Re: pay pal query


<businessman@xxxxxxxxxx> wrote in message
news:4ctmv2d0jsinbgmp8rn180bght1jp8vm4g@xxxxxxxxxx
On Sat, 17 Mar 2007 03:41:51 GMT, Bill <billrubin@xxxxxxxxxxx> wrote:

Rich Greenberg wrote:

I have never used my paypal account except to pay for ebay purchases
which were charged to my credit card. (I don't have a bank account
linked to paypal.)

Now someone wants to pay me for something (not ebay related) by paypal.
I assume paypal takes a chunk (5% ?) but how do I get the rest? Will
they credit it to my credit card or ?

First, if they are paying you from a cash balance, you will not
pay any fee to accept the money (you should stipulate that they
do this -- Paypal does not allow you to refuse the credit card
payment once it comes in). I think you pay something like 4.9%
to accept a credit card payment unless you have a premier
account (in which case it's 1.9%), and there is a limit of 5
lifetime credit card payments.

As for what to do with the money, you can also just keep the
money in your Paypal account (it pays 5%) and spend the money at
an online merchant. Many places take it instead of credit cards
these days.

Bill

I've noticed that many online companies accept Paypal. Aren't there
any other onlne payment companies? Why not? You'd think with all the

there are other online payment companies: bidpay, greenzap, stormpay,
others.


online businesses there would be other companies for that purpose.
Heck, even other online auctions, such as yahoo/auctions, have ads
that accept Paypal. I get a laugh out of that, because yahoo/auctions
as well as other online auctions, are direct competitors with Ebay,
yet they use Paypal which is owned by Ebay. There's something wrong
with that picture.



.

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