posted on November 20, 2000 02:57:36 AM
For anyone interested or who may need to change their charges to buyers:
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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.
posted on November 20, 2000 09:10:19 AM
Notice: In order to better protect myself against lying frauds who change their TOS daily, I am sending these links to all my customers and anyone who even thinks of dealing with Payfoe.
