[DeTomaso] Roland Jackel-from the PI board

John Buckman jb841 at cox.net
Mon Jun 21 15:16:42 EDT 2010


FWIW  PayPal does pay interest on your account, but you have to sign up for it.
The current rate is a whopping 0.13%, about what you would get at a bank or credit union
for the same balance.

A few years ago, they were paying 1.00 to 1.20% above most credit unions rates.

John


On Jun 21, 2010, at 10:39 AM, JDeRyke at aol.com wrote:

> In a message dated 6/21/10 8:48:51 AM, boyd411 at gmail.com writes:
> 
>> Pay pal would not let me pay my Paypal invoice by credit card. They 
>> insisted on a direct debit from my primary checking account. I don't know why 
>> they did this I have a premiere (or what ever it's called pay pal account ) 
>> and no complaints or black marks.
>> 
> Credit card comanies charge the receiver 1 or 2% fee for using their 
> "services", just like Paypal does (but Paypal's fee is higher) which cuts their 
> bottom line. Another way they make money on your account is by not paying you 
> interest on your own account's cash. Its all about blatently maximizing 
> money into E-Bay. I do not use paypal.   FWIW- J DeRyke
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