I remember the early days of Paypal and eBay in the early 00’s. We were always on the phone with them trying to get payments unblocked. We were doing serious volume and they couldn’t keep up. They charged so many fees at the time it was basically robbery. A solid portion of overhead was fees to both companies. And it was a complicated mess. $0.50 and then 0.5% on the first $25 and then 0.257% on $26+ or something weird. Like wtf? Leon math.
And chargebacks were insane. They had no real trust and safety for sellers. It was wild back then. Plenty of scams.
I remember the early days of Paypal and eBay in the early 00’s. We were always on the phone with them trying to get payments unblocked. We were doing serious volume and they couldn’t keep up. They charged so many fees at the time it was basically robbery. A solid portion of overhead was fees to both companies. And it was a complicated mess. $0.50 and then 0.5% on the first $25 and then 0.257% on $26+ or something weird. Like wtf? Leon math.
And chargebacks were insane. They had no real trust and safety for sellers. It was wild back then. Plenty of scams.