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PayPal 50% increase in nonEbay Payments

PayPal Comes of Ecommerce Age

     

Brett_Tabke

6:21 pm on Jan 28, 2004 (gmt 0)

WebmasterWorld Administrator brett_tabke is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month



Looks like the old rap that it is a Ebay only thing is fastly going out the window:

[internetretailer.com...]

PayPal’s revenue increase includes a 49% year-to-year rise in revenue from payment transactions processed for merchants other than eBay.com, a spokeswoman says. PayPal now provides payment services for more than 1 million merchants worldwide, the company reports.

tipped by: Andy Bourlands MarketingWonk [marketingwonk.com]

sun818

7:19 pm on Jan 28, 2004 (gmt 0)

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Maybe credit card companies will be more competitive and offer better all inclusive rates for merchant account and real-time credit card gateways.

andy_boyd

8:13 pm on Jan 28, 2004 (gmt 0)

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It would be nice if some of the other credit card processors adopted PayPal's method of payment as and when you want it, rather than being dictated to by release levels.

CygnusX1

9:24 pm on Jan 28, 2004 (gmt 0)

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I was using PayPal for about 3 years, and I really liked the way their system is set up. The reason I changed from them and started using my own shopping cart is they were making my customers join PayPal before paying. This was a major problem with my customers because they didn't want to join. When I changed to my own shopping cart my sells increased by 35% to 40%. I'm sure it was because I didn't make them join anything.

If PayPal can change their set up, to have it so that people don't have to join before paying then I think it would be a great service.

I personaly don't think they will change that part because it helps with stolen credit cards purchases.

There's my two cents worth.

Monksp

9:44 pm on Jan 28, 2004 (gmt 0)

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I will have to agree with CygnusX1. I have also has concerns from users having to give information to, and signing up with PayPal. On the other hand, as they become more of a common household name people should become less apprehensive about using it.

Maybe already true and backed up by this news.

thaedge

9:55 pm on Jan 28, 2004 (gmt 0)

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Your right CygnusX1, and with C2it.com gone as well what else is there besides hefty monthly fee setups? I wonder how much my own sales would go up if I opted for an alt to paypal *ponders*

dirkz

10:24 pm on Jan 28, 2004 (gmt 0)

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Every browser should have a built-in PayPal access bar. If PayPal becomes common you will never have to worry about payment.

louiseB

11:17 pm on Jan 28, 2004 (gmt 0)

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Every browser should have a built-in PayPal access bar. If PayPal becomes common you will never have to worry about payment.

I like the idea ;)

Brett_Tabke

11:33 pm on Jan 28, 2004 (gmt 0)

WebmasterWorld Administrator brett_tabke is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month



I do too - imagine a paypal toolbar ...hmmm

ecommerce dream team!

fabfurs

11:34 pm on Jan 28, 2004 (gmt 0)

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I see paypal as another payment means to offer along with my standard cc offering. It's amazing how many "paypal" rich customers are out there shopping.

I for one, love finding a merchant that will accept some of my mad money that I keep stashed on Paypal.

louiseB

11:39 pm on Jan 28, 2004 (gmt 0)

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A dream if they accepted AU$ too ;)

Marcus Aurelius

12:27 am on Jan 29, 2004 (gmt 0)

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Unfortunately they block a lot of countries from buying compared to normal merchant accounts. Lots of lost sales there.

nakulgoyal

12:27 am on Jan 29, 2004 (gmt 0)

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Andthey could probably add more and more support for people in other countries. The only problem some people feel is monet can be withdrawn only in banks in certain countries.

amznVibe

2:27 am on Jan 29, 2004 (gmt 0)

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Heh, finally some respect! I've been preaching PayPal here for nearly two years now :)

mayor

6:34 am on Jan 29, 2004 (gmt 0)

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I tried to sign up with PayPal once. Can't remember the details but it was an absolute disaster. I finally gave up.

When I see the PayPal symbol, I think of "merchants" working out of the back of their pickup and I pass.

I'm a lot more comfortable shopping online with the protection of a major credit card.

Emma McCreary

7:21 am on Jan 29, 2004 (gmt 0)

10+ Year Member



I use PayPal for more than just ecommerce, I use it as a front-end to my bank accounts, so I can make instant transfers to and from two different banks online for free. I have separate business and personal accounts at different banks and I use it to pay myself. (You can have a total of two accounts, one Business/Premier and one Personal.)

I use PayPal on my site and often recommend it to the small/home business startups I work with. There are a few problems, namely:

  • aforementioned having to sign up
  • their shopping cart is not very customizable - in terms of looks and things like shipping prices - but you can integrate it into an another shopping cart and just use it for payment
  • their "subscription" system leaves something to be desired - you can't modify a subscription (like upgrade) once it's started, and it's not very customizable
  • stigma of "non-professional" businesses
  • some people don't find it easy to use

But I see the benefits outweighing those - especially for home businesses, which may be very professional and offer better customer service than large corporations, but not want to spend $$ for a merchant account. PayPal is easy, cheap (no setup fees, reasonable rates). It is also very useful if your pages already have a certain format as you can just drop those buttons in and you don't have to configure and populate a catalog.

