Please Delete! Thanks for the help Guys!!
I don't look at it as a matter of "trust". I look at it as insurance, plain and simple. It isn't personal. Like @RustyRatRod said, even stand up members that have spotless sales records can have "life" happen to them. A lot of the members here are older, and unfortunately that means that medical emergencies and transportation issues can be a very real part of a sale regardless of the seller's good intentions.
Their conversion fees are also listed clearly on their fees page. If you use paypal as a seller, go here and review the different fees.
Credit Card Fees, Send Money Fees & Other Charges - PayPal US
All of their fees are listed there. It covers selling online, selling point of sale, selling to different countries, selling with different currency's, etc...
This is the stuff that they send in their user agreement emails. It does change, but it's all on the website. As a seller, it's your responsibility to be familiar with all of this stuff. The fees are not unlike fees that are charged to businesses by credit card companies, or by banks for currency conversions. While they may not spell out every possible fee you may incur in a personal email or phone call, everything is pretty clearly listed on the website. They don't have any hidden fees.
And for those still complaining about the percentage not being 2.9%, remember it's 2.9% plus $0.30 per transaction. For smaller transactions the "per transaction" fee will make bigger difference than for large ones, which may be why you think it's more than 2.9%. For example if you're talking about a $10 sale then the $0.30 transaction fee doubles the total fee from just the 2.9%, because it's $0.29 plus the $0.30. So you see the total fee for a $10 transaction at $0.59, which is almost 6%. But it's not 6%, it's 2.9% plus 30 cents. For a $100 transaction its $2.90 + 0.30, so $3.20. So now you see the total fee as 3.2% of the sale.
All it means is that you have to pay attention to exactly how the fees are charged. For smaller transactions the $0.30 makes a bigger percentage difference if you look at the total fee that way. For larger transactions it looks more like the 2.9% because the 30 cents for each transaction doesn't change much. It's your responsibility as a seller to know how that stuff works, it's all posted on the website and it's in the user agreement. If you don't pay attention to the terms of service, don't get mad at PayPal.
I don't look at it as a matter of "trust". I look at it as insurance, plain and simple. It isn't personal. Like @RustyRatRod said, even stand up members that have spotless sales records can have "life" happen to them. A lot of the members here are older, and unfortunately that means that medical emergencies and transportation issues can be a very real part of a sale regardless of the seller's good intentions.
Their conversion fees are also listed clearly on their fees page. If you use paypal as a seller, go here and review the different fees.
Credit Card Fees, Send Money Fees & Other Charges - PayPal US
All of their fees are listed there. It covers selling online, selling point of sale, selling to different countries, selling with different currency's, etc...
This is the stuff that they send in their user agreement emails. It does change, but it's all on the website. As a seller, it's your responsibility to be familiar with all of this stuff. The fees are not unlike fees that are charged to businesses by credit card companies, or by banks for currency conversions. While they may not spell out every possible fee you may incur in a personal email or phone call, everything is pretty clearly listed on the website. They don't have any hidden fees.
And for those still complaining about the percentage not being 2.9%, remember it's 2.9% plus $0.30 per transaction. For smaller transactions the "per transaction" fee will make bigger difference than for large ones, which may be why you think it's more than 2.9%. For example if you're talking about a $10 sale then the $0.30 transaction fee doubles the total fee from just the 2.9%, because it's $0.29 plus the $0.30. So you see the total fee for a $10 transaction at $0.59, which is almost 6%. But it's not 6%, it's 2.9% plus 30 cents. For a $100 transaction its $2.90 + 0.30, so $3.20. So now you see the total fee as 3.2% of the sale.
All it means is that you have to pay attention to exactly how the fees are charged. For smaller transactions the $0.30 makes a bigger percentage difference if you look at the total fee that way. For larger transactions it looks more like the 2.9% because the 30 cents for each transaction doesn't change much. It's your responsibility as a seller to know how that stuff works, it's all posted on the website and it's in the user agreement. If you don't pay attention to the terms of service, don't get mad at PayPal.
