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Paypal

Started by fatolaf, January 31, 2011, 03:08:48 pm

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fatolaf

January 31, 2011, 03:08:48 pm
Due to them basically being far too expensive to use anymore, the shop no longer accepts paypal.

But carries on taking all major credit & debit cards...

Dave

January 31, 2011, 03:33:24 pm #1
They now being so stupid as to price themselves out the market... Utterly ridiculous.

Oh well, no biggie, credit card it is then.

Veldemere

January 31, 2011, 04:15:03 pm #2
Shame, PayPal should have cornered the market and continued to maintain a steady success, but I suppose corporate greed and possibly a victim of their own success with having to support a larger organisation have pushed them into the 'high ticket' customers.
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maelzch

January 31, 2011, 05:33:51 pm #3
Shame, guess I'll stick to cash in hand then!
Painted total 2012: Bought:15  Painted: 74
Quote from: NickAnd thus the true evil of 'Palmer, Hobbykiller' becomes clear...
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Undead Dan

January 31, 2011, 05:48:23 pm #4
How much is Paypal charging now?

fatolaf

February 01, 2011, 04:46:12 pm #5
Quote from: Undead Dan on January 31, 2011, 05:48:23 pm
How much is Paypal charging now?

Put it this way, Moneybookers charge us around £1 for a £100 transaction, Paypal charge nearly £2 for a £15 transction, does not help your margins at all...In fact it kills them,,,, :endit:

Whats worse if you pay them £20 a month for a business account, the only benefit you get is they keep 10% of all your money for 90 days at  time, in case of charge backs. Last year they had nearly 2K of our money earning them interest before I cancelled that particular account....

As for using them on Ebay, as a seller, you pay listing fee, 10% selling fee and then about 5% for your paypal fee, with them being able to refund your money to any buyer they want..

I even had them refund a buyer on Ebay, who they had done a random check on, and decided for him that I had taken too long to post the item and he should get a refund and the transaction cancelled (they of course still getting their fees). The length of time that had gone since he won his item..........3 hours  :endit:

You can't make this sh*t up
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