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What is wrong with paypal?
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<blockquote data-quote="SidecarFlip" data-source="post: 871853" data-attributes="member: 39764"><p>Additionally, I see 'for sale' stuff on here with a 4% added to the price. The Pay-Pal transaction fee (they are in business to make money after all, only the gummit is 'non-profit'), the actual transaction fee is 3.5% plus 30 cents on any amount, really quite reasonable considering a credit card direct portal (commercial card reader) costs an up front fee plus anywhere from 3% to 5% to the merchant depending on amount charged (the more the portal is used and the charged, total amount, the less the portal fee is.</p><p> </p><p>I also see the 'declare it as a gift' to circumvent the pay-pal fee schedule and thats dishonest.</p><p> </p><p>While I'm not Snow White by any stretch, Pay-Pal is a secure vehicle for my transactions so why would I knowlying screw them. I find that attitude to be less than stellar and I won't buy from or sell to anyone that portrays that attitude.</p><p> </p><p>Pay-Pal works for me because a large percentage of my business if offshore, in foreign currency and Pay-Pal does a foreign to US exchange seamlessly. I get paid in USD, my customer pays in their native currency.</p><p> </p><p>To the Grip n pull owner. besides Pay-Pal, I'd also accept personal checks. Both are instant transactions. Personal checks, as soon as they are deposited, become wire transfers, debiting the check writers account. You need to discuss that with your commercial bank (I have a commercial account for my business. My bank guarantees a person check, just like a cash transaction.</p><p> </p><p>I would refrain from taking ANY money orders except USPS money orders as they can be easily forged (except USPS Money Orders).</p><p> </p><p>Been down this road already.</p><p> </p><p>Maybe Len will chime in, he takes Pay-Pal and personal checks (like I do), probably for the same reasons.</p><p> </p><p>In my business model, a 3.5% (plus 30 cents) surcharge isn't excessive fee wise, for doing business.</p><p> </p><p>Just my views. Been doing this for about 5 years now. Never an issue except the draining of funds, which, Pay-Pal replaced immediately.</p></blockquote><p></p>
[QUOTE="SidecarFlip, post: 871853, member: 39764"] Additionally, I see 'for sale' stuff on here with a 4% added to the price. The Pay-Pal transaction fee (they are in business to make money after all, only the gummit is 'non-profit'), the actual transaction fee is 3.5% plus 30 cents on any amount, really quite reasonable considering a credit card direct portal (commercial card reader) costs an up front fee plus anywhere from 3% to 5% to the merchant depending on amount charged (the more the portal is used and the charged, total amount, the less the portal fee is. I also see the 'declare it as a gift' to circumvent the pay-pal fee schedule and thats dishonest. While I'm not Snow White by any stretch, Pay-Pal is a secure vehicle for my transactions so why would I knowlying screw them. I find that attitude to be less than stellar and I won't buy from or sell to anyone that portrays that attitude. Pay-Pal works for me because a large percentage of my business if offshore, in foreign currency and Pay-Pal does a foreign to US exchange seamlessly. I get paid in USD, my customer pays in their native currency. To the Grip n pull owner. besides Pay-Pal, I'd also accept personal checks. Both are instant transactions. Personal checks, as soon as they are deposited, become wire transfers, debiting the check writers account. You need to discuss that with your commercial bank (I have a commercial account for my business. My bank guarantees a person check, just like a cash transaction. I would refrain from taking ANY money orders except USPS money orders as they can be easily forged (except USPS Money Orders). Been down this road already. Maybe Len will chime in, he takes Pay-Pal and personal checks (like I do), probably for the same reasons. In my business model, a 3.5% (plus 30 cents) surcharge isn't excessive fee wise, for doing business. Just my views. Been doing this for about 5 years now. Never an issue except the draining of funds, which, Pay-Pal replaced immediately. [/QUOTE]
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