Pending Paypal Fee Increase ???
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on 20-05-2013 08:12 PM
Chatting with a long time supplier in the US yesterday and he was telling me of a Discussion Board thread that leaked proposed Paypal transaction fee hikes.
Remember this was in the USA, so it may not be applicable in Australia, however both eBay and Paypal have a savage reputation for milking a dry udder, so there is every likelihood any fee rise would be a worldwide affair.
Apparently the topic was "shut down" within 15 minutes, but not before thousands of views.
Crux of the changes were 2.5% for eBay transactions up to $50, then 2.7% for transactions $51 to $100, then 3% for all transactions $101 and above. For non eBay transactions a flat fee of 3.5% will be charged regardless of dollar value.
GET THIS...the sweetener being Paypal were going to drop the current 40 cent fee that is presently charged in addition to the % fee for transactions.
I've done some Google searches looking for more info, however can't find too much specific apart from general we-hate-Paypal threads.
Anybody heard anything about these pending Paypal increases ?????