Reply to "PayPal, what's it good for?"

jacobMember

Hi.

Bidpay offers to send $700 for $20 in fees for the buyer, which can sound very expensive, but ... paypal charges the seller instead, so many sellers have a little notice, that the buyer should pay the extra fess (not all do though). And maybe it's 2.9% + $0.70 of the amount for a US buyer to an US seller... /that would make it $21 in fees ... not THAT bad, but now see how it really become very very bad ...
A transaction between a US seller/buyer to a Non US seller/buyer, will make the fees go up considerably ... namely 4.9% + $0.7 (If I remember correctly), that would be $35, which is almost twice the amount that www.bidpay.com charges.

I haven't mentioned the other pro's and con's for each type of payment (paypal,bidpay), just focued on the price...

Just my two cents...

Regards: Jacob

9/22/039:31 PM

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