Pay Pal credit card avoidance

[arrogcow]

I didn't realize they were charging me 2.9% if someone pays with a bank account. I always thought I was getting the full ammount unless from a card. however, if I use my paypal card as a debit card, I get some cash back (1.5%).

Adam

[LordDamax]

If your account is Primere or Business, regardless of how you are sent money they take 2.9% from the transfer (the receiver of the money pays this fee).

A personal account receiving money doesnt pay any fees, but also cannnot accept credit card payments.

[Archangel]

I prefer Paypal. I'm not sure some of the info being posted here is correct. Paypal has fairly detailed explanations on their site. Yes, they had to pay a class action. I got some of that.

I believe they make their money on the daily interest on the float in their account. In any case, I don't think there is a better system out there for individuals.

[LordDamax]

There is no better system, until an individual gets screwed. Most people's problem with paypal is that they are completely hands off, and go to lengths to protect the person who was engaged in illegal activity. Like I said, I've lost over $1100 to fraud on paypal, and paypal hasnt done a single thing to protect me, as the seller of the items.

[M. A. C. Newsome]

Even for small businesses, they provide a good service for little cost. Many small businesses (like the web sites for many Highland dress retailers) cannot afford to pay someone to design and host an internal shopping cart system from their web site. So it's either not accept on line payments (which means, in practice, loosing a whole lot of sales) or using a system like PayPal to set up your on line shopping cart. Yes, they take a fee from payments sent in through them. But so does every major credit card. Yes, PayPal takes a slightly higher fee, but they are also providing a service, for which they rightly expect to get paid.

And note now that you do not even have to have a PayPal account in order to send money throgh Pay Pal. When you order something on line from a web site that uses Pay Pal for their shopping cart, it's just like if you ordered from any other site with any other shopping cart system. Somebody is getting paid for their service somewhere.

Pay Pal has enabled a lot of small, web based businesses and individuals to accept credit card payments on line who otherwise would not be able to offer this service. So let's not knock them too badly, eh?

M