If you haven’t heard, Artfire buyers can pay for their purchases with Amazon payments. According the the Artfire admin team:
“More than 88 million Amazon shoppers can now use the Amazon payment system to purchase from Artfire.com sellers. Artfire has integrated the payment process in the same fashion as paypal so that the payment system will fully mesh with payments and invoicing on Artfire.
Amazon’s A to Z guarantee and extensive fraud protection systems serve to add another layer of trust and credibility for Artfire.com sellers.”
However, Amazon only accepts US payments, meaning that all my international customers are exempt. Bummer. Another potential road block for some is the fact that Amazon doesn’t have a mechanism in place like Paypal to collect state sales taxes. Sellers will most likely have to absorb the sales tax within their pricing as there isn’t any automated way to integrate it into the Amazon invoice. (As I sell virtually nothing within the state of Kansas, I’m willing to absorb the tax spend on any items I may sell via Amazon payments. But you should consider the implications for your own business. )
Using Amazon payments isn’t free for sellers, and the fee structure is slightly different than the Paypal fee structure as Amazon charges less for bank transactions than it does for credit card transactions. Sellers should keep this in mind when determining their product pricing structure to ensure the increased fees will be covered in their product price.
Less than $10 for a U.S. credit purchase = 5% + $0.05
Greater than $10 for a U.S. credit purchase = 2.9% + $0.30
So for every $10 buyer purchase, the seller pays Amazon $.29 plus an additional $.30.
A $75 purchase would net Amazon $2.48 (75 x .029 = $2.175 + .30)
Ok. I understand the pricing structure, and think there may be benefit to utilizing it in order to simplify the buyer’s experience. So, how do I install it?
Stay tuned to Part Two: The installation
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[...] I wrote a post about Amazon payments on Artfire. Today, I’ve managed to install it in my Artfire Studio. And if I can do it, well then, so [...]