PAYPAL catch

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

Apr 10, 2007

PAYPAL catch by jono_ at 8:03 AM (1,105 Views / 0 Likes) 12 replies

  1. jono_
    OP

    Member jono_ GBAtemp Fan

    Joined:
    Jul 11, 2006
    Messages:
    334
    Country:
    Australia
    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

    Newcomer zedrac Advanced Member

    Joined:
    Jun 24, 2006
    Messages:
    54
    Country:
    Australia
    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

    Member Wuschmaster GBAtemp Advanced Fan

    Joined:
    Apr 15, 2006
    Messages:
    515
    Country:
    United States
    When you receive money, they usually charge a fee. Sending money is free though.
     
  4. jono_
    OP

    Member jono_ GBAtemp Fan

    Joined:
    Jul 11, 2006
    Messages:
    334
    Country:
    Australia
    its all nothing too intense is it?
     
  5. legendofphil

    Member legendofphil Phil no Densetsu

    Joined:
    Nov 19, 2002
    Messages:
    2,214
    Country:
    United Kingdom
    There is a 5% difference either way on the current exchange rate, plus their fees that apply in some cases.
     
  6. .TakaM

    Member .TakaM .II

    Joined:
    Oct 8, 2004
    Messages:
    3,525
    Country:
    New Zealand
    don't they make a ton off the interest they get while holding the money?
     
  7. adgloride

    Member adgloride Its A Wii Wario

    Joined:
    Apr 2, 2003
    Messages:
    2,261
    Country:
    United Kingdom
    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

    Newcomer misterion Member

    Joined:
    Nov 22, 2005
    Messages:
    31
    Country:
    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

    Member jalaneme Female Gamer

    Joined:
    Nov 27, 2006
    Messages:
    6,247
    Location:
    London
    Country:
    United Kingdom
    i think pay pal sucks, and i can't even use pay pal anymore.
     
  10. iamwhoiam

    Member iamwhoiam Honorary R4 Fanboy

    Joined:
    Dec 27, 2006
    Messages:
    1,201
    Location:
    Hull/Manchester, UK
    Country:
    United Kingdom
    I hate paypal fees, and eBay fees... they're far far too high imo
     
  11. dice

    Former Staff dice pansy-ass ex-staff member

    Joined:
    Oct 26, 2002
    Messages:
    9,542
    Location:
    England
    Country:
    United Kingdom
    really? my bro sent me some money a while ago and I got everything.
     
  12. jalaneme

    Member jalaneme Female Gamer

    Joined:
    Nov 27, 2006
    Messages:
    6,247
    Location:
    London
    Country:
    United Kingdom
    i agree, thats why when i sold stuff on ebay i lost most of the money that i could make [​IMG]
     
  13. nintendofreak

    Member nintendofreak Around. Shoot me a PM.

    Joined:
    Mar 27, 2006
    Messages:
    1,333
    Location:
    Cal Poly Pomona / (323)
    Country:
    United States
    Same here [​IMG]
     

Share This Page