Groups

    PayPal hiking sellers fees by around 25%, and amending T&Cs so you cant diss them.

    This is a BIG price hike that will affect everyone selling on Fleabay, or having PayPal as a payment method on their eStore.

    News Alert

    theregister.co.uk/201…rs/

    24 Comments

    Any details?

    The linked article refers to US fees only.

    25%? Where does it say that?

    deeky

    25%? Where does it say that?


    by 25%, i.e. From 4% to 5%, it's not really that big of a deal!

    pcs7038

    The linked article refers to US fees only.



    ​It says outside the US is to be 4.4 percent on top of the currency fee.

    SkyeVincent

    by 25%, i.e. From 4% to 5%, it's not really that big of a deal!



    I love the way they say 'changing' as opposed to 'increasing'. You can be sure if it was going own they would soon find the word 'reducing'.

    Do they still charge the 20p aswel. Wen you sell on eBay if it goes for 99p you only see 68p or something. Thy charge more on lower cost items than e en ebay. In total

    deeky

    I love the way they say 'changing' as opposed to 'increasing'. You can be … I love the way they say 'changing' as opposed to 'increasing'. You can be sure if it was going own they would soon find the word 'reducing'.


    Plenty of people might even think it went down,lol.

    lendu

    Do they still charge the 20p aswel. Wen you sell on eBay if it goes for … Do they still charge the 20p aswel. Wen you sell on eBay if it goes for 99p you only see 68p or something. Thy charge more on lower cost items than e en ebay. In total


    Yes, the current Paypal fee is 3.4% + 20p, though they do lower rates for businesses that sell a lot.

    Why does it say 3.9% when it's as above 3.4%+20p

    The standard transaction fee for sellers selling goods or services online to buyers outside the U.S. will rise from 3.9 per cent to 4.4 per cent, on top of the existing fixed fee based on the currency.

    Matty8787

    ​It says outside the US is to be 4.4 percent on top of the currency fee.


    Yes, for US sellers selling outside the US.

    Personally I find ebay and paypal to be very expensive ways of selling now. Not that long ago I could work on it being 10% of the selling price that I have to give away but quite often its more than that.

    Problem is that they have the market cornered. Any alternatives out there have a much smaller user base.

    deb8z

    Why does it say 3.9% when it's as above 3.4%+20p The standard transaction … Why does it say 3.9% when it's as above 3.4%+20p The standard transaction fee for sellers selling goods or services online to buyers outside the U.S. will rise from 3.9 per cent to 4.4 per cent, on top of the existing fixed fee based on the currency.


    Its not very clear in the article but I think all the fees quoted apply to sellers in the US, not the UK, thats the way I read it.
    Edited by: "Delbert.Grady" 13th Feb

    As an aside Hermes site will be down tomorrow morning.

    The myHermes website will be unavailable on Tuesday 14th February from 06:00 to 08:00am.

    The article relates to the PayPal User Agreement for US based accounts.

    Here's the UK User Agreement which comes into effect 27th April:
    paypal.com/uk/…_GB

    I'm not sure what the main changes are but there is no change to the 3.4% + 20p fee. There may be changes to cross border or other fees.

    The currently effective UK User Agreement includes the non-discouragement clause.

    Where does it say 25%?

    deb8z

    As an aside Hermes site will be down tomorrow morning.The myHermes … As an aside Hermes site will be down tomorrow morning.The myHermes website will be unavailable on Tuesday 14th February from 06:00 to 08:00am.



    ​the bosses must be expecting a lot of valentine cards so need a couple of hours to go through them

    knack

    The article relates to the PayPal User Agreement for US based accounts. … The article relates to the PayPal User Agreement for US based accounts. Here's the UK User Agreement which comes into effect 27th April:https://www.paypal.com/uk/webapps/mpp/ua/useragreement-full?locale.x=en_GBI'm not sure what the main changes are but there is no change to the 3.4% + 20p fee. There may be changes to cross border or other fees. The currently effective UK User Agreement includes the non-discouragement clause.



    So the OP is mistaken X)

    Original Poster

    As I read it, it was for PP customers OUTSIDE of the US.

    This is just a reaction story to the announcement, I havent read the full release (I refuse to use PP); however, whatever the US side does, the European side will copy soon afterwards; just as our government copies whatever insane ideas the US government comes up with (usually a 10 year delay though).

    PP is already one of the MOST expensive ePay systems, this will make it worse, especially alongside the Fleabay fees.

    Oh, and they arent registered or regulated in the UK for financial services, as it is all done through a "Brass Plate" mailbox address in Luxembourg.
    I found this out to my cost when they screwed me 15 years ago.

    25 !!! They already cream enough. Time to ditch eBay either it's FV fees then the old PayPal fee and now this whopping 25%

    Thanks OP

    I like the double posting about. Good way to increase your post count?

    Yeah, upon reading this is not a UK thing. So not really worth the effort typing it.

    But thanks op....

    Gentle_Giant

    As I read it, it was for PP customers OUTSIDE of the US.This is just a … As I read it, it was for PP customers OUTSIDE of the US.This is just a reaction story to the announcement, I havent read the full release (I refuse to use PP); however, whatever the US side does, the European side will copy soon afterwards; just as our government copies whatever insane ideas the US government comes up with (usually a 10 year delay though).PP is already one of the MOST expensive ePay systems, this will make it worse, especially alongside the Fleabay fees.Oh, and they arent registered or regulated in the UK for financial services, as it is all done through a "Brass Plate" mailbox address in Luxembourg. I found this out to my cost when they screwed me 15 years ago.



    You're probably correct though,the fees will go up here,same with Ebay something happens on the .com site and the UK site follows suit soon after.
    Post a comment
    Avatar
    @
      Text
      Top Discussions
      1. Royal Mail chat says I am not allowed to send paper of any kind to Hong Kon…2261
      2. Just heard this...2 ★★★★★★★★★★★★★★ congrats to all on 392k ★★★★★★★★★★★★★★7767245
      3. 75% off Sky TV for existing customers. Only works when you call the specifi…17826357
      4. word association Game73844477

      See more discussions