Posted - 07/04/2019 : 16:06:35
I am with Vince in that Paypal has been great for us. With the cash back debit card (I am grandfathered in at 1.5%), our cash back every month greatly offsets our fees. Making it by far the best deal for processing for us. Not to mention funds are instantly available. I know Paypal has gotten around some banking regulations by not being classified as a bank, and I have heard horror stories about frozen funds, but I think in recent years, they have been forced to comply with some of the regulations. In any case, there is no way I would use anyone else to process funds for my company.
Steve is right on some levels, these companies get so big they are able to manipulate rules and regulations to suit themselves and block out competition.
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