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If you're sick of Paypal fees-Try Dwolla

HOBBSTER01
November 27th, 2011, 05:08 PM
This is gonna turn the payment processing industry upside down.
Just .25 per transaction?


http://www.businessinsider.com/this-...2011-11?page=1

robt57
November 27th, 2011, 05:11 PM
Linky stinky

jbmando
November 27th, 2011, 05:25 PM
Dwolla (https://www.dwolla.com/default.aspx)

robt57
November 27th, 2011, 05:42 PM
Thanks, I've been boycotting Pay [throughthenose] Pal and selling on eBay for a while now. I do still the occasional buy on flEbay though...

SolidSnakeBoss
November 27th, 2011, 05:46 PM
I don't think paypal fees are too bad. Ebay is almost 10 percent i think.

SamClemons
November 27th, 2011, 05:59 PM
If ebay does not match it or allow it, it is not going to really change ebay.

Brad Pittiful
November 27th, 2011, 06:15 PM
ebay owns paypal..nuff said

rolling56
November 27th, 2011, 06:35 PM
ebay owns paypal..nuff said

I believe you can use other forms of payment on ebay? dwolla sounds kind of goofy but gives people other form of payment. Also is for USA only right now from what i read?

Brad Pittiful
November 27th, 2011, 06:40 PM
I believe you can use other forms of payment on ebay? dwolla sounds kind of goofy but gives people other form of payment. Also is for USA only right now from what i read?

yes you can use other forms of payment...but i think most people just use paypal for its ease...even though it costs them

rolling56
November 27th, 2011, 06:56 PM
yes you can use other forms of payment...but i think most people just use paypal for its ease...even though it costs them

A monopoly of anything is not good so nice for other alternative but people are fools with their money most days.

Hiker
November 27th, 2011, 07:03 PM
Errrr, listen up campers. Lots of clubs, charities, and people accept Paypal at the moment. This is not all about fleabay, it is about a lower cost alternative to Paypal-for non-ebay payments...

HOBBSTER01
November 27th, 2011, 07:16 PM
I have a feeling you will see sellers posting in their descriptions that they now accept Dwolla.
I don't think Ebay can regulate payment forms.
I think I'll see if I can add Dwolla in my profile.
Let you know.

rolling56
November 27th, 2011, 07:50 PM
I have a feeling you will see sellers posting in their descriptions that they now accept Dwolla.
I don't think Ebay can regulate payment forms.
I think I'll see if I can add Dwolla in my profile.
Let you know.

I just signed up for Dwolla and wasn't a big deal.

domakkah
November 27th, 2011, 08:02 PM
Not yet sure how Ebay and Dwolla will work, but I clipped this from the current Ebay Seller policy:

"Accepted Payments Policy

Our Accepted Payments policy helps ensure that buyers and sellers on eBay are offered safe, convenient payment options.

For most categories, sellers need to offer one or more of the following electronic payment choices:

PayPal
ProPay
Moneybookers
Paymate
Credit card or debit card processed through the seller's Internet merchant account

Additionally, payment upon pickup and Bill Me Later are valid payment methods as well.

Payment methods not allowed on eBay:

For most categories, sellers can't ask buyers to:

Send cash through the mail
Send cash or money orders through instant, point-to-point cash transfer services (that are not banks) such as Western Union or MoneyGram
Mail checks or money orders (except for items in categories specifically permitted below)
Pay through bank-to-bank transfers (except for items in categories specifically permitted below)
Pay by "topping off" a seller's prepaid credit or debit card
Pay using online or other payment methods not specifically permitted in this policy"

There's more, with exceptions for certain types of sales (like auto sales and such). Don't yet know how Dwolla falls in this - I'm just posting it here to help the discussion.

J-man
November 27th, 2011, 08:17 PM
eBay and Paypal are the same company. I doubt they will allow anything that takes business away from Paypal.

