Saturday, January 03, 2009

 

Ebay Owned PayPal


For some reason , I'm getting questions about PayPal. Ok , here's what I know.

Ebay owns PayPal and today , Ebay is requiring " ALL " transactions to be paid thru PayPal. ( of course a seller can accept other types of payments if they want to ) The reasons for this is rather obvious. Ebay makes more money.

So , what is PayPal ? It's a money bearing account , consisting only of ca$h , that allows you to pay for items without using a credit card. ( keep in mind , PayPal is earning interest on your money while giving you nothing in return ) That's right. It's free money for PayPal/Ebay to make money , in interest terms , while giving the owners nothing in return.

Yes, it is true , PayPal allows you to get into their money market fund. I've been in it for 5 months now and I've only made a whopping .04 cents on my 100 dollar$. Hmmmm.

So now then , when you shop on Ebay and wonder why a seller only accepts PayPal , now you know that it's a Ebay money making trip at " YOUR " expense. And " NO " , just because you bought something using PayPal , it does not mean you are fully protected. From looking over the damning scamming information , it makes me think that PayPal and Navy Lodge Yokohama , have something going together , BUTT , that's another story for another day.

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