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PayPal
I have always gotten the impression that some people perceive PayPal as being "second class" way of paying for an order.
Last Christmas I noticed Toys R US took PayPal and today I found a newspaper article in which Continental Airlines started to accept PayPal.
It is great to see that the "Big Guys" are jumping onto something us little guys have known for some time!
Debbie May
http://www.wholesalesuppliesplus.com/
1-800-359-0944
10 comments:
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I GREATLY appreciate you offering Paypal as a payment method! I do a lot of business online and am mostly paid via Paypal. It's great being able to use my Paypal account to pay for the supplies I use!
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That is wonderful! I use Paypal a lot too and wish more online businesses accepted it as a form of payment. It sure is a handy payment method.
Thanks!
Crystal
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Paypal is a second class payment method.
They are not regulated by any state or federal agency, as are the banks and credit card companies. Therefore, they make their arbitrary rules up or have none at all.
And, yes we've accepted over 5000 Paypal transactions on our eBay items, but we'd never add them to our website.
A business that uses Paypal and can not afford a merchant account needs to prioritize. Our merchant account is free and the percentage rates beat PP.
We valve our client's business too much to subject them to the whims of Paypal. They will have nothing if something goes wrong. Please read up on fraud at Paypalsucks.com if you have any doubts.
I doubt you will publish this, but if you do, that explains why you are the company we like to purchase our supplies from!
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Anonymous is absolutely right about PayPal...they write their own rules--similar to offshore gambling sites. They are owned by eBay, so eBay gets their sellers coming and going with listing fees, final value fees and PayPal fees as they kick you out the door.
Don't get too comfortable with them...
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I've been conducting business with my Paypal Business account since 2001. I signed up to purchase my soap and candle supplies using Paypal and before I knew it, opened my own account to receive funds as well. It is now my "preferred" method of payment and a very easy way to do our bookkeeping since it interacts with our accounting software. I totally enjoy the "real time" balance and entries and the fact that I can pass savings and refunds on to my customers on product as well as shipping within a keystroke or two, rather than wait for our credit card processing company to snail their way through their books and post it at the end of our cycle period each month or send a check through the mail. AND PAYPAL REFUNDS ALL FEES FOR THE TRANSACTION. Plus, I get a "kickback" every month just for spending money on purchasing more supplies! I've had over 500 "verified" payments from Paypal and have became a Wholesale Supplies Plus customer long before I was a Paypal member. By the way... I LOVE your site! I've seen it revolve over the years and it never ceases to amaze me! I also enjoy your very informative emails... they, too, have evolved!
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I would like to point out that the use of paypal on a website has nothing to do with offshore gambling or ebay.
As for banks and credit card companies being regulated; have you read the news in the last eight months? :)
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PayPal is hardly a second class payment method. Many of my customers prefer it because they don't have to give out their credit card number or bank account information to a merchant. I offer PayPal as a payment option, and I have a merchant account that accepts the 4 major credit cards. If you are not accepting PayPal you are losing business. Of course, this is just one of many considerations of whether a company wants to offer PayPal as an option or not. Personally, I've used them for 7+ years with no problems whatsoever.
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the ralph lauren polo web-site
takes paypal as payment also
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I too consider Paypal to be a lower class method. They are shady at best.
Posts
Hey, yes, and big thanks for taking it too! PayPal is also really great for merchants just starting out. Most banks want serious fees -both monthly usage and transaction- for Merchant accounts. Quicken and some others is nice, but several are money sucking black holes for most small merchants. PayPal fits the bill for online purchases and most shopping carts and what a lot of new small merchants don't know is PayPal also has a virtual terminal if one also has a physical shopping location. For the 25.00 or so a month, it gives great security. Also, the merchant doesn't keep any customer CC/DC #s of the instore or phoned in purchase. This can really save $$ and adds security. Most CC/DC systems require one to have a Terminal POS system, which is very expensive when starting out. And the card swipes themselves have lately been found to be a security black hole. It's been heavily reported in the news for the last 2years. PayPal rocks.