posted on September 19, 2000 05:13:30 PM new
Hi all,
Just to clarify on Billpoint's mention of our auto-sweep feature. This is an optional feature that can be used with Premier/Business Accounts and it costs .6%. It is not an automatic feature and it can be turned on and off (the benefit is that users do not have to log in to request a withdrawal). All ach transfers out of the system are free.
In addition, the auto-sweep is not a mandatory fee like the deposit fee. We would still remain at twenty-five cents for transactions ten aollars and under. Transactions over 10.00 againt the credit card are billed at 1.9% plus twenty-five cents.
I edited this message to correct an error.
[ edited by paypaldamon on Sep 19, 2000 06:06 PM ]
posted on September 19, 2000 05:45:35 PM new
Hi all,
There has been a lot of confusion over this and I just made a typo and the web site has changed to reflect what I was attempting to state. I apologize for the confusion and this was my fault.
Credit Card payments to: Ten Dollars
25¢
Ten Dollars to 500.00
1.9% + 25¢*
500.00 or more.
1.9% + 25¢*
My mistake and my apology. Sorry, as things have been going lately, I had a miscommunication trying to clarify a key issue.
The Billpoint fees mentioned auto-sweep at an additional .6%, thereby appearing to inflate the fees to 2.5%. This is an optional feature that can be turned on and off and is not mandatory under the premier/business accounts.
Please ignore the items I posted earlier about the fees.
