fastpay vs. paypal

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

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"jonsie" <amharcDELETE@MEhotmail.com> wrote in message
news:1059335004.53899.0@damia.uk.clara.net...
>
> 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
>


Haven't used it myself, but I see alot of ebay sellers using it put to tag
'Fastpay costs less than a stamp'

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

"Gran" <going.nowhere.fast@all> wrote in message
news:9CWUa.563$qb2.648852@newsfep1-win.server.ntli.net...
>
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.

I hate NatWest so much that I wouldn't sign up for it even if every bidder
on all of my auctions finished tonight went down on their collective knees
live on webcam and pleaded in unison

Feathers

C-Beeby wrote:
> "Gran" <going.nowhere.fast@all> wrote in message
> news:9CWUa.563$qb2.648852@newsfep1-win.server.ntli.net...
>>
> 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.
>
> I hate NatWest so much that I wouldn't sign up for it even if every
> bidder on all of my auctions finished tonight went down on their
> collective knees live on webcam and pleaded in unison
>
> Feathers

So you're not keen on Nat West then? *Do* share .........
Gran

I was wondering the same thing, just applied for a job with them and
wouldn't think of banking anywhere else!

Charlie.

"Gran" <going.nowhere.fast@all> wrote in message
news:rJWUa.567$qb2.656221@newsfep1-win.server.ntli.net...
> C-Beeby wrote:
> > "Gran" <going.nowhere.fast@all> wrote in message
> > news:9CWUa.563$qb2.648852@newsfep1-win.server.ntli.net...
> >>
> > 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.
> >
> > I hate NatWest so much that I wouldn't sign up for it even if every
> > bidder on all of my auctions finished tonight went down on their
> > collective knees live on webcam and pleaded in unison
> >
> > Feathers
>
> So you're not keen on Nat West then? *Do* share .........
> Gran
>
>

"Gran" <going.nowhere.fast@all> wrote in message
news:rJWUa.567$qb2.656221@newsfep1-win.server.ntli.net...
> C-Beeby wrote:
> > I hate NatWest so much that I wouldn't sign up for it even if every
> > bidder on all of my auctions finished tonight went down on their
> > collective knees live on webcam and pleaded in unison
> >
> > Feathers
>
> So you're not keen on Nat West then? *Do* share .........

ooh, if I weren't having such a fantastic ebay night I'd have steam coming
out of my ears

7 years ago when pregnant with our firstborn, Mrs Feathers had just finished
paying off her MBA loan, and received a letter to this effect from NatWest,
but NatWest continued to collect the money from her NatWest current account
anyway. Being about 6 months pregnant she had other things on her mind than
to constantly check her account and every month was taken overdrawn
incurring charges, which they refused to refund.

As we lived near the branch she would pop in on an almost daily basis to try
to resolve it, and every day was assured it would be sorted out, but of
course it never was. In all the times she went to see them she was never
once offered a chair, which may be a small thing to a lot of folk, but to a
heavily pregnant woman at the height of a very hot summer it was a source of
considerable irritation, especially to Mrs F who's got a bit of an attitude
quite a lot of the time ;-)

When she eventually twigged and cancelled the standing order she wrote to
NatWest asking for the overpayments back (as you do) and in response
received a load of threatening letters demanding court action over the
non-payment of her debt which now stood at minus £600 or thereabouts.

Eventually I wrote to NatWest, copying in the Chairman of NatWest and the
Ombudsman and she was by return of post refunded by cheque, with a very
small amount of compensation, and barely the vaguest hint of an apology.

I went to close my account and move it to the Co-op, and was met with a load
of misinformation, and a complete refusal to close the account which dragged
on for another year until I eventually went into the branch and refused to
move from the customer service desk until they agreed to shut it down. This
took nearly two hours, as they claimed I had an unpresented cheque on the
account, and refused to accept my insistence that as cheques were only valid
for 6 months it would be academic anyway.

Hopefully they have improved their customer service, but I am glad to be
shot of them.

The Co-op are wonderful, though

Feathers

> 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)....
>

Doesnt fastpay offer better fraud protection than paypal? Also said to be
easier to deal with the the often dreconian called paypal from what I have
read.

Jaime

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
--
Xenocyte Books. Now on eBay. They're back. And this time it's serious.
http://tinyurl.com/g1jt Today's top item: Tolkien History of Middle
Earth Deluxe - if you blanch at the price, you aren't the target
audience ...

"jonsie" <amharcDELETE@MEhotmail.com> wrote in message
news:1059335004.53899.0@damia.uk.clara.net...
>
> 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)....
>
I have paid using fastpay . It is cheaper than the cost of a stamp to put a
cheque in the post. I have also been paid with fastpay no problems at all. I
like it . I use that and nochex on a regular basis.

>
> --
>
>
>
>


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