Paypal "personal payment" fee's removed if paid from bank or paypal balance changes to T&C's as of 9th of July - HotUKDeals
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Paypal "personal payment" fee's removed if paid from bank or paypal balance changes to T&C's as of 9th of July

mbgringo Avatar
8y, 5m agoPosted 8 years, 5 months ago
Don't know if this is common knowlege, sorry if it is . . .

"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:
mbgringo Avatar
8y, 5m agoPosted 8 years, 5 months ago
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Comments/page:
#1
Also don't have to upgrade to premier or business account if £250 is received . . . .
#2
#3
schizoboy


Directly! just shows how much we are were getting screwed by the banks/paypals t&C's!!
#4
So in most cases I wont be charged for recieving money anymore?
#5
still dont trust paypal.

would love to use ebay again but as long as they keep forcing you to use paypal i wont.
#6
Thanks for that.. looks a bit deep through... at the end of the day will it cost more to be a seller or buyer on EBAY.??? when you do use your bank account, etc...
#7
ade2j
So in most cases I wont be charged for recieving money anymore?


As long as the person sending he payment sends it from a paypal balance or their confirmed bank account, then no fee's will be incurred, only when they pay using their credit/debit card :)
#8
funkymartyn
Thanks for that.. looks a bit deep through... at the end of the day will it cost more to be a seller or buyer on EBAY.??? when you do use your bank account, etc...


Stay the same to be a buyer but i assume if they pay as above, via balance or bank, as a seller you should dodge fee's, that would be a hard one to police on Ebay though as there is no contact with the buyer prior to after the transaction is complete unlike the forums . . .
#9
Help on ebay for sure... Most people will have their money in the paypal account or have their bank as a backup. You have to have your bank there if you want to transfer money into your account anyway don't you?
#10
ade2j
Help on ebay for sure... Most people will have their money in the paypal account or have their bank as a backup. You have to have your bank there if you want to transfer money into your account anyway don't you?


No, you need to confirm it to take a payment from the bank account, you can still withdraw to it without confirming (my situation at the minute, really need to confirm it :lol:)
banned#11
ebay transactions aren't included though are they?
#12
colinsunderland
ebay transactions aren't included though are they?


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).

Yep, excludes ebay. Well spotted Colin!

Our FS/T forum should be busier though!
#13
Edited title to reflect the above
#14
hmm if someones sells second hand on ebay,is this not a personal payment,surely it cannot be considered as commercial?
#15
The buyers still going to pay by CC though in some cases because oif the Protection they get. so nothings really changed for someone sending as they didn't have to pay the fees anyway
#16
reading it again makes me think about the 3.4%.if i recieve £100 i pay £3.40,if i recieve £1000 i pay £34.surely it is the exact same proccess for each transaction,therefore why is one 10 times more expensive than the other?

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