Submission + - Paypal disguises 13% price hike as 'Policy Update'. (paypal.com) 2
turbotalon writes: In an email sent to users February 7th, Paypal is disguising a 13% rate hike as a 'Policy Update.' Roughly one quarter of the 'policy changes' are rate hikes, yet their emailed summary glosses over the rate hike, focussing instead on a few of the 'policy changes' with one sentence at the end about 'changing some of the fees we charge'.
Additionally, they have added a "non-discouragement clause" for sellers that provides:
"In representations to your customers or in public communications, you agree not to mischaracterize PayPal as a payment method. At all of your points of sale (in whatever form), you agree not to try to dissuade or inhibit your customers from using PayPal; and, if you enable your customers to pay you with PayPal, you agree to treat PayPal’s payment mark at least at par with other payment methods offered."
Reading the full text of the update reveals the following fees are increasing:
Standard transaction fee
International currency exchange fees
In-store transaction fees
Micro-payment fees
Cross-border transaction fees
Additionally, they have added a "non-discouragement clause" for sellers that provides:
"In representations to your customers or in public communications, you agree not to mischaracterize PayPal as a payment method. At all of your points of sale (in whatever form), you agree not to try to dissuade or inhibit your customers from using PayPal; and, if you enable your customers to pay you with PayPal, you agree to treat PayPal’s payment mark at least at par with other payment methods offered."
Reading the full text of the update reveals the following fees are increasing:
Standard transaction fee
International currency exchange fees
In-store transaction fees
Micro-payment fees
Cross-border transaction fees
