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- Sep 13, 2010
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The problem with PayPal is that they have pretty crappy exchange rates, and they do not update these very often, so they are not always very accurate. We actually prefer clients to pay directly with their credit card instead of PayPal. Compared to our normal credit card Gateway, PayPal charges us merchants a very large transaction fee too. I think PayPal has a great system and it's very convenient in many ways but the merchant fee hurts.
Very helpful guide. Ultimate would include PayPal's current exchange rates since that is the truer cost.
The problem with PayPal is that they have pretty crappy exchange rates, and they do not update these very often, so they are not always very accurate. We actually prefer clients to pay directly with their credit card instead of PayPal. Compared to our normal credit card Gateway, PayPal charges us merchants a very large transaction fee too. I think PayPal has a great system and it's very convenient in many ways but the merchant fee hurts.
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