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Old 02-23-2000, 12:46 PM   #1
Financial Schemer
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Question Paypal: Are there any hidden fees

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
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Old 02-23-2000, 02:05 PM   #2
havaloc
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Cool

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, 10:46 PM   #3
rodley
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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
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Old 02-24-2000, 05:39 AM   #4
gbrott
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Cool

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
tdave
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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
Czar

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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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