Google Checkout Raises Fees, Copies PayPal's Tiered Fee Structure
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03-11-2009, 07:00 PM,
Post: #1
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Google Checkout Raises Fees, Copies PayPal's Tiered Fee Structure
announcement Wrote:We're writing to let you know that on May 5, 2009, Google Quote:Beginning on May 5, 2009, transaction processing rates will be determined by your sales volume during April 2009. Each month thereafter, we'll continue to use the prior month's sales volume to determine your transaction processing rate. Learn more |
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03-12-2009, 12:54 AM,
Post: #2
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Re: Google Checkout Raises Fees, Copies PayPal's Tiered Fee Structure
Quote:Copies PayPal's Tiered Fee Structure GC's new rates are the same as PP but many sellers (like myself) will end up paying higher rates to use GC than PP because GC requires a different account for every website/selling venue while PP allows you to use one account for all sites your business operates on. I pay PP 2.2% but I'll be paying GC 2.5%-2.9% depending on the website since I'm forced to use a different account for every site. |
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03-12-2009, 01:36 AM,
Post: #3
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Re: Google Checkout Raises Fees, Copies PayPal's Tiered Fee Structure
[quote author=amy link=topic=18950.msg74141#msg74141 date=1236819256]
Quote:Copies PayPal's Tiered Fee Structure GC's new rates are the same as PP but many sellers (like myself) will end up paying higher rates to use GC than PP because GC requires a different account for every website/selling venue while PP allows you to use one account for all sites your business operates on. I pay PP 2.2% but I'll be paying GC 2.5%-2.9% depending on the website since I'm forced to use a different account for every site. [/quote] Wow, I hadn't thought of that, but I suppose Google did. How can a company with the revenues of Google justify competing with Paypal offering the same rates (higher with Amy's scenario) when: A: Paypal offers instant access to payments, while Google usually means you have to wait 2-4 days. B: Paypal is offered nearly everywhere, while less than 25% of Paypal merchants also accept Google. C: Paypal is on eBay, Google is not. So, what is the incentive for a merchant to accept Google along with Paypal? Unless they make Google Checkout a service similar to Verisign/Payflow, or Authorize.net, with instant checkout on a website as with a normal gateway, it won't compete at all anymore. Those three points will help send Checkout to the same graveyard as many other Google Apps in the next couple years.
"Listen up Mother****er. Try that bulls*** here and I will hand you and your head in a basket"
- Ray Romeo's alter ego Andrew Pittino responding when I signed up a new account on Wagglepop to verify the non-existence of a way to opt out of his sharing my information with third parties. |
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03-12-2009, 10:16 PM,
Post: #4
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Re: Google Checkout Raises Fees, Copies PayPal's Tiered Fee Structure
Quote:GC's new rates are the same as PP but many sellers (like myself) will end up paying higher rates to use GC than PP because GC requires a different account for every website/selling venue while PP allows you to use one account for all sites your business operates on. an example business selling on 3 sites: site 1 $2500 monthly sales, site 2 $2500, site 3 $5000 PayPal: $220 monthly +$0.30*(x transactions) Google Checkout: $270 monthly +$0.30*(x transactions) Google Checkout would cost the example business $600 more per year than PayPal |
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