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In lugnet.market.buy-sell-trade, Troy Cefaratti writes:
> I've had numerous minor irritations with Paypal, but not any chargeback
> situations or anything truely bad like some of the stuff described at the
> site.
>
> I was truely shocked that paypal was LOSING money though. I mean, where is
> it all going? With the fees they are charging they should be making it hand
> over fist.
Not me. Their margins are quite thin. Their revenue model is to make a
microscopic margin on the transaction charges, and also interest on the
balance that's held in everyone's account. Figure they charge roughly 3% on
the transaction, and have to pay back at least 2% of that.
-- Scott
>
> I find it amusing that they almost lost their ability to take mastercard
> because of the large amounts of chargebacks they had....
>
> Troy
>
>
> "Ross Crawford" <rcrawford@csi.com> wrote in message
> news:Go5q08.50D@lugnet.com...
> > Hi All,
> >
> > Just found this site which has some disturbing info & testimonials about • PayPal
> > - I don't use PayPal, 'cos their CC check can't verify my card, but I • thought
> > there's probably a few people here who do.
> >
> > http://www.paypalwarning.com/
> >
> > Regards
> >
> > ROSCO
> >
> > FUT: .market.b-s-t
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Message is in Reply To:
 | | Re: PayPal warnings
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| I've had numerous minor irritations with Paypal, but not any chargeback situations or anything truely bad like some of the stuff described at the site. I was truely shocked that paypal was LOSING money though. I mean, where is it all going? With the (...) (25 years ago, 11-Dec-01, to lugnet.market.buy-sell-trade)
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