Generally speaking, though, most merchants have seen, especially on the smaller end.... The larger enterprise merchants tend to negotiate a lot more heavily with Visa and MasterCard to get their rates down. We're probably a little less competitive on the enterprise level, but the small and medium-sized businesses typically see significant cost savings from PayPal versus typical merchant accounts at the transaction level. And then those additional infrastructure costs don't exist with PayPal as well.
On November 21st, 2011. See this statement in context.