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PayPal makes money in the same way credit card companies do. The seller pays a percentage (or at some times a fixed "fee" but usually a percentage) to PayPal based on how much money changes hands. It depends on the agreement. It would be interesting to know how much money changes hands "under the table" between, say, eBay and PayPal. It would also be interesting to know the relationship they have, and its history.
When you use a credit card or PayPal, you do so purchasing something. It costs you "X" dollars. The seller who accepts your credit card or PayPal payment does not get "X" dollars. That seller has an amount deducted from what the buyer gave for the goods or services. The seller who uses the credit card service or PayPal service pays for that service in that way. It's all electronic. An almost effortless "skimming" of the sellers' profits. A percent (even a small one) or two of millions of dollars per day adds up. And in the case of credit cards that don't have current balances near zero, the interest charges to the card holder make those of a loan shark pale. Oh, and those credit card charges are legal. (Other opinions my differ from this one.) As a buyer or seller, be smart. Protect yourself and make good choices.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoPayPal allows you to send and receive to your PayPal account. You are able to link your checking account or debit card to PayPal and use it as a method of payment for online purchases.
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Will PayPal work in Turkey?
Yes, Turkey is a "PayPal country".
What can be done if the Pay Pal IPN does not work properly?
The only thing that can be do if the PayPal IPN does not work properly was contacted the PayPal customer service and ask for their help regarding this.
Why can't you get into your PayPal account?
If your password doesn't work click on "forgot password" or at the bottom of the page "contact" paypal and ask them.
Why PayPal is not work in Georgia?
If PayPal will enter at Georgian market, Georgian banks would lose profits, so they are in opposition
How does a PayPal merchant account work?
Essentially, a PayPal merchant account goes between you bank account and the customer, giving you the chance to charge for merchandise. The money goes through PayPal, and you can draw out into your account
If you got a fake credit card number off of paypal manager will it work?
Yes, it will work
How does a PayPal virtual terminal work?
PayPal virtual terminals work by letting one send money to anyone with email. It is an affordable alternative to swipe machines and works for all major credit cards with no fees.
When are Paypal fees due to be paid?
It does not work that way for about 95% of the Paypal population. Fees are taken out automatically when you RECEIVE a payment. No fees for sending money and/or buying.
How does PayPal work if one wants to make a payment?
All one needs to make a payment using PayPal is a PayPal account with the funds, and the e-mail address of the recipient of the money. To receive the funds all the recipient needs is a PayPal account associated with the e-mail address that was used.
Does the 6 dollar investment with paypal scheme really work?
It's illegal
Is PayPal Australia owned by the same company as PayPal US?
Yes PayPal Australia is owned by the same company as PayPal US. PayPal was founded in California in 1998. In 2002 PayPal was bought by Ebay. PayPal is offered worldwide.
If you have an unverified PayPal account and get gift cards for PayPal can you use your PayPal?
yes you can
