PayPal Doubles Fees, Forgets to Tell Customers

[Arch Stanton]

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/

 

[theogt]

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.

 

[YosemiteSam]

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.

 

[theogt]

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.

Sounds like Ebay needs better legal counsel.

 

[Dallas]

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.

Im actually expecting several million dollars in paypal payments on Friday. I can see the charges now.

 

[Bob Sacamano]

Im actually expecting several million dollars in paypal payments on Friday. I can see the charges now.

theo is like Napolean Dynamite

 

[YosemiteSam]

Im actually expecting several million dollars in paypal payments on Friday. I can see the charges now.

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

 

[Dallas]

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

See BobSac. He will fill you in. :

 

[Dallas]

theo is like Napolean Dynamite

What are you doing here, Uncle Rico?


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

 

[theogt]

theo is like Napolean Dynamite

I don't get it.

 

[YosemiteSam]

I don't get it.

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

 

[theogt]

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

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

 

[Temo]

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

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

 

[WarC]

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

if so im there man