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Looks Like Paypal Is Going To Be Making Some Changes

cincyredlegscincyredlegs Posts: 2,032 ✭✭✭
in Trading Cards & Memorabilia Forum
Looks like they have the right intentions. Let's see if it does make it better.

Paypal Changes

Mark
Project:

T206 Set - 300/524

Comments

  • msassinmsassin Posts: 1,564 ✭✭✭
    Right intentions wouldn't be charging 2.9% to transfer money.
  • grote15grote15 Posts: 29,743 ✭✭✭✭✭


    << <i>Right intentions wouldn't be charging 2.9% to transfer money. >>



    I'm not a fan of paypal by any means, but what % do you think they should chrage? A basic credit card merchant
    account essentially charges the same % to process payments.


    Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
  • bkingbking Posts: 3,095 ✭✭


    << <i>Looks like they have the right intentions. Let's see if it does make it better.

    Paypal Changes

    Mark >>



    After I read a little more closely, I was drawn to the "out" phrase:“We need to get better about helping people, or explaining why actions are being taken.”

    IOW, they may not change squat.
    ----------------------
    Working on the following: 1970 Baseball PSA, 1970-1976 Raw, World Series Subsets PSA, 1969 Expansion Teams PSA, Fleer World Series Sets, Texas Rangers Topps Run 1972-1989
    ----------------------

    Successful deals to date: thedudeabides,gameusedhoop,golfcollector,tigerdean,treetop,bkritz, CapeMOGuy,WeekendHacker,jeff8877,backbidder,Salinas,milbroco,bbuckner22,VitoCo1972,ddfamf,gemint,K,fatty macs,waltersobchak,dboneesq
  • buymycardsbuymycards Posts: 125 ✭✭
    Remember when PayPal first came out? They didn't charge any fees. Everything was free and they made their money on the "float". When ebay took over Paypal the fees went up quickly. The difference between a credit card company and PayPal is the credit card company is using their money and PayPal is using your money.
  • msassinmsassin Posts: 1,564 ✭✭✭


    << <i>

    << <i>Right intentions wouldn't be charging 2.9% to transfer money. >>



    I'm not a fan of paypal by any means, but what % do you think they should chrage? A basic credit card merchant
    account essentially charges the same % to process payments. >>



    I know. However, a basic credit card merchant hasn't already hit you up for other (eBay seller) fees, or forced you into using PayPal (not accepting checks or money orders) like eBay does.

  • SouthsiderSouthsider Posts: 1,049 ✭✭✭
    I think eventually the government will require Paypal to adhere to the same rules that apply to banks when it comes to freezing your funds and otherwise deciding in its sole discretion when you may or may not have access to your funds. I think this is an effort by Paypal to avoid that, but I do not think it will be successful in the long term.
  • jfkheatjfkheat Posts: 2,745 ✭✭✭✭✭


    << <i>Remember when PayPal first came out? They didn't charge any fees. Everything was free and they made their money on the "float". When ebay took over Paypal the fees went up quickly. The difference between a credit card company and PayPal is the credit card company is using their money and PayPal is using your money. >>



    When I signed up with Paypal not only were there no fees but they gave $5 just for signing up. They started charging fees before Ebay bought them out. If I remember correctly, the fees have stayed about the same.
    James
  • blee1blee1 Posts: 713 ✭✭✭
    I miss Billpoint!
    Skips PSA Exchange
    Successful transactions with: yankeeno7, raiderguy10, Beck6, CDsNuts, DaveP01, Dboneesq, Elemenopeo, gameusedhoop, georgebailey2, Goldlabels, gstarling, justmichael, etc

    Working on.........
    Tony Dorsett Master Set
    1977 Topps Mexican FB (raw)
    1957 Topps FB Set (raw or graded)
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