Quote:
Originally Posted by Robbie
So Paypal made them agree that they could only allow their customers to use Paypal if they also used Visa and Mastercard through Epoch?
Not only doesn't that make any sense...but I doubt it would even be a legal agreement.
I don't think Paypal would give two shits if someone was a client of Epoch and used MC or Visa. Why on Earth would that even be of any interest to Paypal.
I'd say it's just a business decision by Epoch. No big deal. It's their company. And I'm sure at 15% processing fees that they want their customers to use them in every way.
Makes sense.
Just seems like they would also want to grab the extra business from people who already have their own merchant accounts and don't need their credit card processing.
|
I think it could be a credibility thing. Paypal can to some degree assume the due diligence has already been done on the sites Epoch is processing for. For example, anytime you launch a new site on Epoch or CCBILL, Visa has its own review process of the new site, which is why it takes 20 days sometimes to get all the payment options listed on the checkout page. If you were only able to list Paypal as an option (even with a merchant account), there would be no real consistent vetting process of the content you were selling.
Also, I am sure Paypal took into account how much volume Epoch does , their track record of charge backs, etc. I am sure getting Paypal on board was a long process with all kinds of terms. Notice how they started with the EU first and then moved to the USA? I wouldn't be surprised if the EU was the test phase to see how it did. If it was easy to get Paypal on board, one would assume CCBILL and many others would all have this option.