What happens when you pay PayPal $15k in fees?

Re:What happens when you pay PayPal $15k in fees? by joenot443 on Thursday July 06, 2017 @06:03PM (#14714312)

>It's worth noting that our chargeback rate is well under 0.1%

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Re:What happens when you pay PayPal $15k in fees? by URSpider94 on Thursday July 06, 2017 @06:15PM (#14714381)

Thanks for highlighting. This does seem pretty aggressive.

This does stink, but they have options. If their revenue is as large as they state, they can likely go to a bank and get a line of credit with their receivables as collateral. If they were in a B2B business, they would likely be facing Net 45 terms from their customers anyway. http://www.comcapfactoring.com/blog/line-of-credit-secured-b...

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Re:What happens when you pay PayPal $15k in fees? by phil21 on Thursday July 06, 2017 @07:16PM (#14714747)

I'm curious if they need Paypal due to customer preference, or if they could simply accept credit cards directly. At that volume, implementing your own merchant account sounds like a much better idea than paying the absurd rates Paypal charges.

However, I'm fairly certain that they would have thought of this :) I'm assuming they need to accept Paypal due to customer demand.

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