I've been trying to do a comparison between paypal and billpoint. I wanted to print out the rates for both services and do some number crunching (ie what is the fee on both services for a $10. sale, a $50., $100, $300. sale).
But, it seems that BILLPOINT doesn't want us to see their rates. everytime I get to their rates page, it disappears in 1/2 second and I get an HTTP error.
PAYPAL's rate page shows a comparison that seems to be clearly in their own favor.
ANyone know the answer here? What are BILLPOINT'S rates? What are PAYPAL's current rates? thanks!
posted on June 9, 2001 09:19:46 PM
eBay Online Payments offers two types of accounts. Standard accounts are available to all eBay sellers. Merchant accounts are available to qualified high-volume sellers with high positive feedback scores and minimum of 6 months on eBay. There are no setup fees, no monthly fees, and no minimum charge requirements.
U.S. Fees Account Type
Merchant Account Standard Account
Credit Card
Transaction Fee* Transaction of $15 or less** 35¢ 35¢
Transaction over $15** 35¢ + 1.75% 35¢ + 2.5%
Auto Deposit Fee*** (For transactions over $15) 0.5% 0.5%
Per Transaction Limit $2,000 $500
Electronic Check (Effective June 1, 2001)
Transaction Fee* Transaction of $15 or less** 35¢ 35¢
Transaction over $15** 35¢ + 0.75% 35¢ + 1.5%
Auto Deposit Fee*** (For transactions over $15) 0.5% 0.5%
Per Transaction Limit $200 $200
Fees are charged for receiving payments only
There is no fees to buyers for sending payments
Electronic Checks are available to U.S. buyers only
* Add 1% fee for receiving non-U.S. credit card payments from international buyers.
** Transaction amount includes final price, shipping, handling, insurance, sales tax and any additional fees that sellers specifies.
*** Auto Deposit fee will be charged for automatically transferring funds to your FDIC-insured, interest-bearing bank account. Deposits to Canadian bank accounts are subject to an additional 1% currency conversion fee which is currently waived.
PayPal
Receiving Funds
Account Type Transaction Amount
Under $15 $15 or more
Personal Account
Free* Free*
Premier or Business Account
30¢ 2.2% + 30¢
This is from their web sites as of 11:20 CDT 06/09/2001
Jim
Edit to not be as ugly
[ edited by lanefamily on Jun 9, 2001 09:22 PM ]
posted on June 10, 2001 01:12:22 AMBut, it seems that BILLPOINT doesn't want us to see their rates. everytime I get to their rates page, it disappears in 1/2 second and I get an HTTP error.
Same thing happens to me if I use Netscape, you need to use Explorer to look at that site.
So, if my arithmetic is correct, PAYPAL still wins. HOwever, I intend to use both services because the differences are miniscule and if my customer prefers one of the other, it still means getting my money faster (and perhaps more of it since plastic is an easy way for customers for buy something that they do not have cash for).
Now, did I once hear someone say that there is a service out there and does not charge the seller a fee?
posted on June 10, 2001 07:23:58 AM
BOTH PayDirect & C2It are FREE to sellers...However, whether or not they are any good is up for debate -- my opinion is still: wait & see!
posted on June 10, 2001 08:30:38 AM
I just signed up for BidPay and am also going to take a look at C2It, and PayDirect. Changed all of my templates too, last night for upcoming auctions. They also might start charging in the future and as long as they notify me, and give me the opportunity to decide before the fees go into effect, instead of trying to slide the fees in like a thief in the night like some online payment services, I would go with fees. That is what makes the difference with me. The honesty of their intentions.
