Paymate can potentially be a magic cure all for your payment needs, but there are some letdowns. It takes 2-3 business days for the payment to clear and give you the OK to ship out. This means you can't ship out until 2-3 days after they paid which can affect your shipping DSRs. Sometimes payers will not want to pay because they only deal with Paypal, this doesn't happen often though I'd say only like 1/20. I also notice some of my auctions are ending in lower prices than usual, most of the time though they are the same as Paypal. Than after the 2-3 day payment clear it takes another week for the money to be deposited into your account. After the money is deposited into your bank account it than takes a further 2-4 days for the credits to be shown on your statement and available for withdrawal. So in all from the time your buyer pays for the goods it takes at the most two weeks for it to show in your bank.
Now the good. You can attach Paymate to ANY eBay account even if it's stealth and accept payments. They do not share any information at all, meaning I can have an eBay account under the name Deacon Dr. Rockafella and a Paymate with all my real info+SS# with no problems. Paymate lets you have as many accounts as you want, so opening stealth Paymates wouldn't even be needed. You could have 5 Paymate accounts with exactly the same information with 5 random stealth eBay accounts and not be linked. They don't have pesky and annoying limits or suspensions and you can pretty much receive as much money as you can. They start you with a $5000/mo limit than you can upgrade to $10000/mo if need be and from my knowledge each account you have with them has their own separate receiving limits. I've been selling lots of VeRO actually pretty much 100% VeRO and no problems yet.
The most important thing though especially for me is that it is a viable replacement for Paypal. No more worrying about getting the chop because you can't provide real Paypal info or have a SS# attached. I mean maybe some pros can somehow bypass Paypals system and accept large amounts of money every month without being suspended or asked to provide info. For the rest of us Paymate is one of the best alternatives.
__________________ “You have to learn the rules of the game. And then you have to play better than anyone else.”
-Albert Einstein |