When it was founded in 1998, PayPal was among the first companies that allowed people to easily transmit funds to one another over the Internet. It now has 113 million users worldwide,...
When you consider 2% of accounts in context of PayPal's 113 million users, RARE is not the word that comes to my mind.PayPal’s Ms. Hutchison said situations where people had to wait to access their funds were rare, affecting about 2 percent of accounts. Very few of those were extreme cases, as when an account is frozen, she said.
As Nate Dogg sings: "They can come closer than close. Original they never will be. We are bumping from coast to coast. We are just trying make you see. Nobody does it better."...even if competitors found a way to make payments simpler, none of them have the global reach of PayPal.
What would you want dwolla?I wish there were other payment gateways that we can use in xf. I absolutely HATE paypal and the amount of fees they take...
Meh. It's technology. If you give it to 1 person, it most likely works 100% of the time. If you give it to a million people, some are bound to experience issues. Sure, 2% is a lot of people, but 113 million people with no problems would also be a very ideal world.When you consider 2% of accounts in context of PayPal's 113 million users, RARE is not the word that comes to my mind.
As Nate Dogg sings: "They can come closer than close. Original they never will be. We are bumping from coast to coast. We are just trying make you see. Nobody does it better."
100% With you.If there was a viable alternative to Paypal id use it.
Bingo !!!Google Checkout ?
Let's compareI think paypal fees is very high.
Paypal's fees for sales and debit/credit cards within the US are the same as Google Checkout's fees for pulling in less than $3k a month. (2.9% + 30 cents), so a $10 payment on Paypal would also be 59 cents in fees. Google's would likely be lower only if you made more than $3k a month in sales. This is just looking at the broad spectrum here, there's certainly intricacies and other conditions that vary the fee for both services.Let's compare
If I sent you $10
How much would Paypal take ? (What would their cut be?)
59 cents ... Does that sound fair?
Google Checkout https://checkout.google.com/sell/
View attachment 32404
Having used Paypal myself... I know Google Checkout's fees are less. It would have cost you a lot more than 59 cents / 0.59 to accept $10 using PayPal
Paypal
Total amount: $10.00 USD
Amount: $10.00 USD
Tax Amount: $0.00 USD
Ship Amount: $0.00 USD
Fee amount: -$0.59 USD
Net amount: $9.41 USD
Oh, so they've lowered their fees since the last time I used them.Paypal's fees for sales and debit/credit cards within the US are the same as Google Checkout's fees for pulling in less than $3k a month. (2.9% + 30 cents), so a $10 payment on Paypal would also be 59 cents in fees. Google's would likely be lower only if you made more than $3k a month in sales. This is just looking at the broad spectrum here, there's certainly intricacies and other conditions that vary the fee for both services.
Honestly I'm not entirely sure what they add in for international, whether its a currency conversion ordeal and/or just a % + fixed rate for certain conditions. I'll try and pull up one from an non-US customer as I do have those but it says on Paypal's site:Oh, so they've lowered their fees since the last time I used them.
Here is something... Does Paypal still charge you an international fee?
That is to say, if I sent you Euros ... Does paypal still add an extra fee to convert that?
Google Checkout doesn't
International Sales:
3.9% transaction fee plus a fixed fee based on currency received.
Having just pulled up a transaction from a customer in the UK, they paid $40, paypal took $1.86 in fees.Outside the US:
Small fee of 0.5% to 2% (depends on destination) when fully funded with bank account or PayPal balance. 3.4% to 3.9% if paying with a credit or debit card.
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