Paypal Fee Increase

Discussion in 'Random Thoughts' started by Jerry, Jun 26, 2018.

  1. Jerry

    Jerry Friend

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    I made $83 PayPal Gift recently and was charged $8.11 instead of free. That is quite a hefty fee. So, I contacted PayPal for clarification.

    So, for those who don't know yet, PayPal has changed its fee structure on personal payment from 10 May 2018.

    International payment (credit card): 4.99 USD + 3.4% + Fixed Fee
    Local payment (credit card): 3.4% + Fixed Fee.

    International payment (PayPal balance): 4.99 USD
    Local payment (PayPal balance): free

    Details can be found here https://www.paypal.com/id/webapps/mpp/ua/upcoming-policies-full.

    This is going to increase transaction cost. I wonder if there are better ways to transact.
     
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  2. Clemmaster

    Clemmaster Friend

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  3. Jerry

    Jerry Friend

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    Is there a free transfer like previous PayPal gifting?
     
  4. Kattefjaes

    Kattefjaes Mostly Harmless

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    Have their changed their commercial rates recently too?

    I was all set to get some Andros from the German dealer*, but the delta between the day's exchange rates and what I was paying via Paypal just felt like I was being had. Sadly, Paypal didn't break down what was crappy exchange rate and what was fees, so it's hard to be sure. It felt like far harder gouging than I'm used to.

    *Who were offering a good price and decent shipping options, bless them.
     
    Last edited: Jun 26, 2018
  5. bixby

    bixby Friend

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    Uh, what am I missing here, it is still free.

    Only when you decide to use a credit card do you pay fees, aside from the $5 for international. Put some coin in your paypal account and you will be fine. No different than lots of cc processors, they all want your money.
     
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  6. maverickronin

    maverickronin Friend

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    Was gifting through credit cards ever free? Wouldn't PayPal have had to eat the card company's fee themselves for that to be the case?
     
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  7. Jerry

    Jerry Friend

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    PayPal exchange rate is enormous. They probably make more money from FX spread than fees.

    What's the difference between commercial and personal rates?
     
  8. Kattefjaes

    Kattefjaes Mostly Harmless

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    Fuck knows. It was sufficiently bad that I bailed on the transaction, though. Kinda sucks, as Camfire's European distribution is basically this one dealer. Working on a plan "B" now.
     
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  9. TwoEars

    TwoEars Friend

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    PayPal has been shit for a while, they absolutely rape on you on currency conversation rates. Maybe if you're in the US and transfer money to another person in USD it's ok. But if you're in the EU and have a EUR account and want to send someone some GBP to pay for something... be aware the hidden fee. Same if you transfer from a non-EUR bank account to your paypal-EUR account, prepare to be raped.

    Then there is the thing that they always seem to settle all disputes in favor of the buyer, if you've sold something to a tosser and he's lying be prepared for very heavy bias from paypal's side.

    And their support is useless, I had an issue with Marv transferring some money to me and got kicked around between 3 different support desks and no one would give me a straight answer. We figured out how to transfer the money in the end but the ticket is still on my paypal account every time I log in... and they can't solve it... lol.

    I've stopped using paypal because of this, back to bank transfers.
     
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    Last edited: Jun 26, 2018
  10. Elnrik

    Elnrik Super Friendly

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    Google pay? I've used it. Works well.
     
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  11. gimmeheadroom

    gimmeheadroom Rando

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    Reading this thread I picture the super secret tribunal where Belushi yells "Blowjob! Blowjob!"
     
  12. Jerry

    Jerry Friend

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    Problem is PayPal has become quite de facto standard in transactions. Almost everyone I buy from request PayPal. I'm gonna give Google Pay a shot. PayPal really needs a serious competition.

    Bank transfer is a no no if we dont know the seller well. Sbaf is generally fine, but sometimes there are creeps lurking in head-fi or other places.
     
  13. gimmeheadroom

    gimmeheadroom Rando

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    Agreed but I'm not willing to use google voluntarily for anything even if it means PayPal is still price gouging. There has to be a better way...
     
  14. Elnrik

    Elnrik Super Friendly

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    Anti Google?

    Might as well drink the Kool-aid. Hehehe
     
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  15. Jerry

    Jerry Friend

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    Whats wrong with google? :)
     
  16. gimmeheadroom

    gimmeheadroom Rando

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    Seriously?
     
  17. gimmeheadroom

    gimmeheadroom Rando

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    No way man. It's bad enough BlackBerry became nullified and I have to use Android phones. Those guys siphon up your whole life, I'm not helping them out any more than I have to. I don't use their websearch, I don't use their apps, if I use chrome I never sign in etc.

    They accomplished what the SS and NBA couldn't accomplish and you can bet your a$$ they're monetizing that.
     
  18. frenchbat

    frenchbat Almost "Made"

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    The SS and NBA ? First time I hear about conspiracy theory involving the national basketball association
     
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  19. Jerry

    Jerry Friend

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    Not that I condone their wrongdoings (if any), but they're free.

    Are you also against Facebook, etc?
     
  20. gimmeheadroom

    gimmeheadroom Rando

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    They're not free. They're making money off people's private information.

    Yes, I have no facebook. No internet presence at all except on mailing lists and forums.
     

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