Quote:
Originally posted by ktsnake
Our HQ does take credit card payments. Mostly though, chapters pay with good 'ol paper checks.
I wouldn't be in favor of paypal unless it reduced the cost of taking money (by reducing need for extra staff).
Otherwise, paypal takes $ off the top. As large as GLO receivables are, I'd be surprised to see them go to Paypal.
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There may be some misconceptions about PayPayl reflected in this thread. I own an eCommerce business so I thought I'd jump in.
All credit card processors charge a fee per transaction. The difference with a PayPal is that it's "branded" so you know you're doing business through them, unlike other processors who choose to be invisible throughout the transaction. Depending on the number of transactions you run through them, PayPal can actually be cheaper than other processors.
PayPal is a large (owned by eBay), secure and very reputable processor. And, unlike others, they have an "e-check" option so it's not even necessary to have a credit card to make a payment.
No, I have no financial interest in PayPal.
