Veggie Daves Film.

<9.co.uk>:

Re: PayPal's 4%

I think that's more than a little harsh.

Sure one quid in twenty is a sizeable comission but, if it allows you to
sell 'via the internet' that's access to a large market that you'd have
trouble addressing through conventional means. What you pay in
comissions you'd have *easily* paid in conventional advertising or sales
agent costs.

 

Sorby wrote

Not if you are a stinking capitalist bastard. If you are one of them it
is your right under God.

It is not the payment for the service that I object to. It is, what
appears to me at any rate, the kin exorbitant charges they make. The
British banking system takes the piss out of business and IMHO really is
a major contributor to keeping it down.

 

wrote

Just because you have taken the time and trouble to source a cheaper
advertising medium or found ways to expand your customer base doesn't
give the bankers absolute rights over 4% of every penny you put into the
till. Well it does but it shouldn't.

 

Banks have to deal with huge levels of fraud though. You pay 4% because we
don't burn multiple offenders.

 

'Hog wrote

They set the rates before they opened for business and fraud simply
couldn't happen if they didn't open for business.

 

Drug smuggling?

 

Banks at fault? Makes a refreshing change from "Hughie Scanlon's
treacherous acts".

 

Boots Blakeley wrote

Drugs. Eeuw, how so last century. Porn please.

 

Not quite what I was getting at- my company is quite
capable of providing all the secure facilities for
Veggie to take card details, but the banks simply
won't allow it. Instead they want to charge him to
use their own "approved" system.

 

Capable maybe, but who are you to be trusted to handle peoples' card
details? There is a whole legal and financial regulatory rigmaroule
surrounding this to be considered.

BTW I bet the big companies pay nowhere near 4%. Its the little man
who gets stuffed.

 

I think you've missed the point - the company does no
more than process the card details to take payment.
This has no more inherent security risks than you
handing over your card to the guy in the local garage
to swipe it, or when you phone a company and give
out your details to the company at the other end.

We don't store any information from cards at any
point in time as it's all processed through automated
payment systems.

But in Veggie's case, and getting back to the point,
his bank wouldn't let him use any other kind of card
processing facility except their own, which they
charge rather handsomely for.

Yes, volume transactions do get discount, but not
by much.

 

Point taken, but remember we are talking about institutions who are
still not sure if the move from quill and paper was a good idea. Its
a cartel and even new players have to agree to play by the old boy's
rules.

 

Using the patented Mavis Beacon "Hunt&Peck" Technique, Cane

<G> Not shifting many dinosaurs then?