Forum

PayMate Removes Volume Requirements for eBay and Online Merchants
 

PayMate is opening its online-payment service to smaller eBay sellers and online merchants by removing minimum volume requirements. The service is one of only several third-party services integrated into eBay Checkout.(full text retrieval failed)

We are pleased to announce that effective 29 October, 2009, we will be making several changes that will make it easier for eBay sellers and small businesses to sign up with Paymate.

So what will be different?

• No minimum volume: We have removed the minimum volume requirements for merchants! This means the smallest eBay or website seller can sign up to accept payments via Paymate.
• Simplified eBay criteria: We have reduced and simplified the criteria for eBay sellers. All you need is a ‘yellow star’ (10 feedback points) and at least 98% positive feedback overall.
• Instant Approval: We have automated our system to give you immediate approval of a merchant account when you submit the Merchant Details after registration. No more waiting for bank approval! Once approved, you can start accepting payments right away.

So why wait? Experience the Paymate difference:

1. Buyers do NOT have to register to pay you via Paymate and we are integrated into eBay Checkout for ease of use.
2. You can get paid directly into your bank account - faster with no fees for transfers!
3. You can reduce the risk of loss from fraud with our proven risk assessment.
4. You don't have to waste time on paperwork or the back office - we handle refunds and chargeback inquiries.
5. You can enjoy our personalized Client Service.

Click here to log into your Paymate account now to submit Merchant Details: www.paymate.com.


If you have any issues with your new application or integration of Paymate with eBay or your own website please feel free to contact us at clientservices@paymate.com. You may also contact us at 1-866-376-7028 or marketing@paymate.com. Thanks much, and hopefully, you will soon be a member of a growing Paymate family.

Do they require SSN at sign up?

NICE!!! This makes me so happy and warm and fuzzy inside....

In order to accept cc payments, you need to supply a SSN. I believe it is validated.

:eek: I really hope this is it!

sounds promising....

is it open to U.S. sellers?

http://www.paymate.com/cms/index.php/us-services

For info pertinent to U.S. Sellers

Paymate offers online credit card payment services to buyers in 57 countries and sellers in the USA receiving funds into an USD bank account held in the USA.


There's more at the link above.

Please use this system wisely and most importantly DON'T ABUSE IT.

thanks powderpuf :D

can you use the same paymate account on multiple ebay user ids?

You guys got a possible paypal killer here and this thread is dead? I thought this is what you all have been waiting for!?
Anyone tried it or tested this yet?

I eventually will but I'm not fully prepared to do so

no, one per id.

does anyone know if one person can have more than one paymate account with same ssn?...THANKS:)

no , but you may able to use it with different ebay accounts( not at the same time)

Unless you can bypass SSNs, this payment system doesnt work for stealth.

I guess that means everything on your ebay account has to match everything on the Paymate account. Looks like my dreams of not using paypal anymore has shattered. :tears:

paymate shares the full social security with ebay?

What about "limitations" on their end as well?? There are way to many unanswered questions before we can even consider this a viable alternative...

If they do, they are violating privacy laws, unless the user signs a release to Paymate giving user consent for Paymate to divulge the user private data to parties outside the user/Paymate relationship.

Personally, instead of saying 'I can't consider these people until psychic subliminal info given to me by somebody else...' - I'm already considering them, and finding or at least searching for answers to every question that enters my mind. I'm doing MY OWN homework. They have a website and a telephone number. You can read the site contents and you can call them to ask questions, just as easily as I can. If you do so, you don't have to take my word for whatever I say - You can find out YOURSELVES, firsthand, and can ask your own questions that I might not think of.

Yea! whats the big deal in reading and sniffing around on your own. Just get on one of your suspended IP's and ask away. You have to be maniacal in your search for stuff!

ok so how about you be the guinea pig.. sign up for paymate with your real info and try it out with a ebay stealth account.. that'll help big time!!

:focus:

there was another paymate thread where someone asked paymate how much info they share with ebay and they would not say.. im guessing the only way to figure this out is by the sarcastic idea i posted above??? :juggle:

Why sign up? Why give stealth info? Just call them and ask them what you want to know. If they ask you anything you prefer not to answer, feel free to remind them that YOU are the one asking the questions.

Too early for ONE guinea pig to diagnose the whole beast and expect one set of conditions to apply to everyone here. For the moment, we are each going to have to get our own answers. That's how it works. New thing, no info. Old thing, easy answers. This ain't the old thing. Sorry.

Things I have determined thus far:

Employer Identification Number (EIN), or Social Security Number (SSN) are both appropriate.
If providing EIN, you must provide proof of business type (proper documents that will be verified).

