WOW Paypal Fees - Did I miss something???

[askomsky]

Yes, we are talking about May cashouts. And if they took over 7 dollars from my 245. then you're looking at about 15. being deducted from your deposit.

yeah June's will post 7/31, these were all from May.

That stinks that their getting so much, bc I'm sure their making a lot this month off of people who didn't know any better. Bet if they compare their numbers a month from now it'll be a big difference.

[marcymajor]

i cashed out to paypal on 6/22 for a little over $400 so if they charge a fee it would probably be about $12. worked very hard to make this money and i don't think it is fair that paypal should charge us fees for using their service. is there any way you can possibly send us checks as a cashout option as i already have enough gc for amazon and there are just so many gift cards you can get?

[sunshinecindy]

i cashed out to paypal on 6/22 for a little over $400 so if they charge a fee it would probably be about $12. worked very hard to make this money and i don't think it is fair that paypal should charge us fees for using their service. is there any way you can possibly send us checks as a cashout option as i already have enough gc for amazon and there are just so many gift cards you can get?

Checks will never be an option. That would take so much of our time and be costly enough that by time we charged for our time, postage, the checks etc, you might as well pay the paypal fees.

[SunshineGirl]

There are a couple of problems with us doing checks...and it is the reason that most reward sites do not do them. We would have to completely change our banking because we do not currently have an account where we write checks (we do everything online). We would also then have to buy check software and have something built to integrate it with our system. That would mean having to pass those costs along to the members in some way (either assessing a fee for having a check sent or cutting back the percentages that we pay out or something). Then add to that the administrative nightmare of tracking which checks clear and which don't. Then if people say they didn't get them, they would want us to put a stop on them (which costs money) and reissue them.

I know it's unfair that Paypal all of a sudden did this. They really should have given some notice. I'll be curious to see what other sites are doing to compensate. Maybe they are going to absorb the fees but then pass them on somewhere else? I can't imagine any site just eating a 3% loss in revenue all of a sudden, especially given how bad revenue is across the board right now anyway.

[marcymajor]

Tricia and Cindy for answering my questions and i totally understand where you are both coming from. what about visa or mastercard gift cards as a payout option?

[3dog2kidmom]

Tricia and Cindy for answering my questions and i totally understand where you are both coming from. what about visa or mastercard gift cards as a payout option?

There are fees on those too.

We all work very hard for our money on here. You have to remember that it's FREE money, and you can't expect the people who send it to you to do so for free. Paypal is a business and they have to make their money somehow.

Why not cash in for Target or Walmart gift cards that you can use for things you need everyday?

[chipndale]

Why not cash in for Target or Walmart gift cards that you can use for things you need everyday?

I like your idea! I just cashed out with paypal because I am not planning a Disney trip any time soon So I thought that I would cash out and use the money for what the kids and I want to do this summer. Next time, I will cash out with gift cards to Target or Walmart. Then, I can pay myself the money and use it as I please. No more Paypal for me.

[askomsky]

I like your idea! I just cashed out with paypal because I am not planning a Disney trip any time soon So I thought that I would cash out and use the money for what the kids and I want to do this summer. Next time, I will cash out with gift cards to Target or Walmart. Then, I can pay myself the money and use it as I please. No more Paypal for me.

It is a good idea, and have been also cashing out for Target and Regal.
My problem is like Lisa my SR money was for vacation and even when we do go back to WDW we "may" (Still not sure yet) stay OP so I was hoping to use the cash for that. Like I said not a big deal just need to re-think what/how I'm going to do it.

I know Paypal needs to make money too, but they really should have emailed/warned everyone, they did NOT give notice, obviously or so many of us wouldn't have been blind-sided. I'm more upset with the fact that they didn't notify me first, then the business actually trying to make money.

[Kittykat]

I don't trust PayPal any further than I can throw them.

My question is this: when we're paid through SR is it considered a Personal Transaction or a Commercial Transaction? When I read the "definition" for both of them at PP neither of them really seem to fit cashing out at rewards sites.

Fees depend on whether you are making a commercial transaction or a personal transaction. A commercial transaction involves buying and selling goods or services, and payments received when you send a ?request money? using PayPal. A personal transaction involves sending money to and receiving money from friends and family without making a purchase.

We're not receiving money for goods are services, are we? Is our participation here considered a "service" that we're paid for?

[SunshineGirl]

I don't trust PayPal any further than I can throw them.

My question is this: when we're paid through SR is it considered a Personal Transaction or a Commercial Transaction? When I read the "definition" for both of them at PP neither of them really seem to fit cashing out at rewards sites.



We're not receiving money for goods are services, are we? Is our participation here considered a "service" that we're paid for?

I do think that they consider it a commercial transaction because it isn't friends or family. I think that is the crux of the problem.