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PayPal Shopping Cart
New feature -- What do you think about it?
physics




msg:636173
 7:39 pm on Jun 18, 2001 (gmt 0)

PayPal has a new shopping cart feature: [paypal.com ] I'm thinking of giving it a whirl as it would be a way to take online cc payments without getting an expensive merchant account, etc. What do you think the potential positives/negatives are?

 

Crazy_Fool




msg:636203
 12:35 pm on Jan 23, 2002 (gmt 0)

salesmaster - i couldn't agree more.

businesses don't actually need to open a merchant account through their banks as companies such as worldpay and netbanx provide internet merchant accounts. ok, they cost 145 per year, but that is loose change for a business. every business can afford that if the business is being managed properly.

i had an enquiry about setting up worldpay on a site in december. sales had been so low that his e-commerce provider pulled out. he was getting the visitors but no sales. i sent a couple of emails explaining the benefits of worldpay and he signed up on the spot. within a week of receiving his enquiry he was trading.

his profit in the last 4 days has more than paid his annual fee to worldpay.

paying an annual fee for a merchant account is an investment that will bring returns.

Salesmaster II




msg:636204
 12:59 am on Jan 27, 2002 (gmt 0)

Thanks Crazy_Fool
Had a look at them both.
Looks like we still have to be carefull, as some of these require extra costs if you dont have a merchant account.
There appear to be two requirements:
First you need to pay for merchant facilities (to be able to accept credit cards), and Second To be able to accept them OVER THE NET.
I believe many of the quoted prices are for the latter, still making it necessary to have a merchant facility (though this facility is offered for a higher premium).
The bottom line whatever the price, and Im glad you agree; is to enable your customer to PAY NOW.
I have pay-pal set up, but am still waiting to recieve any money in the account. When I do, I will be able to push Bretts donate button, but I cant see this happening unless someone strikes my site ALLREADY subscribed to Pay Pal.

Crazy_Fool




msg:636205
 10:32 am on Jan 27, 2002 (gmt 0)

Looks like we still have to be carefull, as some of these require extra costs if you dont have a merchant account.
There appear to be two requirements:
First you need to pay for merchant facilities (to be able to accept credit cards), and Second To be able to accept them OVER THE NET.

no - you don't need a bank provided merchant account to be able to use worldpay or netbank - they both provide merchant accounts to allow sales over the internet. you can also use worldpay for sales by mail order and over the telephone.

there is no need for a merchant account from a bank at all, unless you need to accept credit card over the counter. although worldpay could be used for over the counter sales, the retailer will have additional responsibilities such as retaining suspect cards - worldpay is not authorised to allow that.

I believe many of the quoted prices are for the latter, still making it necessary to have a merchant facility (though this facility is offered for a higher premium).

pricing structures for e-commerce solutions are rarely clear. as a rough guide, if you want to accept credit card payments from your website in the uk, then you must use worldpay / netbanx / ePDQ and so on. bank provided merchant accounts in the uk do not allow internet transactions. if you have a bank provided merchant account, then your fees to worldpay etc will be lower, but these are in addition to your bank merchant account fees. this can make it more expensive to use a bank merchant account AND worldpay etc than to use worldpay etc on their own.

i have several clients who have (or had) bank merchant accounts but who have switched to worldpay direct as it is cheaper than using the bank / worldpay combination.

one of my clients has just had paypal set up on one of his sites (someone else did this for us) to see if it increased sales from the usa. interestingly, he had 2 sales yesterday from the us, both of which went through worldpay (set up for US$). we'll have to wait and see what happens over the next couple of months or so.

Salesmaster II




msg:636206
 11:34 pm on Jan 28, 2002 (gmt 0)

Thanks Crazy-Fool for the confirmation. I think we are saying the same thing (though you probably said it better)..
Merchant facilities are required for internet transactions, though for a slightly higher charge, worldpay provide these, which works out cheaper than a separate merchant account.
Paypal also provide this for no-charge, but not with the impulse "BUY-NOW" ability.

Crazy_Fool




msg:636207
 9:11 am on Jan 29, 2002 (gmt 0)

the one question left now is salesmaster, why are you still using paypal?

Salesmaster II




msg:636208
 2:57 pm on Feb 6, 2002 (gmt 0)

Crazy-horse - You Got me!
Now I have got to speak Positively of Pay-Pal. So I suppose I could say..
"Apparantly there are a few million people already able to Pay by PayPal?. Better not lower my odds by removing them. Hence why I also have No-Chex for UK Traffic.."

Yet I would prefer to say "Im still waiting for a hit to donate to Webmasterworld".

Bottom Line is I think this creats opportunity for a new thread...

"If Maximising Sales means: Maximising Payment Methods.. Who would you List? and why?"
[webmasterworld.com...]

Salesmaster II




msg:636209
 9:48 pm on Feb 7, 2002 (gmt 0)

Crazy-Horse.. Heres another reason: (and I had better start eating my hat) PayPal have got 12 million!
[webmasterworld.com...]

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