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06-21-2017
| | Junior Member | | Join Date: Mar 2017
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Activity: 1% Longevity: 40% | |  Paypal handles $7,000,000 every hour.
I just read (article in 9to5Mac) that Paypal handles $7 million every hour. Just thought it'd be an interesting number to share here... That is a LOT of money. What is the average fee they take on that you think? Is it 3%....?
Last edited by Elliot; 06-21-2017 at 01:13 PM.
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06-21-2017
|  | Senior Member | | Join Date: Apr 2011
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Activity: 0% Longevity: 75% | | Re: Paypal handles $7,000,000 every hour.
Quote:
Originally Posted by Elliot  I just read (article in 9to5Mac) that Paypal handles $7 million every hour. That is a LOT of money. What is the average fee they take on that? Is it 3%....? | 10%
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06-21-2017
|  | Banned | | Join Date: Mar 2015
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Activity: 0% Longevity: 52% | | Re: Paypal handles $7,000,000 every hour.
Yup, it's a cash cow that will get fatter and fatter.
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06-21-2017
|  | Executive [VIP] | | Join Date: Aug 2008
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Activity: 16% Longevity: 91% | | Re: Paypal handles $7,000,000 every hour.
Not surprised.
The company makes billions every year. Theyre dominant in the industry.
Wonder if the emergence of cryptocurrencies will have any impact on this in the future. I know that in my line of business Im taking a lot less paypal payments than I used to.
__________________ AGED SUPER HIGH LIMIT ACCOUNTS: 10,000/$1,000,000 and 25,000/$500,000 |
06-21-2017
| | Banned | | Join Date: Mar 2015
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Activity: 0% Longevity: 52% | | Re: Paypal handles $7,000,000 every hour.
Quote:
Originally Posted by slokor Not surprised.
The company makes billions every year. Theyre dominant in the industry.
Wonder if the emergence of cryptocurrencies will have any impact on this in the future. I know that in my line of business Im taking a lot less paypal payments than I used to. | I have no doubt that PP is investing on the sideline in cryptos. Cryptos are really the future. Imagine where there are no limitations, private, global, low fees there are just some cryptos offer.
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06-21-2017
| | Executive [VIP] | | Join Date: Dec 2010
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Activity: 0% Longevity: 77% | | Re: Paypal handles $7,000,000 every hour.
Quote:
Originally Posted by stevebills 10%
Sent from my Pixel XL using Tapatalk | Are you stupid or a special nut case, they dont get 10%. They get about 3%.
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06-21-2017
| | Senior Member | | Join Date: Apr 2011
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Activity: 0% Longevity: 75% | | Re: Paypal handles $7,000,000 every hour.
Quote:
Originally Posted by yotano211 Are you stupid or a special nut case, they dont get 10%. They get about 3%. | Yeah eBay is 10% plus listing fees and PayPal is 3.4% plus 20p
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06-21-2017
| | Senior Member | | Join Date: Aug 2012
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Activity: 0% Longevity: 67% | | Re: Paypal handles $7,000,000 every hour.
Quote:
Originally Posted by empirestate I have no doubt that PP is investing on the sideline in cryptos. Cryptos are really the future. Imagine where there are no limitations, private, global, low fees there are just some cryptos offer. | Agreed. Bitpay and PayPal already have some form of partnership going on.
Both seem very similar in many ways. I wont be surprised if there was a merge in a few years.
Last edited by Play; 06-21-2017 at 07:21 PM.
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06-22-2017
|  | Executive [VIP] | | Join Date: Jul 2010
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Activity: 0% Longevity: 79% | | Re: Paypal handles $7,000,000 every hour.
Agreed wouldn't be surprised if paypal buys bitpay or coinbase in the future
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06-22-2017
| | Banned | | Join Date: Mar 2015
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Activity: 0% Longevity: 52% | | Re: Paypal handles $7,000,000 every hour.
Quote:
Originally Posted by 123 Agreed wouldn't be surprised if paypal buys bitpay or coinbase in the future | OMG, don't say that, limitation comes to mind all over again....
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06-22-2017
|  | Executive [VIP] | | Join Date: Dec 2014
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Activity: 0% Longevity: 54% | | Re: Paypal handles $7,000,000 every hour.
Quote:
Originally Posted by 123 Agreed wouldn't be surprised if paypal buys bitpay or coinbase in the future | A Nightmare!
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06-22-2017
| | Executive [VIP] | | Join Date: Jul 2010
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Activity: 0% Longevity: 79% | | Re: Paypal handles $7,000,000 every hour.
Quote:
Originally Posted by empirestate OMG, don't say that, limitation comes to mind all over again.... | So true, it be a sad twist of fate if that does happen 
Hopefully doesn't!!
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06-22-2017
| | Executive [VIP] | | Join Date: Oct 2016
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Activity: 0% Longevity: 43% | | Re: Paypal handles $7,000,000 every hour.
What people need to understand that the PayPal limitations people are pissed about have really little to do with PayPal themselves. It's more about Visa/MC/AMEX/DISC agreements, in short CHARGEBACKS.
180 days represents the time window a dispute can occur with a credit card.
In a perfect world where chargebacks or disputes (the ability to chargeback funds) did not exist, they would be little need for a limitation. They are there so PayPal can protect themselves against potential fraud.
There is also this buyer "Money Back Guarantee" on eBay's marketplace so it's shoppers feel protected.
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06-22-2017
| | Executive [VIP] | | Join Date: Dec 2010
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Activity: 0% Longevity: 77% | | Re: Paypal handles $7,000,000 every hour.
Quote:
Originally Posted by stevebills Yeah eBay is 10% plus listing fees and PayPal is 3.4% plus 20p
Sent from my Pixel XL using Tapatalk | Since when did the OP say ebay, the OP only said paypal, and ebay and paypal are two different companies now. They split some time ago. So paypal still keeps around 3% of all transactions.
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