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New Paypal Conditions

pikachu12 Avatar
8y, 5m agoPosted 8 years, 5 months ago
Just got a email from paypal about changes:


We would like to let you know of an important announcement affecting all PayPal account holders in the UK.

Effective from 9 July 2008, PayPal will change its fee structure to make it more attractive for our UK customers to send personal payments. We are pleased to announce that:

* PayPal will not charge a recipient (regardless of their account type) of a PayPal payment if that payment was funded by the sender's bank account or PayPal balance and it is designated a Personal Payment

* PayPal will apply a fee for payments received for Personal Payments or Commercial Payments if such a payment is funded by a credit or debit card, however for Personal Payments funded by a card, the sender will have the option of paying the fees for that payment

* Also, PayPal will no longer require its customers to upgrade from a Personal Account to a Premier or Business Account once it has received a total of £250

Consequently the following amendments to the PayPal User Agreement will be applicable for UK customers:

Clause 8 will be amended (where relevant) to provide that:

* Receiving Personal Payments which are also Balance/Bank Funded Payments will be free

* Receiving Personal Payments and/or Commercial Payments which are also Card Funded Payments will be charged at these standard rates:

3.4% + Fixed Fee For each domestic payment transaction.
3.9% + Fixed Fee For each cross border payment transaction

Merchant Rates

(based on monthly transaction volume & one-off application)
1.4% - 2.9% + Fixed Fee For each domestic payment transaction
1.9% - 3.9% + Fixed Fee For each cross border payment transaction

The monthly volume tiers applicable to these Merchant rates are further described in the Fees section accessible from every page of the PayPal Website.

The Fixed Fee will be (depending on the payment currency):
£0.20 GBP ¥40.0 JPY 1.35 PLN
0.35 EUR $0.40 AUD 90.0 HUF
$0.30 USD 0.55 CHF 10.00 CZK
$0.30 CAD 2.80 NOK $0.50 SGD
$4.00 MXN 3.25 SEK $2.35 HKD
1.20 ILS 2.60 DKK $0.45 NZD

UK registered Users who receive payments in Euros from other European User countries will receive a 0.5% reduction in the variable amount of the applicable cross border fee.

* The sender of a Personal Payment which is also a Card Funded Payment may choose to pay the Fee applicable to that payment.

Clause 15 will include the following new definitions:

"Commercial Payment" means a payment which is not a Personal Payment (including, without limitation a payment associated with an eBay item and/or other goods or services).

"Personal Payment" means a payment made for the purpose of either your personal, family and/or household affairs.

Clauses 4.1, 4.2, 4.4(c), 4.9 will no longer apply to UK customers.

No action is required on your part and you will be able to continue using PayPal with no changes.

Yours sincerely,

PayPal
Other Links From Paypal:
pikachu12 Avatar
8y, 5m agoPosted 8 years, 5 months ago
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banned#1
I'm too tired to read your thread at the moment but will read it, first thing in the morning.

Thanks for posting:thumbsup:
#2
Interesting, just read the email. Though it doesnt mention a change of my type of account (micropayments) where we get charged 5% plus 5p (i think) rather than 3.4% plus 20p
#3
i just upgraded my account 2 days ago
what bad timing.
#4
So where's the change?
banned#5
isnt there a 40% increase in fees from 2.4% to 3.4%

on the plus side, recipients of payments wont pay fees if sender funds the payment from a bank account or paypal balance.

Also, the sender has the choice of paying the fees themselves. makes things a bit easier for HUKD traders :)
#6
Well if you look here theres no real change in fees : https://www.paypal.com/uk/cgi-bin/webscr?cmd=_display-fees-outside

* Also, PayPal will no longer require its customers to upgrade from a Personal Account to a Premier or Business Account once it has received a total of £250


The £250 limit would have given people an easy out on accepting ebay payments for items over that amount, that loophole is now closed.

But what does this mean...

* PayPal will not charge a recipient (regardless of their account type) of a PayPal payment if that payment was funded by the sender's bank account or PayPal balance and it is designated a Personal Payment


and

"Commercial Payment" means a payment which is not a Personal Payment (including, without limitation a payment associated with an eBay item and/or other goods or services).


Is it that they will start charging fees to everybody who receives money for an ebay item regardless of funding source? I don't know tbh, but time will tell.

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