eSeller004
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posted on June 26, 2001 06:13:16 AM new
BillPoint's complicated fee structure:
http://pages.ebay.com/help/sellerguide/bp-fees.html
BillPoint typically takes 2.25% + 35 cents (merchants only) to 3% + 35 cents on transactions over $15. Electronic check fees are slightly lower. Transactions less than $15 (includes shipping fees) are charged 35 cents.
PayPal's fee structure:
http://www.paypal.com/cgi-bin/webscr?cmd=p/gen/fees-outside
PayPal is going to 2.2% + 30 cents across the board.
The one advantage PayPal has over BillPoint is a slightly less dangerous chargeback policy. You might as well kiss your money away with BillPoint since you have no recourse in cases of chargebacks.
Considering all of this, I guess I prefer Yahoo's PayDirect which is free for everyone. 
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kyms
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posted on June 26, 2001 06:32:18 AM new
I like Paypal more...I love my Paypal Debit Card, it really helps! I don't usually mind waiting for Billpoint to deposit my money, but if I need fast cash, Paypal is my Hero!
As far as fees, I'll eat whatever I have to. I buy most items for 20 cents to a dollar, most sell for 100 times those amounts.. It's hard to complain about fees with that kind of mark-up..
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eSeller004
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posted on June 26, 2001 06:36:53 AM new
What info does PayPal require in order to provide you a Debit card? SSN#??? Date of birth??? 
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sharkbaby
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posted on June 26, 2001 07:06:15 AM new
No, they dropped that SS# requirement a while back. I know because they sent me a card and I chose NOT to activate it because of that requirement, then about a month later I got an email that you no longer had to jump through any hoops to use the card.
I've never used it but I was, nonetheless, pleased at that development.
______________________________
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hwahwahwahwa
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posted on June 26, 2001 07:33:56 AM new
note that billpoint charges 1/2 point for wiretransferring fund to your bank account while paypal is free.
no one works for FREE,soon paypal will have to show a profit.
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ExecutiveGirl
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posted on June 26, 2001 08:18:39 AM new
I prefer Billpoint hands down!
I have used Billpoint for over 1,000 transactions with not a single problem. (Ok, they have their "glitches" once in a while, but I have not had any REAL problems with them at all).
I also had Paypal for about 1,000 transactions. Problems CONSTANTLY! As a buyer, I was ripped off by a fake seller - they were "verified" at the time, and Paypal did NOTHING to protect me. As a seller, the problems were non-stop.
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nefish
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posted on June 26, 2001 08:33:07 AM new
note that billpoint charges 1/2 point for wiretransferring fund to your bank account while paypal is free.
That is why I have stuck w/ PayPal. They are cheaper. I will not sign up for Billpoint because they are more expensive. (Plus I hate the idea of the auto-sweep feature.)
I have had no problems with PayPal yet. However, I feel it is inevitable that something happens, because of all the horror stories. That is why I would be happy to drop PayPal if I could be sure I wouldn't lose business...
I feel at this point you either have to offer Billpoint or PayPal - one or the other - to avoid losing business. JMHO.
I am using c2it and hope that it catches on with the buyers.
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katiyana
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posted on June 26, 2001 08:50:01 AM new
Billpoint will be SLIGHTLY cheaper for the under $15 payments once Paypal converts over to the new fee structure - however I will continue to push Paypal over Billpoint after Billpoint forced their logos into my auctions.
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gs4
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posted on June 26, 2001 09:12:22 AM new
# 1
Bidpay
#2
Billpoint[More stable, At least you know what the rules are week to week]
''The one advantage PayPal has over BillPoint is a slightly less dangerous chargeback policy. You might as well kiss your money away with BillPoint since you have no recourse in cases of chargebacks''
Dream on.
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kyms
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posted on June 26, 2001 11:11:23 AM new
What type of endless problems? I have had Paypal for a year and a halfwith no problems as a buyer or seller.
I get about 300-500 weekly in Paypal..The only chargeback I ever had was through Billpoint.
My Paypal account has never been frozen. What type of problems do you mean?
I can't imagine how a service can be so different for so many of us...Maybe you sell something more prone to fraudulant bidders?
I sell Books, Toys, Records, DVD's and Artwork...What are you selling?
Is there a large amount of consumer fraud associated with actual B&M stores that deal in those items?
Sorry to have to ask, but it really makes no sense to me.
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reddeer
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posted on June 26, 2001 11:32:06 AM new
Neither
I've never offered PayPal, and dropped Billpoint several months back, with no noticeable change in the number of bids, or the final ending amounts.
Approx. 5% of my high bidders use Bidpay to send payment, 75% pay with a personal check, and the remaining 20% pay with either a bank or PO money order.
I don't "hold" checks to clear, and I mention that fact in my auctions & in my EOA email.
I've received numerous checks in the $250-500 range, and never had a problem.
Seems the people buying MY stuff, are happy enough with my payment TOS.
The hell with payment services, I hate middlemen & the fees associated with them.
I guess it depends what you sell?
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uaru
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posted on June 26, 2001 11:47:20 AM new
PayPal
Much cheaper for me, I like knowing I'm shipping to the billing address or not, the debit card is great.
I've also begun making my purchases off of eBay.
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toke
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posted on June 26, 2001 11:55:10 AM new
BidPay is the only service I offer...for the reasons reddeer has already given. I don't want middlemen in my bank account...or in my business.
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dottie
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posted on June 26, 2001 11:56:23 AM new
I've signed up with both paypal and billpoint.
I MUCH prefer PAYPAL to Billpoint.