They want Personal Information: Owner SSN and home address. I'll be having issue with them here.
The head of BMW does not give out his SSN or home address for issues relating solely to BMW. I wouldn't
either. I plan to keep everyone informed of the outcome. For LLC, this info requirement is inappropriate.

They do want proof of business website for those planning to accept payments via this means.
I will be having issue with them in this matter also. Suppose I can't activate my sites until
I have payment in place. How can I allow them to review a site that can't go up before they
enable me to accept payments? You see the failure of logic on their part?

They ask for estimated card sales volume. For a seller who has never used this means of payment
in the past, how could that seller make an accurate estimation of the volume? Is Paymate flexible
for those sellers in this regard?

It appears that a requirement for ebay sellers to link their ebay account to Paymate. This would
prohibit the use of Paymate for those with multiple channels. I foresee difficulty to stealth users.
I'll be having issue with them in
this also.

Their list of Unacceptable Business Categories is vast. It appears to me that any item you can
imagine - could somehow be weaseled onto that list. So, if they wanted to take issue later, they
could conceivably justify the discontinuation of your account based on anything. The terms are not
well defined.

To summarize my opinion up to this point:

Paymate still looks like a good option for a seller who only lists from one ebay account and is not selling anything offensive or high-fraud-risk (by Paymate standards). The way I see it, if you are selling handmade lefthanded toothpicks, Paymate may like you. I doubt buyers of the toothpicks would need to charge the purchase price to a credit card, so a seller of toothpicks probably won't get much Paymate volume. But hey, that's a different issue, right?

For a real business, it's not looking so good. I am considering the possibility that Paymate is small potatoes and therefore has no idea how to attend to the needs of a true business. Being that they appear to be clueless, I (as a businessman) would avoid them until they graduate from kindergarten.

My opinion may loosen up, pending further interrogation. I'm not done with them yet.

The fundamentals are Paymate is something ebay hooked up with, meaning we loose somewhere down the line. Either your a processor that is seller protective or buyer biased. You can't be both. I'm checking it out but I don't expect anything spectacular.

I am looking at it as objectively as possible. They are a relatively new player for us to examine. I believe they still have to develop their own program more fully. Every business must evolve or stagnate.

Paymate could be a viable alternative for some. But, considering the PP separation that has been initiated, perhaps ebay is interested in using Paymate to fill an upcoming vacuum. I wouldn't rule out the possibility that ebay plans to suck Paymate in, suck them dry, and spit them out.

From the tinfoil perspective: The plot thickens.
From the optimist perspective: Maybe this will turn into something useful.
From the pessimist perspective: Yippee. More fun.

Taking a step backward to the OP: The original submission was chopped.

Does anyone have any info regarding the other additions to Checkout? Shall I don my tinfoil pith helmet?

Not trying to kill the Paymate discussion here. Please, let us continue that vein.

Paymate is good for REAL people selling REAL LEGAL items.

Anything else, even in the slightest bit. Forget it.

======= CASE CLOSED ========

I've been using them for a couple of weeks now. I don't offer PP in my listings at all. No one has whined about not offer PP, like people used to do in the past.

Paymate is real sloooow to give the final ok to ship. It takes about 2-3 business days and they don't send a confirmation, until the money makes it into their bank. I tested the service posing as a buyer with a debt card with insufficient funds on it to pay for the item. Paymate rejected the payment right away. So I don't see much reason to wait the 2-3 business days before I ship. If something goes wrong I figure I can stop a shipment in transit if I use UPS or FedEx

There's another more updated paymate related thread now
http://www.aspkin.com/forums/merchan...tml#post116845.

Do you sell VERO and is your paymate account with stealth information?

Thanks for the info on the other thread. I'll go check it out. There has been a lot of post on E-Bay about this too.

My E-bay and Paymate account is all legit right now. I've had a bunch of accounts in my name suspended in the past. I don't sell Vero. I usually use my real info or pay someone to use their info. They get a share of the profit based on what they do to help.

All I really need to do is go find a panhandler and give them some spare change to use their info. That's a cheap way to get around the new ID process. Any US citizen has a SS# and can have a credit report run. That should be enuf to pass any ID check.

I still need to practice stealth techniques so the accounts don't get linked to each other, but I prefer to try to keep as much info as accurate as possible.

I just signed up for Paymate. They do NOT share your info with Ebay. They use "token" authorization like Auctiva does. You HAVE to give Paymate your real info but they do NOT give it to ebay and I was just accepted and got the token validated.

soooo if you change ur email with them after an ebay account gets suspended, you think it would be safe to re-use it on another account?

So to be clear you must provide your social to sign up with this company? Isn't it obvious what's going on? eBay/Paypal are just using this company to see how many people actually have a problem providing a social to sign up. That way Paypal can decide if it is worth it to require a ssn at sign up. Seriously, if that happens we can all say goodbye to stealth accounts.