homepage Welcome to WebmasterWorld Guest from 54.204.215.209
register, free tools, login, search, subscribe, help, library, announcements, recent posts, open posts,
Subscribe to WebmasterWorld
Home / Forums Index / WebmasterWorld / Ecommerce
Forum Library, Charter, Moderators: buckworks

Ecommerce Forum

    
PayPal annouces micropayments
for digital music authors and providers
amznVibe




msg:633084
 4:44 pm on Dec 8, 2003 (gmt 0)

An extension of PayPal's existing payment service for online merchants, PayPal's new micro-payment fees are designed to give the digital music industry a more cost-effective payment solution for downloadable music.

The new fees will allow these merchants to process payments at a rate of 2.5% plus $0.09 for each transaction.

press release [home.businesswire.com]

 

MarshallClark




msg:633085
 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.

amznVibe




msg:633086
 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)?

Lovejoy




msg:633087
 12:04 am on Dec 9, 2003 (gmt 0)

Where was this announced? I don't see it on my PayPal page.

amznVibe




msg:633088
 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.

sun818




msg:633089
 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. ;)

Lovejoy




msg:633090
 12:24 am on Dec 9, 2003 (gmt 0)

Thanks amznVibe,

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.

jacker




msg:633091
 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?

Cheers
James

pbreit




msg:633092
 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.

jatar_k




msg:633093
 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.

Global Options:
 top home search open messages active posts  
 

Home / Forums Index / WebmasterWorld / Ecommerce
rss feed

All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Terms of Service ¦ Privacy Policy ¦ Report Problem ¦ About
© Webmaster World 1996-2014 all rights reserved