4 {{ upvoteCount | shortNum }}
4 {{ upvoteCount | shortNum }}

Home Depot fights 'abusive' credit card fees with PayPal system

by Joe Mobley
3 replies
  • OFF TOPIC
    • |
Home Depot fights 'abusive' credit card fees with PayPal system - Computerworld

Joe Mobley
  • Profile picture of the author thunderbird
    Originally Posted by Joe Mobley View Post

    Having been involved in merchant banking in the past, I saw firsthand how arbitrary the fees are and how they are in fact parasitical looting, abusively siphoning unearned profits from enterprises that are the result of hard work. It was despicable and being someone with a conscience (vs the thieving sociopaths who running the banks), I couldn't continue being part of it once I saw the true nature of the beast.
    Signature

    Project HERE.

    {{ DiscussionBoard.errors[6726605].message }}
  • Profile picture of the author KimW
    I was in Home Depot two days ago buying a buld for my room and I saw "Pay with Paypal Debit card" on the screen. I told the cashierI was surprised to see that and his responce was "So was I" .
    Signature

    Read A Post.
    Subscribe to a Newsletter
    KimWinfrey.Com

    {{ DiscussionBoard.errors[6727438].message }}
  • Profile picture of the author seasoned
    Well, I don't know about what home depot did, or which they use, but paypal is not just a "payment processor". It is a gateway too. They also take risks. So YEAH, they tack on profit. Credit card processing can be expensive on its own, and even the banks charge different rates.

    Steve
    {{ DiscussionBoard.errors[6727661].message }}

Trending Topics