Paypal: Are there any hidden fees

[Financial Schemer]

Hi,
I am about to begin promoting Paypal and I have read all their info but I would like to know if there are any hidden fees or conditions. Such as a transfer fee, minimum balance required, bank deposit fee, etc.
Thank You

[havaloc]

No, there are not any fees. They make their money off "float", or in layman's terms, they earn interest when your money is sitting in your paypal account.

Still, with Visa/Mastercard costing 2%+ per transaction, I hope this financial model is sound.

[rodley]

Schemer,

There are no hidden fees as far as I can tell. I was speculating about what I had heard about a possible price of speeding up getting credit on the credit card.

I too have my doubts about the viability of the company's business but they are well backed (and they ARE an Internet company heh)

Im looking forward to the day when I never have to wait for a check to arrive......

rodley

[gbrott]

I have used paypal for a few transactions, and I think it is great. I would actually say they have one of the better business models - I've had about $50 in my account for a week or so and they've been making money off of my money. If the idea catches on (I know that is a big if)this will be huge.

[tdave]

That 2%+ per transaction fee just enough to make them rich..Thanks!

[Czar]

Oh, now I see. This is another thread that was dug up after nine years. I don't know what that trend is all about, but to avoid any confusion for those reading this now, please note that the thread was started about a decade ago, before PayPal was purchased by eBay and before it became a true powerhouse in online transaction processing. Partnering with PayPal seems to be a safe bet these days.