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Is the 3% fee to "cash out" earned on your end or PayPal? It just feels a little disengenuous to advertise a rate but the only way to receive payment is at a lo
by planetafro 6y ago
Is the 3% fee to "cash out" earned on your end or PayPal? It just feels a little disengenuous to advertise a rate but the only way to receive payment is at a loss of 3%. ...or is the model that the sharers are also customers and you encourage them to use the service while discouraging "cashout"?
- hansvm 6y agoIt's been awhile since I've done much with PayPal, but at one point a typical fee was $0.30 + 2.9%, so at a 3% fee they'd be taking a small hit in the processing fees for orders below $300 and turning a mild profit when people cash out for more than that. YMMV with their current fee structure. Agreed it's a little scummy to not factor your operating expenses into the price of the product, especially if that's not blatantly obvious from the outset.