this post was submitted on 26 Oct 2024
106 points (95.7% liked)
Technology
58873 readers
5086 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.