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Forum Moderators: buckworks
hmmm .... from what i've read, people need to sign up and wait 2 days or something before they are approved to buy through paypal. i don't know if that's true as i've never signed up and have no intention of doing so. anything i want to buy on the internet is available from sites where i can make my purchase quickly and easily without having to get an account etc. if a site says paypal, i go elsewhere, and i know a lot of others that do the same. having said that, i also know people who will pay via paypal and people that won't buy from the net even if their lives depended on it.
anyway, i think paypal is a restrictive system, so this leads me to ask the following question (which isn't meant to be rude, just worded to make people think beyond the transaction charges):
do you think that the savings you make through using paypal adequately compensate you for the sales lost due to not having a merchant account and/or multiple currency transactions ?
this isn't targetted at any one person, it's an open question to everyone.
For users in Europe, it's much more of a pain, from what I hear. An alternative for European customers would be a great courtesy... and ProPay (while the merchant has to process transactions manually, or send out email invoices) has fees not much higher than PayPal.
For a merchant based in Europe, I've heard good things about WorldPay... but if your business is primarily US-based, paypal is a fairly good way to go.