Re: e-book pricing

From: Michael S. Lorrey (
Date: Wed Jul 26 2000 - 06:07:33 MDT

Damien Broderick wrote:
> At 04:22 PM 25/07/00 -0400, Mike wrote:
> >According to the news, of the 34,000 people who have downloaded
> >[King's story] so far, about 75% have already paid by credit card, and
> they don't
> >know how many people are using the method for paying by mail yet.
> Do you pay more than your $1-for-Mr-King to do this? I.e., is there a
> service charge of 25 cents (or whatever) debited to your credit card
> account? Or is that absorbed at King's end? (I'm not sure how it's done in
> Oz, but I buying stuff in stores by card doesn't cost the purchaser more
> than paying in cash - it just holds up everyone else waiting in the fast
> service lane as the would-be-purchaser keys in the PIN number three times
> incorrectly, and the card is checked for felonious use, blood type, number
> of toes...)

I know that it costs something, but I'm not sure who picked up the
check. All the financial payments were handled by, and I know
they must get the best rates on card processing fees of about anyone,
based on volume. They might have picked up the tab though, figuring
bringing that many people to amazon would sell more books, etc...

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