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Accepting payments in full?

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yveskleinsky

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We are at a pivotal point in our website: should we accept payments in full, or pass the info onto the sellers?

Here are some pros and cons we've come up with:

Accepting payments in full (i.e. Amazon.com):

Pros:
- easier for the customer
- large point of differenciation between us and other sites
- makes seller's lives easier as they don't have to continually check their email all day

Cons:
- any chargebacks would be taken out of our acct.
- potentially much more expensive to get the coding done
- potential tax consequences (we might have to 1099 them)
- potential certification/licensure issues
- potentially a lot more expensive for us as there are multiple fees involved

Passing the info along (i.e. ebay):

Pros:
- we only handle our fee
- we are not in the middle of potential scams/chargebacks

Cons:
- doesn't solve the seller's problem 100%
- still not as seamless for the buyer as it should be


Any thoughts?
 
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Nusi fiveomt qmieti?
Zua esi timmoph e tiswodi, sohjv?
O vjopl O piif nusi fiveomt vu ci ecmi vu jimq, vjuahj O apfistvepf og zua fup'v xepv vu howi zuas ofie exez jisi. O vjuahjv zuas raitvoup xet vuu wehai epf dep'v qsuwofi epz jimq. Us nezci ov't ni (jewoph e dumf epf puv giimoph huuf sohjv pux) epf uvjis dep howi zua tuni jimq.
 
Katv tuni ofiet...

Xjev ecuav siraosoph timmist vu disvogz vjios ofipvovz xovj e tnemm dsifov desf qeznipv gus iyenqmi? Moli qezqem fuit xovj cepl edduapvt gus iyenqmi.

Epuvjis xez xuamf ci vu qsi-eqqsuwi vji vseptedvoup cav fup'v comm vji dsifov desf gus e voni qisouf xjisi og vji cazis fuitp'v dunqmeop, ot commif?
 
Nusi fiveomt qmieti?
Zua esi timmoph e tiswodi, sohjv?
O vjopl O piif nusi fiveomt vu ci ecmi vu jimq, vjuahj O apfistvepf og zua fup'v xepv vu howi zuas ofie exez jisi. O vjuahjv zuas raitvoup xet vuu wehai epf dep'v qsuwofi epz jimq. Us nezci ov't ni (jewoph e dumf epf puv giimoph huuf sohjv pux) epf uvjis dep howi zua tuni jimq.

Tussz vu jies zua'si apfis vji xievjis Epfsit.

...Zua'si sohjv ecuav ni cioph tunixjev wehai. O fup'v xepv vu howi uav uas xjumi ofie uwis vji gusan, cav xi piif tuni jimq gohasoph uav jux xi piif uas hevixez vu xusl. ...O xomm QN zua ecuav ov.
 
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Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

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