No More Paypal & Their Ridiculous Fees!

Google can take a hike. Anti gun, anti privacy, pro one world gov't. I avoid google as much as possible.
 
Last edited:
I hate to burst the proverbial bubble but, some folks might want to read a little closer:

It’s free to send money from your Google Wallet Balance or directly from your bank account. You can also pay with your credit and debit cards for a low fee of 2.9% per transaction (minimum $0.30). Receiving money is always free.
Click to expand...
Not free if you use your credit or debit card I'm afraid. I doubt Google would eat the potential fees out of the kindness of their hearts. They are a business after all, and they also need to make money. In addition, Google is also located in California (same as Paypal) so the same restrictions may apply at some point.
 
"It’s free to send money from your Google Wallet Balance or directly from your bank account. You can also pay with your credit and debit cards for a low fee of 2.9% per transaction (minimum $0.30). Receiving money is always free."


Sounds a little like PayPal in reverse. Free to get paid, not always free to pay.
Why on earth would a buyer choose Google over PayPal if that means they are the one to pay any fees instead of the seller?
 
I find PayPal too much of a pain. I am always very happy when sellers say they accept money orders, thats a ton easier.
 
Last edited:
From an international point of view, I buy and sell a lot from and to the US and other parts of the world, PayPal is a very usefull instrument. Using checks and MO aren't the standard all over the world!! For me drawing up a check (by my bank) and send it to who knows where is very inefficient, time consuming and even more expensive than using PayPal.

Marcel
 
SharpByCoop said:
ASSumption: Google checkout fees will be less than PP?

For every heartbreak about PP there are thousands of solid trouble-free transactions. I have no problem with the service or the fees.

Cost of doing good business: Saving time, secure transactions, client ease. Sounds like Google wants a piece of this action. I don't blame them.
Click to expand...

I'm with Coop.

Personally, no issues after years of using Paypal convenience.

And I'm all for Google jumping in for a piece of the action. Competition is always good for the consumer.

Seems folks aren't realizing that Google/Paypal are businesses. The small percentage (fees) we're talking are about the same for both, and about the same as most/all CC fees (~+/-3% . As businesses, they need to make a profit.

Being the *middleman* in $$$ transactions isn't done out of the goodness of their heart for us consumers. Why should they? What's in it for them is they didn't?
 
MDQBox said:
Thanks for the tip. +1

Since credit card companies can handle dispute resolution on transactions you made using their card, it would be a moot point as to whether or not Google Wallet handles disputes.
Click to expand...

My cousin works for one of the 3 major service providers (Visa, or mastercard, or american express not saying which).
We've already been disputed through credit card only twice in the 5-6 years we've done business, and won both of those times (one was a ridiculously petty amount but principle).

Disputing through your CC can be a hassle, and heavy expense. If the bank cannot resolve the issue themselves (they are generally fair but must play by rules. Generally speaking unless it's obvious fraud (different product, never received, obviously damaged) they may not do anything and may let the provider take over which incurs fees to the loser. Failure to pay those fees MAY lead to the provider black listing you, albeit my cousin has never seen that happen they usually just have their collections spam you every day for the rest of your life.
If the bank cannot resolve the matter, then it goes unto the provider, Visa MC or AE. They will have the party who loses the dispute pay a very heavy "fee", usually several hundreds of dollars.

Paypal however has a free dispute process that generally works. They fees are noticeable but to be honest the convenience has been worth it for years. Now however with the V. by VISA , and other providers like Google Wallet it's now facing serious competition.

FYI Google wallet has similar fees to Paypay, their costs are neglible.

I love how everyone cries about Paypal fees, and gifting fees now. Hey guess what? If you hadn't abused paypal for so long, this wouldn't happen.

@Comments towards paypal withdrawals. You can withdraw past $500/mo if you are a business, otherwise it's considered personal and that's a fair limitation.
 
"If you're good at something never do it for free."

It's awful petty to be mad at a company for charging money for a service, and for raising the price of that service when inflation is driving the cost of living up. :rolleyes:
 
I don't have a problem with the way that PayPal does business, they have to make money too! I will take money orders, and give a discount if you use one. So far exactly zero people have take the money order option. Don't forget.....most of the fees that you rail about are the result of the CC companies, not Paypal themselves!
 
For the moment Paypal is the king of person to person online transactions, but I certainly like the idea of others competing with them and that can certainly help keep fees in check. I've done a few thousand transactions using paypal and haven't had any major issues and have felt that the fees are acceptable for the convenience, efficiency and protection offered. It would take more than what Google wallet currently offers for me to walk away from Paypal.

On the surface having buyers pay transaction fees might sound great to a seller, but don't underestimate the draw that Paypal is to many buyers. Having buyer protection in addition to credit card company protection is big advantage Paypal has over Google Wallet. That and if you have two guys both selling the same thing for the same price and one's terms of sale are Paypal only with fees included and the others terms are Google Wallet only where the buyer sees the added fees, I think most buyers are going to be drawn to the paypal seller protection issues aside. I think most consumers are savvy enough to realize there is no free lunch and that they are paying transaction service fees whether hidden or not, but that doesn't mean they like to be reminded of it. I like the idea of offering Paypal and Google Wallet as payment options though.
 
You must log in or register to reply here.
Back
Top