Re: one word: - Posted by Bill in GA
Posted by Bill in GA on March 10, 2006 at 10:21:49:
That word being said …
I’ve worked extensively with paypal both personally and within a large scale corporation. The corp I work for contractually has to accept paypal, but tries to avoid it whenever possible. The transaction costs are just too high when working in any kind of volume.
Also, it is very easy with paypal for a buyer to demand their money back if they have a gripe. This tacks on a good bit of risk that I’m sure you would like to avoid.
If you absolutely are sure you want to accept paypal, here’s a tactic you can try. My wife accepts paypal for her online business, to good effect, but then again she’s not dealing with any high transaction volume. One tactic that we’ve discovered is, to try to prevent problems, have two different banks. The first bank is linked to your paypal account; you collect payments there. Frequently withdraw this money, as CASH. Then deposit into your second bank, breaking the paper trail. That way, if paypal decides to suck a payment back out of your account, they’re sucking from the bottom of the glass.
Best of luck,