glenmore
Well-known member
Anybody try the new Dwolla payment system?
No charge to senders of $, receivers basically pay $0.25 per transaction.
No charge to senders of $, receivers basically pay $0.25 per transaction.
Dwolla instead of PayPal?
- Thread starter glenmore
- Start date
Never heard of it .. who in retail (stores or ebay type business) takes it?
JASTECH
Well-known member
Me no here it.
Neohio
Well-known member
I read about it in USA today a couple weeks ago. The guys that started Elemental Designs (home audio) also started this. It would be cool to see it take off.
lwlobo
Well-known member
Recently read an article about it. Seems like a good deal, could work great for GJ classifieds and such.
I'd love to see a company like that take a huge bite out of the fees the credit card companies rake retailers with. We do need better systems for moving money, I believe outdated and awkward regulations have made this type of system really difficult to set up. Dwolla claims to have figured it out.
I'd love to see a company like that take a huge bite out of the fees the credit card companies rake retailers with. We do need better systems for moving money, I believe outdated and awkward regulations have made this type of system really difficult to set up. Dwolla claims to have figured it out.
As near as I can tell, it works just like PayPal, centered around a bank checking account and an email address, but only costs the receiver of the funds 25 cents.
It can only work with bank sponsorship and it has that backing. Turns out that there are plenty of banks that are willing to cut into that fat 3-4% fees that typical credit cards get.
They also have something new where they will spot you the cash if you are short, and then charge a modest amount of interest if you don't pay it back at the end of the month.
Gee, what could go wrong?
It can only work with bank sponsorship and it has that backing. Turns out that there are plenty of banks that are willing to cut into that fat 3-4% fees that typical credit cards get.
They also have something new where they will spot you the cash if you are short, and then charge a modest amount of interest if you don't pay it back at the end of the month.
Gee, what could go wrong?
I Like Competition as much as the Next guy, On the other hand i think Paypal is Great. Ive never had a Issue, They Protect me as a Seller and a Buyer and 3% is No more than what Credit Cards charge for Instantly Sending/Receiving your Money. Its the Cost of doing business Imo.
wornoutoldman
Well-known member
tjmonsen5
Well-known member
it will never catch on. Everyone uses paypal, why would everyone want to go through the hassle of switching?
Outlawmws
Well-known member
PP may be a great thing for buyers but for sellers, especially on Eprey, it is very open to scams by the buyers on the sellers. Both PP and Eprey tend to side with the buyers, and there have been a lot of abuses.
As far as Eprey owning PP, that should have been quashed, under the anti Trust laws. When Eprey started FORCING sellers to accept PP it clearly interfered with the sellers business and their rights to free enterprise. What right does Epray have telling people what method of payment they accept?
Which is why I don't sell on Eprey anymore, and rarely buy there either.
As far as Eprey owning PP, that should have been quashed, under the anti Trust laws. When Eprey started FORCING sellers to accept PP it clearly interfered with the sellers business and their rights to free enterprise. What right does Epray have telling people what method of payment they accept?
Which is why I don't sell on Eprey anymore, and rarely buy there either.
kythri
Well-known member
Anti-trust doesn't work like that.
eBay is a service you elect to use, and you don't have any inalienable right to use that service. You want your right to a free market? It's your right to stop using eBay whenever you choose.
eBay has every right to tell people what payment methods are acceptable on their service.
zruvalcaba
Well-known member
PayPal *****. They are notoriously anti-gun and anti-2A. They have been known for seizing accounts and monies contained within accounts if a transaction that is gun related is detected.
Aside from the fact that they are borderline communists, they set up reserve accounts for small businesses. My business is a good example. Depending on the nature of the business, they take anywhere from 5%-25% and put it into a reserve account where you can't touch that money for 3 months. Even worse...they tend to target business at random...I read it's currently 5% of businesses on PayPal have been forced to use this reserve account. They do this in case there are disputes or claims against your seller account by a buyer. Well if your business is set up to make 10%-20% profit on a sale...there goes your profit for 3 months. They did that to me...I currently piss away $5.00 from every $40 sale I make. I sell training DVDs and the like. I put up a DVD at $40. Ebay instantly takes .40. I sell the DVD, Ebay takes another $1.72 profit, PayPal takes $1.92, and then I get charged a relisting fee of .40. When it's all said and done....counting shipping, I lose about 40% gross profit from my sale.
On a side note, you can pay using the Gift option in PayPal and they will not charge the seller a fee. Downside is that you don't get the shipping option and your item is not covered under their seller protection program. Fine for a small community like this but not so much for something you just bought off of CL.
There was another site similar to PayPal called GunPal that changed their name to GPal. There were some issues with some shannigans that the founder was trying to pull and a ton of people started backing out of it. I'm all for a new option...PayPal is a straight up ****-fest.
http://www.paypalsucks.com/
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Ok than. For Guns PayPal *****....
You can also pay by other methods than just PayPal
Outlawmws
Well-known member
Eprey provides an ADVERTISING and communications service; PP is a BANKING service. forcing someone arbitrarily into a BANKING service that is wholly owned by said advertising service is discriminatory and predatory. How is that not anti trust? it prevent others from participating or not which should be their choice.
And I did vote with my wallet. Eprey has collected their last dollar of fees from me until this unfair business practice is stopped.
Outlawmws
Well-known member
Need4racin
Banned
There has been numerous companies out there instead of using paypal. The bad part many people are wary since they don't want to use something that isn't used by the majority. That and they have access to your bank/CC, and if they turn out to be unethical than can really fawk you over.
GirlnAgarage
Well-known member
A service called "GunPal" tried to compete with PayPal the last couple years. I had an account, used it without problems for a little while. When the issues from other customers started popping up, I stopped using it. The idea was great, the execution, not so much. Do some searching on how that whole thing went down. With anything new, especially services and companies dealing with finances, proceed with extreme caution. I have not gone back to GunPal, now GPal.
I have never heard of Dwolla.
zruvalcaba
Well-known member
zruvalcaba
Well-known member
This is straight up genius.
cajunfirehawk
Well-known member
Next time you list an ad on Ebay, look at all the new different offerings other than paypal, seems a lot are jumping ship because in 2012 PP will start reporting your $ to the IRS if your a top seller and earn excess of a certain amount. PP takes too much in fees, IMHO.
