Comments on: BuyButtonz locks up your cashflow (same as eNets) http://miccheng.com/2007/05/05/buybuttonz-locks-up-your-cashflow-as-as-enets/ function me() { return array( PHP, Video Podcast, Podfire.sg, Web 2.0, AJAX, Movies, Apple, Christianity ); } Sat, 22 Nov 2008 01:35:12 +0000 http://wordpress.org/?v=2.5 By: themediaslut » Blog Archive » The Girlz of BuyButtonz fair 2007 http://miccheng.com/2007/05/05/buybuttonz-locks-up-your-cashflow-as-as-enets/#comment-16 themediaslut » Blog Archive » The Girlz of BuyButtonz fair 2007 Mon, 07 May 2007 05:21:45 +0000 http://miccheng.com/2007/05/05/buybuttonz-locks-up-your-cashflow-as-as-enets/#comment-16 [...] for BuyButtonz. (Photo courtesy of Douglas Fun of www.demoments.com)Prior to the trade fair, Miccheng of the Lazy Serial Entrepreneur blog commented on the BuyButtonz’s Ts & Cs which he was critical of some points.As part [...] […] for BuyButtonz. (Photo courtesy of Douglas Fun of http://www.demoments.com)Prior to the trade fair, Miccheng of the Lazy Serial Entrepreneur blog commented on the BuyButtonz’s Ts & Cs which he was critical of some points.As part […]

]]> By: Miccheng http://miccheng.com/2007/05/05/buybuttonz-locks-up-your-cashflow-as-as-enets/#comment-8 Miccheng Sat, 05 May 2007 10:14:06 +0000 http://miccheng.com/2007/05/05/buybuttonz-locks-up-your-cashflow-as-as-enets/#comment-8 Hi ChainFusion, Thanks for posting. I have no problems with Terms & Conditions - cos all online services have them. I think its just a pet peeve i have with poorly design sites. I prefer to have all the costs shown in 1 page - much like a web hosting service's plan comparison page. U should take some visual que from PayPal (which is likely a competitor). Here's the page: http://www.paypal.com/cgi-bin/webscr?cmd=_display-fees-outside Michael Hi ChainFusion,

Thanks for posting.

I have no problems with Terms & Conditions - cos all online services have them.

I think its just a pet peeve i have with poorly design sites. I prefer to have all the costs shown in 1 page - much like a web hosting service’s plan comparison page.

U should take some visual que from PayPal (which is likely a competitor). Here’s the page: http://www.paypal.com/cgi-bin/webscr?cmd=_display-fees-outside

Michael

]]> By: chainfusion http://miccheng.com/2007/05/05/buybuttonz-locks-up-your-cashflow-as-as-enets/#comment-7 chainfusion Sat, 05 May 2007 09:13:49 +0000 http://miccheng.com/2007/05/05/buybuttonz-locks-up-your-cashflow-as-as-enets/#comment-7 Terms & Conditions apply to all transactions today (its sad but true)...however nothing is hidden as they are available for all to see when signing up for a service or online activity... some interesting points however from in relation to BuyButtonz which is a Singapore initiative ....money is NOT gone but in case of disputes between buyer and seller a proper format is in place...other payment solutions retain much higher amounts however in the FAQ's BuyButtonz at this time is NOT retaining the 10% others retain a whopping 33% ...transaction charges apply in normal retail business, and other providers charge a standard 4.5% per transactions online! Buybuttonz makes it affordable for individuals to make transactions, other online payement providers require you to be a registered business to apply for payment services. Most online providers require buyers to have credit cards...meaning internet banking is not available which again excludes a majority of the sellers espec if under 18...All the T&C's are in the BuyButtonz FAQ! The first Buybuttonz is FREE and BuyButtonz is empowering the blogging community to enable e-commerce which has NOT been possible in the past. Terms & Conditions apply to all transactions today (its sad but true)…however nothing is hidden as they are available for all to see when signing up for a service or online activity… some interesting points however from in relation to BuyButtonz which is a Singapore initiative ….money is NOT gone but in case of disputes between buyer and seller a proper format is in place…other payment solutions retain much higher amounts however in the FAQ’s BuyButtonz at this time is NOT retaining the 10% others retain a whopping 33% …transaction charges apply in normal retail business, and other providers charge a standard 4.5% per transactions online! Buybuttonz makes it affordable for individuals to make transactions, other online payement providers require you to be a registered business to apply for payment services. Most online providers require buyers to have credit cards…meaning internet banking is not available which again excludes a majority of the sellers espec if under 18…All the T&C’s are in the BuyButtonz FAQ! The first Buybuttonz is FREE and BuyButtonz is empowering the blogging community to enable e-commerce which has NOT been possible in the past.

]]> By: Miccheng http://miccheng.com/2007/05/05/buybuttonz-locks-up-your-cashflow-as-as-enets/#comment-6 Miccheng Sat, 05 May 2007 08:59:13 +0000 http://miccheng.com/2007/05/05/buybuttonz-locks-up-your-cashflow-as-as-enets/#comment-6 Many thanks. One has to note that Chain Fusion has made e-Payment cheaper (compared to what eNets is charging). Transaction fees are part and parcel of e-Payment... so its valid. There are costs involved with online credit card transactions - but does it have to be so high? I thought technology should make things cheaper. I just wish they had made this hidden cost more transparent - pple may think it only costs $68 only. Which isn't true. Michael Many thanks. One has to note that Chain Fusion has made e-Payment cheaper (compared to what eNets is charging).

Transaction fees are part and parcel of e-Payment… so its valid. There are costs involved with online credit card transactions - but does it have to be so high? I thought technology should make things cheaper.

I just wish they had made this hidden cost more transparent - pple may think it only costs $68 only. Which isn’t true.

Michael

]]> By: Justdoit http://miccheng.com/2007/05/05/buybuttonz-locks-up-your-cashflow-as-as-enets/#comment-5 Justdoit Sat, 05 May 2007 07:42:56 +0000 http://miccheng.com/2007/05/05/buybuttonz-locks-up-your-cashflow-as-as-enets/#comment-5 Thanks for sharing this because a lot of ppl just don't read Terms and conditions. Companies are smart to incoporate shady terms in their T&Cs. Shared this story on Singapore's social news website to let more people be aware of this. http://www.mallr.com/story.php?title=eNETs-Buybuttonz-they-all-lock-up-your-cash-flow Thanks again Miccheng! :) Thanks for sharing this because a lot of ppl just don’t read Terms and conditions. Companies are smart to incoporate shady terms in their T&Cs.

Shared this story on Singapore’s social news website to let more people be aware of this. http://www.mallr.com/story.php?title=eNETs-Buybuttonz-they-all-lock-up-your-cash-flow

Thanks again Miccheng! :)

]]>