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elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
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| Posted: Tue Jan 25, 2011 12:42 pm Post subject: Could your PayPal fees go down? |
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There’s talk of the US Federal reserve including PayPal in legislation to cut the cost of debit card transactions. There are two issues at stake here, firstly what will the Fed reduce debit card fees too, and secondly are online payment systems to be included in the new rules?
Currently Visa and MasterCard charge interchange fees of between 1.5% and 2% for every debit card transaction – that averages to 35 cents to 50 cents per purchase. The proposals will cut fees with a maximum suggested cap of just 12 cents per purchase.
Interchange fee is the term used in the payment card industry to describe a fee that a merchant’s bank pays a customer’s bank for each purchase. PayPal accepts both credit and debit cards, and in the US charge 30 cents plus a percentage of the transaction.
If they were included in the legislation it would result in an enormous cut in PayPal’s profits of $971 million on sales of $26.9 billion in the fourth quarter of 2010. PayPal generate almost half of eBay’s total revenues.
more.. link to news article |
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Sidreb
Joined: 19 Mar 2008
Posts: 126
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| Posted: Tue Jan 25, 2011 4:56 pm Post subject: Re: Could your PayPal fees go down? |
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| Do you REALLY feel they will reduce the fees? Remember who owns them. |
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slythorne
Joined: 31 Dec 2008
Posts: 220
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| Posted: Wed Jan 26, 2011 4:02 am Post subject: |
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| Fees going DOWN?? ROFLMAO! That is the funniest thing I have heard all day!! eBay's business model is nickle and dime until it hurts, then nickle and dime some more. They are no Robin Hood and won't give anything back to us peasants! |
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Baconsdozen
Joined: 06 May 2008
Posts: 771
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| Posted: Wed Jan 26, 2011 6:05 am Post subject: Re: Could your PayPal fees go down? |
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| Chris Dawson,a laugh a minute. |
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elpereles
Joined: 15 Dec 2006
Posts: 1478
Location: Puerto Rico
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| Posted: Fri Jan 28, 2011 8:34 pm Post subject: Re: Could your PayPal fees go down? |
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| Does the writer of the article discover Paypal yesterday? :lol: |
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Major Paine
Joined: 31 May 2009
Posts: 33
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| Posted: Thu Mar 03, 2011 1:21 pm Post subject: |
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Why, sure, Doughnut and Scott plan to send rebate checks out to all PayPal members refunding seller fees in full as an apology for crawfishing on the PayPal promise of, "No fees...Ever."
Current management's propaganda pitch:
One evening as the sun went down,
And the jungle fire was burning.
Down the track came a eBay seller hikin
And he said, "Boys I'm not turning,
I'm headed for a land that's far away
Beside the crystal fountains.
So come with me, we'll go and see
The Big PayPal Candy Mountains."
In the Big PayPal Candy Mountains
There's a land that's fair and bright.
Where the handouts grow on bushes
And you sleep out every night.
Where the boxcars all are empty
And the sun shines every day
On the birds and the bees
And the cigarette trees
The lemonade springs
Where the blue bird sings
In the Big PayPal Candy Mountains.
In the Big PayPal Candy Mountains
All the CSRs speak fluent English
And the bill collectors all have rubber teeth
And the hens lay soft boiled eggs
The farmers' trees are full of fruit
And the barns are full of hay
Oh, I'm bound to go
Where there ain't no snow
Where the rain don't fall
The wind don't blow
In the Big PayPal Candy Mountains
In the Big PayPal Candy Mountains
You never change your socks
And the little streams of alcohol
Come trickling down the rocks
There ain't no short handled shovels
No axes, saws or picks
I'm a-goin' stay
Where you sleep all day
Where they hung the jerk
That invented disputes
In the Big PayPal Candy Mountains :lol: |
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