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elgato
Joined: 24 Feb 2005
Posts: 17227
Location: Texas
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| Posted: Fri Jul 20, 2007 2:05 pm Post subject: eBay's PayPal Raises Rates for Payment-Processing Services |
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Users of PayPal's Website Payments Pro and Virtual Terminal received an email on Thursday informing them that fees were increasing effective September 1, 2007. There's been no announcement on the PayPal or eBay Website. Sellers use the services for processing payments for orders made through their websites and to process phone orders.
The letter told users that monthly service fees for Website Payments Pro and Virtual Terminal will increase from $20 to $30 per month. Transaction prices will remain at $0.30 per captured transaction, but a $0.30 fee will now also be assessed on all successful authorizations that have not been captured within 29 days.
more.. link to news article
AuctionBytes has not yet officially confirmed the increase with PayPal.
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nopaypal
Joined: 23 Feb 2006
Posts: 2008
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| Posted: Sat Jul 21, 2007 4:52 pm Post subject: |
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jeez louise, that's quite a jump!
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EleganzaJewels
Joined: 20 Jul 2006
Posts: 519
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| Posted: Sat Jul 21, 2007 6:00 pm Post subject: |
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Quote: › docWrite("quote")AuctionBytes has not yet officially confirmed the increase with PayPal.
I'll confirm it, I received the email, since I use Paypal Pro on the website. No hidden fees, though, like most merch accounts, so I'll stick with it. |
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lammergeiernet
Joined: 01 Feb 2005
Posts: 1007
Location: Canada
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| Posted: Sat Jul 21, 2007 6:15 pm Post subject: Re: eBay's PayPal Raises Rates for Payment-Processing Servic |
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| Still and interesting choice considering Googlecheckout's rise and Neteller burbling oversea's |
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frontporchdreaming
Joined: 16 Sep 2006
Posts: 877
Location: s/e USA
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| Posted: Sat Jul 21, 2007 6:22 pm Post subject: Re: eBay's PayPal Raises Rates for Payment-Processing Servic |
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| Sure makes you weary. If it's feebay, it's usps & now paypal. Greed knows no bounds. Very hard to keep up with them. Figure every 3 months someone is gonna getcha! Think they're in cahoots? LOL |
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EleganzaJewels
Joined: 20 Jul 2006
Posts: 519
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| Posted: Sat Jul 21, 2007 6:46 pm Post subject: |
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No biggie, frontporch, it's all part of doing biz :-) Nothing's going down, it's got nowhere to go but up. Just tack it on the back end and keep on movin', I do! $30 a month plus processing fees really isn't that bad.
I accept GCO payments, but only on Base or Ecrater sales. For the main site, where most of the sales come from, I prefer using the Virtual Terminal. GCO keeps some of my customers' info from me, and also can go into the bank account on a chargeback, so that's the reason I'm standin' pat.
Moving stuff around and am going to add Moneybookers, when I get set up. I sold 2 chains to a guy in Sweden this week, he gave CC info, but PP Pro is US only. I offered the guy GCO or PP, whichever he preferred, and he immediately sent a PP payment. Which tells me international buyers may have a PP account, but they want to pay in another method with their credit cards!
Hey, starting a post on international mailing/shipping in a sec, make sure and weigh in, Lammer! |
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