Subject:
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Re: $7000+ PayPal Warning
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Newsgroups:
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lugnet.market.services
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Date:
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Wed, 4 Jun 2003 21:33:59 GMT
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Viewed:
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3243 times
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> If that's the case then why would VISA complain about credit card theft
> and say that's one of the reasons their interest rates are so high? More
> to the point, what is the 1.75??% fee for then? (And why is the PayPal
> fee 3% - even higher than the CC fee - for that matter.) If that's all
> just for "processing" and provides no protection from criminal use of CCs,
> doesn't that make accepting CCs rather risky - especially over the internet?
If you want to know who gets what on the fees check out this article
http://www.fortune.com/fortune/articles/0,15114,447339,00.html
Actually just look at the PDF flow chart. The PDF file (who gets what when you
use plastic) is located on the right hand side of the article under "Special
Package". Most of the fee are profit for issuing bank not as an insurance for
seller or buyer.
Jason
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Message is in Reply To:
 | | Re: $7000+ PayPal Warning
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| (...) If that's the case then why would VISA complain about credit card theft and say that's one of the reasons their interest rates are so high? More to the point, what is the 1.75??% fee for then? (And why is the PayPal fee 3% - even higher than (...) (21 years ago, 4-Jun-03, to lugnet.market.services)
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