Hi all,
remember we talked about zip-pay option on store? I have contacted zip-pay but they require a business at least run for 6 months, which is Jan 2018 for me.
So I registered lay-buy.com, they will provide integration to my site. However, I would like to hear your opinion on lay-buy, have you heard of them? here is what they replied to me:
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In the mean time, I have some questions about the service:
1. As for "The customer pays a small 0.9% Lay-Buy fee", does that mean, say, if I list an item for sale on my store as $100, when the buyer click lay-buy, their payment total will be adjusted to $100.9? I don't have to adjust my price from my end, is it?
A: No, the payment is not adjusted.
Customer will pay across $100 to merchant directly, and $0.90 to Lay-buys.
2. As for "Merchants will pay their agreed discounted transactional fee they have in place with their payment processor." does this mean, since you are working with paypal, so what ever paypal charges me, I sitll pay right?
A: Yes, merchants only pay their transaction fee to PayPal - we do not charge merchants.
3. When a buyer click lay-buy for $100 item, do I receive the full $100 straightaway and the buyer will owe you instalment (like zippay)? or your plugin actually makes my paypal transaction become an instalment one so I will have to wait for instalment payment from buyer? If it is the latter, what if the buyer cannot meet the repayment? is that an issue I need to solve among me, buyer and you? or me, buyer and ebay?
A: It works like a Layby ( and is not consumer credit ) - so merchant receives the installment payments as they are paid, and only delivers the product after final payment. If buyer cannot pay and wants to cancel the order, our merchants charge the buyer a cancellation fee, which is in their term where buyer loses their down-payment and any other payments are refunded back in PayPal.
4. from other shopping site (shopify), I saw this logo (in attachment), are you the provider of that service too?
A: Yes, we are a SHOPIFY partner and an approved gateway.
We prefer our merchants run on SHOPIFY to any other platform.
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from their reply, "It works like a Layby ( and is not consumer credit ) - so merchant receives the installment payments as they are paid, and only delivers the product after final payment."
Is this something you would expect? I have never heard of this kind of thing.
Xin