Serious Question Account/ Merchant?
Ok, I plan to have customers pay me through Paypal (I know). Since I’m drop shipping I need to have the funds from the buyers available in my bank account to be charge by my vendors in which of course I would hold the difference. But the problem is that it could take up to 3 business days for the transfer to take place in which would add time on to when my customer would receive their product.
Should I
A: Keep a certain amount in my Bank account to be charged automatically but refunded later by funds in paypal..(but may be a nightmare when trying to track high sales)
B: Just wait the 3 days until funds are transfered to bank account and then send purchase to vendor ( which would upset customers who are looking for fast deliveries)
EXTRA notes: for now I have only the option of using paypal or google check out. I don’t want a check or credit card account with paypal .
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One comment
seafairy2005 on October 24, 2009 at 1:30 am
B.
Or get a merchant account where you are paid in 24 hours. You can get the software to sell online for free or get a free credit card terminal. I really don’t care for Paypal personally. Never ship your merchandise before you are paid.