A word of caution

JP · #1 04-07-2010, 10:39 PM

Call it fraudulent or a bending of the rules, but when you can transfer $1 million at a bank for a $30-45 wire fee, and paypal charges that same amount for a $1000-1500 transfer, then there should be a cap. The 3% fee I also don't mind paying when they are offering buyer or seller protection. But when a fellow board member and I have an agreement on a card, and we're not using their parent company eBay's services, and neither of us are offered any customer protectionir services other than the transfer of money, then I don't mind circumventing the system. eBay and Paypal have hiked up their fees, and as eBay sellers flee en masse, they continue to hike up fees to make up for it. Not good business.

Chicago206 · #2 04-07-2010, 10:45 PM

"....but when you can transfer $1 million at a bank for a $30-45 wire fee, and paypal charges that same amount for a $1000-1500 transfer, then there should be a cap."

Excellent point!

Jim VB · #3 04-08-2010, 07:37 AM

Quote:

Originally Posted by JP

Call it fraudulent or a bending of the rules, but when you can transfer $1 million at a bank for a $30-45 wire fee, and paypal charges that same amount for a $1000-1500 transfer, then there should be a cap. The 3% fee I also don't mind paying when they are offering buyer or seller protection. But when a fellow board member and I have an agreement on a card, and we're not using their parent company eBay's services, and neither of us are offered any customer protectionir services other than the transfer of money, then I don't mind circumventing the system. eBay and Paypal have hiked up their fees, and as eBay sellers flee en masse, they continue to hike up fees to make up for it. Not good business.

If you don't like Paypal's fees and rules, don't use them. Apparently, you do like something about them, or you would simply wire money instead. You must find Paypal more convenient, or else you'd do business elsewhere.

Instead, you claim they have high rates and that justifies you stealing from them. If you go to the grocery and their prices are too high, does that justify shoplifting? Using your logic, it does.

I am glad that you have finally admitted, that given a certain set of circumstances, you are willing to be dishonest. It takes a big man to admit he's a crook.

Once a crook, always a crook.

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