4 ms·
I'm no fan of PayPal, but I interpret this as a reflection of the state of the banking industry rather than scummy behavior on PayPal's part. Cards skim a ton
by eevee 13y ago
I'm no fan of PayPal, but I interpret this as a reflection of the state of the banking industry rather than scummy behavior on PayPal's part. Cards skim a ton off the top and are generally designed to gouge the merchant (i.e. PayPal) so customers remain blissfully unaware and keep using them; banks aren't making much effort to compete with direct transfers, probably because they get kickbacks from debit card use.
- abalone 13y agoThat argument would make sense if PayPal charged a lower fee for bank withdrawals. They don't. They "gouge" merchants just the same. It's literally a case of using UI to steer customers towards a method that's worse for customers and no better for merchants.