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Sedo paypal payment Question?

Discussion in 'Sedo' started by zee, Jun 27, 2006.

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  1. zee United Kingdom

    zee Well-Known Member

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    Just noticed some info on ND forum...which is a sore point....+ the 5/7 days for sedo [prompt] payment to clear through pay pal...quote...
    While we're on the subject of payments, we use mass-pay when we do PayPal which means that we pay the fees, allowing you to receive money without the 3% cut.
    ............how come littlr ND can do it...BIG Sedo.......?........z
     
  2. Domain Forum

    Acorn Domains Elite Member

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  3. zee United Kingdom

    zee Well-Known Member

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    sedo payment

    I have made abject appoligy to ed at n/d for calling it little....as proof of my sorrow...I have made great sacriface and offered to sell him...................
    www.namesdrive.co.uk...on sale at sedo...to make up
     
  4. sedo

    sedo Sedo Staff

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    Hi Zee,

    Thanks for clearing up the what the issue was behind the scenes. We do apologize to anyone for the wait on the Paypals. As you might have guessed, we are a large and valuable client for them, so it's not as if they are going to intentionally slow things down for us, but with so many payments to check, there can be a back log. On our side, it's pretty much automatic to there shouldn't be a delay.

    With so many clients to pay, I guess that being big instead of small is a disadvantage in this one and only circumstance :)

    Anyway, if anyone is missing a payment or it's uncharacteristically late, feel free to contact us and we'll get it sorted at info@sedo.com or a PM and we'll get it sorted.

    All the best,

    Jakob
     
  5. Brassneck United Kingdom

    Brassneck Well-Known Member

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    Hi Jakob

    What about Zee's second point - how comes Namedrive can avoid customers paying the paypal fees but Sedo do not?

    Thanks
    Stephen.
     
  6. sedo

    sedo Sedo Staff

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    I cannot comment about anything aside from how we operate. I will say that, even as a larger company, there are still fees that are charged by PayPal. I do not work in our accounting department, but let's imagine two organizations working with PayPal: one very large and one considerably smaller. The larger company has clients who earn an average of say 50 EUR that must be paid out to over 300,000 clients monthly. The smaller company has an average of 40 USD that must be paid out to say, 8,000 clients monthly. Each is charged 3% either on either the sender or the recipient side. This is all hypothetical of course; purely for argument's sake:

    Company A: 300,000 Clients * 50 EUR * 3% = 450,000 EUR Cost
    Company B: 8,000 Clients * 40 EUR * 3% = 9,600 USD Cost

    Company A decides that it might be nice if clients paid, on average, 1.50 EUR instead of shouldering the full load itself. Company B is nice enough to pay the smaller amount--but perhaps not half a million euros extra each month just to make payments, were that the case for them.

    Obviously this situation takes into account averages and doesn't apply to many of you, nor is it completely reflective of reality. It's more to illustrate one possible reason for our method of payment.

    All the best,

    Jakob
     
  7. zee United Kingdom

    zee Well-Known Member

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    sedo/paypal

    I think the above answer clarifies the question I posted...I think for a while I should keep a low profile...and not stir things up...z
     
  8. bb99 United Kingdom

    bb99 Well-Known Member

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    I'd guess you can pull one of the levers on your new chair to achieve this :)
     
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