Re: [GSAS-board] PayPal

[Erik Olson <erik@thekrib.com>]

On Mon, 22 Jan 2007, SUSAN WELENOFSKY wrote:

> I think the e-membership break is a good incentive. Also, when I add a new
> member in, there isn't a box for e-mail delivery. I have to do the whole new
> member thing, go out, then go back in to set e-delivery for that person. Is
> there any way we can make it a one-step process?

Easy enough to fix that...done.

> How much does PayPal charge for their services? Does it cost more for credit
> card orders? How much is a business account and what are the benefits?

PayPal "costs" nothing, i.e., no monthly fees or anything of that nature. 
With a business account, they charge (last time I checked) around 30 cents 
per transaction plus about 3 percent of the amount, regardless of whether 
it's a credit card purchase or a bank withdrawl.  One needs a business 
account to accept credit card purchases.  But there are no actual business 
requirements.  You just say the account is a business account and they 
start taking the fees when people send you payments.

PayPal makes money when a seller leaves money in their virtual paypal 
"account" instead of transferring it to your bank, so this is why you have 
to do it manually on a regular basis.  They also make more money off bank 
account payments vs. credit cards, so they really try to steer the 
consumers towards paying with their bank account.  But they don't pass on 
the savings to the sellers, obviously.

   - Erik

-- 
Erik Olson
erik at thekrib dot com
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