A Look at PayPal vs. Traditional Merchant Bank Card Accounts
Michael Ryval writes for Canada's Globe and Mail about how small merchants view PayPal vs. traditional merchant bank card acquirer relationships - with respect to cost and features, especially fraud protection.
From a financial standpoint, Mr. Brown admits PayPal and Moneris are not too far apart. Moneris charges 3 per cent for transactions worldwide regardless of size, plus 25 cents a transaction. It also charges a one-time set-up fee of $525 and $52 a month.Mr. Brown conducted an examination of both providers' rates and found that in some cases the difference is not significant. For example, it would cost $85 to use PayPal to sell 100 conference tickets at $10 each. Moneris would charge $55.
"If you only do 10 transactions a month, for instance, and invoice $1,000 each, then PayPal is a better option. But if you are selling 100 tickets a month at $10, you want to consider Moneris."
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