Paypal increasing fees again

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Lexel
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Paypal increasing fees again

just got a main they are again changing their conditions

Updates to the PayPal User Agreement – Effective Date June 10, 2019

For Cross-Border Personal Transaction we will charge in an amount equal to 5.00% of the respective transaction amount, but in any case at least EUR 0.99 and a maximum of EUR 3.99. We will show you the Fee applicable to the respective transaction prior to the transaction.

all currency exchange taxs +0.25% points

new US dollars (USD) 3.75%

its also funny how they get taxes differently depending where you live
Germany
Nordeuropa 1,80%
Europa I 2,00%
Nordamerika +2,00%
Europa II +3,00%
Lateinamerika +3,30%
APAC +3,30%
andere Länder +3,30%

UK
Northern Europe* 0.4%
Europe I** 0.5%
US/Canada 1.0%
Europe II† 1.3%
Rest of world 2%

I may have to stop using Paypal at a point thats up to 10% on every order they get on fees
or use a site like https://www.online-gebuehrenrechner.de/paypal.php
so people have to calculate what they got to pay Paypal so I get the same money on every sale

100$ sent that are worth 89.11€
Paypal rest of world like Indonesia 81.47€ —> 8.6% fees and in July 0.25% more

Edited by: Lexel on 04/05/2019 - 08:46
Quadrupel
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You dont like capitalism? Big Smile

The Last Katun
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Quadrupel wrote:
You dont like capitalism? Big Smile

Yes, capitalism is fantastic! On this occasion I will increase all invoices to my customers by 0.1% to 0.5%, and they will not care, as they will increase their earnings in the same way; in the end, moderate inflation indicates a good and vibrant economy Wink
Lexel
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The Last Katun wrote:
Quadrupel wrote:
You dont like capitalism? Big Smile
Yes, capitalism is fantastic! On this occasion I will increase all invoices to my customers by 0.1% to 0.5%, and they will not care, as they will increase their earnings in the same way; in the end, moderate inflation indicates a good and vibrant economy Wink

this is not inflation last year they went up from 1.89% to 2.49% that is 31.7%

now 3.5% —>3.75% 7.1%

its strange no regulation is reacting on Paypal and Ebay using their market force to raise prices as they like
Ebay started below 3% 15 years later at 10% thayt equals about 9% each year

The Last Katun
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Lexel wrote:
The Last Katun wrote:
Quadrupel wrote:
You dont like capitalism? Big Smile
Yes, capitalism is fantastic! On this occasion I will increase all invoices to my customers by 0.1% to 0.5%, and they will not care, as they will increase their earnings in the same way; in the end, moderate inflation indicates a good and vibrant economy Wink

this is not inflation last year they went up from 1.89% to 2.49% that is 31.7%

now 3.5% —>3.75% 7.1%

its strange no regulation is reacting on Paypal and Ebay using their market force to raise prices as they like
Ebay started below 3% 15 years later at 10% thayt equals about 9% each year


Thanks for your numbers, but I didn’t want to do an economics lesson; I just wanted to say that the increase in costs does not affect the concept of “capitalism” which is able to discharge both inflation and other increases. Faced with an increase in costs, it is not capitalism that is weak in resources to cope with it
Lexel
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The Last Katun wrote:
Lexel wrote:
The Last Katun wrote:
Quadrupel wrote:
You dont like capitalism? Big Smile
Yes, capitalism is fantastic! On this occasion I will increase all invoices to my customers by 0.1% to 0.5%, and they will not care, as they will increase their earnings in the same way; in the end, moderate inflation indicates a good and vibrant economy Wink

this is not inflation last year they went up from 1.89% to 2.49% that is 31.7%

now 3.5% —>3.75% 7.1%

its strange no regulation is reacting on Paypal and Ebay using their market force to raise prices as they like
Ebay started below 3% 15 years later at 10% thayt equals about 9% each year


Thanks for your numbers, but I didn’t want to do an economics lesson; I just wanted to say that the increase in costs does not affect the concept of “capitalism” which is able to discharge both inflation and other increases. Faced with an increase in costs, it is not capitalism that is weak in resources to cope with it

with inflation we already transfer more money over them, so they dont need to raise the fees for more income

The Last Katun
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Lexel wrote:

with inflation we already transfer more money over them, so they dont need to raise the fees for more income


I understand you. So I leave the answer to Quadrupel’s nice ironic phrase and enter the discussion on Paypal.
To discuss the actions of such large companies, I believe that one must have “points/key (or plans, or position) of strength”.
In this case the individual cannot do much unless he is himself an important “key strength”; you can join, perhaps by collecting signatures (https://www.ipetitions.com, for example) and then animate the discussion via “social media” (Facebook; whatsapp, etc. always for example); open #hastag on the subject of paypal price increases and create an audience that can induce Paypal to understand the states of discomfort of its users. Gathering the adhesions towards the collection of signatures, this is for me the best line to follow. Can work
Barkuti
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Some hours ago I received a PayPal email bla bla bla here's the meat in 3 Wink flavours:

 

 

I was already being charged a 4% fee when using PayPal with my bank account and letting it handle the conversion. What now? 

