Re: [Leica] Pay Pal payments

["Dan Post" <dpost@triad.rr.com>]

From what I read in their information on their site, they are hooked up with
Deutsche Bank, and the funds go both ways through their facilities, and
apparently, they make money on the 'float' or the interest they gain on
holding the money for a day or two.
It worked pretty well for me when I sold some stuff, and they even deposited
the funds directly into my account.
Dan
- ----- Original Message -----
From: Joe Codispoti <joecodi@thegrid.net>
To: <leica-users@mejac.palo-alto.ca.us>
Sent: Saturday, April 22, 2000 2:04 PM
Subject: Re: [Leica] Pay Pal payments


> If indeed it is free, it must be for the time being, until they become
> established - and indispensable . Then they will charge the solicitor of
the
> service a fee that would be equal to a typical credit card fee.
>
> Joe
>
>
>
> ----- Original Message -----
> From: "Kip Babington" <cbabing3@swbell.net>
> To: "Mailing List, Leica" <leica-users@mejac.palo-alto.ca.us>
> Sent: Saturday, April 22, 2000 1:38 PM
> Subject: [Leica] Pay Pal payments
>
>
> > As an occasional buyer and seller of Leica (OT) gear on ebay, I see the
> > logos for the Pay Pal service, that lets buyers use credit cards instead
> > of sending checks, etc.  It says it's a free service for both sides of
> > the deal, and I guess if they say so it is, but I'm old enough to know
> > that somebody (normally the merchant) pays real money to have credit
> > card transactions processed, and I'm wondering where this money comes
> > from with Pay Pal?  (I know the old line, we lose money on every sale
> > but make it up in volume, but I don't think the credit card charges ever
> > go to zero no matter how large the volume.)
> >
> > Anybody know anything about the economics of this service?  Anybody had
> > any experience with using it, as either a buyer or seller?
> >
> > Cheers,
> > Kip
> >
> >
>