PayPal Seeks to Become the Web Payment System to Rule Them All

texranger

eBay is set to unveil PayPal Access, a service for letting users use their PayPal accounts on other websites without the need to register an account or a credit card. The service, which will make its debut Wednesday at eBay’s X.Commerce developers conference in San Francisco, essentially eliminates the need to register an account at other retail websites, decreasing the steps needed to make a purchase and lowering the risk that a hacked ecommerce website will be able to steal credit card information.


further information at the below


http://mashable.com/2011/10/11/paypal-access/#

texranger

X.Commerce: eBay To Debut New Payments Identity Technology PayPal Access; Milo Opens Up API


http://techcrunch.com/2011/10/11/x-commerce-paypal/

ddoris

On breakfast news last week was an article on moneylending/payday loans. One company had an apr. of 800+ % - tho' the co. spokesman said this equated to 50p for £100 borrowed for a week. Paypal charges completely dwarf this sort charge , which sounds almost reasonable, by a massive factor.
I know that these are different activities but I would like folk to realise the large charges paypal levy , no wonder they want to expand !

Hammyman

ddoris wrote: »

On breakfast news last week was an article on moneylending/payday loans. One company had an apr. of 800+ % - tho' the co. spokesman said this equated to 50p for £100 borrowed for a week. Paypal charges completely dwarf this sort charge , which sounds almost reasonable, by a massive factor.
I know that these are different activities but I would like folk to realise the large charges paypal levy , no wonder they want to expand !

Its not even the same thing so why did you mention it? Its like comparing an apple to a pork sausage. That has to be the most pointless post made on MSE today.

Paypal charges are not over the top and are in line, and in fact usually cheaper, than credit cards charge. As a business, I would love to have a merchant account for accepting credit cards at the rate Paypal charge.

Iconic

Hammyman wrote: »

Paypal charges are not over the top and are in line, and in fact usually cheaper, than credit cards charge.

Just make sure you don't ask them to process payments for small sale items.

I sold a DVD for 99p plus £1.25 p&p.....total £2.24.

Paypal charged 28p or 12.5%!! That's without Ebay charges.

Never again:mad:

kwikbreaks

Iconic wrote: »

Just make sure you don't ask them to process payments for small sale items.

I sold a DVD for 99p plus £1.25 p&p.....total £2.24.

Paypal charged 28p or 12.5%!! That's without Ebay charges.

Never again:mad:

You should have read their published charges then and either priced your item accordingly or taken it to the charity shop. There is a fixed transaction charge + a percentage so low priced items will be bad bets.

As hammyman said merchant accounts don't come cheap and low volumes = high charges making PayPal the only viable option for many.

Hammyman

Iconic wrote: »

Just make sure you don't ask them to process payments for small sale items.

I sold a DVD for 99p plus £1.25 p&p.....total £2.24.

Paypal charged 28p or 12.5%!! That's without Ebay charges.

Never again:mad:

And your point?

If you had a card machine to accept credit or debit card payments you'd have a monthly fee to pay as well as a 2.5% charge for the credit card.

Perhaps you should have upped your prices to take into account the charges.

Iconic

Hammyman wrote: »

And your point?

Don't use Paypal when selling small value items.

Hammyman wrote: »

Perhaps you should have upped your prices to take into account the charges.

Most DVD's have very little resale value so the only other option is to give them to charity shops.

texranger

Iconic wrote: »

Most DVD's have very little resale value so the only other option is to give them to charity shops.

this is too true now adays when you can go to the major supermarkets and buy new DVDs from £3

ddoris

" Its not even the same thing so why did you mention it? Its like comparing an apple to a pork sausage. That has to be the most pointless post made on MSE today. "

Why did you then go on to counter the very point I was making ?

" Paypal charges are not over the top and are in line..... " - of course don't forget that this is only your personal opinion.