Question
... with a Hitch. Sellers now pay for the service. Oh well, don't we always pay and pay and pay?
http://auctionbytes.com/cab/abn/y06/m06/i14/s02
CyberSource re-launched the BidPay online payment service on Monday. BidPay had been shuttered since CyberSource acquired it from First Data Corp./Western Union last year.
David Hansen, President of BidPay, told AuctionBytes about the re-launch of BidPay in an exclusive AuctionBytes.TV interview that can be seen here: http://auctionbytes.tv/cgi-bin/video...tures&06142006
Hansen, who had also headed the BidPay service under the former owner, said the service is an approved eBay payment service as evidenced by the company's booth at the eBay Live user conference. However, the payment service works differently than the previous BidPay service.
Users will no longer be able to purchase money orders online. Sellers now pay for the service, in which deposits are made directly to their U.S. bank account.
The interview with Hansen will be available on AuctionBytes.TV later this week as part of AuctionBytes' special coverage of the eBay Live event.
Since I took BidPay out of many, many of my auctions (trying to get them all), now they are back?
Answer
USA customers, sellers pay 2.5% plus 50¢.
International customers, sellers pay 2.9% plus 50¢.
Buyers currently pay by credit card which is dumped into seller's bank accounts. In the future Hansen hopes to do bank to bank wire transfers.
I need to finish getting all the BidPay off of my listings.
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Too late! - 6 months in hiatus has killed the name (even though Wagglepop made a staggering comeback after an even longer hiatus).
I am not welcome to use the service anyway, as I am not a US resident.
Kevin
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Sorry-why in the hell would I use a service that is the same now as paypal? What about the sellers who used it who don't have a bank account? What protection does this unknown name provide sellers? How do buyers pay? With a credit card? Can there be chargebacks and the money taken out of an account without permission? The best thing about the service was the fact that someone could purchase a money order from another country and the buyer chose the option so the buyer paid the fees.
I think, all things known, I'd rather give paypal all my info.
I won't be using this new "service", either as a buyer(why would I-paypal gives me a ton more protection if I use my credit card) or a seller(why not keep it simple and just keep using paypal?).
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I liked Bid Pay for International buyers. Worked great for me. There is another service out there called something like Americhecks or such. I'm not familiar with it but I hear it's ok. I'd like to look into that if anyone has knowledge of it. The buyer sends payment, you get a money order. I'd like to get away from Pay Pal but, it's such a household name now it's difficult.
International customers, sellers pay $2.9% plus 50¢
I think you meant 2.9% ? or is that really $2.9% plus 50cents.
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Originally Posted by Empires
I think you meant 2.9% ? or is that really $2.9% plus 50cents.
Yup, I must have been thinking about more dollars coming from my pockets if I don't hurry up and get all of those BidPay logos out of my listings.
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Originally Posted by Kevin_T
I am not welcome to use the service anyway, as I am not a US resident.
Same here. I used to use it to collect payments from US buyers and send the occasional payment to a US seller that didn't want/like PayPal or want to wait for an envelope full of greenbacks or a USD personal check. I'll stick with GBuy for the time being as it's still free ;-)
The new improved BidPay no longer sends Western Union money orders so I'll tell US customers to pop down to their nearest convenience store to buy one there. They're usually pretty cheap and some US banks offer them for free to customers.
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Originally Posted by mommygonecrazy
I won't be using this new "service", either as a buyer(why would I-paypal gives me a ton more protection if I use my credit card)
or a seller(why not keep it simple and just keep using paypal?).
It seems to me that you would still have the same protection as a buyer. As a seller, you're apparently immune to chargebacks. And I don't see a caveat about charging the buyers who choose to use it an extra fee to cover the extra cost, something sellers can't do with PayPal.
That alone makes it attractive to me.
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Originally Posted by indyattic
As a seller, you're apparently immune to charge-backs.
Since the buyers will be using a Charge Card to pay BidPay, who in-turn places the money in the seller's bank account, I would think the buyers could do a charge-back. Also, any business who accepts Charge Cards cannot charge extra for customers using the CC. I think that BidPay will be the payee (not for sure), but I'll bet they will not be taking any hits.
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Originally Posted by elizdale
Since the buyers will be using a Charge Card to pay BidPay, who in-turn places the money in the seller's bank account, I would think the buyers could do a charge-back. Also, any business who accepts Charge Cards cannot charge extra for customers using the CC. I think that BidPay will be the payee (not for sure), but I'll bet they will not be taking any hits.
I would indeed think that buyers could do a chargeback, but their front page says that sellers are immune.
The CC fees - that's their merchant agreement, not mine. I'm still inclined to try charging the users for the BidPay fees, although it sure would make it more legitimate if they would do bank to bank transfers like PayPal does. If that were the case, and the fees were for "electronic payments" and not just credit card payments, then the terms would still be ok according to the merchant agreement.