Online Payment Systems At a Glance
By Ina Steiner
Here's a quick look at the average user fees for several online payment systems. Ebay's Billpoint service lowered its fees on October 1st, and PayPal recently instituted fees for business accounts, which it defined as users with over $500 in transactions over a 6-month period. Here's a quick rundown of four payment services - visit each Web site for more details.
Yahoo! PayDirect: No fees currently (bank fees may apply).
EBay Bill Point Merchant Service: 35 cents plus 1.75% (plus .5% deposit fee)
Amazon Payments: 25 cents plus 2.5%
PayPal Business & Premier Accounts: 25 cents plus 1.9%
About the author:
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to firstname.lastname@example.org.
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