My experience with Paypal is that the transaction
for currency conversion is good but the fee charged to use paypal could be
better.
But all in all it is a pretty cheap and secure way
to sell AVRs (trying to keep thread on topic :) )
Still there are plenty of credit card merchants
around that cater for small turnover businesses (remember on the net you
aren't limited by geography when choosing a credit card transaction
company)
I think credit cards are the easiest way for the
majority of customers - just enter numbers and go - then Paypal - then
others.
Remember Visa (and others?) offer people a
Visa debit card that for all intents and purposes appears as a Visa but can only
draw on funds available. Thus if you customers don't have a credit card proper
then it is likely they will have a Visa debit (or other debit)
Having to deposit money directly to a bank account
strikes me as fraught with pitfalls and I've only done it on really small
orders.
Nigel
----- Original Message -----From: Graham DaviesSent: Friday, September 24, 2004 1:39 AMSubject: [AVR-Chat] Re: The cost of money ...--- In AVR-Chat@yahoogroups.com, "Dingo" <nsjunklists@h...> wrote:
OK, I'm learning something here. Western Union is out. Credit cards
are good. It has also been my experience that you get a very fair
exchange rate with a credit card. Also a debit (ATM) card.
So, on to PayPal. I have been assuming that someone paying for my
products with a credit card through PayPal benefits from the same
fair exchange rate as using a credit card in other ways. Is this not
so? Is the credit card debited in the "native" currency and then this
converted to dollars at a rip-off rate?
Before I signed up with PayPal, people had a lot of trouble paying me
from non-dollar contries. Some resorted to mailing a wad of dollar
bills as these were cheaper than dollar-denominated checks. PayPal
has solved this problem and I've received no comments about lousy
exchange rates. Am I setting up my overseas customers for a rip-off?
Graham.
http://www.ecrostech.com