Tuesday, March 02, 2010

PayPal Money Processing

Wired magazine has an informative article on how PayPal has opened their payment processing to enable new forms of money transactions.

Some article highlights:
value of credit credit cards vs. house cards
fees of credit cards - MasterCard's highest fee is over 3%

Other ways to pay:
twitpay
zong
square
getgiving
hub culture

It appears fees may range from 3% down to .9%.

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