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[OM] Re: paypal

Subject: [OM] Re: paypal
From: "Bao C. Ha" <bao@xxxxxxxxx>
Date: Wed, 20 Dec 2006 10:42:11 -0800
Hi John,

it depends on what form of paymetnts the customer will use. If
it is electronic check, the fee is about 2-3%, but the payment
won't show up until it is cleared 1 day or more from the
cutomer's bank account. If it is credit cards, the fee is
about 4-5%. If your monthly volume is more than $1,000, you
may also get a small break, bringing it closer to an online
merchant account rate.

I used PayPal exclusively, just to discourage frauds as much
as possible.  

Bao

On Tue, Dec 19, 2006 at 05:09:25PM -0500, John Hermanson wrote:
> 
> What's the consenus on paypal?  Have they cleaned up their act?  If, for 
> instance, I sell an item for $500 and accept paypal payment, how much of 
> a fee do they take out of the payment?  I'm thinking of signing up, but 
> still have reservations.
> 
> ___________________________________
> John Hermanson
> Camtech Photo Services, Inc.
> 
> 
> 
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-- 
Best Regards.
Bao C. Ha
Hacom OpenBrick Distributor USA http://www.hacom.net
voice: (714) 530-8817 fax: (714) 530-8818
8D66 6672 7A9B 6879 85CD 42E0 9F6C 7908 ED95 6B38

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