Msg#: 3721772 posted 8:08 am on Aug 13, 2008 (gmt 0)
I am running one ecommerce site that has only 2 different products in stock. It has only PayPal payment option (account outside US and UK - so no direct payment option PayPal Pro is offered by PayPal). Products are mainly sold to US and CA customers and PayPal works for that great. We had only 2-3 complaints why we are not offering direct CC payments.
We are planning to run another ecommerce site in a month which will have a lot of products and will be focused on EU markets. Do you think PayPal is enough to have as an option? Is it worth getting authorize.net to have as an option for new ecommerce site and pay monthly fees and so on?
Msg#: 3721772 posted 6:15 pm on Nov 7, 2008 (gmt 0)
I currently use paypal and visitors no longer need to register for a paypal account to buy from me.
Yes, this processing of cards directly is convenient for the customer, but what PayPal do not tell you is that the risk of fraud is entirely on your shoulders as a merchant.
At least with Verified PayPal accounts there is a certain speed bump against fraud as customers have verified that they at least have access to the credit card statement or bank statement.
That is not true of the new method. You have liability for fraud and also chargeback fines which PayPal passes on, and no way to control that risk by way of authorization form, etc. as it is not your merchant account, but PayPal's, that is being used. (That is not true of PayPal Payments Pro however.)