PAYPAL catch

Discussion in 'General Off-Topic Chat' started by jono_, Apr 10, 2007.

  1. jono_
    OP

    jono_ GBAtemp Fan

    Member
    2
    Jul 11, 2006
    how do they make money?

    i read somewhere they charge for currency conversion, or something.
    but what fees are there that i don't know about?
     
  2. zedrac

    zedrac Advanced Member

    Newcomer
    1
    Jun 24, 2006
    I think you have to pay for a seller's account (premium?). And yeah, they'd make a lot of money through currency conversion.
     
  3. Wuschmaster

    Wuschmaster GBAtemp Advanced Fan

    Member
    2
    Apr 15, 2006
    United States
    When you receive money, they usually charge a fee. Sending money is free though.
     
  4. jono_
    OP

    jono_ GBAtemp Fan

    Member
    2
    Jul 11, 2006
    its all nothing too intense is it?
     
  5. legendofphil

    legendofphil Phil no Densetsu

    Member
    2
    Nov 19, 2002
    There is a 5% difference either way on the current exchange rate, plus their fees that apply in some cases.
     
  6. .TakaM

    .TakaM .II

    Member
    2
    Oct 8, 2004
    New Zealand
    don't they make a ton off the interest they get while holding the money?
     
  7. adgloride

    adgloride Its A Wii Wario

    Member
    3
    Apr 2, 2003
    A paypal account is free. If you want to take credit card transactions though you need a business account. Paypal charge the seller so much for getting the money and if the moneys under £50 they charge you for transfering it to your bank account. Some people find paypal fees so expensive they don't use it. Ebay who own paypal make a fortune through the auctions then even more on the payment.
     
  8. misterion

    misterion Advanced Member

    Newcomer
    3
    Nov 22, 2005
    Belgium
    They take fees from you if you get money. But it is the fastest way to send money all over the world.
    I think its great.
     
  9. jalaneme

    jalaneme Female Gamer

    Member
    4
    Nov 27, 2006
    London
    i think pay pal sucks, and i can't even use pay pal anymore.
     
  10. iamwhoiam

    iamwhoiam Honorary R4 Fanboy

    Member
    3
    Dec 27, 2006
    Hull/Manchester, UK
    I hate paypal fees, and eBay fees... they're far far too high imo
     
  11. dice

    dice pansy-ass ex-staff member

    Former Staff
    4
    Oct 26, 2002
    England
    really? my bro sent me some money a while ago and I got everything.
     
  12. jalaneme

    jalaneme Female Gamer

    Member
    4
    Nov 27, 2006
    London
    i agree, thats why when i sold stuff on ebay i lost most of the money that i could make [​IMG]
     
  13. nintendofreak

    nintendofreak Around. Shoot me a PM.

    Member
    3
    Mar 27, 2006
    United States
    Cal Poly Pomona / (323)
    Same here [​IMG]
     
  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice