Quote:
Originally Posted by zymon_king
Paypal is not a professional banker. they are like a money exchangers, so their charges are reasonable for minimum amount, if you transfer you money from paypal to your account, it 'll get minimum 5 day's, in between these days they 'll get some interests. but in the minimum amount is not possible for interest amount...
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I feel they are much more than only money exchangers. Its something like a virtual bank or we can say an online bank
BTW its not only for the 5 days the earn intrest on, its almost every day they earn intrest on your money in your account there.
Just think, as an individual you ill have atleast minimum around $50 to $100 there. So there are thousands of individuals like you having an account there so finally think how much intrest they would make out of your balance there.
And speaking about the rates and transaction charges, its obvious they would always like to make up their running cost and some profit of that difference. Even banks charge for transaction made through a different bank or a different banks ATM. Only thing is that they charge a bit higher. But then afterall its we who want or preffer using them for our convinience
