posted on April 7, 2001 11:56:20 AM
we were just talking about that...do you think our rate of 1.8%(thru costco--nova)would be better than paypal and how about the customers being some what leary of cc info provided over internet---most of them are already ready to go with paypal.
-----Original Message-----
Subject: Re: question about PayPal. We do about $50,000/month in
business
If you are doing as much business as you say... forget screwing with paypal
and just set up a checkout at your website using a merchant account payment
gateway. I can help you set one up if you need help.
> I had a question about PayPal. We do about $50,000/month in business and
we
> took PayPal about 6 months ago, at which time we stopped because they
> started charging us the fees. But I remember we were taking in half of
that
> in PayPal. So as you can imagine, the fees may be around $1500 now, and
plus
> we had to hire somebody just to process payments. That's an awful lot of
> fees for PayPal. I suppose I should seriously consider it again, I get a
> request about every hour for PayPal. My question is, even though what we
> sell is somewhat unique, should I take the PayPal plunge and what's the
best
> system you use to reconcile payments because it seems that that was
another
> challenge too. Where as right now, we're accepting money orders and checks
> and we have a nice paper trail. With PayPal, we don't have the paper
trail,
> and there's certainly an element of error. Appreciate any thoughts, and
> anything you can help us out with. We are really considering PayPal, but
we
> just don't know which way to go. Thank you.
posted on April 7, 2001 01:17:37 PM
We use a "shopping cart" on one of our sites and use both direct payment through us, or PayPal, but all these items can have preset shipping charges. On our other site, we only take our own merchant account cards because PayPal isn't set up for a shopping cart, where shipping has to be calculated after the purchase. We use both and are happy with both.
