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paypal becoming more and more of a rip off
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<p>[QUOTE="boxerchip, post: 722563, member: 19303"]To me ebay has always charged fees over the top but after they got a hold of paypal it seems to have become worse. Now they just started to impose holds on everything and require powersellers to keep a 15% (of all transactions over the last 6 months) ballance in their account. In my mind this is taking it a step wayyyy to far. The only reason that the fees made any sense to me is because of the assumed risk that pay pal took.... I sell an 08 buffalo, jimmy bob pays me and I never ship it and take the money out of the paypal account and run. That fee was to cover that risk! now paypal is holding the money till jimmy bob gets his coin soooo what is the risk for them? not to mention they are having a field day investing that money in the short term and making money off my money for a week or two before I get positive feedback and the money clears. This is a fraud and a scam and they can only get away with it because people are now so used to paypal they wont use anything else. Basically they have gone from a buyer and seller protection service to an escrow service.... yet most escrow services charge less than 1% and paypal charges over 3%!!!!! Anyone else feeling this way or am I alone on this?[/QUOTE]</p><p><br /></p>
[QUOTE="boxerchip, post: 722563, member: 19303"]To me ebay has always charged fees over the top but after they got a hold of paypal it seems to have become worse. Now they just started to impose holds on everything and require powersellers to keep a 15% (of all transactions over the last 6 months) ballance in their account. In my mind this is taking it a step wayyyy to far. The only reason that the fees made any sense to me is because of the assumed risk that pay pal took.... I sell an 08 buffalo, jimmy bob pays me and I never ship it and take the money out of the paypal account and run. That fee was to cover that risk! now paypal is holding the money till jimmy bob gets his coin soooo what is the risk for them? not to mention they are having a field day investing that money in the short term and making money off my money for a week or two before I get positive feedback and the money clears. This is a fraud and a scam and they can only get away with it because people are now so used to paypal they wont use anything else. Basically they have gone from a buyer and seller protection service to an escrow service.... yet most escrow services charge less than 1% and paypal charges over 3%!!!!! Anyone else feeling this way or am I alone on this?[/QUOTE]
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paypal becoming more and more of a rip off
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