Heritage is now accepting Paypal. Why?

Longacre

I got an email from Heritage that contained the following:

We accept PayPal payments of up to $10,000 from non-dealers at our discretion. At this time, PayPal is only available for auction invoices. Look for it for inventory purchases soon!


My question is, why would Heritage accept Paypal? I think they accept credit cards, so what is the purpose of using Paypal also? Are the fees less expensive? I am not sure, so if anyone has any thoughts, that would be great.

ss350camaro

"Why?"


Why not? People that have funds in their PayPal accounts can now use it for payments to Heritage. Doesn't sound like a bad thing.

Russ

Probably a reaction to Teletrade's recent decision to accept PayPal.

Russ, NCNE

neocirrhitus

You can also move money directly from a bank account without having to wait for a check to clear. Heritage would get 'good funds' faster, and the buyer should receive the coin more quickly.

KurtHorn

Same reason as Teletrade. I sell stuff on Ebay. I get paid by PayPal. I buy something on Teletrade (or Heritage). Do I have to go through the hassle of withdrawing the funds from PayPal before I pay for my recently purchased auction? Now I don't, and I for one am happy...

BASEagle

I have a debit card on my paypal account and have used it to pay Heritage in the past. They didn't object so I suppose the merchant fees are probably about the same as with a credit card.

I believe the max one day transfer from paypal has been $3,000 so the $10,000 limit to Heritage is new.

Not that I ever spend that much on a coin, anyway.


Mike

ziggy29

Why not? It's probably not that much more expensive than taking credit cards, and if it encourages more people to buy from Heritage, then the added business will more than offset the PayPal fees.

Russ

<< <i>I believe the max one day transfer from paypal has been $3,000 so the $10,000 limit to Heritage is new. >>



Max transaction is, and has been, $10K at PayPal for anyone with the correct account type.

Russ, NCNE

flaminio

<< <i>My question is, why would Heritage accept Paypal? >>

Same reason anyone should accept PayPal -- the more payment options you have, the wider net you cast for buyers. More buyers means more sales, and more bidders for auctions (=higher final values).

aficionado

I'm sure it was a business decision. That they negotiated with Ebay (owners of paypal) and probably got a pretty good deal.

Everyone is happy.