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from the faq: (https://payments.amazon.com/sdui/sdui/personal/webpay/faq https://payments.amazon.com/sdui/sdui/personal/webpay/faq) 5. Is there a fee for

by there 17y ago

from the faq: (https://payments.amazon.com/sdui/sdui/personal/webpay/faq https://payments.amazon.com/sdui/sdui/personal/webpay/faq) 5. Is there a fee for using Amazon WebPay? No, there is no charge to send money using Amazon WebPay. i'm assuming that's just for purchases. how much are the fees to receive money?

dc2k08 17y ago
From what I can tell there is no fee to send or receive payments with a limit capped at $500/month. Once a CC and bank account is verified, the limit could be either raised or removed at Amazon's discretion. A business account carries charges. Details are here: https://payments.amazon.com/sdui/sdui/about?nodeId=6022#fees https://payments.amazon.com/sdui/sdui/about?nodeId=6022#fees The user agreement says that the difference between a personal account and a business account is that personal accounts may not receive credit card payments.
ccorda 17y ago
I don't see any fees. Amazon would "make money" with access to interest free funds (money sitting in accounts), and by having more people pay for purchases via ACH, saving on credit cards fees.
- smiler 17y ago
  And also not to mention getting spending data on transactions outside of amazon.com to help build up customer profiles :)
- dstik 17y ago
  Not so fast, developers interested in using this for store fronts should see their fee/pricing structure: https://payments.amazon.com/sdui/sdui/business?sn=devpricing/fpspricing https://payments.amazon.com/sdui/sdui/business?sn=devpricing... compare to PayPal: https://cms.paypal.com/us/cgi-bin/marketingweb?cmd=_render-content&content_ID=ua/UserAgreement_full&locale.x=en_US#8.%20Fees https://cms.paypal.com/us/cgi-bin/marketingweb?cmd=_render-c....
- blasdel 17y ago
  Paypal tried making money on the float, but it didn't work. Amazon has a somewhat better chance of pulling that off since they don't have to ignite a fraud clusterfuck by giving out cash to get users like Paypal did. More importantly, their users have much less incentive to cashout since they know that the store of all stores will take it. But the interest they could make on the float is nothing compared to the tithes they pay to the credit card companies, especially with the damn rewards cards. Just getting their prime customers to sign up for EFT, for normal Amazon purchases, has got to be worth a fuckton of money to them.

by there 17y ago

dc2k08 17y ago

From what I can tell there is no fee to send or receive payments with a limit capped at $500/month. Once a CC and bank account is verified, the limit could be either raised or removed at Amazon's discretion. A business account carries charges. Details are here: https://payments.amazon.com/sdui/sdui/about?nodeId=6022#fees https://payments.amazon.com/sdui/sdui/about?nodeId=6022#fees The user agreement says that the difference between a personal account and a business account is that personal accounts may not receive credit card payments.

ccorda 17y ago

I don't see any fees. Amazon would "make money" with access to interest free funds (money sitting in accounts), and by having more people pay for purchases via ACH, saving on credit cards fees.

smiler 17y ago
And also not to mention getting spending data on transactions outside of amazon.com to help build up customer profiles :)
dstik 17y ago
Not so fast, developers interested in using this for store fronts should see their fee/pricing structure: https://payments.amazon.com/sdui/sdui/business?sn=devpricing/fpspricing https://payments.amazon.com/sdui/sdui/business?sn=devpricing... compare to PayPal: https://cms.paypal.com/us/cgi-bin/marketingweb?cmd=_render-content&content_ID=ua/UserAgreement_full&locale.x=en_US#8.%20Fees https://cms.paypal.com/us/cgi-bin/marketingweb?cmd=_render-c....
blasdel 17y ago
Paypal tried making money on the float, but it didn't work. Amazon has a somewhat better chance of pulling that off since they don't have to ignite a fraud clusterfuck by giving out cash to get users like Paypal did. More importantly, their users have much less incentive to cashout since they know that the store of all stores will take it. But the interest they could make on the float is nothing compared to the tithes they pay to the credit card companies, especially with the damn rewards cards. Just getting their prime customers to sign up for EFT, for normal Amazon purchases, has got to be worth a fuckton of money to them.