Why the transaction costs so high in paypal?

Discussion in 'PayPal' started by smalllee, Jul 26, 2009.

  1. #1
    I just use paypal to do my business, but I found that paypal got my $5.50 every $130, this is so high, and I am in china.

    Does anyone have this problem?
     
    Last edited: Jul 26, 2009
    smalllee, Jul 26, 2009 IP
  2. Moses8595

    Moses8595 Peon

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    #2
    Yes..Everyone is equal..TRANSTAAFL..;)
     
    Moses8595, Jul 26, 2009 IP
  3. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #3
    That is just because none other payment processor widely accepted in compare to paypal :rolleyes: Monopoly business. No choice left for us.

    DON.
     
    deluxdon, Jul 26, 2009 IP
  4. smalllee

    smalllee Peon

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    #4
    Thanks, you are right, but the fee of momeybookers is so low, why not use it?
     
    smalllee, Jul 26, 2009 IP
  5. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #5
    Again i repeat myself that paypal is most widely used payment processor (most members prefer that only) so no choice left for us :(

    DON.
     
    deluxdon, Jul 26, 2009 IP
  6. Moses8595

    Moses8595 Peon

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    #6
    Yup.As DON said,
    Moneybookers supports local payment methods only 30 more countries. :)
    You are from China...I think you can have both..
     
    Moses8595, Jul 26, 2009 IP
  7. smalllee

    smalllee Peon

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    #7
    Yes, I have both, but no one use pay to me through moneybookers.
     
    smalllee, Jul 26, 2009 IP
  8. Bohra

    Bohra Prominent Member

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    #8
    Paypal is a monpoly rite now so they are taking advantage of that and also they run from US where i think 5$ wont be much
     
    Bohra, Jul 26, 2009 IP
  9. Dhaval1983

    Dhaval1983 Peon

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    #9
    Paypal is most widely used processor but moneybookers is not so we have to bare the cost paypal take
     
    Dhaval1983, Jul 26, 2009 IP
  10. smalllee

    smalllee Peon

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    #10
    But you know, doing oversea's business, the profit margin is so low.
     
    smalllee, Jul 26, 2009 IP
  11. Bohra

    Bohra Prominent Member

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    #11
    Then use alternatives like alertpay, moneybookers..
     
    Bohra, Jul 26, 2009 IP
  12. smalllee

    smalllee Peon

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    #12
    I try to use them, but the customers are not choosing these, and my website provides these payment methods.
     
    smalllee, Jul 26, 2009 IP
  13. Bohra

    Bohra Prominent Member

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    #13
    Yes thats the reason paypal charges high fees they know people are using them and not the others... you cant help this but just hope some day big alternate comes up
     
    Bohra, Jul 26, 2009 IP
  14. smalllee

    smalllee Peon

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    #14
    Yes, I hope only....
     
    smalllee, Jul 26, 2009 IP
  15. Moses8595

    Moses8595 Peon

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    #15
    Because most of memers prefer use paypal...
     
    Moses8595, Jul 26, 2009 IP
  16. swedeman7

    swedeman7 Peon

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    #16
    Until we see a competitor with Paypal surface, we won't see a reduction in the processing percentage.
     
    swedeman7, Jul 27, 2009 IP
  17. dipal76

    dipal76 Well-Known Member

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    #17
    Paypal will charge just high commission for its good service.
    I use paypal and it is good for me.
     
    dipal76, Jul 27, 2009 IP
  18. David26

    David26 Well-Known Member

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    #18
    Yeah I wonder why it is so high too, I mean it isn't like no one is using their service? I can see if they had buildings nationwide and a million servers and staff or something. Most of their service is digital and shouldn't cost that much to run. I created a script that automatically organizes PayPal transactions, and I am amazed that I pay about $3,000 in PayPal fees alone per year.
     
    Last edited: Jul 27, 2009
    David26, Jul 27, 2009 IP
  19. blueid234

    blueid234 Banned

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    #19
    agree,,,i think paypal give too high fees!!






    but i dont have any choices, paypal is used by the most people in the internet
     
    blueid234, Jul 27, 2009 IP