I would love to see PayPal become more mainstream.

Visit Thailand

7:30 am on Jan 29, 2004 (gmt 0)

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Agree with you completely mayor. If they do not take cards directly I prefer to go somewhere else even if the product I am buying costs more. Won't deal with paypal at all.

bluelook

9:44 am on Jan 29, 2004 (gmt 0)

10+ Year Member



For my products I use PayPal and a separate credit card processor for those who don´t want to use PayPal. I prefer people using PayPal because I can automatically use the money to buy services, and don´t have to wait a month or more for a check, that I need to deposit, yada yada yada.
But PayPal has their problems. I know businesses that stop working with PayPal (and they weren´t adult or gambling sites, just templates), because they started to have problems, after years of using their services...

yulia

3:02 pm on Jan 29, 2004 (gmt 0)

10+ Year Member



I use PayPal on my small e-commerce site. I have very good experience with it. I cannot possibly afford Merchant account. Most of my customers already have PayPal accounts (thanks to eBay). So there is no new "tricks" to learn. They are glad, that I accept PayPal - because they know how to use it and what to expect.

Custom shopping cards still require a lot of info. Plus they are all different in design and features.

tomkee

4:56 pm on Jan 29, 2004 (gmt 0)

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Nice increase in revenue but absolutely no mention of profits. Whats the deal with that?

mansterfred

8:53 pm on Jan 29, 2004 (gmt 0)

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We have been using paypal for the last 6 months in addition to our regular mc/visa account.

The BEST thing is the 1.5% rebate on fees if you buy things with your paypal debit card. We purchase all kinds of materials, thus we net out at a .8% charge plus .30 cents. Way cheaper than any bank charges for discount fees..

Our average ticket is $40 so the discount would be .62 cents
or about 1.6%. Good luck beating 1.6%.

amznVibe

10:26 pm on Jan 29, 2004 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



There is nothing in PayPal's tos that says you can't have both paypal and direct credit card acceptance. If an online merchant has direct cards, try adding paypal and watch the percentage of choice.

I actually trust PayPal over direct cards in some cases because the PayPal records will reveil a little more about the vendor.

Cianna

10:55 pm on Jan 29, 2004 (gmt 0)

10+ Year Member



I accept both PayPal and major credit cards. Our shopping cart came already set up with PayPal as a payment option, so it was quite easy integrating both into our site. It's worked out very well.

afterburner

12:20 am on Jan 30, 2004 (gmt 0)

10+ Year Member



does anyone know if PayPal is associated with the online gaming industry in any way?

Brett_Tabke

12:29 am on Jan 30, 2004 (gmt 0)

WebmasterWorld Administrator brett_tabke is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month



Nice to see PP become so legitimate. You can do/buy almost anything online with PP. I even see someone selling cars with pp as a purchase option.

CernyM

4:52 am on Jan 30, 2004 (gmt 0)

10+ Year Member



A rather annoying issue with PayPal from a vendors perspective is the inability to offer partial refunds.

If a customer purchases from me and returns an item, I refund the purchase price, but not shipping. With PayPal, you either refund all or nothing, unless you go through some strange complaint procedure.

Even worse is if a customer orders two items and decides to keep one and send the other back. Without the ability to refund, you have to send them funds the normal PayPal way, which means they get a discount fee applied to the transaction.

If you don't gross them up, they tend to get upset.

mayor

5:03 pm on Jan 30, 2004 (gmt 0)

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If you buy a car with Paypal and it arrives with no engine, do you have any recourse? Major credit cards say I do!

amznVibe

5:29 pm on Jan 30, 2004 (gmt 0)

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does anyone know if PayPal is associated with the online gaming industry in any way?

I vaguely remember casino and porn use being against PayPal's TOS.
I have read that PayPal has closed accounts for voyeur websites.

amznVibe

5:33 pm on Jan 30, 2004 (gmt 0)

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A rather annoying issue with PayPal from a vendors perspective is the inability to offer partial refunds.

Are merchant accounts able to do partial refunds and get partial fees back?

Kirby

4:26 am on Jan 31, 2004 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



I tried to sign up with PayPal once. Can't remember the details but it was an absolute disaster. I finally gave up.
When I see the PayPal symbol, I think of "merchants" working out of the back of their pickup and I pass.

I'm a lot more comfortable shopping online with the protection of a major credit card.

mayor, you stole my post. 100% agree. Didnt join the Supporters Forum for awhile because all I saw at first was PayPal.

After a major battle with ID theft, its only a credit card (and no branded debit cards) for me.

This 46 message thread spans 2 pages: 46
 

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