PayPal - Francos / FIHTies

Discussion in 'Classic Menswear' started by InPa, Feb 17, 2005.

  1. InPa

    InPa Well-Known Member

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    Out of curiosity, why don't either of you accept paypal as a method of payment?

    Just wondering.
     


  2. RIDER

    RIDER Senior member

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    Good question - I'd have to plead stupid on this one. I don't know much about paypal. We are a bricks-and-mortor store here in Richmond, and Paypal, as I understand it, is meant for web based payment. I don't set up the web site business environment, but I will ask Franco about it.

    Actually, on a related note, we might have to reconsider AmEx as a web payment method. We were just informed that AmEx no longers refunds the fee we pay them on returns. I forget what that percentage is exactly, but on large purchases that are returned, we would really lose out.
     


  3. FIHTies

    FIHTies Senior member

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    Actually, I wont plead stupidity here I will leave that for RIDER [​IMG] but I will say that I didnt want to go through the hassle (whatever that means, OK OK I plead stupidity) of setting up the account for a business one and after 500 a month thats what you have to do. I do have the ability of taking payments via [email protected] although I have never done it yet. RIDER: Amex is in the area of 2.95-3.25% significantly higher than V/MC. What do you mean that they no longer refund the discount on refunds?
     


  4. RIDER

    RIDER Senior member

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    Someone buys $1000.00 worth of merchandise from you, pays with AmEx. You get the fee deducted from the bank transfer. Customer returns merchandise. You credit the customers AmEx, they keep the original fee.

    Franco just told me about it. He found it when reconciling statements, called, and that's the deal now.
     


  5. Alexander Kabbaz

    Alexander Kabbaz Senior member

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    Are you serious? Since when?
    At least PayPal refunds the fees. Might be better to process your Amex through them. I've got my PayPal costs waaaaaay down - below MC/V. PM if you're interested.
     


  6. Brian SD

    Brian SD Moderator

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    Does that mean I can afford the minimum of 6 shirts now? Or do I still have to save a couple years salaries for that?
     


  7. Alexander Kabbaz

    Alexander Kabbaz Senior member

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    Of course you can. PayPal has a new feature where regular automated billing can be set up. You know, say $19.95 per week for, say 10-12 years should just about do it. It should work out well. The first month, you'll receive a cuff. Second month, the left sleeve, and so on. [​IMG]
     


  8. Brian SD

    Brian SD Moderator

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    Okay great. I'll come by the shop and you can measure my wrist. Next month you can measure my arm.
     


  9. Alexander Kabbaz

    Alexander Kabbaz Senior member

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    Wednesday. Regency Hotel. 62nd & Park. 8pm. See you there.
     


  10. Carlo

    Carlo Senior member

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    Off topic... I just love this forum on days like this - information, joking around among friends, advice/assistance given and none of the contentious bullshit that occasionally pollutes the fora.

    Thanks to all for that. So much nicer when we achieve the neighborhood bar atmosphere.
     


  11. Alexander Kabbaz

    Alexander Kabbaz Senior member

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    You pouring?
     


  12. jcusey

    jcusey Senior member Dubiously Honored

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    I'll take an AH Hirsch, please.
     


  13. Carlo

    Carlo Senior member

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    Cusey - you bring the the Hirsch to NYC ($75), go home with 1/2 the bottle in your liver and a tie around your neck. Any questions?
     


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