Power Sellers Unite

elgato · Joined: 24 Feb 2005 Posts: 17227 Location: Texas

BidPay launched an API that lets third-party vendors integrate the online-payment service into their eBay Checkout offerings. Sellers who use auction-listing tools with the BidPay integration can offer buyers the choice of using BidPay right at checkout as they complete their eBay transactions.
BidPay said sellers should ask their auction-management providers when and if they plan to integrate the online payment service since the API was launched just last week.

more.. link to news article

techsp · Joined: 12 Jun 2007 Posts: 105

ust received notice fron BisPay about lower fees.
Domestic Transactions: 2.19% + $0.25/txn

International Transactions: 2.9% + $0.25/txn

The change seems to be quite small but is indicative of an increasingly more competitive environment for payment processing.
With GC currently the low cost leader - even in upcoming 2008 with 2% minus credit for adwords spending - Moneybookers with guarantueed funds and no cost for sellers outside currency conversion the merit of merchant card processing becomes more questionable.
Experiences like 6.5% on a US$ payment from Belgium make me take another look at the situation.