Post by Ebob on Oct 26, 2004 15:50:01 GMT -5
Why can't you simply give me your credit card no??
The answer is very simple. The same reason you can't do anything with my credit card no. As a new/small business I cannot afford to pay the bank for the privallege of having credit card transactions.
The banks charge hundred of pounds for this privallege - as you know if you've ever been told to spend minimum amount in a shop when you use a card - because the charges are so high for each small transaction.
By contrast PayPal charges are relatively small. I am charged on average between 60p and £1.50 per transaction - a charge which you can see on your invoice. Paypal has another major advantage - it is instant. The moment you press - 'buy' the money is credited to my Paypal account - enabling me to start packing your order immediately - no matter where you are in the world.
PayPal also automatically handles foreign currency conversion - something the banks also like to charge for.
Lastly, PayPal is secure. When you send me a payment by Paypal - I do not see your credit or bank details - it does not even tell me your PayPal account no. - it simply transferes the funds and you are automatically sent a reciept. Your address is also sent to me automatically.
PayPal is simple to set up - you don't need a credit card - I don't have one myself - you only need to have a bank account.
The answer is very simple. The same reason you can't do anything with my credit card no. As a new/small business I cannot afford to pay the bank for the privallege of having credit card transactions.
The banks charge hundred of pounds for this privallege - as you know if you've ever been told to spend minimum amount in a shop when you use a card - because the charges are so high for each small transaction.
By contrast PayPal charges are relatively small. I am charged on average between 60p and £1.50 per transaction - a charge which you can see on your invoice. Paypal has another major advantage - it is instant. The moment you press - 'buy' the money is credited to my Paypal account - enabling me to start packing your order immediately - no matter where you are in the world.
PayPal also automatically handles foreign currency conversion - something the banks also like to charge for.
Lastly, PayPal is secure. When you send me a payment by Paypal - I do not see your credit or bank details - it does not even tell me your PayPal account no. - it simply transferes the funds and you are automatically sent a reciept. Your address is also sent to me automatically.
PayPal is simple to set up - you don't need a credit card - I don't have one myself - you only need to have a bank account.
