01-01-2004, 07:07 AM
YZilla,Jan 1 2004, 06:09 AM Wrote:Paypal charges fees for, IIRC, premium and buisiness accounts, which is a source of income for them.PayPal's main sources of income are eBay and other online auctions and premium accounts. PayPal offers a standard, business, and premium account. Standard is for when you transfer money to people (like donating cash to the Lounge *winkety* ) or purchase items from online stores that offer PayPal as a payment selection. Business accounts are for those online stores that want to offer PayPal as a way to pay, and charge about $0.25 (or is it 10%?) for every purchase made through PayPal. Premium accounts are paid accounts that come with a lot of goodies, including online auction trackers.
If you get a standard account, the chances of getting screwed over by PayPal are smaller, but still there. If you do get an account, DO NOT PUT MONEY INTO YOUR PAYPAL ACCOUNT. PayPal offers a "convenient" way to make fast transfers by a Patented System Whose Name I Am Forgetting Right At This Moment. Basically, the PSWNIAFRATM lets a user take money from his/her bank account and deposits those funds into this big "main account" thing. PayPal claims that the funds in the main account can be withdrawn and sent electronically back to the user's bank account, and the money is safe. Most PayPal fraud comes from this "main account" thing when PayPal vehemently denies that you have funds in the account, even when your bank account says you made a transfer. Am I getting confusing yet? :P
You're better off going to the post office and making out a money order. It's less than a buck if the MO's under $100.
UPDATE: Spamblaster.