How does PayPal justify charging fees for sending cryptocurrencies to friends and family?

3 answers

• Dec 17, 2021 · 3 years ago
  PayPal justifies charging fees for sending cryptocurrencies to friends and family by stating that it incurs costs in processing these transactions. Cryptocurrency transactions involve additional complexities and risks compared to traditional fiat currency transactions. PayPal invests in the necessary infrastructure, security measures, and compliance procedures to ensure the safety and integrity of these transactions. The fees charged help cover these costs and enable PayPal to continue offering cryptocurrency services to its users.
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• Dec 17, 2021 · 3 years ago
  PayPal charges fees for sending cryptocurrencies to friends and family because they provide a convenient and secure platform for users to send and receive cryptocurrencies. The fees are used to maintain and improve the platform's functionality, security, and user experience. PayPal's justification is that these fees are necessary to ensure the smooth operation of cryptocurrency transactions and to protect users from potential risks and fraud.
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• Dec 17, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can say that PayPal is not the only platform that charges fees for sending cryptocurrencies. Many other exchanges and platforms also charge fees for similar transactions. These fees are typically justified by the costs associated with processing and securing cryptocurrency transactions. It is important to understand that providing a reliable and secure platform for cryptocurrency transactions requires significant investment in technology, infrastructure, and compliance. Therefore, it is reasonable for PayPal to charge fees for their services.
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