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Old 06-21-2017
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Default 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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Old 06-21-2017
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Default Re: Paypal handles $7,000,000 every hour.

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Originally Posted by Elliot View Post
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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Old 06-21-2017
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Default Re: Paypal handles $7,000,000 every hour.

Yup, it's a cash cow that will get fatter and fatter.
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Old 06-21-2017
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Default 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.
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Default Re: Paypal handles $7,000,000 every hour.

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Originally Posted by slokor View Post
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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Default Re: Paypal handles $7,000,000 every hour.

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Originally Posted by stevebills View Post
10%

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Are you stupid or a special nut case, they dont get 10%. They get about 3%.
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Old 06-21-2017
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Default Re: Paypal handles $7,000,000 every hour.

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Originally Posted by yotano211 View Post
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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Old 06-21-2017
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Default Re: Paypal handles $7,000,000 every hour.

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Originally Posted by empirestate View Post
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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Old 06-22-2017
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Default 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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Default Re: Paypal handles $7,000,000 every hour.

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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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Old 06-22-2017
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Default Re: Paypal handles $7,000,000 every hour.

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Agreed wouldn't be surprised if paypal buys bitpay or coinbase in the future
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Old 06-22-2017
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Default Re: Paypal handles $7,000,000 every hour.

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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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Old 06-22-2017
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Default 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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Default Re: Paypal handles $7,000,000 every hour.

Quote:
Originally Posted by stevebills View Post
Yeah eBay is 10% plus listing fees and PayPal is 3.4% plus 20p

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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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