Paypal has a user update coming and it is not friendly
04-15-19, 10:57 AM
#1
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Paypal has a user update coming and it is not friendly
To those here who buy foreign parts and need a currency exchange.
Those who send friends and family- they are on to you and have a variable fee now.
Those who sell and provide a refund for some reason, full or partial, the deal wont be unwound with no cost to you.
Or, the march continues. Profit margin is king.
Those who send friends and family- they are on to you and have a variable fee now.
Those who sell and provide a refund for some reason, full or partial, the deal wont be unwound with no cost to you.
Or, the march continues. Profit margin is king.
04-15-19, 11:04 AM
#2
feros ferio
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I saw the notice. Thank you for posting.
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"Far and away the best prize that life offers is the chance to work hard at work worth doing." --Theodore Roosevelt
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04-15-19, 11:31 AM
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Yeah. I got tagged with a fee on my last deal. It was good while it lasted!
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04-15-19, 11:34 AM
#4
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To those here who buy foreign parts and need a currency exchange.
Those who send friends and family- they are on to you and have a variable fee now.
Those who sell and provide a refund for some reason, full or partial, the deal wont be unwound with no cost to you.
Or, the march continues. Profit margin is king.
Those who send friends and family- they are on to you and have a variable fee now.
Those who sell and provide a refund for some reason, full or partial, the deal wont be unwound with no cost to you.
Or, the march continues. Profit margin is king.
__________________
If someone tells you that you have enough bicycles and you don't need any more, stop talking to them. You don't need that kind of negativity in your life.
If someone tells you that you have enough bicycles and you don't need any more, stop talking to them. You don't need that kind of negativity in your life.
04-15-19, 12:54 PM
#5
Senior Member
Cite your source please because PayPal fees as just a second ago see below..
To those here who buy foreign parts and need a currency exchange.
Those who send friends and family- they are on to you and have a variable fee now.
Those who sell and provide a refund for some reason, full or partial, the deal wont be unwound with no cost to you.
Or, the march continues. Profit margin is king.
Those who send friends and family- they are on to you and have a variable fee now.
Those who sell and provide a refund for some reason, full or partial, the deal wont be unwound with no cost to you.
Or, the march continues. Profit margin is king.
Last edited by SamSpade1941; 04-15-19 at 02:56 PM.
04-15-19, 05:10 PM
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^
+1. PayPal source please, and clarification - are these three different new issues? What's the variable fee? What's the "unwinding" fee for refunding?
Too many things left open here. Not questioning it, but would help others here to know the specifics.
-Kurt
+1. PayPal source please, and clarification - are these three different new issues? What's the variable fee? What's the "unwinding" fee for refunding?
Too many things left open here. Not questioning it, but would help others here to know the specifics.
-Kurt
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04-15-19, 07:58 PM
#7
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PayPal Changes
Sounds like there are no Friends and Family fees if you use funds from you PayPal account or directly from a bank account. Credit and debit cards charge a percentage or fixed fee for transactions so unless the PayPal fees are unreasonable, I don't see a problem with that.
To me it looks like PayPal's end goal is to get more involved in banking which is pretty much what they already do but with less legal restrictions.
"Tell your friends I don't want a lot. Just enough to wet my beak." Don Fanucci - The God Father
verktyg
To me it looks like PayPal's end goal is to get more involved in banking which is pretty much what they already do but with less legal restrictions.
"Tell your friends I don't want a lot. Just enough to wet my beak." Don Fanucci - The God Father
verktyg
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Chas. ;-)
Last edited by verktyg; 04-15-19 at 08:05 PM.
04-16-19, 05:48 AM
#8
Senior Member
The big change is that if you refund a sale, Paypal will not refund your fees. This is all over other boards as well. If you sell a $500 item and that item is returned, the buyer is refunded his full $500, but Paypal keeps the $15 in fees that the seller paid on that sale. The seller eats those fees. Combined with eBay’s policy (if that is where the sale occurred) of siding nearly 100% with the buyer in any dispute or return, sellers are likely to see their costs rise. I am not aware of any (reputable) merchant account that would do the same. It appears to be a gross overreach by Paypal.
04-16-19, 06:14 AM
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The big change is that if you refund a sale, Paypal will not refund your fees. This is all over other boards as well. If you sell a $500 item and that item is returned, the buyer is refunded his full $500, but Paypal keeps the $15 in fees that the seller paid on that sale. The seller eats those fees. Combined with eBay’s policy (if that is where the sale occurred) of siding nearly 100% with the buyer in any dispute or return, sellers are likely to see their costs rise. I am not aware of any (reputable) merchant account that would do the same. It appears to be a gross overreach by Paypal.
04-16-19, 08:43 AM
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For a while, E-Bay has had an option "Pay with Credit/Debit Card".
Has anybody ever used that option?
Has anybody ever used that option?
04-16-19, 09:05 AM
#11
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Originally Posted by verktyg;20886463[i
"Tell your friends I don't want a lot. Just enough to wet my beak." [/i]Don Fanucci - The God Father
verktyg
verktyg
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04-16-19, 09:07 AM
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I have always refused to pay using the friends and family option because I feared I would have no recourse if the deal went south. Without looking it up I think fees are about 3% plus 30 cents. On a $100 item I would just send $103.30. Not enough to squabble over. That being said, BF members are the most trustworthy group I have dealt with on line.
MrK.
