Power Sellers Unite

elgato · Joined: 24 Feb 2005 Posts: 17229 Location: Texas

Amazon.com took its Flexible Payment Services (FPS) one step further on Monday, announcing Amazon Pay Now "widgets." Anyone can now use a simple HTML interface to accept Amazon Payments on their site, either alone or with other payment options. Merchants can place Amazon Pay Now buttons on product pages on their own ecommerce websites and can easily integrate Amazon Payments into their shopping carts and checkout pages.

The new widgets are based on Amazon FPS, launched in August, which allows developers to integrate their applications with Amazon's payment-processing capabilities

more.. link to news article

Nikkicute · Joined: 27 Jul 2005 Posts: 879

What are widgets??
I'm lost :oops:

Nikkicute · Joined: 27 Jul 2005 Posts: 879

It says in the article that:
Interestingly, BidPay is the only one of the three PayPal competitors mentioned above that eBay sellers are allowed to advertise in their listings.

What are the other two :?:

elgato · Joined: 24 Feb 2005 Posts: 17229 Location: Texas

A widget (per the net slang) is an item needed or purchased from a seller by a buyer.
Sorry Nikki in my webster's dictionary (copyright 1983) there is officially no description of a widget. :lol:

As for other alternative payment accounts mentioned in the article (but not found on the amazon site easily):

"Online bookseller Steve Weber wrote of the new Pay Now widgets on his blog on Wednesday. "It sure beats sending customers to Marketplace, where you pay the 15 percent commission or (even worse) the customer decides to buy from a competing seller" (http://weberbooks.com/selling/selling.htm)."

"Other competitors include European-based services such as MoneyBookers and NoChex (services that are also allowed on eBay)."

Other online payment services available per auctionbytes.com

more.. link to news article

Nikkicute · Joined: 27 Jul 2005 Posts: 879

So besides PayPal.
You can use Bidpay,Moneybookers and Nochex
on ebay.

I'm liking this Bidpay, sounds nice.
(There is no stored value account with BidPay - payments are deposited directly into your bank account as they are processed from buyer).

Amazon Payments.
(Amazon deposits money in sellers' bank accounts every 2 weeks).

Every two weeks :?:
That's like a regular job, getting paid everyday
two weeks.

Thanks for the info.

elgato · Joined: 24 Feb 2005 Posts: 17229 Location: Texas

If correct, I think $$ is deposited into the sellers account by Amazon ONLY after the buyer has received the new item and approved it. I could be wrong but there were several reasons why I chose NOT to list my merchandise over there a few years back.
Perhaps someone who actually sells over there could clear this up.

KingKong · Joined: 30 Dec 2007 Posts: 79

elgato wrote (View Post): › docWrite("quote")If correct, I think $$ is deposited into the sellers account by Amazon ONLY after the buyer has received the new item and approved it. I could be wrong but there were several reasons why I chose NOT to list my merchandise over there a few years back.
Perhaps someone who actually sells over there could clear this up.

Browsing the forum for some time now, basically using it for information, I've never felt compelled to add to anything, because most of you are far more experienced with the issues on here than I.
When I stumbled upon this one, it worried me (as I plan on selling at Amazon in the very near future). I asked myself how many times I bought from somewhere online, and although it was a pleasant experience, I didn't go back for weeks, months, and in some cases ever. So I emailed Customer Support at Amazon. Notice the dates by the way (very quick reply for such a large corporation)

> 12/28/07 20:50:02
> NAME: David
> COMMENTS: Please fill in the following information:
>
> Product line: n/a
> Are you a Pro-Merchant?: not yet
>
> Please describe the issue:
> I have two questions.
> 1) Amazon pays its sellers every two weeks. I heard that you are
only paid for your sales if the buyer responds back and confirms
shipment, is that true? I only ask because there are times when I
myself have purchased items at online venues, and did not return to
that site for weeks, months, and in some cases years.
>
> 2) Say I sell a dvd on Amazon for $0.99 , is it true that my fee's
would be calculated as follows? $0.99 + 15%
> It's hard to fathem this being correct, as $0.99 cent sellers would
virtually be paying Amazon to sell, sellers profits would be negative.
> aka: Item sells for $0.99
> Minus Closing Fee - $0.99
> Minus 15% Commission -$0.15
> Total Profit or Loss= -$0.15

Their response (Look at the date)
Sat Dec 29 04:50:03 UTC 2007

Greetings David,

Thank you for contacting us with your questions in regards to selling
on Amazon.com.

