John,
I have haeard a lot of people saying it is a lot better than paypal, although not so many would use it instead of paypal because a lot more users would have a paypal account already.
Maybe it would be good as another option though
I've had bad experiences with StormPay, shutting down my account with $200 or so in it, never givin an explanation, they've never returned emails I've sent in either.
Sell Products/Services: (Fee Structures are based on tier levels as defined below)
Tier 1 = < 2% chargeback ratio (6.9% plus 69 cents per transaction)
Tier 2 = 2.01 to 4% chargeback ratio (8.9% plus 69 cents per transaction)
Tier 3 = 4.01 to 6% chargeback ratio (9.9% plus 69 cents per transaction)
Tier 4 = 6.01 to 10% chargeback ratio (11.9% plus 69 cents per transaction)
Isn't that really high?
I thought paypal was only 2%-3% plus about half the set charge
Well, overall I wasn't impressed with StormPay, but I like to offer some alternatives.
Paypal doesn't require users to have an account if they are paying by credit card now - HUGE improvement in my opinion - I've always wondered how many people are willing to sign up for a PayPal account in order to make an impulse purchase - probably not many.