posted on November 16, 2000 10:06:45 PM new
Now I am very confused. I thought that there was no charge for non-credit card payments. Am I wrong? Are there charges even if a person does not use a credit card?
posted on November 16, 2000 10:38:31 PM new
youbetcha!
Revised Fee Schedule
Notice Date: November 16, 2000 Effective Date: December 1, 2000
In order to better align the fees for using PayPal with the costs of providing the service, we are revising the fees we charge Premier and Business accounts on December 1. We are reducing the variable rate for receiving non-credit card payments from 1.9% to 1.6%, and we are lowering the maximum fee for such a transaction from $9.50 to $5. At the same time, we are increasing the variable rate for credit card payments from 1.9% to 2.2%. A flat fee of 30¢ will apply to all transactions, and this will be the only charge on transactions under $15. On a blended basis, the new variable rates average to our current 1.9% fee. However, the new fee structure provides an opportunity for cost savings by users who prefer payments funded by a bank account or PayPal balance. In December, we plan to launch a feature that will allow payment recipients to further save money by limiting the kinds of payments they accept. These price changes were made only after a careful examination of the different ways we could incent people to help lower our credit card processing costs, and we are proud to say that PayPal remains the cheapest payment method around!
[ edited by abingdoncomputers on Nov 17, 2000 05:20 AM ]
