At first glance that would normally appear to make sense.
But think one step deeper. They make 1% if they hold it for a year. They instantly make 2.9% every time it goes ANYWHERE.
Now if you were PP, do you want to sit on money listening to people constantly bitching, just to make 1%? When instead you can let it move around for almost 3x that amount every day over and over? You want 1% of my money once each year? Or 2.9% of my money each and every day? And then assume that if I'm working my stash nicely, tomorrows 2.9% is bigger than todays was? Then figure every time I move it, it's going to some other PP user who they can snag 2.9% off of. So far, every $100 I move, they made $5.80 right then right there. Tomorrow they make 5.80+ and the next day it is 5.80++ then 5.80+++ and so on. Instead of 1 dollar every 365 days.
Hm. In a year they make $1 or in a week they make $40.60+++++++ just on my $100 flowing. That's more than I get to keep! At the end of the year, by letting $100 of my money do its thang, they make $2111.20 - that's for each $100 that isn't stuck.
So, now tell me why PP is holding funds. And then you don't have to wonder why they are going broke with this 21 day hold puke-nonsense. If I was a shareholder, I'd burn the place down for the insurance money.
Maybe because there really *IS* a lot of risk from frauds and scams going down...
They would still be better off letting money MOVE. Somebody over there is high.
Last edited by Vicvelcro; 08-11-2009 at 01:02 AM.
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