An open question...

May 13, 2005 17:21

How does PayPal make their money? I know they have premium accounts for people who receive more than $500/month. Do they give us peons the service for free, knowing they will make it off the bigger users? Another thought...when I use PayPal and link it to my credit card, does PayPal have to pay the merchant fee of 2-5%? That has to cancel any ( Read more... )

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allah_sulu May 13 2005, 22:23:00 UTC
PayPal takes a fee from some types of transactions.

Whenever I sell anything on ebay, I charge a minimum of $5 for shipping - not because shipping costs that much, but to cancel out the small slice PayPal removes.

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