I had to use paypal for the first time in a decade or so, and wow is it expensive.
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fiatshitiffication overdrive
Why do people put up with this?
The fee racket is a mess, they even charge you if someone sends you money unasked and then charges it back (can be up to a $20 fee)
On normal transactions, the fees can depend on the currency (if sending to someone in another currency), and then friends and family vs goods and services. I found this calculator online with all the different categories and their fees... painful...
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( PayPal Fee Calculator | Salecalc.com
A PayPal fee calculator to quickly and easily determine fees when sending or receiving money through PayPal. Supports domestic and international f...
Monero Fixes This 🫶
i can't use paypal, banned in my country.
Not that you asked, but For context, I think I've given up high hundreds, to (one) thousands to PayPal over the years fee-wise. For furry art, vtuber models, selling random shit. Not to mention *cough* paypal reports to the IRS *cough*
Just like the credit card monopoly, the fees only go UP, not down.
Meanwhile with XMR
>> From April 2019–April 2020:
~2.81 million transactions
~0.000392 XMR average fee per transaction
~1,101 XMR total fees
From April 2020–April 2021:
~5.87 million transactions
~0.000321 XMR average fee
~1,885 XMR total fees
From April 2021–April 2022:
~9.09 million transactions
~0.000166 XMR average fee
~1,511 XMR total fees
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in terms of pure fees, sure other coins can do things faster and cheaper, but muh tasty privacy:3
but also fuck usdt trx....
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Blog: This Year in Monero - 2021
A snapshot of statistics and social media posts to highlight Monero
It's the PayPal miners' fee! It's like paying protection money to the mafia!