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Old 02-23-2000, 01:46 PM   #1
Financial Schemer
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Question Paypal: Are there any hidden fees

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
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Old 02-23-2000, 03:05 PM   #2
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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.
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Old 02-23-2000, 11:46 PM   #3
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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......

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Old 02-24-2000, 06:39 AM   #4
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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.
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Old 05-01-2009, 12:17 PM   #5
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That 2%+ per transaction fee just enough to make them rich..Thanks!
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Old 06-11-2009, 08:42 PM   #6

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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.

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