Deadlord36 wrote:You might be forgetting that Paypal makes interest on every penny of balances kept with them. That adds up to a crapload of cash, since they invest it. Considering they pay their support and investigative teams around $50 a year collectively, they are still making a killing.
Good for them! But what does this have to do with the price of tea in china?
Do you sell your products / services / time / etc. for less than the market will bear? Do you give people discounts because you make too much money?
Deadlord36 wrote:And if you want to look at it as a business, how many businesses charge you extra when you use a credit card instead of cash?
Very few, because in general that violates the rules of the various credit card associations. It generally costs a merchant much more to accept payment by credit card than by cheque or cash, but its very difficult to operate most retail businesses with a merchant account. It comes down to a simple business decision. Would you rather have 100% of $100 or 95% of $200?
Deadlord36 wrote:Are you forgetting that eBay OWNS Paypal? It should be a free service when you use it to pay a Paypal auction or fee.
Perhaps one of the major reasons that Ebay bought Paypal was to make more money? Sure its nice to control the whole process from listing through payment but the main reason isn't convienece, its profit.
Its always nice to say that other people/organizations should do more for free. I think Ebay sellers should provide free shipping. Afterall, they've made enough profit from the auction itself.
Deadlord36 wrote:They are just trying to make even more money.
Isn't making money the primary reason PayPal exists?
Deadlord36 wrote:I am all for capitalism, but monopolies are bullshyte.
Despite what I said above, I agree with you. Monopolies don't serve capitalism well. However, Paypal isn't a monopoly (yet). There are alternatives to PayPal, just none as convienent or as widely used. As PayPal's fees and rules become more onerous, the opportunities for its competitors increase. In the long run, the rules and fees will stablize at whatever the market will bear.
