Why we use PayPal

mosc · Posted: Wed Apr 23, 2003 10:21 am Post subject: Why we use PayPal

Why we use PayPal

We did quite a bit of research on the subject of online credit card processing. We found that there are many companies who provide merchant accounts and processing gateways, but virtually all have minimum monthly fees. For a small startup operation like electro-music.com, these monthly fees are prohibitive. We found that PayPal offers us the best solution for processing credit card orders and for transferring funds to artists.

PayPal offers us secure credit card processing with no monthly fees.

Since we transfer all credit card processing over to their secure SHTTP server, we don't have to buy a digital certificate for our server.

PayPal is owned by EBAY, the largest online auction business. Their server is very reliable and secure. PayPal's service is excellent.

Buyers of CDs don't have to get a PayPal account.

By using PayPal to process credit card orders, we do not have to keep customers' card numbers in our database. In fact, we don't ever see this information. We think this protects our customers, and ourselves.

The only downside is that the fee PayPal charges for each credit card transaction is relatively high, about 3%.

We pay our artists through PayPal as well. Artists can get a PayPal account for free. There is no monthly maintenance charge. PayPal can be setup to transfer funds directly to the artist's bank account, again at no charge. There are no fees when transferring from one PayPal account to another. It's an instantanious transfer.

There is an online record of fund transfers that is available to both parties. We think this could minimize disputes and misunderstandings.

More information can be found at the PayPal web site: http://www.paypal.com

seraph · Posted: Wed Dec 31, 2003 7:11 am Post subject:

now that many electro-music.com members are from outside the U.S.A. we should investigate the paypal solution.
if you go to
http://www.paypal.com/cgi-bin/webscr?cmd=p/gen/approved_countries-outside
you will see that PayPal accepts withdrawals to local bank accounts in selected countries like mine but users in those countries may withdraw funds only to a U.S. bank account.
That's certainly a limitation because I would need to open an American bank account to receive payments for any sale through paypal.
Am I right?

elektro80 · Posted: Wed Dec 31, 2003 7:51 am Post subject:

Uhhhhh..... is that right??? Shocked

mosc · Posted: Wed Dec 31, 2003 9:19 am Post subject:

seraph · Posted: Fri Jan 02, 2004 5:51 am Post subject:

elektro80 · Posted: Fri Jan 02, 2004 8:55 am Post subject:

HEY!, Norway is on the right list... seems like Carlo has to move here...

elektro80 · Posted: Fri Jan 02, 2004 8:58 am Post subject:

mosc · Posted: Fri Jan 02, 2004 9:07 am Post subject:

Looks like to me that both Norway and Italy are withdrawal countries.

I couldn't paraphrases the PayPal legal agreement. I've never had any problmes with them and for the relatively small amounts of money we are talking about here, this seems to be the way to go.

If you live in a PayPal non-withdrawl country, I'll send a check.

elektro80 · Posted: Fri Jan 02, 2004 9:14 am Post subject:

Nah... only the countries makred with the cross are withdrawal countries.

Italy is not marked with a cross.. France and Norway and a few more are..

mosc · Posted: Fri Jan 02, 2004 9:25 am Post subject:

Huh?

http://www.paypal.com/cgi-bin/webscr?cmd=p/gen/approved_countries-outside

Looks like Italy, France, and Norway have the same double-cross. At least on my browser.

seraph · Posted: Fri Jan 02, 2004 9:48 am Post subject:

I guess they do not have updated all their pages so in a few of them Italy is a "withdrawal" country in others it is not.
Today I have registered but I am not really sure what's going on.
I'll try to withdraw some money and see what happen Idea

mosc · Posted: Fri Jan 02, 2004 10:01 am Post subject:

seraph · Posted: Fri Jan 02, 2004 10:16 am Post subject:

seraph · Posted: Fri Jan 02, 2004 10:28 am Post subject:

elektro80 · Posted: Fri Jan 02, 2004 10:45 am Post subject:

Yeah... probably a browser issue...

carolec · Joined: Jan 04, 2008 Posts: 1 Location: philadelphia

i find the fees associated with using paypal are way too high. i have to offset my prices with it, and it pushes away customers. for my credit card processing, now i use http://www.onlinecheck.com/merchant_accounts/credit_card_processing.html and don't have any problems.

mosc · Posted: Fri Jan 04, 2008 9:00 pm Post subject:

Oh, really? What business do you run?

elektro80 · Posted: Sat Jan 05, 2008 4:15 am Post subject:

EdisonRex · Posted: Sat Jan 05, 2008 4:24 am Post subject:

Bet Carolec's not from Philly either.

elektro80 · Posted: Sat Jan 05, 2008 4:28 am Post subject:

metrocast.net

EdisonRex · Posted: Sat Jan 05, 2008 4:50 am Post subject:

a.b.o.z.

Hello,

Is anyone else encounterig this problem?
Friend tried to retrieve password via e-mail but that e-mail with new password isn't comming.
What gives?
Anyone knows?
Thnx

Ivan

Blue Hell

mosc · Posted: Wed Apr 16, 2008 9:18 am Post subject:

If your friend still has problems, please have him contact me with this form. I try extra hard to read these messages promptly. Be sure to have him include his username.

http://electro-music.com/catalog/contact_us.php

a.b.o.z. · Posted: Wed Apr 16, 2008 10:15 am Post subject:

hei howard
he's got problems with paypal in general, not electro-music store.