3 ms·
Not really. PayPal I believe it's ~3% fees + spread + taxes. That's not free. I just sent some money to myself (not via Paypal) effective fee was 2,38% and I wi
by lobocinza 4y ago
Not really. PayPal I believe it's ~3% fees + spread + taxes. That's not free. I just sent some money to myself (not via Paypal) effective fee was 2,38% and I will have to wait 3 days. Crypto for a time was a good exchange medium, low fees, almost instant, no KYC, less bureaucracy. But I believe those days are counted because for good and bad it's now regulated and was reduced to speculative virtual assets.
- kragen 4y agoMaybe PayPal subsidizes some users to make it "free" in exchange for gaining control of their finances. They're notorious for stealing users' entire account balances and justifying it with unsubstantiated accusations of fraud, so gaining control of more users' finances is very profitable for them.
- lobocinza 4y agoWithout fees generally means a bad spread. In the end is the same, you don't pay a fee but will lose on the exchange rate.