Ahh, that i didnt know either, paypal probably holds alot of dough at any given time
On May 27, 2017 1:56 AM, "Carlos Alcantar" <[email protected]> wrote: > 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 <(415)%20376-3314> / [email protected] / 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]> > 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? >> > >
