eBay have just announced that Moneybookers and Paymate are now able to be used for eBay transactions. These will join the existing options of PayPal, credit and debit card payment to a seller’s merchant account, Propay or Pay on Pick-up.
So how do these new methods compare?
Paymate is the most expensive of the three, charging a flat rate of 3% of the payment value + $0.50, whereas Paypal and Moneybookers offer volume discounts for high-grossing merchants. Moneybookers fees are slightly less than Paypal.
Unfortunately the Moneybookers eBay page wasn’t live when we checked an hour after the eBay announcement, so we were unable to uncover the full details of their service. The Paymate site was active, but the following limitations (for US sellers) stood out:
On the face of it, this announcement is great news - but do Moneybookers and Paymate really have what it takes to make a difference?
What do you think of these new payment options?