edit
Help/Support

Forums ›
Online Auctions

possible Paypal competitor: Checkout by Amazon Archived From: Online Auctions

  • Text Only
  • Search this Topic »
  • Classic
  • Page :
  • 1
   posted: Jul. 29, 2008 @ 11:21p
alert mods    

today Amazon has launched the Amazon Checkout website; here is the link:

Amazon Checkout

Hope that this will compete PP in the near future.


   posted: Jul. 29, 2008 @ 11:21p

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.


   posted: Jul. 29, 2008 @ 11:45p
alert mods    

northWolf said:today Amazon has launched the Amazon Checkout website; here is the link:

Amazon Checkout

Hope that this will compete PP in the near future.

 

BANNED FROM eBay!!!!!!!!!!!!!!


   posted: Jul. 30, 2008 @ 8:30a
alert mods    

%5 on cc payments unless you push a monthly volume of 3k. Yeah thats not going to get used.


   posted: Jul. 30, 2008 @ 9:06a
alert mods    

If you do any kind of volume $3K is nothing


   posted: Jul. 30, 2008 @ 9:42a
alert mods    

davef139 said:%5 on cc payments unless you push a monthly volume of 3k. Yeah thats not going to get used.Huh? From what I see the 5% is for transactions under $10. For transactions over $10 it's the same 2.9% + $0.30 as PP. Volume discounts kick in once you go beyond $3K in a month.


   posted: Jul. 30, 2008 @ 9:54a
alert mods    

Hmm looks like i read it backwards, isnt Amazon really buyer friendly tho?


   posted: Jul. 30, 2008 @ 10:19a
alert mods    

Pricing

There are no start-up charges, monthly charges, hidden fees, or long-term contracts when using Checkout by Amazon.

Fees are assessed on a per-transaction basis and vary depending on the transaction amount. They are based on a percentage of the transaction amount plus a per transaction fee.

For Transactions >= $10:
2.9% + $0.30 for all transactions

Volume Discounts

2.5% + $0.30 for all transactions for monthly payment volume from $3k-$10k
2.2% + $0.30 for all transactions for monthly payment volume from $10k - $100k
1.9% + $0.30 for all transactions for monthly payment volume over $100k

For Transactions < $10:
5.0% + $0.05 for all transactions

The 5% is only for transactions less than $10.

A $10 charge will have $.59 in fees. 10 x .029 + .30 = .59
A $9.99 charge will have $.55 in fees. 9.99 x .05 + .05 = .5495

A $5.00 charge at the 5% rate will have $.30 in fees. 5.00 x .05 + .05 = .3
A $5.00 charge at the 2.9% rate will have $.45 in fees. 5.00 x .029 + .30 = .445

For some reason it looks like they are saving you money by charging the higher percentage rate on the less than $10 charges. Maybe my math is wrong.


   posted: Jul. 30, 2008 @ 11:34a
alert mods    

Doesn't beat Google Checkout - still the best option. IMHO


   posted: Jul. 30, 2008 @ 12:01p
alert mods    

no way in hell eBay is going to allow Amazon checkout


   posted: Jul. 30, 2008 @ 12:27p
alert mods    

CrazierRus said:If you do any kind of volume $3K is nothing

edit:

sechs, you're a little sad pathetic person. Go stick that cane in your avatar you-know-where


 Close

Sign Me In
Nickname: 
Password: 
Remember My Login Information:

Forget your login information?

Not Already A Member?
Sign Up Now!


Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.


Sign up for free today, because you don't want to miss out on any more cash back than you already have! There are currently 1,209,553 people just like you registered to earn Cash Back From FatWallet. Be the next! Sign up to join the discussion & earn Cash Back from FatWallet:
close