A PayPal Proposition (PayPal Gifts)

trademhigh · Jun 28, 2010

Here is what I think they should do. Please note that my numbers are not set in stone (I really have no idea what they should be at precisely):
Obviously, they realize that gifts have been cutting into their bottom line. To stop the bleeding, I think that they should implement a rule. They should allow the gift function to stay (or call it something else), but change it completely. Users are permitted to send 10 (or any amount really, but probably between 5-10) fee-free payments per month that do not exceed the amount of $500 (or any amount). These payments will, however, be covered by PayPal's protection plan.

What do you guys think? I think that this will make users a lot happier, and I think that people will stop bitching about their fees (which they probably don't care about, but it will help them greatly in the event that google or another company attempts to make a big play in the online instant payment market). Also, please consider the fact that I just thought about this as I typed.

miguelcabrera · Jun 28, 2010

wont happen

trademhigh · Jun 28, 2010

miguelcabrera said:
wont happen

I'm not saying it will happen; it probably won't. It is more of a hypothetical plan. Maybe I'm wrong about how much leeway they have, but I don't think that will hurt them too bad. That should help with the gift problem.
Although, maybe they will keep those payments unprotected at the users risk. That could be a better idea.

JVC · Jun 28, 2010

Why would they do this? Gift payments are not under their protection plan for a reason: they're supposed to be GIFTS. When you're giving someone a gift, you shouldn't need the option to file a chargeback. Paypal couldn't care less about the fact that people use the gift option to make purchases. There's no reason for them to give away fee-less transactions to every user on a monthly basis.

Lancemountain · Jun 28, 2010

Seriously.

I picture paypal inventing the "gift" function for things like parents sending kids in college money, paying fantasy league dues, paying for softball league uniforms, ect.......you know mundane tasks that would make it easy to transfer money, thus making people to create accounts and then perhaps in the future using it more in situations where paypal would actually create revenue.

Why in the world would they let you transfer $500 a month?

muchuckwagon · Jun 28, 2010

That is just a flat-out bonehead idea....do you realize that companies exist to turn a profit?

If you want to give away your product or service you do so to reward your loyal customers. Subway doesn't give you the first five subs of the month free. However, if you buy enough subs you will eventually be rewarded with a free one.

Perhaps a much better idea for Paypal is to provide discounts to high volume customers.

trademhigh said:
Here is what I think they should do. Please note that my numbers are not set in stone (I really have no idea what they should be at precisely):
Obviously, they realize that gifts have been cutting into their bottom line. To stop the bleeding, I think that they should implement a rule. They should allow the gift function to stay (or call it something else), but change it completely. Users are permitted to send 10 (or any amount really, but probably between 5-10) fee-free payments per month that do not exceed the amount of $500 (or any amount). These payments will, however, be covered by PayPal's protection plan.

What do you guys think? I think that this will make users a lot happier, and I think that people will stop bitching about their fees (which they probably don't care about, but it will help them greatly in the event that google or another company attempts to make a big play in the online instant payment market). Also, please consider the fact that I just thought about this as I typed.

JVC · Jun 28, 2010

Which they do. Here's the chart for discounts off the fee rate:

$0.00 USD - $3,000.00 USD 2.9% + $0.30 USD
$3,000.01 USD - $10,000.00 USD 2.5% + $0.30 USD
$10,000.01 USD - $100,000.00 USD 2.2% + $0.30 USD
> $100,000.00 USD 1.9% + $0.30 USD

(numbers are in total monthly payments received)

muchuckwagon said:
That is just a flat-out bonehead idea....do you realize that companies exist to turn a profit?

If you want to give away your product or service you do so to reward your loyal customers. Subway doesn't give you the first five subs of the month free. However, if you buy enough subs you will eventually be rewarded with a free one.

Perhaps a much better idea for Paypal is to provide discounts to high volume customers.

trademhigh said:

Here is what I think they should do. Please note that my numbers are not set in stone (I really have no idea what they should be at precisely):
Obviously, they realize that gifts have been cutting into their bottom line. To stop the bleeding, I think that they should implement a rule. They should allow the gift function to stay (or call it something else), but change it completely. Users are permitted to send 10 (or any amount really, but probably between 5-10) fee-free payments per month that do not exceed the amount of $500 (or any amount). These payments will, however, be covered by PayPal's protection plan.

What do you guys think? I think that this will make users a lot happier, and I think that people will stop bitching about their fees (which they probably don't care about, but it will help them greatly in the event that google or another company attempts to make a big play in the online instant payment market). Also, please consider the fact that I just thought about this as I typed.

Click to expand...

Welcome to our community

Be apart of something great, join today!

A PayPal Proposition (PayPal Gifts)

trademhigh

Active member

miguelcabrera

New member

trademhigh

Active member

JVC

New member

Lancemountain

Active member

muchuckwagon

New member

JVC

New member

Similar threads

Members online

Latest posts