Once you have received an order in our seller account, you have
received the funds in your Amazon Payments account. We then
automatically disburse the funds once every 14 days, or you can
disburse your funds once every 24 hours manually.

Your buyers do not need to confirm shipment of their orders with you,
nor do you need to confirm shipment with them in order to receive your
funds. However, you are welcome to e-mail your buyers to let them
know that you have shipped their orders.

As for our fees, as soon as a buyer submits payment, Amazon.com adds
the item price and the shipping amount paid by the buyer; this is the
total credit for the sale. Amazon then collects closing fees plus a
commission of 6 to 15% of the sale item’s price; this is the total
debit for the sale. We then subtract the debit amount from the credit
and pay the remainder to your Amazon Payments account.

The amount of the commission varies according to the product line and
how the item is categorized. The closing fee varies by the category of
the item and the shipping method that the buyer selects. The
per-transaction closing fee is waived for Pro Merchant subscribers.
The total due to the seller is figured as follows:

-------------------------------------------------------------
+ Sale Price of the item
+ Shipping Credit
- Variable Closing Fee
- $0.99 Fixed Closing Fee (waived for Pro Merchants)
- Commission of 6 to 15% of sale price
-------------------------------------
= Total deposited to seller's account.
-------------------------------------------------------------

You can view the closing fees for Marketplace transactions at the URL
below:

http://www.amazon.com/gp/help/customer/display.html?nodeId=1161240

Commission rates vary by product line, and are as follows:

Computers = 6%
Camera & Photo, Cell Phones & Service, and Electronics items = 8%
Items in the Everything Else Store = 10%
Musical Instruments = 12%
All other product lines = 15%

In your Amazon Payments Account Summary, your shipping credits are
included as part of your total “Payments Received.” Your
commission
and closing fees are accounted for in the “Fees” portion of your
summary.

For more information about selling at Amazon Marketplace, please visit
the following link:

http://www.amazon.com/gp/help/customer/display.html?nodeId=1161232

I hope this information helps to resolve your concerns. Have a happy
new year!

Did we answer your question? Have another one? Use the appropriate
link below. You may need to copy and paste the full link into your
browser:

Yes, you answered it:
http://www.amazon.com/rsvp......

No, you did not answer it:
http://www.amazon.com/rsvp.......

I have another question:
https://www.amazon.com/gp/help/......

Please note: this e-mail was sent from an address that cannot accept
incoming e-mail.

Best regards,

Darci F.
http://www.amazon.com
Amazon.com Seller Support

--------------------------------------------------
So I'd personally have to say that I am looking forward to moving to Amazon for a large portion of my sales. You don't have to wait 2 weeks, with the exception of the first 2 weeks. After that you can withdraw once a day (24 hours). And you don't need to wait for approval by your buyer.

Plunder · Joined: 31 Aug 2006 Posts: 127

What an incredibly well put together article (in its own right)
you just added.
Lot's of good info for all of us.

Well done and thanks

A Very Happy New Year to All
Mark
The Bidz Team

elgato · Joined: 24 Feb 2005 Posts: 17229 Location: Texas

Welcome to the PSU forums kingkong and for the valuable information on amazon.com, their payment schedule and policies.

I'm going to move this over to the WPS (web payment services) thread. Don't quite know why I placed this OP here :roll:

Nikkicute · Joined: 27 Jul 2005 Posts: 879

Wow, I was just asking about Bidpay, now
it's gone :?:
Isn't that something?

So I guess it's just MoneyBookers and NoChex
and of course the all mighty PayPal. lol

LFRYARTGUY · Joined: 01 Feb 2005 Posts: 568 Location: San Antonio, Texas

a "WIDGET" is an interface (control ) that allows for programmed information or varables to be used across the Web...
for example the Paypal Button that you configure & place on your website is a widget.