Xoom Merchants ?

Discussion in 'Payment Processing' started by pulikuttann, Apr 30, 2007.

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  1. #1
    I am planning to use xoom merchants for my service and sales.

    But what u feel ??

    Did anyone use them ?

    What is the service charge they make for each merchant transaction ?
     
    pulikuttann, Apr 30, 2007 IP
  2. Philvault

    Philvault Active Member

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    #2
    i use them to received payments from paypal members.
     
    Philvault, Apr 30, 2007 IP
  3. eddy2099

    eddy2099 Peon

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    #3
    Does the payment still needs to be US$25 and above ? Are the charges the same as the standard Xoom Payments, ie US$8 and US$15 ?
     
    eddy2099, Apr 30, 2007 IP
  4. Rohit patel

    Rohit patel Prominent Member

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    #4
    Well eddy if they charged this amount than PayPal is better. PayPal allowed us to $0.01 payment from thier service.
     
    Rohit patel, May 1, 2007 IP
    getjimmy likes this.
  5. getjimmy

    getjimmy Prominent Member

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    #5
    I guess $150 is a min amount needed to order cheque from paypal,whereas we can use XOOM to withdraw any amount > $25.
     
    getjimmy, May 1, 2007 IP
    Rohit patel likes this.
  6. Rohit patel

    Rohit patel Prominent Member

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    #6
    Well this is really gerat advantage for us. Anyone can take money aftre $25 and also get in within 3 days in India.
     
    Rohit patel, May 1, 2007 IP
  7. eddy2099

    eddy2099 Peon

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    #7
    Well, you might not want to withdraw after getting $25 since the $8 service charge would represent 32% service charge (not counting how much loss when converted to INR).

    I mean if you complained about the 2.9% + $0.30 charges from Paypal, the 32% would be outrageous. So in the end, you might want to wait till you accumulate a substantial amount before withdrawal.
     
    eddy2099, May 1, 2007 IP