Graywolf is correct that Paypal is rather competitive in the points it charges versus my merchant account, and that they make things extremely convenient, plus have a (perhaps undeserved) level of trust with the general buying public that people may not have with a direct purchase method. From a personal and a business standpoint, I have never had any problems with PayPal in and of itself. However I would offer a different experience regarding people cheating with their credit cards, (not necessarily Paypal); my company loses tens of thousands of dollars per year in contested charges when a service/ product rendered is contested by the buyer at some future point. In almost every such case, the card company finds for the customer. (I'm in the dinner boat business, so think restaurants.) In a few cases, I think it's possible they honestly forgot purchasing some item while on board one of our boats or at one of our land-based facilities, but in almost every case, it is fraud. It is infuriating. It is the cost of doing business.
Michael On Dec 2, 2006, at 8:07 AM, graywolf wrote: > Lots of answers, huh, Dave? I especially like the ones that say I > have > heard bad things about paypal so I don't use it, they seem the most > emphatic. > > I have used paypal for several years. I do not do a lot of dollars > through my account so just have the basic dealer setup where I can > accept payments from credit cards. Yes paypal charges for that > service, > why shouldn't they, they are nice enough to only change per > transaction > instead of having a monthly service charge whether you use them or > not. > > If I did a lot of transactions I would probably have two paypal > accounts > as a couple of folks have mentioned they do. One setup to a separate > checking account to accept credit cards, and one setup to a credit > card > only for buying stuff for the simple reason it is easier to do credit > card purchases if there is no balance in that paypal account. As it is > mine is simply connected to my regular checking account. > > Which brings up the point that paypal takes the money back if the > buyer > makes a complaint. Not always, but the credit card company will > usually > find for the buyer unless the seller can prove he is lying, and takes > the money from paypal, paypal should eat the loss? That is standard > credit card company practice, and US law anyway, do some people use > that > to cheat other people? I guess it happens, but not too often. > Mostly it > is the sellers fault in not making things clear up front. > > Paypal is convenient as hell, I do not know how one can do business > over > the internet without it unless one has their own credit card merchant > account, and that is more expensive unless you are doing a lot of > business. > > --graywolf > > > David J Brooks wrote: >> Hi All. >> >> I have had a nunmber of clients ask if i take paypal. At this time >> only cash or cheque. >> >> I am just setting up for online banking,i;m paranoid still:-),but >> unsure whats involved with paypal. >> >> How do people access my account. I don;t want my visa or bank account >> numbers out there for the taking. >> >> Can those that accept paypal give me an idea of what to do/expect. >> >> Dave, sir paranoid, Brooks >> >> Equine Photography in York Region >> > > -- > PDML Pentax-Discuss Mail List > [email protected] > http://pdml.net/mailman/listinfo/pdml_pdml.net -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
