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Online Payment Survey - Results

 
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Ina



Joined: 02 Aug 2001
Posts: 452
Location: Massachusetts, USA

PostPosted: Sat Feb 04, 2006 9:39 pm    Post subject: Online Payment Survey - Results Reply with quote

Thanks to everyone who took the online payment survey last month. Here's a link to the results:

http://auctionbytes.com/cab/pages/surveys/payment_012006

And a summary is being included in AuctionBytes-Update February 5th edition.
Ina
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concho



Joined: 22 Feb 2004
Posts: 25

PostPosted: Sun Feb 05, 2006 6:20 pm    Post subject: bidpay and google Reply with quote

I never used bidpay when it was alive but I had a favorable impression of the service. The most interesting thing to me was the apathy about it's demise.

I started a google news watch on the word 'bidpay' when I read the news in December. Did you know that I've only received about a dozen alerts from google since then? And every single one of them was about an Auctionbytes article!

I don't know if this experience should be interpreted as accolades for Auctionbytes, the insignificance of Western Union, or just the continued decline of google.

Whatever the lesson, I appreciate the information provided by your service. It appears, that without your coverage, there would be no news on this subject at all!
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Ina



Joined: 02 Aug 2001
Posts: 452
Location: Massachusetts, USA

PostPosted: Sun Feb 05, 2006 10:22 pm    Post subject: Reply with quote

I continue to get people asking if there is a BidPay substitute, especially from countries where PayPal does not operate. No alternative has been suggested so far. I think it impacts global trading more than anything.
Ina
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lotr



Joined: 12 Mar 2002
Posts: 98
Location: New Zealand

PostPosted: Mon Feb 06, 2006 5:06 pm    Post subject: Re: Online Payment Survey - Results Reply with quote

Ina wrote:
Thanks to everyone who took the online payment survey last month.


Ina,

Any idea of what the geographical location of the participants were as that will have some bearing on the commonly accepted payment methods. I know that many European sellers expect to be paid by BIC+IBAN bank transfer (since it's free of charges to them), while Australian sellers will use PayMate for their credit card acceptance. Canadian sellers have access to CertaPay, etc. - all regional payment methods that mostly don't work well for international sales previously provided through BidPay.

I will miss the occasional BidPay WU money order from my US customers but at least they still have the cheaper option of 7-11 or WalMart issued MOs, unlike customers in other countries. I deal with a number of good banks most of whom negotiate foreign bank drafts, checks, and money orders 'at sight' via a very large partner bank that specialized in international clearance. Low fees and good exchange rates, though slower than online transfer systems such as PayPal but with better fraud detection.
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