I'm saying good-bye to Pay pal.
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Senior Member
Joined: Apr 2008
Posts: 6,703
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From: Indialantic Fl./blairsville Ga
I'm saying good-bye to Pay pal.
Here are the pay pal charges that I received ,,,I think I will drop pay pal. Look at the two for 72,50 and 72.20 does that make any sence?
I received they charged
$405.00 USD -$12.05 USD
$6.00 USD -$0.47 USD
$20.00 USD -$0.88 USD
$105.00 USD -$4.40 USD
$95.00 USD -$3.06 USD
$72.50 USD* -$2.40 USD
$72.20 USD -$3.12 USD
238.00 USD -$7.20 USD
This is over the last 6 months of charges say good to Pay Pal .. jim
I received they charged
$405.00 USD -$12.05 USD
$6.00 USD -$0.47 USD
$20.00 USD -$0.88 USD
$105.00 USD -$4.40 USD
$95.00 USD -$3.06 USD
$72.50 USD* -$2.40 USD
$72.20 USD -$3.12 USD
238.00 USD -$7.20 USD
This is over the last 6 months of charges say good to Pay Pal .. jim
Last edited by amx1397; Jan 6, 2009 at 01:59 PM.
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Joined: Mar 2008
Posts: 1,422
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From: IL
Re: I'm saying good-by to Pay pal.
Yeah they do get a chunk.
However it is by far the one of the easiest cash transaction methods.
I would guess the difference in fees is that one was a bank transfer and one was a charge card (charge card fees get passed on to the receiver)
However it is by far the one of the easiest cash transaction methods.
I would guess the difference in fees is that one was a bank transfer and one was a charge card (charge card fees get passed on to the receiver)
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Senior Member
Joined: Apr 2008
Posts: 6,703
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From: Indialantic Fl./blairsville Ga
Re: I'm saying good-by to Pay pal.
Originally Posted by 70GT6
Yeah they do get a chunk.
However it is by far the one of the easiest cash transaction methods.
I would guess the difference in fees is that one was a bank transfer and one was a charge card (charge card fees get passed on to the receiver)
However it is by far the one of the easiest cash transaction methods.
I would guess the difference in fees is that one was a bank transfer and one was a charge card (charge card fees get passed on to the receiver)
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From: Columbus, Ohio
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Re: I'm saying good-by to Pay pal.
i've had good success with paypal but hate that they are owned by ebay... i am a user of both and they're double dippin. 
Last edited by andrew; Jan 6, 2009 at 04:49 PM.
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Joined: Mar 2008
Posts: 8,500
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From: St Louis MO
Re: I'm saying good-bye to Pay pal.
It is less than American Express fees of 4%
Master card and Visa both discount payment to vendor and charge interest to card holder.
Pay pal at 3.5% is not out of line. Is it?
roadster with a stick
Master card and Visa both discount payment to vendor and charge interest to card holder.
Pay pal at 3.5% is not out of line. Is it?
roadster with a stick
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Senior Member
Joined: Apr 2008
Posts: 6,703
Likes: 435
From: Indialantic Fl./blairsville Ga
Re: I'm saying good-bye to Pay pal.
if it was a set % ,i could understand that but when it goes up and down like this
those charges above work out to ...
2.9%
7.8%
4.5%
4.2%
3.2%
3.3%
4.3%
3.0%
then I have to do something,,, just to let u know i am one of those that have NEVER paid interest on any thing ( except my house),, no ra rich person either, retired after 34 years working in Miami Dade water and sewer dept. I just never could understand why some would pay some one to spend their own money,,, every car i eve owned i paid cash for it or i could not have it. jim
those charges above work out to ...
2.9%
7.8%
4.5%
4.2%
3.2%
3.3%
4.3%
3.0%
then I have to do something,,, just to let u know i am one of those that have NEVER paid interest on any thing ( except my house),, no ra rich person either, retired after 34 years working in Miami Dade water and sewer dept. I just never could understand why some would pay some one to spend their own money,,, every car i eve owned i paid cash for it or i could not have it. jim
Senior Member
Joined: Jan 2007
Posts: 2,116
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From: Miami, Florida
Re: I'm saying good-bye to Pay pal.
Originally Posted by Franc Rauscher
It is less than American Express fees of 4%
Master card and Visa both discount payment to vendor and charge interest to card holder.
Pay pal at 3.5% is not out of line. Is it?
roadster with a stick
Master card and Visa both discount payment to vendor and charge interest to card holder.
Pay pal at 3.5% is not out of line. Is it?
roadster with a stick
Forum Regular
Joined: Nov 2008
Posts: 469
Likes: 0
From: Brenham, Texas
Re: I'm saying good-bye to Pay pal.
They do take a chunk, and since ebay bought them, now it really kinda bothers me. My ebay and PayPal fees are crazy after a full month of selling, but it is easy, quick and secure. So, what you gonna do.
Forum Regular
Joined: Feb 2007
Posts: 412
Likes: 0
From: Vandalia, OH
Re: I'm saying good-bye to Pay pal.
Originally Posted by amx1397
if it was a set % ,i could understand that but when it goes up and down like this
those charges above work out to ...
2.9%
7.8%
4.5%
4.2%
3.2%
3.3%
4.3%
3.0%
then I have to do something,,, just to let u know i am one of those that have NEVER paid interest on any thing ( except my house),, no ra rich person either, retired after 34 years working in Miami Dade water and sewer dept. I just never could understand why some would pay some one to spend their own money,,, every car i eve owned i paid cash for it or i could not have it. jim
those charges above work out to ...
2.9%
7.8%
4.5%
4.2%
3.2%
3.3%
4.3%
3.0%
then I have to do something,,, just to let u know i am one of those that have NEVER paid interest on any thing ( except my house),, no ra rich person either, retired after 34 years working in Miami Dade water and sewer dept. I just never could understand why some would pay some one to spend their own money,,, every car i eve owned i paid cash for it or i could not have it. jim
Forum Regular
Joined: Jun 2007
Posts: 369
Likes: 1
From: San Diego, CA
Re: I'm saying good-bye to Pay pal.
Like all banks they have a fixed component and a variable one. Your overall cost for the financing was around 3.35%, plus your monthly.
I don't know what the actual numbers are off the cuff, but let's say you found an acceptable alternative, like the Costco deal for taking credit cards, and you saved maybe $10 in a month vs the ease of using Paypal for e-Bay transactions. I don't know if the $10 would be worthwhile.
So, is PayPal "earning" their money. I don't know. I do know that most business people think that the "other" guy (usually their vendor), charges too much. Don't we all. Cha Ching!
I don't know what the actual numbers are off the cuff, but let's say you found an acceptable alternative, like the Costco deal for taking credit cards, and you saved maybe $10 in a month vs the ease of using Paypal for e-Bay transactions. I don't know if the $10 would be worthwhile.
So, is PayPal "earning" their money. I don't know. I do know that most business people think that the "other" guy (usually their vendor), charges too much. Don't we all. Cha Ching!
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