Paypal is the 'paid' vendor of the charge on the creditcard. So they
have to pay the 3-4% whatever the Visa/MC/AE charges.
Jack Feldman wrote:
> First the suggestion.
>
> I always use my credit card to pay for goods though Paypal. That way, if the
> deal is sour I can protest the charge to my credit card company, and they
> accept my word. There is no security in using your checking account, at least
> not with my bank.
>
> If you look carefully there is a link to paying with other accounts, but it is
> hard to find, and they make you go though another screen before you can
> implement paying with the credit card. I also set up another checking account
> only for Paypal, and keep less than $50.00 in it. That way I satisfy the
> Paypal requirement that I have a linked checking account, and protect my main
> account.
>
> Now for the question. Why does Paypal want you to use the checking account
> instead of a charge card? I assume that it is somehow more profitable to use
> the electronic transfer. Perhaps there is no charge for the transfer while
> there is a charge from the credit card company.
>
> Jack
--
______ Paul T. Root
/ _ \
/ /|| \\
||\/ || _ |
|| || ||
\ ||__//
\______/
|