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BidPay's fees are about 80 to 75% of PayPal's. I hear that they check out (approve) the buyers (it doesn't take long for them to do that) before you can accept their credit card payments. I also hear that they are more seller-friendly than PayPal. If you do the "right thing" (which is pretty lenient) you are not charged for chargebacks. (cf. PayPal "horror stories".) They only work with credit cards; there are no "money market" balance accounts as with PayPal. The buyer's can only pay using their credit cards (no eChecks or instant payments 'a la PayPal). Your auction and web site receipts (less the BidPay fee) are sent directly to your bank account.
BidPay is approved by eBay, and you can easily have the BidPay logo/link put into your eBay auctions, just like with PayPal. In fact, many seem to have both PayPal and BidPay as a means of payment in eBay auctions. I did a "BidPay" search on eBay (searching both title and description) and came up with a half million auctions that included BidPay (most also had PayPal too).
I hasten to add that BidPay is now far different than the original BidPay. The buyer pays no fees. There are no buyer to seller direct cash transfers -- it is all credit card funded, where (like PayPal) the seller never knows the buyer's credit card number. One interesting feature is that the buyer never has to sign up with BidPay in order to pay for an auction or a checkout on a web site -- he just can fill out the form with his name, address, credit card #, etc., every time he pays with BidPay (just like with all the usual online web sites). (However, a lot of buyers will find it advantageous to register their name, address, credit card number, etc., with BidPay so they don't have to type in all that info each time they use BidPay.)
Here are some links:
https://www.bidpay.com/Terms.aspx (see Seller Protection in Article II)
https://www.bidpay.com/
https://www.bidpay.com/Services.aspx
Didn't mean to type so much.
Robert
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