fastpay vs. paypal

"Mike McKeown" <mike@xenocyte.org.uk> wrote in message news:<bg1iu4$jg2un$1@ID-73063.news.uni-berlin.de>...
> Gran wrote:
> > jonsie wrote:
> >> Hi -- having a dumb moment here. The FastPay service looks pretty
> >> good, overall cheaper to use than PayPal. But, and this is where I
> >> need to check, as far as I can see FastPay requires the sender
> >> (buyer) to pay a 20p fee to send the money, whereas PayPal debits a
> >> fee from the recipient (seller) and also of course when you extract
> >> money from your PayPal account. Is that right? Has anyone
> >> successfully convinced the buyer to use FastPay and didn't worry
> >> about the 20p, or could you reasonably suggest that anyone using
> >> FastPay could deduct 20p from the overall auction final price (I
> >> guess that's possible, have never tried)....
> >>
> >> TIA
> >>
> >> --
> >
> > FastPay seems very straightforward - and the small fee the buyer
> > pays is way less than the price of a 1st Class stamp - that makes a
> > good selling point for using the service. It doesn't seem to be
> > taking off though - I wonder if that's because it's not really
> > 'pushed' hard enough. I've signed up for it but have never used it as
> > a buyer or received payment through it as a seller.
> >
> > By allowing a FastPay user to deduct 20 pence would be giving that
> > user preferential treatment - almost as odious as adding a fee on for
> > using PayPal. It's best to keep it as simple as possible - if the
> > buyer chooses FastPay then it's their decision to do so and they
> > would (if they have read and understood the T&C) be aware of the
> > small charge. I think I remember reading that somewhere - I'm sure
> > someone will put this right if I'm wrong - that offering preferential
> > treatment based on payment method is a no-no on eBay?
> >
> > FastPay's advantage over NOCHEX is that it's free to load, whereas
> > NOCHEX costs the buyer 99p each time an amount is loaded into their
> > account. I don't imagine many people will load, say, £100 (costing
> > them £100.99) to keep handy for auctions but I could well be wrong
> > there.
> >
> > You could, I suppose, try contacting a few sellers who advertise
> > FastPay and ask if they would mind sharing their FastPay experiences
> > with you. I did just that a few months ago but all the replies
> > pointed to the fact there had been little take-up on it but things
> > may well have changed since the demise of BillPoint and the PayPal
> > debacle.
> >
> > If you're going to try it then push the cost-effectiveness of it.
> >
> > Gran
>
>
> We just got our first Fastpay payment tonight. I've removed PayPal as an
> option, and send PayPal invoices to foreigners only. And yes, we use
> "FastPay costs less than a stamp" and also linked in the FastPay credit
> card images on our auctions so it looks a bit like the PayPal links too
> ... (http://tinyurl.com/i7yh example)
>
> Mike M

I would tend to use:-

"FastPay costs less than a stamp and is an awful lot quicker"

or something similar. No I don't work for Natwest.

NGC