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Well they gotta make money somehow. Credit card companies ding merchants account fees and a percentage of each transaction. Then they charge the consumer outrageous interest rates and late fees.
The 30 cents is big bite out of a $1.50 transaction.
Last edited by Not a Number; 01-14-2011 at 07:53 PM.
Grand Hotel... always the same. People come, people go. Nothing ever happens.
Both of your points are completely correct. I still think paypal should use only a percentage charge, however, for the reason you mentioned. I do believe, with their thousands of transactions daily, that they can afford to keep fees low.
Lets just say "Cheers!" for the personal transfer option! Thanks for bringing that to the public's attention![]()
SDCPs's Grow List, Helpful Links, and Trading Post with Pictures See what I have and what I'm looking for!