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That's consistent with the article, which says that (a) a large part of PayPal's margin comes from convincing individual consumers, as opposed to businesses, t
by dmurray 2y ago
That's consistent with the article, which says that
(a) a large part of PayPal's margin comes from convincing individual consumers, as opposed to businesses, to keep money at PayPal
and (b) that while it's tempting to assume the benefit from this is to keep the interest rate spread, the bigger deal is getting to keep transaction fees when a user next sends that money via PayPal but one side of the transaction is open to paying credit card interchange fees for it.
- pixodaros 2y agoAs far as I can tell I pay 0% and $0.00 to transfer from Paypal to my bank account (they added an instant transfer with a 1.75% fee as a sucker option). I thought that paragraph was about "aha, if they pay from buyer's paypal wallet A to seller's paypal wallet B, we can deduct our 3% plus 30 cent fee, but just do the transaction as a database update which costs us nothing"?