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.
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...