KenH
November 27th, 2011, 08:33 PM
I think ebay's policy is you can't exclude PayPal as one of the payment options. I don't see why the seller can't offer Dwolla as a means of payment. You could use upillar.com which allows the buyer and seller arrange their own payment method.

jbmando
November 27th, 2011, 08:35 PM
I think ebay's policy is you can't exclude PayPal as one of the payment options. I don't see why the seller can't offer Dwolla as a means of payment. You could use upillar.com which allows the buyer and seller arrange their own payment method.

I thought so too but I recently ran across listings in which the seller did not take PayPal. I did not buy, so I don't know if this was a violation which eBay would overrule or not.

KokoTele
November 27th, 2011, 09:36 PM
I honestly don't think Paypal's fees are outrageous. They're close to what credit card companies charge for low volume transactions as well.

I think folks just got used to using it for free when it started, then for cheap, and then we got really cranky when they started charging the same as Visa or Mastercard.

I do have a problem with their business practices, though, as customer service is nearly impossible to negotiate, and they make wacky policies sometimes without explanation. After I'd been using them for about 6 months to accept business transactions, they told me that they thought they needed to hold on to my money for a while to make sure my customers received their items. There were no complaints, they just one day decided to make the change.

Since most of my parts sales are special orders, I'm not ordering the parts until I get the payment, so I had to start asking customers to use the gift policy to circumvent this.

DrumBob
November 27th, 2011, 10:08 PM
I have simply put in my auctions, "other forms of payment accepted." The buyer can draw his/her own conclusions, and it doesn't seem to violate any of eBay's policies. Those other forms can be discussed after the sale, if you know what I mean. There are way to get around the eBay/Paypal monopoly, whic I think is unfair, if not unlawful.

robt57
November 27th, 2011, 10:16 PM
I honestly don't think Paypal's fees are outrageous.

Agree, for me it is just more after eBay already charged me to sell, and the monopoly type thing.

I actually had the text of 'Money Order' parsed and I could not complete a listing to sell without taking it out. That was the last sell auction and I just
tossed PP into my embargo. YMMV etc

tap4154
November 27th, 2011, 10:24 PM
Should companies provide their services for free?

I don't have a problem with current PP fees, just as long as they do what they're paid to do.

Should eBay operate for free as well?

Just don't use them if you don't want to pay the fee.

Can't imagine if some guy popped up and said he'd do what I do for a living, for free...

Well, I can imagine. It would be a hack job.

TeleTim911
November 27th, 2011, 10:33 PM
Is Paypal charging you to purchase now? I have not noticed any extra charges on my account for purchases, only for items sold.

I think their fees are about the same as any other credit card for people who are selling an item.

I've noticed more and more convenience stores now have signs up, "No credit/debit purchase under $5". I asked one store why, clerk told me "transaction fees".

SacDAve
November 28th, 2011, 12:03 AM
I’ve been thinking of selling some stuff on eBay and PayPal seems the most logical method for payment. I buy quite a bit of stuff on eBay, the one time I had a problem I had refund from PayPal in just a couple hours. I looked at their fees for selling this is what I found “PayPal fees mainly apply to sellers, who pay a 2.9% transaction fee on the total sale amount plus a $0.30 fee per transaction.” To me this seems very reasonable. What I don’t understand is this new way of thinking everything should be free, dose PayPal have no overhead?

JayFreddy
November 28th, 2011, 05:09 AM
Found the article the OP was trying to share:

http://preview.tinyurl.com/Dwolla-BI

I think it's a great article, and I'm hopeful it could revolutionize the way we pay for things.

We don't believe in credit cards. We believe in authorization and in lower cost transfers. Our generation actually understands that when you buy *****, it comes out of your bank account and you have to pay for that.

I like this guy. He says he wants to get the credit card companies out of my pocket, and all he wants is a quarter... I.e., twenty-five cents. Genius.

I'll be signing up.

