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Re: PayPal information
Posted By: Howard, on host 209.86.36.162
Date: Tuesday, May 29, 2001, at 06:39:33
In Reply To: Re: PayPal information posted by Faux Pas on Monday, May 28, 2001, at 10:51:17:

> > As usual, when I need information, I turn to this forum.
> > I've been condidering using an on-line payment service in connection with eBay. PayPal says it's "always free" but then they say 2.2% + 30 cents. Does anybody understand that?
> > Howard
>
>
> It's free to you. However, if I send you ten dollars in one transaction, you really get ten dollars minus 11 cents, minus an additional 30 cents.
>
> -Faux "$" Pas

So the difference between "free" and "cheap" is kinda like the difference between "interest" and "yield." I remember one time, when I was on a committee to set up a credit union for the teachers in our system, we were discussing "surplus" and some one said it wasn't real money, it was just on paper. I asked why they put a dollar sign in front of it, and they all looked at me like I was stupid. I guess I'm still stupid, but to me, money is money, and free means no money. I think I'll stick with cash, check, or money order.
Howard