Forum

The PayMate / Moneybookers thread
 

Ok as we all know eBay is going to allow PayMate and MoneyBookers starting sometime this month.Basically both will integrate with eBay and allow customers to complete the payment instantly via CC.


What we(or atleast I) dont know si the extent to which they will link:

1.)Will eBay see your PayMate or MoneyBookers account info(such as account name bank accounts etc)

2.)Will they cross link with PayPal(ie using suspended PayPal linfo on Paymate account)

3.)Will they require SSN

4.)How $$ can they proccess with no trouble

5.)Will they pull the same trick PayPal pulls(limitations, 21 day hold,etc)

6.)Will eBay stop the "You need a PayPal account to list this item" stunt

7.)Can you be banned because of a limtied PayMate or MoneyBookers account..


IF anyone has any info I would really appreciate it.

eBay Integrating Moneybookers Payment Service
 

eBay Integrating Moneybookers Payment Service
eBay Integrating Moneybookers Payment Service
THE payment alternative - Moneybookers on Ebay

Moneybookers is good when the transaction goes right and no ones is trying to rip anyone off. Their dispute process is also a bit ambiguous and i think now with a closer connection to ebay it might get worse. I have used it very loosely as a seller for small transactions and as a buyer mainly for international purchases because of the escrow feature. I already have my little stresses with paypal, i can only take payment service at a time. Also they need to reduce the amount of money they charge your credit card to verify your address... i mean i know its in Euro but they can reduce the initial amount because charging it almost 5 bucks was so not necessary!

i think moneybooker is a uk based company
so it will be good for uk sellers

will it work like paypal after your listing finishes ?
or is it a headache like you have to email the invoice and rest of the Crap

Heres some of my correspondance with them via e-mail:

Dear PayMate:

I am very intrested in your USA payment servies for use with my eBay buisness.I used to procces my funds through PayPal , but as im sure you are aware PayPal's customer serivce is terrible along with their unfair limitation policies.PayPal regullarly limited my account for high volume..I have a good sales week and PayPal rewards me by limiting my account.I am looking for anew payment proccesor, my question is:


1.) If my eBay account is limited will my Paymate aco**** be limited also?

Not necessarily. We will make decisions independently of eBay, based on our assessment of the data and situation. We will have access to limited information on ebay when a client authorises eBay to integrate their Paymate account with eBay. However, if eBay freezes an account we will also suspend the tied Paymate account until the matter is resolved with eBay.


2.)How much of my financial details will be shared with eBay?
Paymate will not share our clients' financial details with eBay.

3.)Could issues on my PayMate account affect my eBay account.?

We will not be routinely sharing information on specific clients and issues with eBay.

That is great...

Great info James

Now to see what their fees will be like

Does anyone know when in feb. ebay will allow paymate? I'm so happy to see that we can stop using paypal

Paymate website states the start date will be (Feb-26-09) you can check for yourself on the website..

Good work, James. BUT imo I do not like the words in red.Not too dissimilar to
paypal. How long will paymate hold the money? Where is that stated? And
not routinely sharing information screams to me that in circumstances they see fit, they WILL share info. Let's hash this over until we know a lot more.
ps: I have not had time to read the fine print yet. These comments made on the post alone. Was not shooting the messenger,OK

At the very least paymate and moneybookers will share your account number or at least the name on the account.

So people might end up having to make a new paymate account for each ebay account, but it'll likely be easier than with paypal.

You know I suspect that eBay might be taking a cut from the increased fees moneybookers charges. I don't know if they made paymate raise its fees, too.

will this work on ebay uk

Yes you will need to supply your SSN.
We support our sellers (and buyers). If there is a charge back enquiry we will assist our sellers respond to it and make a case against it. But the final decision will be the bank's.


Regards
*removed*
Paymate Client Services
Tel: 02 9283 6977

International: +612 92836977

Well that kills off the people who have suspended paypal accounts in their actual names. But perhaps if they don't share info with ebay those of us with paypal account in good standing by have been suspended from ebay will be able to take advantage. Or perhaps they will take a business license instead of an SSN?

Just a thought.....

Sorry if already been answered.... is this going to be available (moneybookers) in Canada????

I emailed them back asking if they will take EIN and the reply was no.

For Canadian sellers, I learned that paymate is considering adding Canada to its list for sellers. They are wondering about the level of interest in Canada. If you as a Canadian seller are interested, please email their sales email address which you can find on the site under contact us. Don't mention me or this board, just express interest in their services. Can't hurt.

Chostin,
Moneybookers is already available to Canadians. Last time I checked it wasn't on their list on their site, but it is available, I have an account.

I also have a moneybookers account, i still dont know if i trust them enough to use them for high valued transactions. I have a love hate relationship with Paypal but at least we understand each other.

PayMate fees are annouced:

3.0 + 0.29 / transaction

A little bit higher than PayPAl

The main quote that should give concern is 'However, if eBay freezes an account we will also suspend the tied Paymate account until the matter is resolved with eBay."

All else looks good. I am just concerned about the limitation of funds.

Also, all companies say they are going to fight for their customers in charge-back situations. PayPal says the same thing!!!

Wouldnt be too bad if it turns out their service is better than Paypal

'IF' being the operative word. Am sure it will be a matter of being careful.

I agree, you have to be careful and that applies to all merchant accounts as well as to ebay. I do think more competition is a good thing though.

Been asking associates who use paymate on Oztion (an Australian alternative to ebay).
Overall the opinion is that they do like the fact that funds are in the bank accounts overnight. Now this may well be in Australia only. Sent a little questionnaire out & will give
an update when completed.

I would be happy with them if they dont try to run the same antics as paypal....

GreenBean:Could you ask them about chargeback situations...?Does Paymate fight them or just throw in the towel before the match has begun like paypal

^^^^James, that is the one point I am trying to get info about for us.

Alright..Paymate is officaly open(well not really)

Once you signup you have to submit a merchant application subject to approval from Wells Fargo.

There is an option of providing the buisness' EIN...BUT ALL owners on the accoiunt MUST provide their SSN.

What about Moneybookers? Do they require SSN too?

I guess paymate and propay both verify through wells fargo. And I found out wells fargo works with first data only to process credit cards. So i guess paymate and propay are both going through first data.

Yes money bookers requires S.S number also to work with ebay checkout. I just tried to sign up with them.

Google First Data Merchant Services. Check out the ripoff report links.

I wouldnt touch First Data with a 100 foot pole. And I am speaking from experience.

same here, they took out 30k from my bank account because i got chargebacks totaling about 1k only. I was negative in my bank account. *******s didnt even tell me anything. I got into a big mess with the bank.

You can submit a ACH dispute on the total amount and the bank will pull the funds back. Look into it. I had this done before with google checkout and got the full amount back. Now....google checkout then is trying to ruin my credit by sending me letters, but I have cause to fight them.

That's crooked! I bet they share the SS# with eBay, too!

does anyone knows how long does it take to get approved from PayMate?
it has been one week now since i applied.
Thank you

Its tougher to get on paymate+money bookers than paypal, paymate+ money bookers wants s.s. as soon as u sign up.

I sign up with paymate and yet to be approved i signed up on the 27th of feb. I dont plan to use it on ebay as it contans my real info

YUP..im still waiting also..

Any positive experiences with moneybookers?

Ive had the account with them for the past 4 years but only used it for internationals. I think once your paid, youre paid. But I am timid to integrate it into ebay.

Any thoughts on usage since integrating?