Subject:
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Re: Upcoming factoring changes due to PayPal fee structure.
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Newsgroups:
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lugnet.market.services
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Date:
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Mon, 9 Oct 2000 06:50:08 GMT
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Viewed:
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1588 times
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In lugnet.market.services, Todd Lehman writes:
> In lugnet.market.services, Larry Pieniazek writes:
> > [...]
> > Probably an "administrative fee" or else a change in all other fees with a
> > discount for bank orginiated PayPal or something. Either that or raise ALL
> > fees so that I don't care about the haircut.
> > [...]
>
> Hmm...have you considered charging an overhead-covering fee of, say, the lower
> of 5% or $5.00? If I needed to send someone in Europe $75.00 and I could pay
> you $78.75 via PayPal to make that happen, then in the absense of direct
> P2P international transfers via PayPal, I would be more than happy to pay you
> $3.75 in factoring fees as it would mean that I wouldn't have to go to the
> bank or the post office or even worry much about currency conversion.
Charging a simple fee is tempting but based on my analysis not practical. I
still have to allocate the fee among myself and the factoree(s) involved and
in some cases the exchange rate haircut that one factoree or the other takes
exceeds the 5%. Worth mulling over though.
++Lar
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