2006-10-10 03:50:33 · 6 answers · asked by bosslady 1 in Business & Finance ➔ Small Business
I really like paypal
But
the only things I don't like
You can tranfer money into it instantly and it will be there....but if you transfer it out into your checking account it can take up to three days..It doesn't make sense to me..if its an electronic transfer and they can put it in instantly...why can't it transfer into a bank account instantly
And also when accepting credit cards...Paypal will subtract a percentage for each transaction you receive that is used from a credit card. I can add up to being more than just having a credit card terminal.
If you are using it for ebay..ebay will ONLY allow you to use Paypal as an electronic payment because they are OWNED by ebay.
If not..Try LINKPOINT.COM
You can accept credit card payments by typing their info in yourself..Its cheaper
2006-10-10 03:55:21 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I like Paypal. The fees do get expensive, 2.9% of the total amount your are accepting +.30 cents for each transaction. You can however, pass this amount on to your customer. If you're selling on eBay, don't put that the customer is responsible for paypal fees tough, or eBay might pull your auction as they don't allow this. You can put a handling fee on shipping to help cover the cost. When you transfer money from your paypal account to your checking account, it does take 2-3 days as stated by another answerer, but after I think it's like 6 months of having your paypal account, you can get a paypal ATM card. It's free with no fees and you can use it at ATM's for a $1 fee per trans. or you can use it as a debit card anywhere and you earn either 1% or 2% back on each debit trans. Hope this helps!
2006-10-10 11:03:50 · answer #2 · answered by bradys_mommy 4 · 0⤊ 0⤋
when you accept credit cards they take 30 cents plus 2% off the top. The rates may have gone up to 3%. It isn't much but if you are receiving payments in small amounts under say 3.00 it seems like they take a lot. To accept credit cards you have to have a commercial account. you can only switch back to a regular account (to dodge commercial charges) once. They will not let you do it twice. But if you are selling and it isn't just for fun, most people will want to pay by credit card. It will help your business. The decision is up to you.
2006-10-10 11:21:28 · answer #3 · answered by berriebush 1 · 0⤊ 0⤋
PAYPAL is a great tool for collecting online payments but it is expensive. it however is very safe.
2006-10-10 10:53:41 · answer #4 · answered by SKYDOGSLIM 6 · 0⤊ 0⤋
pay pal is pretty reliable, trustworthy, and charges less fees than many other options.
con is must use the Internet.
2006-10-10 10:54:34 · answer #5 · answered by goldenboyblue 3 · 0⤊ 0⤋
Pros it is easy,Cons it aint cheap.
2006-10-10 10:52:34 · answer #6 · answered by Anonymous · 0⤊ 0⤋