Compulsory Acceptance of Paypal - BAD NEWS AND NOT FOR US.
It has now been announced (as we suspected some time ago it would be), that ALL sellers will from June 2008 have to accept Paypal as a payment option. While I am sure some buyers will see ths as a good thing, we already know that MOST sellers are totally against this ENFORCED practice. As a result, ourselves and many of our colleagues will cease trading through eBay as a DIRECT result of this move.
WHY ?
The answer to this easy easy to explain.
1. We have past experience of Paypal (none of it good we would add), and our final dealings with them over 2 years ago comprised of a 200.00 loss and a near 2500.00 fraud attempt. SAFE ! - Safe for who - the parties trying to scam we suspect.
2. From a business point of view, we can take ALL card payments direct through our own Merchant accountfrom any part of the world. This actually provides BETTER protection for buyers than an 'electronic payment service' which is EXACTLY what Paypal is. We also get far better rates using our own merchant account, and this saving can be directly passed on to customers.
3. The new 'regime' ACTUALLY gives Paypal the vito on whether a seller gets paid (under certain circumstances) ! HOW CAN THIS BE RIGHT ? What business can operate with a third party controlling the purse ?
4. WE WILL NOT BE PARTY TO A MOVE THAT TO US SEEMS TOTALLY UNFAIR AND SURELY MUST CONTRAVENE FAIR TRADING
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