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Paypal raising rates
segoja
Posts: 6,126 ✭✭✭✭
Going to 2.9% + $.30/transaction. For me that's a 30% increase.
this is for all merchants and no volume discount applies
Guess I'll be shopping around, unfortunately with E-Bay sales, it's another hit. I'm sure E-Bay won't be far behind.
this is for all merchants and no volume discount applies
Guess I'll be shopping around, unfortunately with E-Bay sales, it's another hit. I'm sure E-Bay won't be far behind.
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The credit card machine cost more with fees.
Smart technology and mobility dictates .
Take it on the road. There are other available options, but not many cheaper.
It ( PayPow ™ ) is global
Just saying. We have to go with the flow.
It's never cheap letting others handle our money.
A bank on the go has fees just like the brick 'n' mortar banks.
<< <i>Going to 2.9% + $.30/transaction. For me that's a 30% increase.
this is for all merchants and no volume discount applies
Guess I'll be shopping around, unfortunately with E-Bay sales, it's another hit. I'm sure E-Bay won't be far behind. >>
This is what I have been paying since at least 2008.
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What are you currently paying?
The name is LEE!
As sold if paying by bank wire or cashiers check.
+3% if paying by PayPal
+?% if paying by Credit Card.
The name is LEE!
It's been 2.9% for me for a long time.
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore...
-Paul
<< <i>Paypal offers a fantastic service for their rates. >>
Must be spectacular service for the 30% increase in rates. I am sure it will be noticed.
<< <i>
<< <i>Paypal offers a fantastic service for their rates. >>
Must be spectacular service for the 30% increase in rates. I am sure it will be noticed. >>
What is Visa or MC charging for an in house operation? How many personnel would you need to handle all your cc transactions, along with disputed or fraud transactions?
BTW most of us "small time" sellers, will not see a rate increase...It will remain the same, and what a bargain, at 2.9% +$.30.
edited for the decimal spot
Check out BuyPass from First Data Corporation for your CC processing. But 3% is pretty much average unless you're Wal-Mart
My goal is to be done selling on eBay this year and I hope I can be done before they raise the rent again.
<< <i>Going to 2.9% + $.30/transaction. For me that's a 30% increase. >>
This is what most of us have been paying all along.
<< <i>
<< <i>Going to 2.9% + $.30/transaction. For me that's a 30% increase. >>
This is what most of us have been paying all along. >>
+4
OP, did you make a deal with the devil or something?
Oops misplaced the decimal unless it's a real special evening.
Put differently, that's about 3 months rent.
It's not small potatoes
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
They don't show the fees anymore, but I see in their help section they have a sliding scale of 1.9% to 2.9%
If a refund I send is accepted, are the fees from the original transaction credited to my account?
You receive credit for your original transaction fees based on the kind of refund you issue. When you issue a full refund using the Issue Refund link on the Transaction Details page, we credit your full variable transaction fee (1.9% to 2.9% of the transaction amount).
<< <i>Mine normally runs 2.2 to 2.5 depending on volume, if I can hit 10k in month, I get the 2.2 following month. >>
Actually paypal is pretty tight on their discounts! It is a running total and if your volume is above 10K at the time you get 2%....fall a dollar under and you are at 2.5%. It's not a month to month thing!
<< <i>While it may seem trivial, it amounts to about $4200/year in increased fees for me.
Put differently, that's about 3 months rent.
It's not small potatoes >>
Okay, so 2 evenings on the town with ten of your best friends.
<< <i>Hillary Pay is what we need. >>
Your avatar doesn't blend well with your statement!
<< <i>While it may seem trivial, it amounts to about $4200/year in increased fees for me. >>
While I didn't solve for x, it does sound like your sales volume is enormous. Congrats!
Liberty: Parent of Science & Industry