Originally Posted by
Michael Angelo
It doesn't seem like much to us, but if you think about it. It's 21 days of interest they are making on monies held, when you think of the millions of dollars that pass thru PayPal.Even at 1% interest that alot of free money made off our auctions.
^ +100
This what it's all about!!!!
Did you ever stop to think about how PayPal can manage to take money out of your bank account instantly (if you send money and have no funds in your PayPal account, it comes out of your bank account instantly), but if you want to transfer an existing PayPal balance to your bank account it takes 3 to 5 days to accomplish. Everything they are doing policy wise is geared to holding onto your money and earning as much interest as possible! It's like when the cable company raises rates $1 or $2 every year. Doesn't seem like much until you multiply it by all their customers. It becomes a huge number! Borderline taxation is what it is, except that it's only being paid by the people using their service and it's only being paid to one company rather than the country!