PAYPAL catch

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

  1. jono_
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    jono_ GBAtemp Fan

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    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

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    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

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    When you receive money, they usually charge a fee. Sending money is free though.
     
  4. jono_
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    jono_ GBAtemp Fan

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    its all nothing too intense is it?
     
  5. legendofphil

    legendofphil Phil no Densetsu

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

    .TakaM .II

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    don't they make a ton off the interest they get while holding the money?
     
  7. adgloride

    adgloride Its A Wii Wario

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    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 Member

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    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

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    i think pay pal sucks, and i can't even use pay pal anymore.
     
  10. iamwhoiam

    iamwhoiam Honorary R4 Fanboy

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    I hate paypal fees, and eBay fees... they're far far too high imo
     
  11. dice

    dice pansy-ass ex-staff member

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    really? my bro sent me some money a while ago and I got everything.
     
  12. jalaneme

    jalaneme Female Gamer

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    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.

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    Same here [​IMG]