Thanks to the OP for sharing this article, I hadn't heard of this company before.

tele salivas
November 28th, 2011, 07:38 AM
If you want to get credit cards out of your pocket, take them out cut them up. Most people will accept a check or Money Order, but many consumers don't want to wait. Waiting for a product to be shipped until after the check or MO clears just isn't an option alot of people will consider. I offer Paypal for my customers because they are confident in its security and deliverables. They also know I will charge them more if they use it, so they have the option of sending a check or MO, but most will just use Paypal anyway. I can see Dwolla being good for business to business, but I have a lot of questions as it being a good option for the average consumer at this point. Interesting financing, even more interesting is how the guy is trying to market the idea to the consumer.

MrCairo46
November 28th, 2011, 07:52 AM
Guys , I own a restaurant, and what PayPal offers for its servive is a good value. Not Great, but to get great you must be tranacting a couple hundred grand a day. Talk to a local small shop owner, CC fees to the vendor can cost 3% to 6%. Heaven forbid a guest get angry with your product and put a stop on it. We can also thank our lovely congress for passing its latest Bank act which lowered costs for some consumers and left retailers stuck with 20% increases in fees effective November 1st 2011. Now I'm not saying there are other pay services that are out there that should not be looked at, heck competition lowers prices, but on the whole PayPal is pretty fair.

JayFreddy
November 28th, 2011, 08:04 AM
As a small business owner, I'd rather pay .25 cents per transaction than 3 to 6 percent of the entire transaction value. If I chose to pass that processing cost back to my customers, I'm certain they'd rather pay the .25 cents too.

It's not about what's fair. It's about what's better.

Mr. Cairo mentioned chargebacks from angry customers. PayPal doesn't protect the seller from that. Apparently Dwolla will, as it works the same as cash.

Anyway, I'm not saying definitively that Dwolla is better than PayPal, I'm just saying it's worth looking at. I think it could be better for most of the kinds of transactions I do...

Whether it's better for you depends on you.

6stringelectric
November 28th, 2011, 08:56 AM
I can see the advantage of this if I was buying something through an online business - but only if they were offering a discount for using it. Otherwise, it's no different for me as the buyer, than using PayPal or my debit card - neither of them charge me anything...

As far as me using it for paying an Ebay auction that I won, again there is no advantage to me -

And as an occasional Ebay seller, although it might seem to have a slight advantage since I would advoid the PayPal fees, that is offset by the shipping discount I can get by printing my shipping label through PayPal so I don't see any real advantage there either.

Now, for a business I can see the advantage to this, but from the consumer end this looks to me to be just another sort of debit card.

GregB
November 28th, 2011, 11:00 AM
EBay is in desperate need of some good competition.

I would love to see a new auction site which would compete directly with EBay on both features and fees. Then again, our company use to share a co-location with EBay and the number of servers in just this one server room were tremendous. You wouldn't believe how many servers it took to run all those EBay transactions.

It would be a steep entry to market, but an auction site which had reasonable fees and a realistic feedback system (as opposed to the completely broken system EBay has now) with a simple to use payment process would kill off EBay in a year.

GregB
November 28th, 2011, 11:05 AM
BTW, my main gripes with EBay are:

1) As a seller if my buyer doesn't pay me I can't give them negative feedback.

2) As a buyer if I give anything less than perfect feedback to a seller then the seller can ban me from bidding on his products. This is because if a seller has anything less than perfect feedback their seller fees go up. Because of these 2 items feedback is now useless.

3) The seller fees are outrageous. I was paying over 10% to EBay on the combined total of the product and the shipping. Yes, they even charge you a percentage of your shipping cost.

4) The seller fees only go down if you're a super seller with over 500 transactions a month. EBay made it's money from people who wanted to sell a few items here and there to clear out their garages and closets. Those people are no longer wanted by EBay, they seem to only want big sellers who produce large amounts of seller fees.

So yeah, they really need some competition in that market.

flyingbanana
November 28th, 2011, 01:43 PM
I was going to sell a couple of items on Ebay recently, but it was easier and I got more money just by selling it to GC....and amp and a guitar. Between the Ebay and Paypal fees, and then the cost of shipping....those would have wiped out quite a bit of profit.

It'd actually be cool to have a different way to get paid by my customers. This company would need to become more mainstream for that to occur. It would be nice.