Return to index: [Subject] [Thread] [Date] [Author]

RE: Paypal

[Subject Prev][Subject Next][Thread Prev][Thread Next]

See Gerard…????



I KNEW there was a reason I don’t take credit cards!



Thanks Jordan for the primer!





David L. Fisher SE PE

Senior Principal



372 West Ontario

Chicago 60610



312.573.1726 fax


312.622.0409 mobile


From: Jordan Truesdell, PE [mailto:seaint1(--nospam--at)]
Sent: Wednesday, June 01, 2005 5:38 PM
To: seaint(--nospam--at)
Subject: Re: Paypal


David Maynard wrote:

 " So I guess if the client wants to take on the fee, it would work okay. Seems really simple. "


That's the way that I would do it.  If you are getting charged a fee based on the percentage charged by paypal, just shift that over the client.  If they want the convenience of paying with a credit card, then they should have to pay for that service.  I don't think that is asking too much.  So, a $1,000 bill with a paypal service charge of 3% (going high on this one), would cost the client an additional $30, for the convenience of paying with a credit card.  Then the client would have to ask themselves, is it worth it???  This may not be a bad deal, even if it is only 2 to 3 clients per year.

There are two disadvantages to using paypal.

First, both parties must sign up for Paypal...that means you client that wants to use a credit card must be savvy enough to create a paypal account. The second half of this limitation is that without being a "verified" member - which requires both a bank account and several days (to two months) to set up, plus a physical address verification.  This takes a couple of weeks, minimum, in the best case. Without being a verified member, there is a fairly low limit ($400?) maximum transaction amount.

The second is related to the agreements required to take a CC payment, even through paypal. The first part of this is just supposition, but there could be issues with charging an additional fee for the transaction. Last time I checked, the standard contract forbids passing the CC merchant fee on to the payee in any form. This is why you'll see some low-flying vendors with prices reflecting a  "2% discount for cash". The other part is chargebacks. Chargebacks can be made for practically any reason, including "dissatisfaction" with the merchandise. If your client decides not to build their dream-garage from our plans, they can initiate a chargeback. Vendors usually lost in this situation. And Paypal requires a direct link to your checking account to process the payments (and to remove funds if they deem it necessary).

I've considered it, and decided that it's just not worth it. Cash and carry only, just like the guy on the street corner with the dime bags.

There is a single transaction limit fee for "new"

******* ****** ******* ******** ******* ******* ******* *** * Read list FAQ at: * * This email was sent to you via Structural Engineers * Association of Southern California (SEAOSC) server. To * subscribe (no fee) or UnSubscribe, please go to: * * * * Questions to seaint-ad(--nospam--at) Remember, any email you * send to the list is public domain and may be re-posted * without your permission. Make sure you visit our web * site at: ******* ****** ****** ****** ******* ****** ****** ********