So, how are service fees handled? I don't have an issue with a fee, my tax lady takes care of it if I pay it. I got behind paypal once I got a payment over 1k from a legitimate actual company, If they paid me wrong because they have a guy who knows how to skirt taxes, I don't want anything to do with it. Ill never clear 100k in paypal payments, so its not like Ill ever be a big guy, but I don't want to go to prison because I can take a 20k payment through paypal. I know on my side I'm always paying my taxes. I just always saw paypal as a 6- 200 dollar pay mechanism, beyond that I iaways assumed an invoice with a corporate check. corporate checks I always assume have some tax guy making sure whats what. I assume as long as I'm paying any applicable tax that I'm golden, I just like immediate cash flow with no paper checks or ACH fees.
On Sat, May 27, 2017 at 12:04 AM, Colin Stanners <[email protected]> wrote: > You're not a merchant or those are friends/family type no-fee > transactions. For business recipients they take a few %, that adds up > really quickly. > > https://www.quora.com/How-does-PayPal-make-money-1 > > On Fri, May 26, 2017 at 11:57 PM, Steve Jones <[email protected]> > wrote: > >> How does paypal make money outside paypal buyer credit? I remember way >> bac in the day, it was two things to take a payment or make a payment. I >> prefer to pay with paaypal, I actually will opt not to donate to certain >> causes (dick that I am, a big percentage of my income goes to donations, >> like don't tell the old lady how much of those random paypal expenses >> aren't to "buy gear for work") >> I never felt good about it cause in the day there were fees to the >> recipient. but recently Ive found a lot of my folks I do 1099 work actually >> prefer to pay me paypal. I dig the shit out of it, I get free transaction >> documentation (this is the sole reason I started taking those payments, it >> costs me anywhere I log a a payment) but I haven't got a transaction fee or >> anything, no balance percentage, nothing. I just dump 30-35 percent into my >> tax account on any payment depending on the gig. >> How do they stay in business since it appears outside buyer credit its >> fre, or am I just small enough they don't charge me? >> > >
