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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Wed, 11 Oct 2000 04:13:52 GMT
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Viewed:
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1474 times
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In lugnet.market.services, Larry Pieniazek writes:
<snip>
> Instituting that fee is fraught with peril as it may run afoul of the "cannot
> surcharge for CC transactions" rule that both Visa and MC have, it has to be
> carefully structured so that it is not in and of itself a credit card fee.
> 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.
<more snippage>
OK, I understand that when someone has a 'merchant account' (with the
corresponding merchant agreeement), but something about what you said here kept
bothering me. So I went back and read thru PayPal's TOS. I don't see anything in
there about not allowing a surcharge. Can anyone find it ? Has PayPal
outsmarted the CC clearing houses and the major banks, or did they just miss
this.
Ray
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