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PayPal is Growing Up!

by tecHead
23 replies
#growing #paypal
  • Profile picture of the author Intrepreneur
    Now all they need to do is advertise one the TV and Get more people shopping online with paypal
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    • Profile picture of the author tecHead
      Originally Posted by Intrepreneur View Post

      Now all they need to do is advertise one the TV and Get more people shopping online with paypal
      more people?? wow.... really? surely you jest...
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  • Profile picture of the author bobcath
    Mmm we'll take a bit of adapting here in the West of Scotland. I went into a store recently for some purchases and a big guy said to me "How would you like to pay pal?" I said "Paypal"..... and he cracked up, said I'd better stop imitating him or else!!!
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    • Profile picture of the author Thomas
      Originally Posted by bobcath View Post

      Mmm we'll take a bit of adapting here in the West of Scotland. I went into a store recently for some purchases and a big guy said to me "How would you like to pay pal?" I said "Paypal"..... and he cracked up, said I'd better stop imitating him or else!!!
      God, I loved Glasgow. It's the only place I've ever been where people who say, "Good morning!" sound like they're saying, "I'm gonna cut your throat, you slimy little *******!".
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  • Profile picture of the author RGallowitz
    that's a pretty good ad from paypal. Looks great.
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  • Profile picture of the author Jmanwarrior747
    Who knew my paypal debit card could do all that?!
    wow, go go paypal!
    Jman
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  • Profile picture of the author Wild Sabre
    Yea. They should have shown you the new **** on how they will charge you fee for every transaction. lol.
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    • Profile picture of the author tecHead
      Originally Posted by Wild Sabre View Post

      Yea. They should have shown you the new **** on how they will charge you fee for every transaction. lol.
      :confused: reality is they pay you for using their debit card.
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      • Profile picture of the author imacamper
        I sure hope PayPal lowers it's transaction costs or we're all going to pay more! LOL.

        Cheers,

        Drew
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        • Profile picture of the author Wild Sabre
          Originally Posted by imacamper View Post

          I sure hope PayPal lowers it's transaction costs or we're all going to pay more! LOL.

          Cheers,

          Drew
          Yea exactly what I meant to say.



          -Wild Sabre
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        • Profile picture of the author tecHead
          Originally Posted by imacamper View Post

          I sure hope PayPal lowers it's transaction costs or we're all going to pay more! LOL.

          Cheers,

          Drew
          I seriously hate sounding like a PayPal employee; but they only charge 2.9% + .30 per transaction. AND they lower that according to your monthly volume. Where can you find cheaper than that??

          pfft.. ClickBank charges a whopping 7.5% per transaction
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        • Profile picture of the author SteveJohnson
          Originally Posted by imacamper View Post

          I sure hope PayPal lowers it's transaction costs or we're all going to pay more! LOL.

          Cheers,

          Drew
          Good grief. Do you people even KNOW how much (little) PayPal charges per transaction? They're one of the cheapest processors around. I pay 2.9% + $0.50 per trans. Where else could I, as a small business person, get that kind of rate?

          Not from my bank, that's for damned sure. And not from any of the other major online processors.
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          • Profile picture of the author birddog200
            Originally Posted by SteveJohnson View Post

            Good grief. Do you people even KNOW how much (little) PayPal charges per transaction? They're one of the cheapest processors around. I pay 2.9% + $0.50 per trans. Where else could I, as a small business person, get that kind of rate?

            Not from my bank, that's for damned sure. And not from any of the other major online processors.
            Seriously, My bank charges me 0%
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  • Profile picture of the author 4success53
    They charge a lot less than my bank processor.

    My bank processor charges a minimum of $39.95 per month whether or not you make a sale. Plus, their fees. Some even charge you if you close your account.

    That is a bummer.

    So, Paypal is still the best.
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    • Profile picture of the author entrepenerd
      Originally Posted by SteveJohnson View Post

      Good grief. Do you people even KNOW how much (little) PayPal charges per transaction? They're one of the cheapest processors around. I pay 2.9% + $0.50 per trans. Where else could I, as a small business person, get that kind of rate?

      Not from my bank, that's for damned sure. And not from any of the other major online processors.
      Originally Posted by 4success53 View Post

      They charge a lot less than my bank processor.

