p2p news / p2pnet:- We don’t like PayPal owned, as it is, by eBay, with all that implies. But for the moment, PayPal monopolises e-payments and it’s just come out with an announcement which’ll make a big difference to online commercial transactions.

It says it’s offering new micropayment processing for payments of less than $2 aimed at low-cost digital content such as video games, online greeting cards, news articles, mobile phone content —- and digital music.

The offer is, “designed to give customers the convenience of a-la-carte purchases, such as 99-cent downloadable ringtones, without having to sign up for annual subscriptions or pre-funded payment accounts,” says PayPal.

“The new fees will enable merchants to process payments at a rate of 5 percent plus 5 cents per transaction. Because of the reduced fixed fee, merchants can save 40 to 60 percent when processing low-cost payments, compared to the industry’s current payment processing rates of approximately 2 percent plus 20 to 30 cents per transaction,” it says.

Micropayment pricing will complement PayPal’s standard, volume-based transaction fees, which range from 1.9 to 2.9 percent, plus 30 cents per transaction, it adds,

(Thanks, Alex)

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This entry was posted on Friday, September 2nd, 2005 at 2:44 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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