Paypal charges way too much fees

yangyang · 08-04-2007

10% of the payment is transferred into their own account. It's extortionate.

Only if there's a rivaling company as big as theirs to compete with them.

Jerlene · 08-05-2007

10%? Since when?

yonderg · 08-05-2007

I guess he ment PayPal charges you 10% for your amount you transfer. And would there be any rival company big enough as PayPal, it would have outwit PayPal.

profanitytalker · 08-19-2007

Sigh, since ebay controls paypal, I don't think their is a way to defeat these giants...

whooped · 08-19-2007

No, google tried, amazon is trying, e-gold tried. They all failed. Even ebay tried to beat paypal in its day with BillPoint but failed. That said, for most people, the fees are pretty reasonable unless you are in a small country.

chargebacks · 08-19-2007

The challenge is that any service has to start with 1 user and by the nature of the service, it's only as strong as it's member base, so for anyone to come out any point afterwards would have a challenge as so many already use paypal. Even Google tried to offer services for $0 and it still had a challenge but paypal and google checkout are two different beast.

gabriel · 10-30-2007

e-passporte has been highly successfull in case of adult money transfer.....all adult webmasters transfer thei bucks thru epassporte only...think paypal got defeated there

maverick_ymca · 01-14-2008

10% when?? I find paypal very comfortable to use. Even if they give 2-5% less exchange rates for any given currency, then they are providing you(atleast thriving to provide) with world class decent services

etovouz · 01-20-2008

I haven't been charged 10% for getting payment. They only charge a percentage of payment (about 5%) + 30 cents, when you get credit card payments, in case your account is free.
Usually you receive payments without being charged, unless it's funded with a credit card.

007wood · 02-02-2008

The charges can't be that high until 10%. I wonder why people still chooses Paypal, maybe because it is the safest?

007wood

08-04-2007	#1 (permalink)
yangyang Junior Member Join Date: Aug 2007 Posts: 16 Rep Power: 0	Paypal charges way too much fees 10% of the payment is transferred into their own account. It's extortionate. Only if there's a rivaling company as big as theirs to compete with them. __________________ Economics and Finance Guide

08-05-2007	#2 (permalink)
Jerlene Senior Member Join Date: Mar 2007 Posts: 1,175 Rep Power: 3	10%? Since when? __________________ 1 \| 2 \| 3 \| 4 \| 5 \| 6 \| 7

08-19-2007	#6 (permalink)
chargebacks Administrator Join Date: Feb 2007 Posts: 224 Rep Power: 10	The challenge is that any service has to start with 1 user and by the nature of the service, it's only as strong as it's member base, so for anyone to come out any point afterwards would have a challenge as so many already use paypal. Even Google tried to offer services for $0 and it still had a challenge but paypal and google checkout are two different beast. __________________ John Lark Chargeback Forum Senior Moderator http://www.chargebackforum.com/

02-02-2008	#10 (permalink)
007wood Junior Member Join Date: Feb 2008 Posts: 10 Rep Power: 0	The charges can't be that high until 10%. I wonder why people still chooses Paypal, maybe because it is the safest? 007wood __________________ -My Proxy- \| -My Site-

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08-05-2007	#3 (permalink)
yonderg Junior Member Join Date: Aug 2007 Posts: 15 Rep Power: 0	I guess he ment PayPal charges you 10% for your amount you transfer. And would there be any rival company big enough as PayPal, it would have outwit PayPal.

08-19-2007	#4 (permalink)
profanitytalker Junior Member Join Date: Aug 2007 Posts: 20 Rep Power: 0	Sigh, since ebay controls paypal, I don't think their is a way to defeat these giants...

08-19-2007	#5 (permalink)
whooped Junior Member Join Date: Aug 2007 Posts: 20 Rep Power: 0	No, google tried, amazon is trying, e-gold tried. They all failed. Even ebay tried to beat paypal in its day with BillPoint but failed. That said, for most people, the fees are pretty reasonable unless you are in a small country.

10-30-2007	#7 (permalink)
gabriel Junior Member Join Date: Oct 2007 Posts: 20 Rep Power: 0	e-passporte has been highly successfull in case of adult money transfer.....all adult webmasters transfer thei bucks thru epassporte only...think paypal got defeated there

01-14-2008	#8 (permalink)
maverick_ymca Member Join Date: Mar 2007 Posts: 35 Rep Power: 0	10% when?? I find paypal very comfortable to use. Even if they give 2-5% less exchange rates for any given currency, then they are providing you(atleast thriving to provide) with world class decent services

01-20-2008	#9 (permalink)
etovouz Junior Member Join Date: Jan 2008 Posts: 10 Rep Power: 0	I haven't been charged 10% for getting payment. They only charge a percentage of payment (about 5%) + 30 cents, when you get credit card payments, in case your account is free. Usually you receive payments without being charged, unless it's funded with a credit card.

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