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When to Use PayPal vs. Merchant Account

feefighters.com

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Re: When to Use PayPal vs. Merchant Account

#21

Post by runako »

sammcd wrote: post #16

I like the site and think its helpful. I have to say it isn't for my case though. I'm using Paypal's website payments pro for my current app, and that comes with a monthly fee not factored here. Also when I looked at using a real merchant account, these fees vary greatly and no one I was looking at was as cheap as 1.8. All the merchants I looked at were more expensive than Paypal percentage wise. I also feel like thi…

I think the point of the calculator is to get you to request a quote for another merchant provider from FeeFighters if your rates aren't as low as those in the calculator.

Re: When to Use PayPal vs. Merchant Account

#22

Post by pitdesi »

sammcd wrote: post #16

I like the site and think its helpful. I have to say it isn't for my case though. I'm using Paypal's website payments pro for my current app, and that comes with a monthly fee not factored here. Also when I looked at using a real merchant account, these fees vary greatly and no one I was looking at was as cheap as 1.8. All the merchants I looked at were more expensive than Paypal percentage wise. I also feel like thi…

Check out the gear thingy under the total volume slider that says "More options? We have some, try the comparison with Paypal Pro..." ;)

Apparently, when you were looking for a merchant account, you weren't using FeeFighters to bid down your fees ;) or you would've gotten a better rate.

Try us out!

Re: When to Use PayPal vs. Merchant Account

#23

Post by RickHull »

keltex wrote: post #10

Ok, so I go to the site and the default settings have $20K per month in sales with $440 for Paypal and $478.90. The difference is $38.90. Or 0.2%. If your going to choose a credit card processor exclusively based on saving 0.2%, then I don't know how the hell you got to $20K in monthly sales.

> Ok, so I go to the site and the default settings have $20K per month in sales with $440 for Paypal and $478.90. The difference is $38.90. Or 0.2%.

I believe that default was chosen to illustrate the 'inflection point'.

Re: When to Use PayPal vs. Merchant Account

#24

Post by drm237 »

I used to recommend PayPal Website Payments Pro until they screwed me recently. I assumed the people that were abused by PayPal were few and far between until it also happened to me. Now I tell everyone to get a real merchant account. It's just not worth gambling with your ability to process transactions.

Re: When to Use PayPal vs. Merchant Account

#26

Post by notahacker »

jayzee wrote: post #2

As always gotta love the feefighters design and graphics. But I would have just preferred to see a 2D plot with average transaction and monthly volume along the X and Y and regions shaded as blue/red for paypal/merchant account.

The design's beautiful, but I can't help wondering why they didn't stick a PayPal affiliate link below the PayPal fees table and a "sign up to compare merchants" link below the merchant fees table

Re: When to Use PayPal vs. Merchant Account

#28

Post by pitdesi »

notahacker wrote: post #26
jayzee wrote: post #2

As always gotta love the feefighters design and graphics. But I would have just preferred to see a 2D plot with average transaction and monthly volume along the X and Y and regions shaded as blue/red for paypal/merchant account.

The design's beautiful, but I can't help wondering why they didn't stick a PayPal affiliate link below the PayPal fees table and a "sign up to compare merchants" link below the merchant fees table

Working on it... we actually didn't post this to HN or expect the traffic bump, or we would've done that before. It takes a while to get approved.

The main thing we're interested is drawing traffic to http://feefighters.com for people to run auctions and get the best rates on their credit card processing, but it would be nice to pick up some affiliate revenues as well.

Re: When to Use PayPal vs. Merchant Account

#29

Post by SriniK »

keltex wrote: post #10

Ok, so I go to the site and the default settings have $20K per month in sales with $440 for Paypal and $478.90. The difference is $38.90. Or 0.2%. If your going to choose a credit card processor exclusively based on saving 0.2%, then I don't know how the hell you got to $20K in monthly sales.

Also there is no mention about Adaptive Payments which supports micro payments.

Micropayments - 5% + $0.05 Regular - 2.9% + $0.30

Re: When to Use PayPal vs. Merchant Account

#30

Post by jasonlotito »

MrAlmostWrong wrote: post #25

They left out the 'Paypal might hold all your funds and make it a pain to get them back' fee.

This is true even if you have your own Merchant Account. Though, if you have your own merchant account, your rep is probably more accessible.

While people like to blast PayPal, they all to often forget that merchant accounts are controlled by banks who can be even more uncaring.

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