In Febuary 2008 Citibank estimated Paypal earns approximately $10M quarterly "floating" our monies. Other financial institutions estimate a little more & some a little less but all agree on one thing - floating is profitable! That's why eBay buries it in their quarterly's.
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Dinah's response to scot -
Apr 07 13:54 pm
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All Comments by Dinah Balk »Not Seeing a 'Better & Safer' eBay [View article]
In Febuary 2008 Citibank estimated Paypal earns approximately $10M quarterly "floating" our monies. Other financial institutions estimate a little more & some a little less but all agree on one thing - floating is profitable! That's why eBay buries it in their quarterly's.
Dinah