Subject:
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SARCASM WARNING re: PayPal payments
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Newsgroups:
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lugnet.market.services
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Date:
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Fri, 3 Nov 2000 02:53:20 GMT
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Viewed:
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1997 times
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<GRIN>
OK, Frank, how much am I going to charge you for paying me for those big gears
</GRIN>
(which finally arrived, so I do need your address to send them to you)
Do you need the old-style studded wheels with metal axle for them?
I'll scare some up and throw those in for free, just for lunch's sake :-)
Paul Sinasohn
In lugnet.market.services, Frank Filz writes:
> Larry Pieniazek wrote:
> >
> > In lugnet.market.services, Paul Sinasohn writes:
> >
> > > Sorry, Mike...
> > >
> > > If you start insisting on eCheck or PayPal, you will forever lose my • business,
> > > not that I've bought much from you, but I object to what PayPal has done • with
> > > limiting a buyer's use of credit cards for payment.
>
> So you object to PayPal not giving you a free service? Welcome to the
> real world where everything has a cost. There ain't no free lunches. I'm
> not sure if PayPal has wrangled an agreement with the credit card
> companies or if they are eating the cost of personal account credit card
> use. I assume they have worked a deal with the credit card companies so
> they can retain part of the service charge (they do have to be able to
> make money afterall).
>
> > 1 - The CC companies, by imposing a "you can't charge extra for CC" are
> > using a very carefully crafted strategy, since what they are saying is that
> > it is an agreement between you and the CC accepting bank that you can't, not
> > a matter of legal tender law, and if you don't like it, go to a different
> > accepting bank or a different CC company (which there are none that don't
> > also charge, but tough noogies, feel free to start your own, sadly)
>
> And you'll probably never see a clearing house which doesn't charge
> fees. They have to be able to make money.
>
> I won't be surprised if down the road, merchants will have to pay the
> bank to deposit cash, thus levelling the playing field. Right now, banks
> don't charge to deposit cash because they make their money off the loans
> the write and leveraging your bank balance. At some point though,
> electronic payment will be so ubiquitous that they won't want to eat the
> cost of providing the security for the few buisinesses which still get
> significant cash to drop it off.
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