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Except the horror stories are appearing with Stripe now. Really, the only safe way to transfer money is with traditional banks. But they have higher transaction
by sacrosancty 4y ago
Except the horror stories are appearing with Stripe now. Really, the only safe way to transfer money is with traditional banks. But they have higher transaction fees and are slow, so maybe an occasional loss to Paypal is actually better than accumulated wire transfer fees in the long term.
- HoppyHaus 4y agoI can only hope that FedNow works as promised and maybe, just maybe, we may have something a bit better than our current situation
- telchior 4y agoPaypal vs wire fees is often the choice, unfortunately. I earn residuals from a company that only allows those two options. But when the money lands in Paypal, I immediately transfer it out, and I've considered going with wires just out of pure paranoia. Amazing that Paypal chugs along even with its hideous reputation.
- carlosjobim 4y agoBusinesses don't use Stripe or PayPal to transfer money, they use them to accept card payments. Bank transfers are much cheaper, but customers want to pay with their cards.