Paypal with debit card?

[Ian]

Kruszakus, if you are planning on doing big business, and dealing with a lot of money, please take my advise, and do not use paypal.

You WILL come across far to many problems, fees get pretty high, and the day you wake up to a limited paypal account with all your funds frozen, is not nice at all.

I cannot stress more that your best bet is to use a merchant account. I'm not sure what country you are from? But there will merchant companies available in your country. For example, in the UK, you could use www.nochex.com, www.protx.com, etc. What they do, is simply accept credit cards on your behalf, and the payment gets paid into your merchant account, and then directly into your bank account. It's not a matter of "letting it sit and wait with the fear of funds getting frozen, reversed, etc". The ONLY problems you will have is if the customer files a chargeback with their criedt card company, but whatever electronic payment you accept online, including paypal, this can happen.

So yea, do a search for merchant accounts, and look into opening one up. When you need someone to pay you, you simply send an invoice to their email address, and they can pay directly into your account.

If you want any more help, feel free to drop me in a Pee em

 

[OGIGA]

Hey Ian, just wondering how the merchant account compare with PayPal in terms of fees. Most merchant accounts I've seen are priced in a way that it's only reasonable if you have a pretty good sales volume.

 

[Ian]

Well I believe that you can negotiate a price with your bank, if you use your bank.

However, in the UK for example, protx costs just £20 with no other fees, and that's for up to 1,000 transactions per month. Above 1,000, no monthly fees, just 10p per transaction.

So much cheaper than paypal.