how much are you guys losing by making use of PayPal

bizilux said:
i have a question

how to get that paypal credit card

ive googled, i have searched on paypal...without luck

help needed pls :D tnx
Click to expand...
I do not think that you can get a paypal credit card. What you are looking for is a debit card of paypal
 


ugakebet said:
that also might be true, however if you use paypal to transfer money across countries, do end up paying quite a percentage on the transactions. in some cases you have to pay 3.5% + 1%. sometime is is more also.
Click to expand...

Only if the money was sent in the sender's original currency does that happen. But yes every merchant has their currency exchange policy, often used to offset the value once converted. In your account's settings you can actually prevent that fee (prolonging the inevitable) by setting it up not to convert foreign currencies upon receival. Basically meaning you'll have a balance in a different currency until it is converted.
 
Like others, it's just a cost of business. If I didn't use Paypal, I'd have a harder time selling stuff on eBay, and when dealing with work from sites like this, it's the best way to get paid, I haven't had anyone in the last few years ask to send me a check because they don't have a Paypal account.
 
i have a question...its somehow related to paypal so no need to open new thread

if i buy VCC virtual credit card... will i be able to verify the paypal account... ywh all those VCC sellers say that i will be able to verify account but im asking you guys if anyone tried this...im in a bit of a rush because my hostgator account invoice is here and my sending limit is $0 :((( have $200 on paypal tho...

well i dont even know how i will pay for VCC when i cant send anything :S
 
kblessinggr said:
Only if the money was sent in the sender's original currency does that happen. But yes every merchant has their currency exchange policy, often used to offset the value once converted. In your account's settings you can actually prevent that fee (prolonging the inevitable) by setting it up not to convert foreign currencies upon receival. Basically meaning you'll have a balance in a different currency until it is converted.
Click to expand...
that would sux
 
kblessinggr said:
Hell some competitors such as paymate (one of the few methods actually allowed by ebay besides paypal), require you to bring in no less than 36,000$ in a 12 month period in order to use them.
Click to expand...
seriously?

bizilux said:
i have a question...its somehow related to paypal so no need to open new thread

if i buy VCC virtual credit card... will i be able to verify the paypal account... ywh all those VCC sellers say that i will be able to verify account but im asking you guys if anyone tried this...im in a bit of a rush because my hostgator account invoice is here and my sending limit is $0 :((( have $200 on paypal tho...

well i dont even know how i will pay for VCC when i cant send anything :S
Click to expand...

from what i have read. VCC can be used for PP
 
iwodaveh said:
seriously?
Click to expand...

Goto paymate.com, click register under sellers.

Select "US Standard Account"

Minimum requirements

An established merchant selling on a website with an expected minimum of $36,000 in sales within the next 12 months.

Or,

If a seller on eBay then a minimum of 100 feedback points and an expected minimum of $36,000 in sales via Paymate in the next 12 months.
Click to expand...

eBay only accepts

PayPal What just bout everyone uses
ProPay No min requirement, but you gota pay a monthly fee (~30 to 50) plus the transaction fee
Moneybookers No min that I know of, can't really accept payments easily except thru ebay, otherwise you gota contact them to setup for special merchant arrangements
Paymate As above, you gota make a min of 36K in the next 12 months to be elgible
Credit card or debit card processed through the seller's Internet merchant account
Click to expand...

Basically the only options that don't act strictly like signing up for authorize.net or similar is paypal and moneybookers. You can't accept cash, money orders, checks, western union, or anything not on the list above with the exception of certain items (houses, boats, cars, real estate property, etc).
 
Some point's to summarize.

1. Get used to PayPal fees if you want to do business with them & start accept more of the mass payments. But the buyer get's no protection when he makes a mass payment.

2. PayPal Debit Card is only available in U.S & (not sure about Canada) only.

3. Don't validate your accounts with VCC's online. Once your account is held for some kind of investigation on any transaction then you are fucked. Google "PayPal Sucks" for more on what I am saying.
 
iwodaveh said:
u seem to know a lot about paypal...i hope ur making more than ur losing
Click to expand...

Depends on where your customers/clients/payer is at. Myself for example if I didn't accept paypal for most coding task I do, I'd lose out on more jobs than I'd gain. And if I'm dealing mainly with US currency, 2-3% is pretty standard on top of the fact you don't gota pay a monthly service fee.

But... if you still think you're losing too much, stop using it and just have everyone send you a money order. :p
 
Red_Virus said:
Some point's to summarize.

1. Get used to PayPal fees if you want to do business with them & start accept more of the mass payments. But the buyer get's no protection when he makes a mass payment.

2. PayPal Debit Card is only available in U.S & (not sure about Canada) only.

3. Don't validate your accounts with VCC's online. Once your account is held for some kind of investigation on any transaction then you are fucked. Google "PayPal Sucks" for more on what I am saying.
Click to expand...
thanks for the advice
 
You must log in or register to reply here.
Top Bottom