Dr S wrote:
I can't understand why anyone has a problem with fees- they are providing a useful service and are running a business! Banks charge for cashing cheques, using cards, putting money in and out so what's the big problem. I always insist on Paypal when selling on eBay or here, and I'll stump up the fees. If I was to get a cheque, it's an hour out of my day and a 15 mile round trip in a car that does 10mpg to cash it- it's then a weeks wait before doing the same journey to post it out. Its a no brainer really.
Agree and disagree. If you are used to paying banking charges, i.e. for a business account then the paypoo fees seem ok. But on personal accounts there are no fees. I take your point on cheques, but you can post them to your bank.
Biggest problem with paypoo is that it is classed as a holding bank and therefore does not fall under FSA regulations, hence the reason i don't keep any funds with them.