Innocent

Henk4U2
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To me PayPay is the safest (and expensive) way of paying, but it looks like PayPal is hiring.
And every time a new kid enters the block, he/she has a brilliant idea: let’s up the rates.
That leaves us to be as good as we can to duck the rates.

You don’t always HAVE to use PayPal. Sometimes big sellers do their own conversions.
However: comparing different conversion rates is not always as simple as it looks like.
If I pay a seller in dollars, PayPal will charge my bank account in EURO.
I know that BG and GB are cheaper for me if I choose to pay them in EURO directly.
There are a few other sellers out there that are worth trying for the same service.
If you really trust the seller, you can use your credit card en let them do the conversion.

And in the end there is the old Dutch expression: bitten by the cat or by the dog, what’s the difference.

You are a flashaholic if you are forced to come out of the closet, to make room for more flashlights.

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Yeah, fook Kapitalism

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Henk4U2
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It is not (always) perfect, but I think the system of pricing by supply and demand is the best.

Wanna hear a funny side effect?
Every time a big event is announced in NL, all kinds of shady buyers are computerised stockpiling tickets.
Tickets are sold out in a matter of minutes. But they can be bought: from resellers. For a few dollars more.
And as the date of the event comes near, the resell prices of these tickets go up. Through the roof!

This weekend there is Lowlands: a big open air festival in NL. Friday through sunday.
With a humongous line-up (including A$AP Rocky with his entire self defender entourage).
Now this: according to the weather forecast, visitors will be walking around ankle deep in mud.
And resell prices are down to 50%.

Being a chilly person myself, I don’t envy the visitors. But the fate of the resellers makes me smile.
(rumors are that some of these resellers are vaguely connected to the official ticket bureau)

You are a flashaholic if you are forced to come out of the closet, to make room for more flashlights.

Boaz
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  I was in a conversation with a member here who wanted to pay for some Dc-fix .

Paypal wanted to charge him 2.50$ TO SEND ME 5$ friends and family because there was a currency conversion .He thought he was just sending me cash . I informed him that he needed to just make it a regular transaction ..he's buying something and I get hit with the fees . I explained it was like 12% and not a big deal for me to eat .65 cents. I also had the discussion about how I'd mistakenly sent money friends and family to a member here overseas so he didn't have to eat the fees and said some people just over pay..and that I like to do that myself at times .

 We finished up our PM and he said oh by the way I tossed you an extra .70cents .

 I thanked him ,stuck his package in the mail and went off to paypal to see what the exact numbers / fees were since I knew the rates had gone up .

 I think the number was .52cents on $5. just a hair over 10% BUT ....he had made another transaction of .70 cents and they took more than half ?? Sorry I forget but it was close to 50% or more .

 It's not the money it's the principle and something to remember .... Do all transactions in a single one not  smaller ones 

that'ssome crazy crazy .. I am thinking about starting a go fund me page ... I wonder how much they would take out of .70 cents ?

 Dirty rotten ^&#*(#***#@%%%

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Henk4U2 wrote:
It is not (always) perfect, but I think the system of pricing by supply and demand is the best.

The best? How come? Maybe you wanted to say it's the only @#$% the people around me “know” and use?

Henk4U2 wrote:

Wanna hear a funny side effect?
Every time a big event is announced in NL, all kinds of shady buyers are computerised stockpiling tickets.
Tickets are sold out in a matter of minutes. But they can be bought: from resellers. For a few dollars more.
And as the date of the event comes near, the resell prices of these tickets go up. Through the roof!

Speculation. The same thing battery rewrapping companies do by raising prices and usually perverting OEM specifications.

There are many cures available for the above phenomena: break their legs and ribs, hit their heads hard with a sledgehammer, go rampage with a baseball bat up their arses… Oh! Well, excuse me. The way a master does it: don't buy. You could also tell them to donate their benefits to some good NGO so they can balance their karma.

 

PayPal allows you to pay with a debit or credit card allowing your bank to handle the currency conversion fees. Check here: How To Disable PayPal’s Currency Conversion to Save Money on Fees @ Roman Reviews

Innocent

Henk4U2
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Barkuti wrote:
There are many cures available for the above phenomena: break their legs and ribs, hit their heads hard with a sledgehammer, go rampage with a baseball bat up their arses… Oh! Well, excuse me. The way a master does it: don’t buy. You could also tell them to donate their benefits to some good NGO so they can balance their karma.

Is it that time of the month? Facepalm

You are a flashaholic if you are forced to come out of the closet, to make room for more flashlights.