|
Auctionbytes-NewsFlash, Number 564 - June 25, 2003 - ISSN 1539-5065
Previous Story |
| Next Story
Online Payment Service BidPay Changes Name, Lowers Some Prices
By Ina Steiner
AuctionBytes.com
June 25, 2003
|
BidPay, a service of Western Union, announced that it will be changing its name to Western Union Auction Payments. The online payment service allows buyers to purchase a Western Union money order over the Internet, which BidPay then mails to the seller. The service is popular with online auction sellers, who often use it to accept payment from international bidders.
BidPay executives said the new name will be phased in, with the first phase starting with the eBay Live tradeshow, where the company is exhibiting. BidPay also announced that it is lowering fees for transactions under $50. The new rates are as follows:
| Money
Order Amount |
BidPay.com
Fees |
| $10 and under |
flat rate of
$1.95 |
| $10.01 to $30 |
flat rate of
$2.95 |
| $30.01 to $50 |
flat rate of
$3.95 |
| $50.01 to $100 |
flat rate of $4.95 |
| $100.01 to $700 |
2.25% + $4.95 |
The BidPay Web site will contain full pricing details beginning June 25.
http://www.bidpay.com
|
Email this story to a friend.
Previous Story |
| Next Story
Related Stories
Charge It! A Review of Online Payment Services - June 30, 2001, Issue #41
BidPay Reports Access Problems for Some AOL Users - November 05, 2002, Issue #428
Western Union Auction Payments (BidPay) Changes Privacy Policy - January 02, 2004, Issue #673
Western Union Auction Payments to Become 'BidPay' - August 04, 2004, Issue #820
BidPay Adds Bank-Deposit Option to Online Payment Service - September 29, 2004, Issue #858
Using BidPay in Online Auction Transactions - February 20, 2005, Issue #137
eBay Users Lose Payment Option, BidPay to Close - December 23, 2005, Issue #1180
BidPay Abruptly Closes Online-Payment Service - December 20, 2007, Issue #1689
|
Discuss this story in our forums.
|
