On Sun, Oct 7, 2012 at 12:10 PM, John Scully <[email protected]> wrote: > So – the source may already have done this, > but it might be worth while comparing actual cost > (by dividing total fees by total sales) to the paypal fees. > You may be surprised. In my case, I thought I was > paying 2.3% but actual average fee was 3.4%. > On $200K in sales per month, that adds up! > When I added paypal as an additional payment type, > it was actually at a slightly lower cost than my regular > CC processing, which I would not have predicted.
FWIW, this parallels my experience with a wholly different second-party payment provider in use by my institution. Which is why I asked. But I guess since I'm supposed to fire myself, it may not matter. > Another possible suggestion for the future might be to add the ability to > “add funds to my account”. i.e. put in $25, then make purchases against > that balance. Means some additional programming, but it also reduces > total fees, which helps when you are doing “micro payment” processing. Convenience is a big part of the mechanics of consumer shopping. It's not about catering to one's every need, but neither does that make options not worth considering either. I like the idea of being able to have funds on hand too. The bottom line for me is: I can go to other shops and buy at anytime without a need for my card or my wallet or any rigamarole. Why wouldn't I choose to do so? And I can't even begin to document the number of impulse purchases I've made for the same reason. Suppliers can take it leave it. On second thought, I'm not going to fire myself (and, jobless or not, I'm sure I will still purchase diagrams from The Source for the simple reason that they have, wisely, basically cornered the market. This isn't true for most of their other offerings). c -- Chris Lott <[email protected]>
