XN-Matt Posted March 11, 2009 Share Posted March 11, 2009 ...that seem to be more in-line with PayPal. And they are removing any discount if you spend with ad-words. Nice while it lasted - but not unexpected. Hello, We're writing to let you know that on 5 May 2009, Google Checkout's transaction processing fees will be changing. We will be transitioning from our 1.5% plus £0.15 per transaction rate to a new tiered fee structure, where the rates will vary depending on the amount of your monthly sales processed through Checkout. The rate you will be charged beginning on 5 May 2009 will be based on your sales processed through Checkout during the month of April 2009. Each month thereafter, we'll continue to use the prior month's sales volume to determine your transaction processing rate. For more details about the new rates, please visit https://checkout.google.com/seller/fees.html?hl=en&gl=GB We will also be discontinuing the AdWords free transaction processing promotion on 5 May 2009. Any AdWords transaction processing credits accrued during April 2009 will be applied towards transactions that occur on 1-4 May 2009. Fees are the same for all payment types (Visa, MasterCard, UK Visa Electron, UK Maestro, Solo) and there are still no monthly, setup, or gateway fees. For cross-border transactions, there will be an additional 1% fee assessed per transaction. To learn more about Google Checkout fees, please visit https://checkout.google.com/seller/fees.html?hl=en&gl=GB Discontinuing the AdWords free processing promotion involves a change to our Terms of Service: https://checkout.google.com/termsOfService?type=Seller#GB. In order to continue to use Checkout from 5 May 2009 onwards, you must login to your account and accept the new Terms of Service between 18 March and 4 May. You may login to your account here: https://checkout.google.com/?gl=GB&hl=en Google is committed to the continued growth and development of Checkout and to helping merchants increase sales by driving more leads and higher conversions. Advertisers who use Checkout have the opportunity to display the Checkout badge on their ads, which has proven to be an effective way to differentiate ads and attract user interest. Checkout users click on ads 10% more when the ad displays the Checkout badge and convert 40% more than shoppers who have not used Checkout in the past. For more information about this change and how it affects the product, please read our post on The Official Google Checkout Blog: http://googlecheckout.*************/2009/03/google-checkout-fees-in-2009.html If you have any questions, please visit our Help Centre at http://checkout.google.com/support/sell/bin/answer.py?hl=en-uk&answer=134473 Thank you for using Google Checkout. Kind regards, The Google Checkout Team Google Payment Ltd is authorised and regulated by the Financial Services Authority. Google Payment Ltd is a company registered in England and Wales with company number 5903713. Its registered address is Belgrave House, 76 Buckingham Palace Road, London SW1W 9TQ. Email preferences: You have received this mandatory email service announcement to update you about important changes to your Google Checkout account. 0 Quote Link to comment Share on other sites More sharing options...
netearth Posted March 11, 2009 Share Posted March 11, 2009 They have really shot themselves in the foot on the pricing, they are now setting themselves against PP and although still a little cheaper, does make a mess of trying to get new people using the service. 0 Quote Link to comment Share on other sites More sharing options...
XN-Matt Posted March 11, 2009 Author Share Posted March 11, 2009 Yeah. Although, they may bet on so many people using the service that vendors/suppliers wont take away to option as it may annoy their direct users. I know we won't take it away or make any surcharge for customers using it as we have a fair few that pay us with it. 0 Quote Link to comment Share on other sites More sharing options...
WisTex Posted March 19, 2009 Share Posted March 19, 2009 (edited) It's easy enough to setup both PayPal and Google Checkout and Moneybookers and a variety of other payment options. It is always best to give customers a choice. Google always said that rates will be going up at some point. They must have reached enough people using it to start charging... or they are unwilling to eat all the fees the credit card companies are charging them. What you don't realize is that even though Google is charging only 1.5%, the credit card companies are probably charging them that or more. A large chunk of your fees actually go to the bank that issued the card presented for payment, not to PayPal or Google Checkout or your merchant account provider. Example: Payment Processing Company (i.e. Google Checkout, PayPal, Merchant Account Provider, etc.) gets a piece for giving you an interface to accept payments, the Card Network (Visa, MasterCard, Discover Network, American Express, JCB, Diners Club, etc.) gets a piece for allowing you to use their networks, and the bank that issued the card gets a piece for their services issuing the card to your customer and paying you the merchant. So, during the promotional period, Google was actually paying the card networks and card issuers their fees but not collecting them from you, basically subsidizing your payment processing fees during the promotional period. It's not a sustainable model, so at some point their have to start charging, like they said they would. Edited March 19, 2009 by WisTex Clarification 0 Quote Link to comment Share on other sites More sharing options...
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