I'm just wondering here...it seems as if about 90% of A'gon sellers who say they accept Paypal also ask the buyer to eat the 3%.
I've been around this community long enough to know that 3% is HUGE chunk, especially when you consider not many people on A'gon actually have more than 3% profit in the items they are selling (more like -40%). Understandably 3% is A TON for most A'gon users; especially when you further consider that the average transaction on Agon seems to be somewhere around $1500 which translates into a $45 Paypal fee.
So the question I have is, why is Paypal such a popular a payment method on A'gon?? Is it the pure convenience? Or, is it REALLY because Paypal lets you use a Credit Card to send payments to any Paypal Seller? If this is the case, what A'gon sellers are essentially saying is "I will accept Credit Card payments via Paypal." If that is what accepting Paypal really means, and if that is why Agon buyers insist on Paypal, then that is a pretty LARGE convenience to the seller (considering the cost of establishing a merchant account) that the seller should be willing to pay for. As a seller, the thing I hate to do is accept Paypal where the buyer is funding the transaction from his checking account and I have to eat 3% when I could have just accepted a cashiers check for free. So here is the question? Do you guys think that most Agon buyers who use Paypal are funding their transactions with their Credit Cards?
I'm not sure this is the case. I dont seem to remember anyone, if my memory serves me well, that would only buy an item from me if I accepted their Credit Card via Paypal. I have only ever accepted Paypal once (small ticket item), because I was under the impression that most people on Agon typically transact with funds from a checking or savings account (via cashiers check). Am I missing the boat here? Will I sell my items quicker on Agon if I accept credit card payments via Paypal?
I, like most Paypal users, signed up back in the day when Paypal was billed as a free service but then somehow along the way I was bumped up to a Premier account and found myself paying 3%, even when my bother would reimburse me for something personal like lunch. That got frustrating, but I do understand the laws of the Credit Card world and in that world NO ONE gets around the 2-3% fee that credit card companies charge you for putting money in your account today when it will take them at least 30 days to collect it from their cardholder.
So again, the real question at hand is, are buyers who use Paypal insisting on Paypal because it lets them put it on plastic, or are A'gon buyers still using Paypal to move funds from their checking accounts and use Paypal mostly for its convenience. If it is the latter, it sounds like we need a Paypal alternative that caters to the flat fee payment mentality we here at A'gon crave.