PayPal to increase fees next month
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PayPal to increase fees next month
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Re: PayPal to increase fees next month
#2The inflation doesn't increase fees enough?
Re: PayPal to increase fees next month
#3The inflation doesn't increase fees enough?
Nothing compared to what lack of competition can do.
Re: PayPal to increase fees next month
#4The inflation doesn't increase fees enough?
Nothing compared to what lack of competition can do.
https://independentbanker.org/2022/02/now-is-the-time-to-pre...
https://www.frbservices.org/financial-services/fednow/about....
Indeed, this is the last hurrah for PayPal. US instant payments go live early next year. They’re trying to squeeze what’s left before they’re obsolete.
Re: PayPal to increase fees next month
#5Earlier quoted context omitted.
Nothing compared to what lack of competition can do.
https://independentbanker.org/2022/02/now-is-the-time-to-pre... https://www.frbservices.org/financial-services/fednow/about.... Indeed, this is the last hurrah for PayPal. US instant payments go live early next year. They’re trying to squeeze what’s left before they’re obsolete.
We've had this in Australia for a while now under the name "NPP" (New Payment Platform) more commonly referred to by folks as "PayID" or "Osko", and I have to say since it's been introduced I've never used PayPal to buy or receive payment for stuff in Australia.
PayPal is an inferior experience in just about every way; it's not instantly in my bank account (it takes days), there's huge fees, and its an unnecessary third party that adds no real value.
Re: PayPal to increase fees next month
#6Also mentioned is the removal of PayPal Key, a feature where PayPal issued users a debit card that would then charge a credit card for any purchases. This feature certainly cost PayPal a ton of interchange fees that it will never recoup, and it is amazing it was ever launched.
Was widely abused to churn spending that needed a debit card into credit card spending (and thus CC rewards).
Re: PayPal to increase fees next month
#7Paypal is basically a poor man's Stripe
Re: PayPal to increase fees next month
#8Creators need to start sending & receiving payments on blockchain apps. The sooner we make that transition the sooner we don’t need to put up with fee increases. We’re working on that liberation with www.Kuky.com
Re: PayPal to increase fees next month
#9Creators need to start sending & receiving payments on blockchain apps. The sooner we make that transition the sooner we don’t need to put up with fee increases. We’re working on that liberation with www.Kuky.com
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Re: PayPal to increase fees next month
#10Earlier quoted context omitted.
https://independentbanker.org/2022/02/now-is-the-time-to-pre... https://www.frbservices.org/financial-services/fednow/about.... Indeed, this is the last hurrah for PayPal. US instant payments go live early next year. They’re trying to squeeze what’s left before they’re obsolete.
We've had this in Australia for a while now under the name "NPP" (New Payment Platform) more commonly referred to by folks as "PayID" or "Osko", and I have to say since it's been introduced I've never used PayPal to buy or receive payment for stuff in Australia. PayPal is an inferior experience in just about every way; it's not instantly in my bank account (it takes days), there's huge fees, and its an unnecessary th…
Sadly I don't think there is anything similar here in Europe that would give the same level of consumer protection though. Also convincing sellers to accept a new payment method seems a big effort that requires some time. Hopefully I'm wrong.