Quote:
Originally Posted by JP
This is just not true...I paypal gifted $200 to Chicago206 yesterday for his Cycle 460 without incurring any fees. And my Paypal balance I keep at ZERO as often as I can. Then when I went to gift a much larger amount today from my CC they tried to charge $194 in fees. So there must be some rules in place that determine whether or not you pay a fee, and how much.
EDIT: I think that maybe Instant Transfers from a bank account are the free Paypal gifts, and once it is too high of a dollar amount, it kicks over to a credit card and charges a fee. Paypal's site is so vague about the specifics....probably to discourage fee-less end arounds. I only Paypal gift to those who I have done multiple deals with. Chicago206 bought from me several times on BST and eBay without issue, so I was not at all worried about gifting to him.
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JP,
Just curious, but do you try to come up with a scheme for everything you do in life?
I just ask because if you're trying to beat Paypal out of their standard fee, and that fee happens to come to $194, then you must have been moving roughly $6500. In the old days (pre-electronic banking) moving that amount of money took time, over a week in some cases, depending upon geography, and proximity to Federal Reserve Banks. Time, being equal to money, made that transfer expensive, in economic terms. Opportunity Costs were expensive. Then came credit cards and the purchase was quicker, but the merchant paid the credit card company a fee. Then comes Paypal. The transfer is instant. The merchant has his money in minutes. You, theoretically, get you item shipped faster. But again there is a fee that someone is supposed to pay. Sellers like to think that's a fee that buyers should pay. Buyers think it's a cost of doing business.
You have gone to great lengths to try to convince the board you're an honest, straight shooting, guy. Now you have several posts that suggest you'll make a strong effort to defraud a service company that provides a valuable service to you. Is there a conflict there?