Paypal charges a high 2.9% rate for customers who qualify for much lower rates.
Very few are aware of Paypal's sneaky tactics. Paypal publishes a fees chart, a percentage that it charges people to process payments, which varies based on monthly volume and supposedly the fee decreases with higher sales. But unless you go to this hidden page and opt-in to the lower fee, they hit you with their maximum percentage fee no matter what.
Why hide the lower fee page? Paypal is greedy! Why not convert their best customers to the lower fees automatically? Paypal chooses to be as sneaky and deceptive as possible. > Who cares about our best customers who are bringing the most revenue for our company?! Let's screw them over! THAT IS PAYPAL'S PHILOSOPHY.
Paypal is owned by Ebay. We all know Ebay has been continuously raising their fees to extract more profit for their quarterly Wall Street earnings reports. Scumbag companies like this should not be tolerated. Do what you can to avoid PayPal and Ebay.
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