I have a paypal account and i'm pretty sure so do most of you people on this forum. I have recently recived a payment over paypal which was $200 USD and only way i could receive it after i already accepted it was to upgrade my account to either business or premier so i chose premier because it looked pretty much just like business and sounded cooler lol. Anyways then they subtracted $6.90 USD from the money transferred althought it was supposed to be a free transfer :S. When you come to think about it, paypal is a pretty neat scam. No one ever notices it except for people that actually look into it but paypal makes soo much money of the people that use it. I'm dissapointed that a company famous world wide even chanrges for transfers taht they say are free of chanrge and rip people off.

Hey,

Buddy it's a business. They've gotta make their money somewhere. Where do you think the money from their Free accounts comes from? Hate to break it, but that's business. And plus, a $6.90 @ $200 processing fee isn't bad, I charge more for clients that insist upon paying cash, opposed to with checks. (And I get free checking.. so it doesn't matter, it's all profit)

Panda

maybe you should have gotten a small amount of money each time so you ouldn't have to upgrade to business. and i don't think its that much money anyway, but since you have a busiess acount then they probbably think that your doing business, and they take money off.

All charge money. 2CO.com charges 5% flat + $0.45 for processing. Even merchant accounts charge money. The thing is, they have to charge this amount as processing charges because i believe they have to pay a part of this money to the CC company providing this service. Anyway, its how the world works. Nothing comes free

Just an additional note, thats a little over a 3% fee, I don't think that's too bad of a charge, and right everyone is, it's a business, their eye is on profit...(and customers too, a little )

PayPal is something that I can not stand. It is good for some people and for others things are just no good. And I am in Australia and don't have a credit card so I cant use Pay Pal. And with what I have just heard I dont think I will ever use them :|

well i hard this is the best place for money transfer and to buy things with. I know many ppl with these account and they say that its great and you dont get ripped off at all. But i guess taking a little bit from every transfer wont hurt as long is its not to much money. But if i was every needed something like that i would go with paypal just becuase they have a well known name out there.

I was the the naive person at first thinking it was free if i didn't upgraded. But they wanted me to upgrade and then add a credit card or checking account. SO my money is in there stuck with no way to get out. lol. But i'll get a credit card soon. hopefully and use the money. See at first i was all happy when i got money. but now i'm paypal is not hot anymore.

Au Contraire-

Paypal will be hot for a very long time, or at least until people stop buying stuff over the internet (i'd say, 50 +/- years). A variation, or the same company, will exist for quite a while. It's a convinient way to transfer money, and for companies to recieve credit transactions without registering and paying those evil monthly fees, to the credit acception companies.

I recently paid ComputingHost with PayPal, and I had to transfer slightly more than the $14.95 to cover the 3% charge- only a few cents on the dollar.

Just to re-iterate, it's business, and you can't have business without cash-flow.

Panda