amiro

QUICK! Does Paypal charge the person paying using their service? BTW, it works in Canada too.

Hawaiiannights

it doesn't charge anybody anything..... kinda of alot of registering stuff though

SMOKINA4TURBO

I think the businesses have to pay a fee

amiro

I was curious how they made their money. Personal accounts don't pay for receiving or sending?

amiro

You'll need a credit card to send payments though, and it's a bit of a PITA to set up. They charge your credit card 2 cents, and you have to confirm the names of the Vendors they used to charge your card.

Seems very doable though, I just went through it. Try it again.

amiro

PayPal charges a modest 2.6% + $0.30 International Currency fee on all transactions involving a credit card, which is far less expensive than wiring funds! An International Currency Fee applies on all funds entering or leaving the PayPal system from non-U.S. sources and is assessed at the time of the transaction. Please note that all fees are subject to change.

That's me.

For U.S. people, is there a different way to pay besides a credit card?

RKA

I believe if you receive more than $500 in a short time period, they no longer consider your account a personal account.

Just after I did the RS4 grill group buy they instituted the new policy for non-personal accounts: The sender pays no fee, however the recipient pays something like 2% to cover credit card company costs.

amiro

How does ~3% transaction fee compare to a wire/transfer? Do banks charge a flat fee?

amiro

I got it off their site FAQ's.

PS Remember those silly garbage bag commercials?

spider418

that is the business model sold to the investors.