Mike John, Content Explorer, MCA, Los Angeles, California, USA
Answered Nov 28, 2018
Sending money around the world with current payment solutions is not by any means a cheap business. PayPal is the market leader for digital transactions. PayPal collects its revenue by charging a fee for every transaction, and that’s how it runs it’s business. PayPal will take money from your bank/card and transfer to the receiver, which is costly. Every card of the bank transaction costs PayPal real money.
PayPal is mainly a third party settlement system. They earn money through settlements. Mostly they help you transfer money directly from the payer’s bank account to the payee’s bank account. If you save the money in your account, there is no return for the money.
