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Why is Paypal terrible? (Honest question, I find it to be a great service. Am not US-based, if that matters.)
by seeekr 10y ago
Why is Paypal terrible? (Honest question, I find it to be a great service. Am not US-based, if that matters.)
- tf2manu994 10y agoFees, and its not that great for the recipient. Better for those sending. Being a bit hypocritical though, I use it myself.
- StavrosK 10y agoIts fees are just sheer theft. I just used it for collecting money from friends for a small paintball event I want to organize, and it kept 10%! Seriously, people sent 5 euros, and I got 4.48, for no reason I can see. Not to mention that currency conversion is a complete ripoff. I avoid PayPal like the plague.
- eropple 10y agoPaypal's fees are 2.9% + $0.30 USD, which is pretty standard among commercial-level (and you were using it commercially, otherwise they'd have sent it as a gift) processors that don't require a merchant account. Braintree is 2.9% + $0.30 USD; Stripe is also 2.9% + $0.30 USD if you're under $1m/year.
- StavrosK 10y agoI don't know anything about commercial stuff. All I know was that I wanted my friends to send me $5 so I could pay the paintball guy, and PayPal kept 10% of that.
- driverdan 10y agoThey are very anti-seller. They lock accounts on a whim and require extensive, unnecessary documentation to get your own money back. They recently settled a class-action suit because of this: https://www.accountholdsettlement.com/ https://www.accountholdsettlement.com/ They nearly always side with purchasers and reverse charges despite ample evidence supporting the seller.