PayPal raises fees for most domestic transaction types to 3.49% + $0.49
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Re: PayPal raises fees for most domestic transaction types to 3.49% + $0.49
#2now they are more expensive than credit cards, when I worked there in 2004-2007 their big deal was they were cheaper than credit cards.
Re: PayPal raises fees for most domestic transaction types to 3.49% + $0.49
#3I have seen absolutely zero coverage about this change so I wanted to make sure people knew about it. The change seems to have happened on August 2nd according to archive.org [1]. I checked my PayPal records to verify this was true and sure enough I've been paying the higher rate in fees starting after July.
[1] https://web.archive.org/web/20210727095034/https://www.paypa...
Re: PayPal raises fees for most domestic transaction types to 3.49% + $0.49
#4I have seen absolutely zero coverage about this change so I wanted to make sure people knew about it. The change seems to have happened on August 2nd according to archive.org [1]. I checked my PayPal records to verify this was true and sure enough I've been paying the higher rate in fees starting after July. [1] https://web.archive.org/web/20210727095034/https://www.paypa...
Thanks for your effort!
Re: PayPal raises fees for most domestic transaction types to 3.49% + $0.49
#5Still the easiest way to start selling online, at least in Europe... They've got the low volume starter business niche by the balls.
Re: PayPal raises fees for most domestic transaction types to 3.49% + $0.49
#6It amazes me that despite not really modifying the core PayPal service for 10+ years, they are still a market leader.
Parts of their business don't have much network effect, and competitors could totally rebuild the tech and eat away at the market share... Yet somehow that hasn't happened.
Re: PayPal raises fees for most domestic transaction types to 3.49% + $0.49
#7PayPal is awful for small transactions, I regularily get donations for my projects that are literally 0 USD, because all of it is eaten away by PayPal fees, and even for a 5 USD donation you end up losing around 15% of the transaction amount.
Do you know of any other service that is suitable for microtransactions, besides cryptocurrencies?
Re: PayPal raises fees for most domestic transaction types to 3.49% + $0.49
#8PayPal is awful for small transactions, I regularily get donations for my projects that are literally 0 USD, because all of it is eaten away by PayPal fees, and even for a 5 USD donation you end up losing around 15% of the transaction amount. Do you know of any other service that is suitable for microtransactions, besides cryptocurrencies?
As far as donations go, Patreon and Ko-fi should have a lot lower fees.
Re: PayPal raises fees for most domestic transaction types to 3.49% + $0.49
#9This is straight out of Peter Thiel's handbook. Create a monopoly and then take the profits.
Re: PayPal raises fees for most domestic transaction types to 3.49% + $0.49
#10I have seen absolutely zero coverage about this change so I wanted to make sure people knew about it. The change seems to have happened on August 2nd according to archive.org [1]. I checked my PayPal records to verify this was true and sure enough I've been paying the higher rate in fees starting after July. [1] https://web.archive.org/web/20210727095034/https://www.paypa...
They technically announced it [1], but I agree that it got next to no coverage. Presumably they deliberately "silently" put the announcement on their blog without circulating it to news outlets. HN discussion at the time [2].
[1] https://newsroom.paypal-corp.com/2021-06-18-Upcoming-Changes... [2] https://news.ycombinator.com/item?id=27560616