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To: H James Morris who wrote (143738)	7/13/2002 4:40:36 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

"Sorry, I thought you just accepted credit cards." I believe we discussed this kind of but in the context of Nextcard a long time ago. Anyhow, PayPal is really a credit card processing company and has different discount rates for varying "quality" of the selling customer. This means the better deal is given to the seller with the higher amount of volume and higher ticket price. PayPal's lowest rate structure is pretty competitive with other more traditional credit card processing firms. The electronic check issue is a different story. It is really sad in my opinion eBay bought PayPal. PayPal offered excellent service and eBay payments, now fully owned by ebay, is really junk in my opinion. They are going to close ebay payments which use to be call Billpoint anyhow. It just seems that if eBay could screw up eBay Payments which was part owned by Wells Fargo when it was Billpoint, they surely can make a mess of PayPal. eBay bought the balance of Billpoint and it even got worse. Time will tell.