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Doesn't that mean they'll actually make a significant loss due to Paypal fees?
by Joeboy 13y ago
Doesn't that mean they'll actually make a significant loss due to Paypal fees?
- StavrosK 13y agoPayPal refunds fees when you issue a refund, so you lose nothing.
- eterm 13y agoThey refund fees to the client, not to the vendor iirc. This could cost indiegogo a lot.
- StavrosK 13y agoWhen you charge $10, PayPal charges a $0.34 fee (for example) and gives you the rest. When you refund, they give the client back your cut and they refund their fees as well. Refunds are basically as if a charge never happened.
- KamiCrit 13y agoMaybe this is all just a big ploy set up by Ubuntu and Paypal. Set up a $32M campaign, sure to fail, split the fees!