying online. They have been looking at starting some kind email deal at the post offices so a paydirect through email could be around shortly.
posted on October 3, 2000 10:11:30 PM new" If USPS could offer a similar service, imagine..."
Imagine indeed. When I read about the USPS getting into the person to person payment services I gotta admit it really made me wonder the future of the service. PayPal's got to keep pushing hard to keep the USPS from brushing them aside if they offer some real competition.
"April 5 - CheckFree announced that the United States Postal Service (Postal Service) has entered into a strategic alliance in which CheckFree becomes the electronic billing and payment provider for the Postal Service's Internet portal, live at www.usps.com. The Postal Service will also leverage the CheckFree Genesis 2000 electronic billing and payment engine to handle business payment transactions for customers who want to pay for Postal Service products and services by debiting their bank account. In addition, CheckFree will be a strategic partner in the Postal Service's person-to-person payment offering."
AOL's also getting into the act, I'm going to assume it will work better than their online service.
posted on October 4, 2000 07:07:56 AM new
I will admit that I don't fully understand all of these new rules and regs but this is how I translate it, for me anyway; Person to Person transfers cost nothing. If someone pays me by CC exceeding 500.00 per month, the payment will be in held by PP until I upgrade.
If PayPal Damon is around, is this correct?
If this is correct, I'll keep it as a service that is very popular amongst my customers.
posted on October 4, 2000 07:28:34 AM new
Nope it's not right. If the sum total of ~all~ payments made by credit card to your PayPal account is over 500 dollars within ~6~ months - they will not credit more transactions to you, although they will take them and the customer will not realize that they didn't go through. You will then have to initiate another transaction to refund the money to the customer and then arrange for other means of payment.
If you upgrade to a business account,~all~ transactions credited to your PayPal account will be charged at approximately a 2 percent rate, although the balance transfers cost PayPal virtually nothing to make and they also make more money on the float.
Kate
[ edited by KateArtist on Oct 4, 2000 07:31 AM ]
posted on October 4, 2000 10:31:18 AM new
Hi kateartist,
Credit card processing fees, more or less, negates the float, as well as the additional costs of supporting the business and building new tools that users request (international, shopping carts, new tools to make auctions easier and more manageable,etc.)These items require additional support and engineering time.
Float would be more beneficial if it was in the system for longer periods of time, but many users withdraw immediately and do not keep it in the system to send around.
To those that have been active users for an extended period of time they would note that the features available have changed dramatically since the beginning to support user requests.
, or a physical check sent to the street address associated with your account in your registration information. All redemption requests will be processed only out of stored value in your account for which PayPlace has received payment.