If you send money from your bank account it's still free. If you send with a credit card the person receiving the money will get the percentage and fee taken out. That's how credit card companies make money. Don't ask what it's like for a business to accept credit cards. I take a hit every time I run it through the machine. I would much rather accept cash only, but CC's are much more convient even though they become costly at times.
Paypal forcing everyone to pay for credit card transactions on 11/13/01
Paypal just informed me that after 11/13/01 ther will be no more free credit card transactions
I get a lot of people to paypal me because it is so easy(and free) to set up, when you keep below the amounts that require you to register.
I didn't read all the details but this is how I interpret it:
Now I am going to get charged 2.9% + $.30 to recieve a payment made by credit card. So it will cost me $3.20 to recieve $100. Thats more than using an ATM at another bank. This isn't too bad but I am inherently cheap and hate to pay for anything.
Sending Money will still be free.
Am I intrepreting this correctly?
Any other suggestions?
Below is link to paypal's fee page
Paypall fees
I get a lot of people to paypal me because it is so easy(and free) to set up, when you keep below the amounts that require you to register.
I didn't read all the details but this is how I interpret it:
Now I am going to get charged 2.9% + $.30 to recieve a payment made by credit card. So it will cost me $3.20 to recieve $100. Thats more than using an ATM at another bank. This isn't too bad but I am inherently cheap and hate to pay for anything.
Sending Money will still be free.
Am I intrepreting this correctly?
Any other suggestions?
Below is link to paypal's fee page
Paypall fees
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