Subject:
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Re: No more CC freebies at PayPal (eff 11/6)
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Newsgroups:
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lugnet.market.services
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Date:
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Sun, 4 Nov 2001 16:47:33 GMT
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Viewed:
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2128 times
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In lugnet.market.services, Lindsay Frederick Braun writes:
> In lugnet.market.services, Julie Krenz writes:
> > I saw this on the site, would have been nice if they sent an email:
> >
> > Notice Date: October 11, 2001
> > Effective Date: November 6, 2001
> >
> > To reduce the costs associated with credit card processing, the ability to
> > receive credit card funded payments will become a feature reserved for Premier
> > and Business accounts.
> > Personal Accounts that receive credit card funded payments after 11/06/2001 may
> > accept the payment by upgrading to a Premier or Business account, or they will
> > have to deny the payment. Personal accounts will continue to be able to receive
> > non-credit card funded payments for free. Once upgraded, Premier and Business
> > Accounts may receive unlimited credit card funded payments.
>
> I figured this was coming--it was nice to have the free ride.
> Now sellers who use PayPal have to pay for it, just like every
> other retail merchant.
>
> Sounds fair to me. I've never made my buyers pay it--another
> cost of doing business.
>
> best
>
> LFB
Unless they've changed something else you can still have one Personal and
one Business account simultaneously. Some sellers were already using two
accounts and requesting buyers point out their intent to use a CC funded
payment so they could be directed to the correct one. I never did because I
didn't want to bother keeping track of the CC limit on the Personal account.
Now that the limit is gone and a CC payment to it will simply be rejected it
will be easier to work the two account approach. So the only additional
cost of doing business will be strictly limited to accepting CC payments.
John
#388
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Message has 1 Reply:
 | | Re: No more CC freebies at PayPal (eff 11/6)
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| (...) Nothing has changed,like you mentioned you can still have one personal account & one business account. No more credit cards on the personal account. Which is ok, the majority of my buyers pay with PayPal funds or an echeck so I send them to my (...) (23 years ago, 4-Nov-01, to lugnet.market.services)
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Message is in Reply To:
| | Re: No more CC freebies at PayPal (eff 11/6)
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| (...) I figured this was coming--it was nice to have the free ride. Now sellers who use PayPal have to pay for it, just like every other retail merchant. Sounds fair to me. I've never made my buyers pay it--another cost of doing business. best LFB (23 years ago, 4-Nov-01, to lugnet.market.services)
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