Free PayPal Money? Answer Questions!

Posted:
in General Discussion edited January 2014
I'm signing up, and if one of you out there with a PayPal account "refers" me, I understand you get some cash. So, if you answer my questions well, I'll put you in my "referred by" field on the sign up form! Be sure to tell me what to put in there.



Alright, I want to sign up for the basic Personal Account. I go to their site, and they say that you send and recieve money for free, but there is a fee of 2.9% + 30¢ for a "Standard" account and a $3.20 charge on a $100 payment. What are these fees for exactly? PayPal doesn't really have a good page on how they charge for accounts...



Thanks!
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Comments

  • Reply 1 of 30
    g4dudeg4dude Posts: 1,016member
    my account: [email protected] GIVE ME MONEY!!
  • Reply 2 of 30
    [quote]What are these fees for exactly?<hr></blockquote>

    Well, PayPal has to stay afloat somehow. Dot-coms aren't profitable by nature; they need at least small cashflow like this.
  • Reply 3 of 30
    murbotmurbot Posts: 5,262member
    Man, tell them that [email protected] referred you.



    I can provide you with all kinds of great eBay selling advice!!



    (assuming you are going to do some of this... PayPal is great for that)



    PLEASE!





  • Reply 4 of 30
    macaddictmacaddict Posts: 1,055member
    G4Dude: No answers, no money.



    StarfleetX: I've got what you're saying, but I'm wondering what exactly the 2.9% charge is on, i.e. is it a monthly rate of how much is in my account or what?
  • Reply 5 of 30
    macaddictmacaddict Posts: 1,055member
    Oh boy, I forgot all about you murbot...tell me your great vast knowledge of all things PayPal/eBay!



  • Reply 6 of 30
    murbotmurbot Posts: 5,262member
    All in due time my boy...



    How is the registration at PayPal going? Need that email address again?



  • Reply 7 of 30
    macaddictmacaddict Posts: 1,055member
    Dude, I need the information before I sign up...I'm not gonna sign up for a service without knowing the basis on which I'm charged.



    yeesh, everyone wants the money without the work, eh?
  • Reply 8 of 30
    g4dudeg4dude Posts: 1,016member
    Oh, answers. Fees are so PayPal can make money
  • Reply 9 of 30
    PayPal has been losing money on the consumer end of its business. Credit Card transaction fees have been biting it in the ass bigtime. So it's started to charge them to you. That's what you're paying for.
  • Reply 10 of 30
    nebrienebrie Posts: 483member
    Every time you give your cc to a retailer to charge something to it, they have to pay a percentage of it to the cc companies. It's not even close to free. Last time I checked, the dell accessory store is selling 4c screws (after a 1c instant rebate) with free shipping. You even get to split up the charge onto 2 credit cards! Good to know anytime you feel like "screwing" Stevie Dell.
  • Reply 11 of 30
    [quote]Originally posted by Nebrie:

    <strong>Every time you give your cc to a retailer to charge something to it, they have to pay a percentage of it to the cc companies. It's not even close to free. Last time I checked, the dell accessory store is selling 4c screws (after a 1c instant rebate) with free shipping. You even get to split up the charge onto 2 credit cards! Good to know anytime you feel like "screwing" Stevie Dell.</strong><hr></blockquote>



    I must be bored..



    Refurbished Hard drive screws? How can a screw be refurbished? 5 cents!!!!



    [ 02-19-2002: Message edited by: i am monkey ]</p>
  • Reply 12 of 30
    macaddictmacaddict Posts: 1,055member
    Thanks a lot DocGonzo.
  • Reply 13 of 30
    murbotmurbot Posts: 5,262member
    It's a 2.9% fee based on the amount of money transferred. A one time deal.



    If you're selling on eBay, just make it clear that the buyer can use PayPal if they wish, but they will either have to split this fee with you, or pay the whole fee - whatever you'd like to do.



    I just take it and eat the fee for inexpensive items, but if it's a computer, I get the buyer to pay. Some people feel it's worth it because they have their credit card's fraud protection to fall back on if they get screwed out of the product.



    I used that on my MasterCard this year when I got taken for $1200 US on an iBook. My crooked seller even made it to TechTV... heh heh... I'm going to write the prick in jail.



    (me and about 200 other people he took for a ride)
  • Reply 14 of 30
    macaddictmacaddict Posts: 1,055member
    I get it...and do you basically "deposit" money from your credit card into your PayPal account, or does PayPal just suck some money up from your credit card on a need-to-use basis?



    Thanks murbot.
  • Reply 15 of 30
    murbotmurbot Posts: 5,262member
    Yes, I do think you can put money into your PayPal account. I usually just do it with my credit card though, have any purchases I do through PayPal just go through the cc. It's billed that amount exactly.



    When someone pays me with PayPal, I log in and "withdraw" that money, by having them transfer it to my bank account, which is on file with them. Supposed to take up to 4 business days, but it's usually done in 2.
  • Reply 16 of 30
    macaddictmacaddict Posts: 1,055member
    murbot, check your PayPal account. There may be some extra cash in there.
  • Reply 17 of 30
    You can add my account: [email protected]
  • Reply 18 of 30
    murbotmurbot Posts: 5,262member
    :confused:



    Thanks man... but I'm not seeing anything.



    Maybe referrals take a while to make in.



    Thanks though! Much appreciated!



  • Reply 19 of 30
    macaddictmacaddict Posts: 1,055member
    I think I need to fill out some more forms before you actually get credited, but I'll probably get that done tonight...maybe not though, as I have a lot of studying to do for exams this week. <img src="graemlins/hmmm.gif" border="0" alt="[Hmmm]" />



    I'm trying to get this set up so I can sell my ASD 17" on Agora without the geeks turning up their noses at my lack of electronic payment 1337ness. Having no Heatware or Beerology references doesn't help.



    Anyone interested? Great condition...I'm looking for ~200 plus shipping. But I'm negotiable.
  • Reply 20 of 30
    macaddictmacaddict Posts: 1,055member
    murbot, I think you may be a few dollars richer now.







    Tomorrow I'm gonna put my Voodoo 2 card on ebay. Maybe it'll fetch me $20 or so.
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