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I think I am going to have to institute some factoring changes beyond the rebalancing I alluded to earlier. PayPal is very convenient. The upcoming changes in PayPal mean that they are essentially creating two classes of money. Unless I refuse to (...) (24 years ago, 8-Oct-00, to lugnet.market.services)
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| | Re: Upcoming factoring changes due to PayPal fee structure.
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(...) Since you already know the amount Paypal is going to eat I suggest you simply add that amount to the factoring fees you are currently charging. However, since they can be quite large that might make people use paper (cheques/MO's) more, so you (...) (24 years ago, 8-Oct-00, to lugnet.market.services)
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| | Re: Upcoming factoring changes due to PayPal fee structure.
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(...) Hmm...have you considered charging an overhead-covering fee of, say, the lower of 5% or $5.00? If I needed to send someone in Europe $75.00 and I could pay you $78.75 via PayPal to make that happen, then in the absense of direct P2P (...) (24 years ago, 8-Oct-00, to lugnet.market.services)
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| | Re: Upcoming factoring changes due to PayPal fee structure.
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(...) Charging a simple fee is tempting but based on my analysis not practical. I still have to allocate the fee among myself and the factoree(s) involved and in some cases the exchange rate haircut that one factoree or the other takes exceeds the (...) (24 years ago, 9-Oct-00, to lugnet.market.services)
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| | Re: Upcoming factoring changes due to PayPal fee structure.
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In lugnet.market.services, Larry Pieniazek writes: <snip> (...) <more snippage> OK, I understand that when someone has a 'merchant account' (with the corresponding merchant agreeement), but something about what you said here kept bothering me. So I (...) (24 years ago, 11-Oct-00, to lugnet.market.services)
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| | Re: Upcoming factoring changes due to PayPal fee structure.
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(...) kept (...) anything in (...) miss (...) When you yourself have a merchant account and accept credit cards, it is againsts the terms of the agreement to pass the cost of the transaction on to the customer. Like saying product X is $10 if you (...) (24 years ago, 12-Oct-00, to lugnet.market.services)
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