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Paypal inquiry

Posted: Wed Jan 10, 2007 1:12 pm
by Obadiah
Would paypal be an alternative to using a credit card processing company?

Posted: Wed Jan 10, 2007 1:25 pm
by feyd
Possibly, but, personally, I would consider the company I'm dealing with pretty small-time if they used Paypal as the primary payment service.

Posted: Wed Jan 10, 2007 1:26 pm
by Kieran Huggins
There's a website somewhere that talks about this in detail.

They have non-branded solutions as well.

Posted: Wed Jan 10, 2007 1:38 pm
by Obadiah
Kieran Huggins wrote:There's a website somewhere that talks about this in detail.

They have non-branded solutions as well.
thanks kieran....i already checked out the tour...seems it is an alternative

@feyd= would you suggest using a processing company for online payments?

Posted: Wed Jan 10, 2007 1:40 pm
by Kieran Huggins
Just curious: how are their non-branded solutions not what you're looking for?

Posted: Wed Jan 10, 2007 1:40 pm
by feyd
It depends on what your customers will think when being processed by Paypal, versus some other service, versus only seeing your guys' service. If I find that my information is being processed by a third-party I will typically check up on them before completing transactions. At the very least, Paypal is large enough that they, overall, want to keep the experiences good.

Posted: Wed Jan 10, 2007 1:55 pm
by Obadiah
im looking into doing the entreprenuer thing and as of right now i work as a web, application and graphic designer for a credit card processing company. if you built a website for a small business and they wanted ecommerce what would you suggest?

Posted: Wed Jan 10, 2007 3:10 pm
by RobertGonzalez
Who's your greatest potential market? Credit card processing costs money to start, while Paypal can offer you the potential to invoice, collect, manage and report on fund transfers throughout the year. They have interfaces that can be integrated into your site so that users don't even know they are paying through Paypal, but the bigger question is who are you trying to reach as an entrepreneur?

Posted: Wed Jan 10, 2007 3:41 pm
by jason
feyd wrote:Possibly, but, personally, I would consider the company I'm dealing with pretty small-time if they used Paypal as the primary payment service.
I'm actually quite happy when I find companies, even larger ones, that allow PayPal as a means of payment. It allows me to pay via whatever method I have setup with PayPal. This can be CC or my debit card. Sometimes I put things on my CC, other times, I'd prefer my bank. Either way, PayPal is a convenience, and option.

Furthermore, I understand how hard it is for smaller companies to obtain credit card processing, and more importantly, to setup credit card processing. It can be an expensive endeavor for minimal return. Nothing is wrong with processing with PayPal as a smaller merchant. Indeed, as a consumer, I'd be more apt to trust a smaller merchant with PayPal because at least I know the brand of PayPal, and I know that PayPal is probably more secure than the smaller merchant.

Posted: Wed Jan 10, 2007 4:41 pm
by Obadiah
@everah=i didnt understand two of your questions, what do you mean by who is my greatest potential market and who am i trying to reach as an entrepreneur?

do you mean my focus...like am i focused on helping small businesses? :?

Posted: Wed Jan 10, 2007 9:08 pm
by feyd
jason wrote:I'm actually quite happy when I find companies, even larger ones, that allow PayPal as a means of payment. It allows me to pay via whatever method I have setup with PayPal. This can be CC or my debit card. Sometimes I put things on my CC, other times, I'd prefer my bank. Either way, PayPal is a convenience, and option.
I guess I wasn't understood completely.

I have no problem with a company that supports paying through Paypal, and indeed I would prefer to see it over some random processing company. The problem I have with it is where Paypal is the sole route of payment. For myself, that projects a smaller business. There's nothing wrong with a small business, but if you're a big business and still solely using Paypal. It projects something odd, questionable.


Nice to see you here Jason.

Posted: Wed Jan 10, 2007 10:20 pm
by RobertGonzalez
Obadiah wrote:@everah=i didnt understand two of your questions, what do you mean by who is my greatest potential market and who am i trying to reach as an entrepreneur?

do you mean my focus...like am i focused on helping small businesses? :?
My question essentially means who are you looking to service and how will that group be best served by your choice of payment processor?

@jason: Dude, where you been?

Posted: Thu Jan 11, 2007 2:06 pm
by Obadiah
im looking to service anyone who needs it...basically im wanting to do what i do now for a living but without having a boss

@feyd= now when you said
feyd wrote: The problem I have with it is where Paypal is the sole route of payment. For myself, that projects a smaller business. There's nothing wrong with a small business, but if you're a big business and still solely using Paypal. It projects something odd, questionable.
did you mean like businesses that dont even do their own shopping cart? i plan to program all of those myself just for the experience of doing them
feyd wrote:Nice to see you here Jason.
Everah wrote:@jason: Dude, where you been?
:yar:

Posted: Thu Jan 11, 2007 3:29 pm
by feyd
Obadiah wrote:did you mean like businesses that dont even do their own shopping cart? i plan to program all of those myself just for the experience of doing them
My response has less to do with the style they use for the cart/payment and more to do with the actual size of the business. Size unfortunately can mean differing things. The ones I pay attention to are whether they are a reseller vs manufacturer, number of employees, sales data, and if they disclose financial information their balance sheets.

Posted: Thu Jan 11, 2007 3:30 pm
by Kieran Huggins