Why paypal has so big fees?

[Red Yonko]

I have received several times a payment of 5 euros. They keep me 45 cents. Why so many??

 

[Deleted member 219055]

Because they are born rippers

 

[Sweely]

That's just their way of running business. And they were like the first payment processor that got big and somewhat mainstream AFAIK.

Maybe try to raise your prices or switch payment providers?

 

[SonOfBhw]

Paypal fee is worst especially if you want to send a small amount. It costs 2$ to send 2€. Ridiculous

 

[WebTG]

Because of lack of competition. Other options are not as widely used as paypal.

 

[SamLewis]

I've been looking a payment provider for small payments, shopify and amazon have similarly high prices, stripe is a little bit less.
I havent found anything yet that offers decent fees for high volume low value transactions.

 

[John4life2017]

Coz it's gaypal!

 

[proxygo]

I have received several times a payment of 5 euros.
They keep me 45 cents. Why so many??

because there a company and there greedy. wouldnt you do the same if
you owned paypal? its all about profit

 

[LilMosey]

They're greed AF.. i guess that's how they make most of the money...

 

[usman4864]

Every time when i received 14 Pounds PayPal deducted 1+pound.

 

[Aty]

Because they are greedy unfair creatures.

 

[Cynthia Stevens]

Because they dominators of the e money

 

[KocerRoxy]

Their fees are based on the country of the recipient.

For some people I pay 2-3 euro per transaction regardless of amount and for others I pay 30-40c

 

[achiever2011]

Because they are the leaders and they rule the payment industry.

 

[fay]

Paypal fee is huge for cross border payments.

 

[mindmaster]

There is a real reason for this.

The owner has this thing where he gets really hungry. He is hungry all the time.
And the company is making an effort to keep on feeding him 24/7.

Some say that one of the reason he is so hungry all the time is his loose asshole. Most food just goes through...

 

[davids355]

Because they can. Basically.

 

[Roger Marquez]

Because they can. Basically.

In fewer words? This!

They are the biggest online payment processor in the world and, therefore, that allows you to "get away" with overpricing your customers.

What is the best way to solve this?

Again, in fewer words? COMPETITION!

 

[bdman]

Because they are only one piece

 

[davids355]

I’m using stripe a lot more now. Not quite the same but their fees are slightly lower than PayPal.