Hello Kimo,
Monday, March 26, 2001, 9:08:04 AM, Kimo Baenen wrote:
> Thanks to NAFTA however, it would be very easy for OpenSRS to setup a presence
> in the USA and get a merchant account through an american bank. This would
> defeat the one signature/one transaction issues. We do it for companies all
> the time, setting it up for canadian companies is a sight easier than other
> countries.
> In regards to PayPal, they charge a percentage of each transaction making it
> not as attractive to potentially large volume clients.
This percentage is barely more than merchant account fees would be for
the same transaction.
> I've also heard
> stories of PayPal dropping transactions quite often, sometimes as often as 40%
> of the time in spurts. We've also converted a fair number of PayPal customers
> (or ex-customers I guess) so these are just numbers I've heard from them.
As someone who has used their service since the first month it opened,
and has been a business account holder from the day they started them,
and who does paypal transactions from customers all the time, I've
never had a "dropped" transaction.
I have a merchant account, Paypal is offered a convenience to those
customers who want to use Paypal.
> Of course this doesn't eliminate fraud and chargebacks. It's always an
> inherent danger in this industry. It also reduces the hands on feel of
> registering with them, that I'm sure some people really prefer. In truth, it
> wouldn't surprise me if they don't have something doing online transactions
> already that is only open to their employees after they receive faxes for
> customer orders anyhow.
Paypal provides more protection for merchants than most merchant
accounts do against fraudulent chargebacks.
-- Best regards, William mailto:william@userfriendly.com
This archive was generated by hypermail 2.1.3 : Tue Oct 19 2004 - 23:36:18 EDT