| 8:41 pm on Dec 8, 2003 (gmt 0)|
That works out to about $.11 for a $.79 song download - a 13.8% processing fee. That still sounds a bit steep to me.
| 10:48 pm on Dec 8, 2003 (gmt 0)|
It's better than Apple's published costs for iTunes I believe (13 cents per dollar)?
| 12:04 am on Dec 9, 2003 (gmt 0)|
Where was this announced? I don't see it on my PayPal page.
| 12:10 am on Dec 9, 2003 (gmt 0)|
You won't find it announced to the consumer end of PayPal.
There's a little more information here [internetnews.com].
Apparently right now it's only for sites with 3000 or more transactions per month under $5 each.
What I really like is that they are going to make PayPal signups really easy and available on the merchant end, which means more instant checkout qualified customers for smaller sites.
| 12:18 am on Dec 9, 2003 (gmt 0)|
If Paypal held on to merchant's money for two weeks then charge a fee based on the total for that period, the rate would be better for merchants. Meanwhile, Paypal could make money off the float. ;)
| 12:24 am on Dec 9, 2003 (gmt 0)|
It would work out great for me as I have several information
products in the $1.39- $3.95 range. Making the sign up
easier will certainly boost sales from the impulse buyer.
| 9:10 pm on Dec 10, 2003 (gmt 0)|
Does anyone know if PayPal will offer the same fraud screening for micropayments as they do for current transactions?
| 12:58 am on Dec 11, 2003 (gmt 0)|
The fraud screening will remain the same. The only current modification is to the fee schedule.
| 1:01 am on Dec 11, 2003 (gmt 0)|
It seems with the 3000/mth they are only targetting medium to large merchants. The small ones still pay the higher fees I assume. Hard to say how to classify the sizes though.