Not all PayPal transactions have a fee. If it's a person-to-person
transaction from a "funded" account (you have already transferred
money from a checking account to the PayPal account). If you fund the
PayPal transaction from a debit or credit card, then there are
transaction fees: 2.9% plus 30¢.
I use the PayPal balance as a ham radio "cookie jar" to buy kits and
things like that.
73 de Ray
K2ULR/4
On Apr 24, 2010, at 8:42 PM, Rick - NJ0IP / DJ0IP wrote:
David, what I have heard as the worst complaint against PayPal is
the rate
they charge.
I pay 2.9%. I get my credit card services for less.
But, if you move money internationally, a Swift transfer costs you
at least
$30 to $40 and takes days.
I haven't found any way to execute one myself from my PC here in the
states.
In Europe I can send a Swift transfer by logging into my bank and
initiating
it.
PayPal is good until you start transferring large sums of money.
(and it sure is convenient and fast).
For large sums of money, PayPal costs too much.
Their exchange rates are bad as well when you work in multiple
currencies.
73
Rick
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