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According to this PayPal becomes more economical somewhere between the $15 and $30 mark. However, I am not sure my comfort level with PayPal increases with larg
by jeffmould 16y ago
According to this PayPal becomes more economical somewhere between the $15 and $30 mark. However, I am not sure my comfort level with PayPal increases with larger transactions. If I am dealing with larger sums of money I want access to live customer service people and the regulations that banks have to follow. I do not want random email support, weeks of poor communication, a company that has a history of complaints when dealing with high dollar and high monthly volume transactions, and a company that acts like a bank but is not held accountable to banking regulations.
EDIT: For that added peace of mind I will pay the extra couple hundred a month.
- dangrossman 16y agoIf you have a PayPal Business Account (which doesn't cost anything), you get the business support phone number. It's answered on the first ring by a real person. I get payments daily from as little as $1.95 to as much as $3000, with volume in tens of thousands a month. I've never had my account frozen/limited/whatever or had any trouble getting in touch with support. PayPal is also registered in all 50 states as various types of money transfer agent, and in several countries operates as a registered bank. They're not perfect, but I don't find them worse than your typical bank, which has the same rules as PayPal for freezing accounts, holding funds after an account is closed, etc.