Math behind choosing Paypal, CB, or merchant account for receiving payments... are my numbers right?
Sample US$100 initial sale (A) + $10 month recurring payments (B)
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CB = 7.5% + $1 (A intial purchase) and 9.9% (B recurring)
CB fees = $8.5 (A) + $0.99 (B) but get access to affiliates, no chargeback fees, currency fees, refund processing, tax, fraud protection, etc. Payments made in $US.
Paypal (US customer purchases product)= (standard 2.9% + $0.30) +2.5% currency conversion fee to transfer $US into my Canadian bank account.
Paypal fees for US customers = $5.7 (A) + $0.84 (B)
Paypal (Non US customer purchases product) = (3.9% + $0.30) +2.75% currency conversion fee into $US + 2.5% currency conversion fee to transfer $US into my Canadian bank account
Paypal fees for non-US customers = $9.45 (A) + $1.21.5 (B)
+ with Paypal there's tons of other hidden fees i'm not sure about. eg.
The $5 Paypal business service fee i'm wondering about is listed here:
https://www.paypal.com/webapps/mpp/u...cale.x=en_CA#8
8.6 Paypal Business Service Fee = $5
Does anyone know if this is per transaction or when/how this fee is charged?
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From what I'm seeing Paypal only makes sense if you're not using affiliates, all your customers are in the US and you have a US bank account. $5.7 (A) + $0.84 (B) but this can quickly change with chargeback fees or lots of unknown Paypal things like account freezes, etc.
Paypal makes no sense if you have customers outside of the US and a bank account outside of the US. $9.45 (A) + $1.21.5 (B)
Clickbank = great if you want no hassles, everything to work and no hidden fees, customers worldwide and bank account outside of US. Also looks to be the best for recurring fee products also with all their features: $8.5 (A) + $0.99 (B)
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My question is has anyone found any reason to use Paypal? From where I'm sitting it looks like the worst option considering hidden fees and all the extra things offered in CB.
Also has anyone done numbers on authorize.net or other merchant accounts?
Any input would be greatly appreciated!
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Alexa Smith Banned-
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