Re: Paypal.com/X.com

From: Doytchin Spiridonov (info@webyou.com)
Date: Sat Jul 15 2000 - 07:41:56 EDT


That is good but they still support only US residents..

Regards,
Doytchin.

----- Original Message -----
From: William X. Walsh <william@userfriendly.com>
To: <bizops-list@opensrs.org>
Sent: Saturday, July 15, 2000 12:42 PM
Subject: Paypal.com/X.com

> Hello all. There was some talk awhile back about Paypal.com on the
> discuss list, but I feel this update is more appropriate here.
> Finally X.com merged the two websites into one this weekend, and
> rolled out a new service as well that may be of interest to some RSPs.
>
> First of all, a number of weeks ago, they created Paypal Business
> Accounts for businesses to receive payments. The fees are only 1.9%
> for received payments, no fees for sending payments to others or
> making disbursements to customers/users/etc. Business account holders
> can also do the auto sweep feature for an additional 0.6% where Paypal
> will sweep the funds in the business account every night into your
> existing bank account. Or you can save the 0.6% and login and make
> your direct deposits to your bank (or request a check) for free (the
> do-it-yourself plan :).
>
> Now they added Web Accept, where business account holders can link to
> a one-step process for people to make payments or buy things on the
> business's website. They have a tool for making the links that is
> very flexible and easy to use as well. This addresses the concern
> many had that users had to go through about a 3 step process to make
> payments via paypal. Now it is just one form, one step, and it's all
> taken care of quickly and easily for the user. The user is even sent
> back to your website afterwards automatically. As a bonus, if the
> user has never had a Paypal.com account, and they make a payment using
> Paypal from your site's link, you will get a $5 referral bonus as well
> (with no limits on the number of bonuses).
>
> Disclaimer: I am not employed or otherwise paid by X.com, I'm a happy
> customer both personally and professionally, and have both checking
> and savings (cd) accounts with them, as well as personal and business
> Paypal accounts. I have been MOST happy with them, and the only thing
> that would make their service better, for personal accounts, is to add
> in the credit card access to Paypal account funds like Ecount.com has
> (they issue a mastercard number that can be used anywhere to spend
> your Ecount.com funds).
>
> Services like Paypal will change the way smaller businesses and newer
> business online can do electronic payments, in a much simpler, safer,
> and cheaper way than has been available via traditional merchant
> account services.
>
> Consider me a proud customer, and glad to complement them.
>
> --
> Best regards,
> William mailto:william@userfriendly.com
>
>



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