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PayPal Doubles Fees, Forgets to Tell Customers

Discussion in 'Off-topic Zone' started by Arch Stanton, Aug 20, 2009.

  1. Arch Stanton

    Arch Stanton it was the grave marked unknown right beside

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    PayPal Doubles Fees, Forgets to Tell Customers
    by Matt Mickiewicz

    If you’re a PayPal customer, you may be in for a surprise the next time you look at your account.

    Personal accounts are now charged a 2.9% fee + 30 cents to receive payments for “Goods” or “Services”, something that was previously free. No formal announcement about the change was made.

    “We didn’t want to make a huge formal communication out of this pricing change, because we weren’t really adding any fees, and we were hoping it would be a more useful experience for people.” — Charlotte Hill, PayPal PR Manager

    Read that again. They chose not to announce it because it would be a more useful experience. PayPal’s director of product marketing, Heinz Waelchli was also less than forthcoming on the PayPal blog while trying to spin the story.

    This double-dipping — charging both sellers and receivers for transactions — will result in a major increase in fee revenue for eBay Inc. which owns PayPal.

    Want to get around this blatant money grab? Get a Premium or Business Account with PayPal. Or just ditch PayPal altogether, and sign up for Google Checkout.



    http://www.sitepoint.com/blogs/2009/08/19/paypal-doubles-fee/
  2. theogt

    theogt Surrealist Zone Supporter

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    Well, that sucks as I'm expecting several thousand dollars in paypal payments.

    Would have chose an alternative form of payment had I known this.
  3. Sam I Am

    Sam I Am Unfriendly and Aloof!

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    Ebay is probably just trying to make back the money they are getting screwed out of due to the morons running the show.

    They basically paid $4.1US billion for Skype, but didn't get the peer-2-peer underlying technology behind it in the deal. Now the people they paid the $4.1 billion to are saying that Ebay cannot use the technology anymore and will have to shut Skype down.

    Can you get anymore stupid. :banghead:
  4. theogt

    theogt Surrealist Zone Supporter

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    Sounds like Ebay needs better legal counsel.
  5. Dallas

    Dallas Old bulletproof tiger

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    Im actually expecting several million dollars in paypal payments on Friday. I can see the charges now. :cool:
  6. Bob Sacamano

    Bob Sacamano Benched

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    theo is like Napolean Dynamite
  7. Sam I Am

    Sam I Am Unfriendly and Aloof!

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    You accept million dollar payments via Paypal? Erm, I think you need lessons in how to handle business transactions.
  8. Dallas

    Dallas Old bulletproof tiger

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    See BobSac. He will fill you in. :p:
  9. Dallas

    Dallas Old bulletproof tiger

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    What are you doing here, Uncle Rico?


    Uncle Rico: Grandma took a little spill at the sand dunes today. Broke her coccyx.
  10. theogt

    theogt Surrealist Zone Supporter

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    I don't get it.
  11. Sam I Am

    Sam I Am Unfriendly and Aloof!

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    First you must look at the poster, before you read the post. :laugh2:
  12. theogt

    theogt Surrealist Zone Supporter

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    Are we just accepting the fact that what Bob says doesn't make sense, now?
  13. Temo

    Temo Active Member

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    I'm so not paying for last night, Theo. It wasn't worth it.
  14. WarC

    WarC Active Member

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    Does google checkout offer anything like paypals money market fund for cached money?

    if so im there man

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