Similar with that of the bank, PayPal is the online payment gateway that makes money off the “float” of the funds they manage. Or we can say, it is earning interest against the money that you have placed into their accounts, but has not spent yet. Let’s take an example, the gateway has roughly 50 million members and if each of the member left the amount of $10 in their account for a year, the principal in the starting of the year is $500 million dollars as principal. And if they will get an interest rate of 1.75 percent which is the minimum amount of interest, the organization would be earning around $8,750,000 every year!
Additionally, the gateway makes money by charging a transaction fees for Premier and Business accounts: There is no charges to send money, but when you receive any money, the organization takes a percentage of the amount (between 1.9% and 2.9%) plus a 30-cent USD transaction fee that is compulsory and needs to be paid by the user.
Along with this, you can refer to our PayPal customer support service to know about the information in detail. We are having a team of experts that will guide with all the essential information. We are one of the well-known PayPal technical support providers available online. To reach out services, you can call us directly on our toll free number mentioned on our web page or you can join a live chat with our service providers. Call us now and we will serve you with the best.