posted on July 19, 2007 04:40:55 PM
We use our paypal account to process credit cards and our retail store...........we just received this lovely email from paypal..........Thank you for choosing PayPal Website Payments Pro and Virtual Terminal as your payment processing solution. We value your business and appreciate your continued partnership.
In order to provide the best possible service and competitive rates, the following price changes will be made.
Effective September 1, 2007:
The monthly service price for Website Payments Pro and Virtual Terminal will increase from $20 to $30 per month.
Transaction prices will remain at $0.30 per captured transaction, but a $0.30 fee will now also be assessed on all successful authorizations that have not been captured within 29 days.
Virtual Terminal transactions will cost between 2.4% and 3.1% depending on your processing volume.
You'll continue to receive the same service, plus competitive flat-rate pricing for all card types.
With PayPal, pricing is transparent. There are no set-up, cancellation, statement, or hidden fees – and no monthly transaction minimums.
We charge only for authorizations you are able to capture, not declined transactions.
You pay nothing for reversals. When you refund a transaction, we reverse the processing cost, too.
Thank you for making PayPal your all-in-one payment processing solution.
We appreciate your business, and look forward to partnering with you in the future.
Sincerely,
PayPal ..............IF EBAY AND PAYPAL COULD CHARGE FOR THE AIR WE BREATHE..THEY'D DO IT........
posted on July 19, 2007 07:01:33 PM
Google Checkout is slightly cheaper at $0.00 per month and they do actively help with defending against chargebacks...
posted on July 19, 2007 10:24:46 PM
Very surprised at this. Ebay/PayPal raises prices to increase revenue for stagnant venues, understood. But retail shops and websites, where the market is still competitive?
