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Hosting Discussion > Operating a Web Hosting Business > Billing and Accounting > Paypal fees: Too high, or not that bad?
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  Post #31 (permalink)   07-16-2009, 10:14 AM
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This is the cost of doing business. If you want to offer credit card processing, you're going to have related expenses. For new entrepreneurs, PayPal is a viable solution.
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  Post #32 (permalink)   07-28-2009, 05:42 AM
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$0.30 per transaction (Paypal --> Paypal) is good. They shouldn't charge the extra 3.4% whatsoever. Paypal is no bank!
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  Post #33 (permalink)   07-28-2009, 09:05 AM
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Of course I wish the fees were lower, but there are a lot of costs associated with doing business online and this is one of them. On top of the actual service they provide, I honestly believe that every website with Paypal buttons is partially borrowing Paypal's credibility and reputation. Customers trust it. If asked whether I thought I would lose customers if I used an obscure merchant service instead, I'd say yes, absolutely.
 
 
 


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  Post #34 (permalink)   07-28-2009, 02:10 PM
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PayPal is definitely a great payment gateway for anyone doing business online. It's trusted, secure, and easy. Is PayPal a bank? This answer could vary, but no it's not. Although it's pretty darn close to being once considering how easy they have made it for you to earn a return on your money as well as access your money at ATMs, stores, etc. This is a cost of doing business and many people neglect to realize this. I lose hundreds, if not thousands in PayPal fees. Does it irritate me? Let's just say I wish I didn't have to absorb these fees, but it's business bros (and sis')!
 
 
 


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  Post #35 (permalink)   07-29-2009, 09:15 AM
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These fees generate to thousands if not millions of dollars in profit to paypal.
 
 
 


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  Post #36 (permalink)   07-31-2009, 10:59 AM
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I hate the fees as well, especially when we have promotions going and the prices are even lower but paypal still eats a nice chunk.
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  Post #37 (permalink)   07-31-2009, 02:51 PM
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It's in the millions, I am almost breaking 1K in fees in just 4 or 5 months.
 
 
 


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  Post #38 (permalink)   08-04-2009, 10:51 AM
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Can't be complaining with that NetLine!

I know you're not - good to see you doing well.
 
 
 


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  Post #39 (permalink)   08-04-2009, 03:53 PM
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Well, many of the users of Paypal think that the fee is quite high. No doubt, I also feel the same. However, on the other hand, I also think if you have to spend a little more to get good quality service which reduces the efforts required and saves time, you shouldn't mind it
 
 
 


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  Post #40 (permalink)   08-05-2009, 07:18 AM
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I agree. Actually there is no any good alternative to PayPal and you don't stop people those who want to pay via paypal so you should not worry paying little higher fees.
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  Post #41 (permalink)   08-05-2009, 07:22 AM
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PayPal fees are what they are. They make millions because they provide a service that millions trust. I certainly trust their services.
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  Post #42 (permalink)   08-09-2009, 10:14 AM
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It's a minimal fee to accept payments. They offer insurance on purchases etc as well.
 
 
 


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  Post #43 (permalink)   08-17-2009, 05:01 AM
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Paypal fees is very affordable in comparison to the services and support provided by them.
 
 
 


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  Post #44 (permalink)   08-17-2009, 10:51 AM
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PayPal does offer better rates when you meet monthly minimums but even still I find the rates a bit high. I'd also like to see better protections in place for sellers of intangible goods and services.
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  Post #45 (permalink)   08-18-2009, 10:06 PM
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I think it's not too bad. It's still affordable though still a bit annoying
 
 
 
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