      My bank processor charges a minimum of $39.95 per month whether or not you make a sale. Plus, their fees. Some even charge you if you close your account.

      That is a bummer.

      So, Paypal is still the best.
      Originally Posted by tecHead View Post

      I seriously hate sounding like a PayPal employee; but they only charge 2.9% + .30 per transaction. AND they lower that according to your monthly volume. Where can you find cheaper than that??

      pfft.. ClickBank charges a whopping 7.5% per transaction
      I think the one thing that you're missing here is that you're all comparing rates for internet based transactions, which are significantly higher than non-internet based transactions. What PayPal is promoting here is paying for groceries with your PayPal account. That's a non-internet based transaction and there's no way that stores are going to pay twice the going rate so they can accept PayPal. Many retail stores won't accept AMEX because the processing rates are higher.

      We run a retail shop and pay less than 2% with a very low volume of transactions and less than .07 cents per transactions. Notice the point. That's 0.07 cents, that 7/100ths of a cent per transaction.

      That's a big difference compared to PayPal's rates for small retail businesses.
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      • Profile picture of the author tecHead
        Originally Posted by entrepenerd View Post

        I think the one thing that you're missing here is that you're all comparing rates for internet based transactions, which are significantly higher than non-internet based transactions. What PayPal is promoting here is paying for groceries with your PayPal account. That's a non-internet based transaction and there's no way that stores are going to pay twice the going rate so they can accept PayPal. Many retail stores won't accept AMEX because the processing rates are higher.

        We run a retail shop and pay less than 2% with a very low volume of transactions and less than .07 cents per transactions. Notice the point. That's 0.07 cents, that 7/100ths of a cent per transaction.

        That's a big difference compared to PayPal's rates for small retail businesses.
        Actually, (more than likely), what you're seeing in the video is the flip side of what you're talking about; as the video doesn't focus on the merchant but rather the consumer.

        As a brick & mortar business; you'd simply be accepting MasterCard, (basically how I've paid for everything over the past 8yrs). You'd actually save more money by persuading those consumers, (the ones with PayPal MasterCard debit cards), to use the debit card option; as its cheaper for the merchant.

        What I envision PayPal pursuing is a transaction model that prompts for a different type of verification rather than that of the plastic card, itself. You see in the video, (albeit it be a little scary), dude pressing his thumb print to purchase the movie ticket(s).

        Either way; this is the age of monopolies. Google, Cisco, 3Com, PayPal, Comcast, Time Warner, Wells Fargo... we'll see more of the same and much more PayPal, soon.
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  • Profile picture of the author greersva
    Sweet, That's looks cool!
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  • Profile picture of the author Silas Hart
    I have no problems with PayPal's transaction costs, but I do wish PayPal was regulated as a bank which I'm sure they will be in the future. Now if only eBay would lower their fee's a little bit, I'd be one happy man.
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  • Profile picture of the author Sumit Menon
    Huh? The world with only PayPal as paying option.. What's 18- people supposed to do?

    Btw, look at the TwitterFeed on ChangeHowWePay.com.. 3/4 messages I understood cussed paypal!

    Sumit.
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    • Profile picture of the author tecHead
      Originally Posted by Sumit Menon View Post

      Huh? The world with only PayPal as paying option.. What's 18- people supposed to do?

      Btw, look at the TwitterFeed on ChangeHowWePay.com.. 3/4 messages I understood cussed paypal!

      Sumit.
      people have been cursing PayPal since they were only x.com back in 2000; but, they keep growing... don't they?

      cuss on
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  • Profile picture of the author lakshaybehl
    If I can get 1 click upsells on Paypal I'll die in happiness.
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    • Profile picture of the author Dr Dan
      Originally Posted by lakshaybehl View Post

      If I can get 1 click upsells on Paypal I'll die in happiness.
      with nanacast you can. I am setting mine up now.

      Josh is giving a $1 trial for 37 days to Warrior members here:

      http://www.warriorforum.com/warrior-...-nanacast.html
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      • Profile picture of the author LegitIncomes
        Cool commercial....
        I've been using my Paypal Debit Card (with mastercard logo) for quite a while now. I love being able to use paypal wherever I go, groceries, office supplies, restaurants, etc...
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