Archived posting to the Leica Users Group, 2000/04/22
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Pay Pal works. The only problem the buyer has they do not have the same protection of complaining to Visa/Master Charge if there is a problem. Economics they clain they make the money on the float. Jerry Kip Babington wrote: > > 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