(Topic ID: 140237)

PayPal rates increasing October 1st, most don't know

By toddsvec

8 years ago


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    #1 8 years ago

    Just a heads up, PayPal is screwing over it's most loyal customers (sellers like Big Daddy Enterprises) that have paid tens of thousands in PayPal fees over the years, I myself easily see I've paid almost $35,000 in fees in the past 5 years. The PayPal email I received starts with BS fluff and nonsense with such phrases as "we work hard to ensure your payments are simple, secure and fast" and "We innovate and invest carefully to deliver services beyond payment processing" which was followed by the puzzling statement "In that spirit, we are simplifying the prices we charge for PayPal transactions." Not sure what spirit they have, or how it simplifies anything (it doesn't), but what they mean is they're raising rates. Continued.... "Effective October 1, 2015, we will remove the tiered merchant rates for US domestic and international Purchase Payments*. This means your rate will increase if you are currently receiving a merchant volume discount."

    Great SPIRIT there PayPal!

    Blah Blah Blah "We value our partnership with you" and "Thank you for being a PayPal customer. We appreciate your business" Yeah whatever. Raise my rates and blow smoke up my bunghole is what you're saying.

    And in that spirit, we can't afford to just eat it. Effective 10/1, we'll be raising prices, probably on shipping as that's the easiest method to do it but on various higher priced items too. I expect it to be no more than 50 cents to a buck here and there.

    But anyway, if you've got a Big Daddy order pending, place it ASAP! Thanks for your business.

    #7 8 years ago
    Quoted from Medisinyl:

    that perhaps wouldn't have carried into final checkout),

    It is my crap way of having a minimum order, and yes, it is blocked as I also have it set to not except orders over $20K.

    When I FINALLY get a new site that not only allows credit cards and more flexibility AND easier ways to add product, this won't be a problem.

    #9 8 years ago

    Checks are fine with me.

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