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Feb 20th, 2004
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PayPal? - vs. other online escrow services

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I was just thinking about how much the webmaster community relies on PayPal. Do you think we'll see some competitive alternatives in the near future? It's driving me crazy how PayPal is getting greedier and greedier with commissions, etc.
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Feb 20th, 2004
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Re: PayPal?

You might but Paypal has the tap on the market right now. I am not sure if paypal does this or not but they should do a graded commission rather than just a flat one.
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Feb 20th, 2004
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Re: PayPal?

If you're a personal user, no commission. If you're a business user, commission is about 2% of all money people send you. You're forced to be a business user if you accept payments through your website or else you can't accept the payments at all.
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Feb 20th, 2004
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Re: PayPal?

There are a few alternatives to PayPal, but I can't think of their names at the moment. They don't have the world-wide recognition PP does, nor the built-in interfacing to things like eBay, but they are an alternative to receiving online payments. I'll let you know when I find out what they are.
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TheOgre is offline Offline
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Feb 20th, 2004
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Re: PayPal?

Well, I know there is 2Checkout.com
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Feb 20th, 2004
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Re: PayPal?

I wouldn't recommend them if I got paid to :)
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TheOgre is offline Offline
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Feb 21st, 2004
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Re: PayPal?

I never used them. Why not?
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Feb 21st, 2004
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Re: PayPal?

Because you don't get paid until after they've called the buyer to verify they've received whatever service they bought from you. If the buyer wanted to save money (read: screw you) all they'd have to do is claim they never received the product, and you wouldn't get paid. Period.

I signed up with them for about a week, and then I got curious why the test purchase I made never went through. After reading (again) their FAQ, I found that statement. If you're selling service-type items (i.e.: labor), or non-physical items (i.e.: web hosting) and the customer never "receives" the merchandise, you don't get paid. They also only pay you once per month, instead of x days after they receive payment from the customer, like a regular merchant account.
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TheOgre is offline Offline
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Feb 21st, 2004
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Re: PayPal?

Eww, thanks for the 411.
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Feb 21st, 2004
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Re: PayPal?

n e time
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TheOgre is offline Offline
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This thread is more than three months old

No one has posted to this discussion for at least three months. Please let old threads die and do not reply to them unless you feel you have something new and valuable to contribute that absolutely must be added to make the discussion complete. Otherwise, please start a new thread in this forum instead.
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