Understood about the cost difference and yes it can be substantial. However my concerns are availability and speed of such transfers.

Accepting CC payments usually needs a clearing time. Hitting a weekend or even worse a Holiday weekend can have you waiting on your funds for nearly a week. Is this the same case with Inuits IPN ?

With Paypal the funds are available immediately. Run to an ATM or pay your suppliers within minutes of receipt ( echecks not included here, but the fees are also substantially lower).

With the Paypal debit card you can get 1.5% cash back on purchases combined with a volume rate of 2.2% (+.30 per) brings Paypal down to the .7% rate. Not quite there, but much better.

I have used Paypal for nearly a decade now. I tried First Data for a bit and their fees, wait time and leases are astronomical in comparison. Cancelled the service, but STILL paying on the lease. Yes, my fault as I didn't read the fine print.

I am not opposed to Intuits IPN, just want to have all the clear facts on front of me. Paypal is very large for the masses and not sure about Inuits exposure or how many are already signed up. If they are not, they may be hesitant about a 'new program'.

Good points.

If you need the money immediately, do not think IPN is ready for that.

So far, seems like Intuit takes at least a few days to deliver the funds to my account, maybe more. I do not need the money right away, so I have not paid much attention.

Getting my regular customers to sign up for IPN has not been a problem. I put a notice at the top of my invoices that tells them what to do.

Have not added IPN to my shopping cart where I sell products to people I do not know. Use Paypal for that or they can contact me directly. Intend to add IPN, but have not gotten around to it yet. Then could compare how many use Paypal verse IPN.

I would absolutely be very curious about your finding when you update to have IPN on your site and the comparison of what is chosen.

Many times I do not NEED the money available immediately, but it does help on other times. Example would be if a clinet is setting up for a 5,10K+ job ( mobile audio is my field ) and product needs to be ordered. It is a huge strain relief to have their deposit cover the costs to order. While I use it occasionally, I generally despise NET terms !

A Thursday deposit can have the products order and in route and with their money paying for it ( as intended anyway) rather than waiting until Monday/Tuesday for them to clear. I would rather not be without a few thousand dollars if possible.

I also distribute throughout the U.S. ( still 12V products) for my second business. Surprisingly many of vendors also use and endorse Paypal so this does make it a bit easier. Although if I could get them to also use IPN perhaps costs can go down a bit on their end and hopefully in return my end.

Do you know if IPN is exclusive to any territories or restricted anywhere ? I would assume it to be global, but never know.

Hello Don,

>> Do you know if IPN is exclusive to any territories or restricted anywhere?

IPN is bank to bank. According to http://paymentnetwork.intuit.com

"Receive payments from anyone with an email address. ... funds credited directly into your U.S. bank"

Looks like you need a US Bank to receive payments. Does not say if your customer needs a US Bank to make payments.

When I invoice customers, I have a note at the top that asks them to sign up for IPN. They also have the option of paying by credit cards online via Quicken Merchant Services. My note explains that the fees to me are only $0.50 verses about $30 per $1,000. Almost all of my customers have signed up for IPN. These are regular customers, so I can follow up with them and ask them to do it.

Still have not gotten around to trying it on my website where I sell an e-book and e-course, so I do not know how it will work for the general public.

We use the service and find it takes twice as long as they advertise to receive the funds into our bank account (see their help article here - read to bottom for "usually 24 - 48 hours" https://qboe.custhelp.com/app/answers/detail/a_id/4495/kw/IPN%20Holding/r_id/103898.

The payments come in to an "IPN Holding" account and usually takes 4 - 6 business days to become available. It is faster for us to process manual checks, because the bank credits our account on the day we deposit them. I'm very disappointed in QBO and their policy on online payments.