I ALWAYS offer Paypal in my listings... and only accept BillPoint upon request.
Besides, as long as PAYPAL is around, it will force eBay/Billpoint to "keep it real" (or at least, in the ballpark) - can you just imagine how terrible the fees for BillPoint would be if there were NO COMPETITION???
In addition, I LOVE the PayPal Debit card!!
- Dottie 
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sun818
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posted on June 26, 2001 12:01:54 PM new
I prefer PayPal's Payment Received e-mail notifications better. I use a label printer and the address is easier to copy and paste than BillPoint.
After you do about a 100 BP transactions, you get tired of having to cut away the excess spaces.
I do like BillPoint's refund feature though.
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genie9
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posted on June 26, 2001 12:04:33 PM new
I agree reddeer. To heck with payment services.
I was happy with BillPoint until January but the low average selling price of items no longer justifies it.
Offering payment services has not affected bidding activity or ending prices. Most people simply send a check.
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kittykittykitty
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posted on June 26, 2001 01:05:03 PM new
for now i prefer paypal, although i'd like another good alternative. i haven't signed up for billpoint because i don't like it that they tack on an additional charge to transfer the funds to my account. i also don't like it that they recently changed the default to putting their logos in the auctions of billpoint customers, so am glad i didn't sign up.
paypal has 'name recognition,' and it's easy to use. i like that. i don't like it that they changed the fee structure but didn't bother to email me about it, yet do bother to email me about other things that are less important to me. so i'd prefer to do business with a company that deals with me in a more straightforward way.
i'd give c2it a try, but don't want to give out so much information online.
kittyx3
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soldat2
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posted on June 26, 2001 03:52:36 PM new
PayPal here.
No problems.
(so far)
Great service.
(so far)
....and I love that debit/charge card!
As Dottie stated for those of you that hate PP just remember that it's us loyal PayPal people that really do help keep the others in 'check'.
>can you just imagine how terrible "it" would be if there were NO COMPETITION???<
Just look at what ebay is doing now!
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gemtrader2
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posted on June 26, 2001 04:09:15 PM new
 PAYPAL RAH RAH RAH I LOVE THE DEBIT CARD
gemtrader2 not my ebay user name
[ edited by gemtrader2 on Jun 26, 2001 04:10 PM ]
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sadie999
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posted on June 26, 2001 05:00:00 PM new
PayPal. Lower fees.
And the fact that when they first offered it, we were all eligible. eBay gave this option (Billpoint) to their favored few first - many of whom had merchant accounts already. That rubbed me the wrong way, and when they deigned to offer it to the rest of us, I was already set up w/PP, and BP's fees were just a little higher, so poop on 'em unless they become the cheaper, more reliable service. Then I'll probably care less about being second class to eBay.
No problems with PP - yet.
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lanefamily
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posted on June 26, 2001 07:24:12 PM new
Billpoint. Never a problem. Payapl got scammed from a seller and I followed the protection crap but they said your right you deserve your money back but non to give you.
Jim
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mrspock
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posted on June 26, 2001 08:15:42 PM new
Pay pal I have never had a problem andI like the conveince of the debit card
I didnt like that billpoint wanted me to enter all kinds of info before they would quote rates I decided not to sign up and have never had anyone request it
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haoleboy
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posted on June 27, 2001 01:55:03 AM new
BillPoint. In addition to my online auctions I sell alot of time sensative, relatively expensive items (anywhere from $400 to about $1500) via non-auction means - mostly online classifieds. I recently stumbled upon the fact that Billpoint can be used for non-ebay transactions up to my limit of $2000 per transaction. This has proven to be extremely handy since most of my buyers are first time users of online payment services and the other forms of payment that I accept for my auctions won't work for newbies as PayPal has a spending limit of only $250 for brand new users and Yahoo PayDirect's is only $200. All I have to do is send an online invoice and it walks the buyer thru the entire payment process in just a few minutes. BillPoint has enabled me to secure sales that have ended up making me thousands of dollars in profits that I wouldn't have been able to make if I were only able to use PayPal.
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uaru
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posted on June 27, 2001 02:14:47 AM new
PayPal has a spending limit of only $250 for brand new users
PayPal's limit for brand new users is $1,000 (plus you've got a billing address or can decline the payment.)
I sell alot of time sensative, relatively expensive items (anywhere from $400 to about $1500) via non-auction means - mostly online classifieds.
Without feedback as a guide and no billing address being supplied by BillPoint? You're braver than I.
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haoleboy
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posted on June 27, 2001 04:52:18 AM new
uaru: Thanks for pointing out that PayPal has now raised its limit for new users from $250 to $1000 - I checked the PayPal site and you are correct. As far as taking BillPoint for large non-auction transactions from new buyers with no references perhaps I've been lucky as I've had no chargebacks (yet!), but by the same token I feel that sticking my neck out a little bit has enabled me to lock in sales that I otherwise wouldn't have been able to make. These resulting sales have made me ALOT of money, the type of items that I sell usually have a huge markup - anywhere from about 100% to sometimes over 1000%.
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katiyana
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posted on June 27, 2001 09:22:18 AM new
Additionally, Paypal is raising its fees by charging 2.2% plus 30 cents on all payments, regardless of source and amount.
For items less than $15, Billpoint will be cheaper fee-wise to accept compared to paypal - for payments via Paypal between $13.69 and $14.99, fees will more than double for Paypal.. 8(
But I still prefer them over Paypal with their seller protection program and instant access to my cash via the debit card. The 1.5% cashback and dividends on my money market fund helps with the fees too.
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