Paypal
Upgrade to a Paypal Business or Premier Account and Lose Money!

Don't upgrade your Paypal account to a Business or Premier account! With a Personal account, you can accept payments from others for free as long as their payment is not funded by a credit card. If someone sends you a credit card payment, Paypal tries to get you to upgrade your account to receive the payment. That action is irreversible and you now have to pay fees on all transactions.

Paypal's fees for NON-credit card funding are the same as for credit cards! This is the single biggest rippoff on their site. We understand Paypal charging a fee when you fund your account with a credit card. After all, they are being charged by Visa/Mastercard, etc. And we understand there is a lot of fraud with credit card funding. However, most of the money sent within the Paypal system no longer comes from credit card funding. However, money spent from PayPal account to PayPal account is subject to the exact same fees credit card purchases are! This money has been in the system for years and is "clean." That is, there are no fees at all to Paypal, and there is almost no fraud at all with this money, but Paypal charges the SAME fees to transactions with NON-credit card funds! Thus every transaction makes PayPal money, but it's nothing more than an entry in a computer database on their system. No money has actually moved, and there are no costs to Paypal. They are just skimming the gravy.

Company: Paypal
Country: USA
State: California
City: San Jose
Address: 2211 N First St
Phone: 8882211161

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