on 16-08-2012 05:52 PM
to all sellers, to sellers who dont have direct deposit here,s some facts you might want to think about,if a buyer isn,t going to pay for item they are not going to pay wether it be paypal or direct deposit but if they are going to pay you paypal costs you more fees and takes 5plus days to get money into your bank account but if they pay by direct deposit money is generally in your bank account in 24 to 48 hours no extra fees and very little wait time if you look at my feedback 99% of my payments by depost you will notice these sellers generally praise my prompt payment.so i have had my say the smart sellers will read this and take action to the ones who dont dont bitch about fees as its your own fault
on 16-08-2012 07:56 PM
PayPal is much faster to pay because you dont need to log in to your bank account online - I cant copy/paste so i have to add transfer details in manually which can be prone to mistakes (happened a few times) and it takes time, whereas a click of a button with paypal and you are pretty much done
Plus most of my business goods I can pay for by PayPal, so if i accept it, the money is there to buy off my wholesalers without touching my bank account 🙂
Sure PayPal has fees, but banks charge me for accepting credit charge on my website so to me they both have fees but payPal wins because it is more convenient for me
on 16-08-2012 08:29 PM
As a buyer I prefer PP because I can pay half asleep, and the worst that can ever happen is it will not go through. If I mess up DD the money can end up in wrong account and to get it back is not easy.
As seller, I also prefer PP; it shows whether the buyer paid or not, even if they pay by echeque, I do know they did (waiting does not worry me). But if buyer says that they paid into my account I have only their word for it and no way to know if it is true until the money appears in my account, which means I have to be logging into my bank account to check.
Not to mention that PP makes my accounting so much easier.