What PayPal doesn't want you to know 🤫

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Paypal doesn’t charge customers for their payments, instead they charge businesses for processing the money received from customers. However, this even the way they make most of their money. Paypal sells the customer’s data, such as spending history and your interests, to advertisers.

Let me know your thoughts in the comments!

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I am not a financial advisor, this video, the topics discussed, and the ideas presented are opinions and presented for entertainment purposes only. I urge everyone to do their own research before participating in anything that requires time/money. Proceed at your own risk. Always do your own due diligence. This description may contain links from my affiliates, sponsors, and partners. If you use these products, I will get compensated - but there's no additional cost to you.

[pratikmishra]

When you don't get charged for the product then you are the product

[bearmotorcycle]

Just like credit cards, the fee is built in for consumer convenience.

[xgzyzyx]

I mean, at this point pretty much everyone sells data to advertisers

[TheViewer]

They record what you bought and sell that information to businesses that are related to that type of product. Then they send you advertisements related to what you just bought. It’s not really a bad thing. It’s actually helpful. They are just trying to sell you something that you might be interested in at that time.

[typatheo]

Not only that but they invest your money while your not using it

[ELPCOTILLION-SD]

As Long As There's No Fees...That's Splendid...

[revenant]

It's just transaction data, then you get to see more things you're interested in instead of scrolling through things you don't even remotely want, and if you do wanna do that just have an account where you don't purchase anything and clear cookies regularly

[ShadowXXX]

Im fine with my info being sold as long as it means more money in my bank account

[Thoughtless-_-]

Tbh idc if they use my info, as long as I don’t have to pay shitty fees I am good

[motherhoodsbeauty]

It’s all about business. They gonna have to make money somehow. They do charge fees but only when you order something. You can keep your money in your PayPal account free

[CosmicThoughts]

They do charge fees bro 3% is a hell lotta money

[christiansanchez]

It’s called consumer advertising normal banks do this as well expect since it’s a physical bank and not a digital bank they charge you luxury fees.

[hasyidanparamananda]

No, their biggest revenue is holding money make the account can't withdraw with any reason they have.

[sohailrahman]

They charge me money even and I have a personal account 😭

[Fforthai]

Bro… I sent $5 dollars and got charged a $5 fee.. and ended up paying $10 dollars 💀 by the time I had realized it was too late.

[Orbiez]

this is one thing I hate about company they always make things cheap and not tell you about that they are selling your data

[casualboysirius]

Of course data is more valuable, haha i should have expected it.

[Levi]

There's a website (Forgot what its called) where they reach out to these companies on your behalf and tell them to stop selling your Data and the only reason they do it is because YOU gave them the right by ageeing to the terms and conditions without reading

[zakariahachlaf-ockp]

paypal can take your money tho without your consent it's the same for venmo and cash app

[xdani_thethinkingneko]

You do get charged fees on goods and service charges. It's 2%. Which most businesses make you pay more because of it. So you're still paying.