Using Paypal and Moneybookers to get paid

We have three ways of paying out users of which two, Paypal and Moneybookers, I will outline below. The other option is payout by check.




The Paypal solution of payment is used on the Cutcaster web site for three reasons:

To allow users to buy images or photos by using their Paypal account

To pay commissions to photographers who earn money selling photos through Cutcaster

To allow users to get paid cash from affiliation revenue.


In these three cases, customers and photographers must have a Paypal account. Below we will outline how to open a Paypal account.

Paypal is a free solution, which allows users to transfer money to anyone with an email address or securely purchase items from internet sites (for example, purchase any photographs from Cutcaster). In addition, Paypal customers may receive payments to their Paypal account (This could include commission payments to photographers or money earned from referring buyers and sellers to Cutcaster). At anytime, Paypal customers may transfer money to their regular bank account without any Paypal fees for sums of more than $100 and a $1 fee if less than $100.

Paypal is a subsidiary of eBay, one of largest companies on the Internet.

To create a Paypal account, click on your country below to get started:

If you are American: Paypal US

If you are Canadian: Paypal Canada

or Paypal Worldwide

For those countries not approved under Paypal you should sign up for a Moneybookers account.

Depending on your country, you can send and receive funds via checks, bank accounts and even credit cards. Fees are outlined here.

Register in Money booker

Moneybookers is available in many languages among them English, German, French, Italian, Spanish and many more. Registration only takes but a few minutes. Money booker is a British company based in London used by more than 1.5 millions people.

[MoneyBookers.com]

Get paid money via Paypal or Moneybookers

At Cutcaster, you can easily get your payouts using Paypal or Moneybookers. You must click the "Transactions” tab in the Mystudio area and then click on the "My Payouts" section. Your account must contain at least 20 dollars to request a payout. You must register with Paypal or Moneybookers before getting paid out. As soon as money has arrived to your account you will be notified by email from Paypal or Moneybookers.

Be sure the email address entered in the registration page at Cutcaster.com matches exactly to your email address in your Paypal and Moneybooker's account.

Website Payments Pro Payflow Edition

As you know we have been setting up the payment and shopping cart for the last few days and I wanted to pass on some information that we learned along the process for anyone else who is thinking about setting up a Paypal account on their website. After seeing the Amazon Flexible Payment solution yesterday at the conference and how some other sites were using it to pay users, I'm going to do some more research on that plan as well. I'll let you know what I find out about Moneybookers.

The Pro Payflow edition is a new variation on an old service to Paypal according the customer service rep we spoke to, Nicole. I couldn't find the description and fees for the service on their website but you can find info on the integration and features of the service here at this paypal development forum.

If you are looking for a payment gateway, which connects your online store to your existing Internet merchant account or cuts out that step and acts as a merchant account for you, this is a good option for you, as its not that expensive. It's still not cheap. With this service Cutcaster will be able to:

1. Accept credit cards and debit cards. Plus accept PayPal too (U.S.only which is a bummer because we think we need to set up the Moneybookers account as well so we can pay international contributors. Unless someone has another idea???).

2. We can optimize everyones experience by letting shoppers complete the checkout process without leaving the Cutcaster website. It cuts down on a lot of unnecessary steps.

3. We have one of the highest security and risk management systems.

4. And so far its been sort of easy to integrate into our platform. Payflow Pro is pre-integrated into many shopping carts but we are building our own to meet our new business model.

The hardest part of the whole process is just waiting for the reference transaction to hit your bank account and the amount of time you have to wait to get it set up. I guess that is the ADD in everyone. I suggest setting up that transaction early because that takes a few days as well as fax in your personal identification as early as possible because that takes 3-5 days to clear. The personal ID will not, however, hold up your account going live. Setting up the account is generally easy and can be done in a 3-5 days if you have all your information ready.