Re: [GSAS-board] PayPal

[Erik Olson <erik@thekrib.com>]

As I said, there are no other costs than the ~30 cents + 3%.  No join, no 
renewal, no monthly fees.

   - Erik

On Tue, 23 Jan 2007, SUSAN WELENOFSKY wrote:

> I am familiar with latter half of your message. So, .30 per transaction and
> 3% as well is the total cost per renewal/joining?
>
> Susan
>
> -----Original Message-----
> From: gsas-board-bounces@thekrib.com [mailto:gsas-board-bounces@thekrib.com]
> On Behalf Of Erik Olson
> Sent: Monday, January 22, 2007 11:40 PM
> To: Greater Seattle Aquarium Society board members
> Subject: Re: [GSAS-board] PayPal
>
> 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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