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RE: Paypal
We all know that nothing is free, everything else costs something. Paypal
makes it's money on the interest earned on the funds invested from delaying
your receipt of the money. So if the delay is 5-7 days, Paypal invests the
money for that time and earns a return on those invested funds. Over time,
Paypal will develop a historical receipt and pay-out cycle and will enable
them to invest the funds for a longer period (and earn more interest) as
everybody does not withdraw their funds at the same time unless there is a
scare that can cause a stampede out the gates. Paypal has characteristics
of both a bank and a pass-through entity. The dividend Paypal pays you is
the service they provide, whereas a bank loans out your funds and pays you
cash interest dividends on deposits. I have a Paypal account and like it
but the Membership Committee is going to pass on using this service for the
time being.
-----Original Message-----
From: owner-killietalk at aka_org [mailto:owner-killietalk at aka_org]On
Behalf Of Chezsous at aol_com
Sent: Tuesday, June 27, 2000 11:28 AM
To: killietalk at aka_org
Subject: Re: Paypal
I have had a lot of sucess with paypal with both selling and buying.
The only problem is the amount of time for transfer into my checking from
when they get the money, it is about 7 days, and I know when I am buying my
credit/debit type master card is charged same day. But I guess that is why
it is free
Dave
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