you also have to think there is a % of people who just let the money sit in paypal, and they go make money with your money just like a bank, even if it's overnight type of investment transactions.
Carlos Alcantar Race Communications / Race Team Member 1325 Howard Ave. #604, Burlingame, CA. 94010 Phone: +1 415 376 3314 / [email protected]<mailto:[email protected]> / http://www.race.com<http://www.race.com/> ________________________________ From: Af <[email protected]> on behalf of Colin Stanners <[email protected]> Sent: Friday, May 26, 2017 10:04:52 PM To: [email protected] Subject: Re: [AFMUG] ot: paypal payments 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]<mailto:[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?