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04-16-19, 09:46 AM
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I have always refused to pay using the friends and family option because I feared I would have no recourse if the deal went south. Without looking it up I think fees are about 3% plus 30 cents. On a $100 item I would just send $103.30. Not enough to squabble over. That being said, BF members are the most trustworthy group I have dealt with on line.
MrK.
MrK.
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If someone tells you that you have enough bicycles and you don't need any more, stop talking to them. You don't need that kind of negativity in your life.
If someone tells you that you have enough bicycles and you don't need any more, stop talking to them. You don't need that kind of negativity in your life.
04-16-19, 09:51 AM
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Even when people ask for Friends and Family, if I'm buying something, I add the 3% and used Goods and Services, because I want the protections provided. I buy much less now than I used to. Swap meets are much more fun, as well as sales at the dwindling number of bike shops left.
Besides, I don't have any Friends & Family.....that still talk to me, anyway.
Last edited by RobbieTunes; 04-16-19 at 09:55 AM.
04-16-19, 12:01 PM
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So, this is primarily Friends and Family going overseas? Perhaps they should try something different with Canada.
I don't think I've ever used "friends and family" overseas, although I could imagine some people with close friends & family in Mexico/Latin America that would use the services a lot.
For general transfers in the USA, I doubt PayPal loses a lot, as an E-Bay credit for many of us casual users results in a balance (earning interest for PayPal), followed by legit PayPal purchases (earning commissions).
I haven't tried cash withdrawls, but perhaps that would be the key, to allow inexpensive balance transfers, but not allow withdrawals unless there are actually fees collected... at least in general.
I don't think I've ever used "friends and family" overseas, although I could imagine some people with close friends & family in Mexico/Latin America that would use the services a lot.
For general transfers in the USA, I doubt PayPal loses a lot, as an E-Bay credit for many of us casual users results in a balance (earning interest for PayPal), followed by legit PayPal purchases (earning commissions).
I haven't tried cash withdrawls, but perhaps that would be the key, to allow inexpensive balance transfers, but not allow withdrawals unless there are actually fees collected... at least in general.
04-16-19, 12:06 PM
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Paypal's a business, and they are in business to make money. They are also a bunch of extremely smart people.
Anyone who thought PP would allow users to send money back and forth to people who clearly are neither friends nor family without cost or recourse was fooling themselves. Surely, they are just as capable of viewing posts from people (not just here, but all over the place) who SELL things and ask SPECIFICALLY for payment via F&F to avoid seller fees. So, yeah, eventually things had to get tightened up.
If'n you don't like to pay, don't play.
Anyone who thought PP would allow users to send money back and forth to people who clearly are neither friends nor family without cost or recourse was fooling themselves. Surely, they are just as capable of viewing posts from people (not just here, but all over the place) who SELL things and ask SPECIFICALLY for payment via F&F to avoid seller fees. So, yeah, eventually things had to get tightened up.
If'n you don't like to pay, don't play.
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04-16-19, 07:12 PM
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The big change is that if you refund a sale, Paypal will not refund your fees. This is all over other boards as well. If you sell a $500 item and that item is returned, the buyer is refunded his full $500, but Paypal keeps the $15 in fees that the seller paid on that sale. The seller eats those fees. Combined with eBay’s policy (if that is where the sale occurred) of siding nearly 100% with the buyer in any dispute or return, sellers are likely to see their costs rise. I am not aware of any (reputable) merchant account that would do the same. It appears to be a gross overreach by Paypal.
(Side issue: I've never understood why buyers and sellers just don't agree to split the fees since both are using the PayPal service -- buyer includes an additional 1.5%, seller "eats" 1.5%. Oh well.)
04-16-19, 08:43 PM
#19
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For SamSpade1941- these are upcoming changes, to take effect in early May.
https://www.paypal.com/us/webapps/mp...-policies-full
bulk of the text:
Amendments to the PayPal Account User Agreement
Amendments to the PayPal User Agreement for Personal PayPal Accounts
Amendments to the PayPal User Agreement for Business Accounts
Amendments to the Electronic Communications Delivery PolicyWe are updating our Electronic Communications Delivery Policy to clarify that your consent to receive electronic disclosures under our Electronic Communications Delivery Policy applies to all PayPal branded accounts
https://www.paypal.com/us/webapps/mp...-policies-full
bulk of the text:
AMENDMENTS TO THE PAYPAL ACCOUNT USER AGREEMENT
We are updating the PayPal Account User Agreement for U.S. customers. These changes will go into effect on May 7, 2019. If you agree to these changes, you don’t have to do anything. If you don’t agree with these changes, you may close your account. If you close your account before May 7, 2019, the changes will not apply to you.Amendments to the PayPal Account User Agreement
- We’re removing the flat rate pricing for sending money to friends and family members who have PayPal accounts in a country other than the United States and introducing a new variable fee of 5% based on the amount you send with a minimum of $0.99 and a maximum of $4.99 per transaction. We’re also removing any variation depending on the recipient’s country.
- We are changing the currency conversion spread to 3.25% over a base exchange rate in situations where you are a sender of money in a PayPal transaction.
- We’re changing how we treat refunds. If you refund (partially or fully) a transaction to a buyer or a donation to a donor, there are no fees to make the refund, but the fees you originally paid as the seller will not be returned to you.
AMENDMENTS TO THE PAYPAL USER AGREEMENT AND THE ELECTRONIC COMMUNICATIONS DELIVERY POLICY
We are updating the PayPal Account User Agreement and the Electronic Communications Delivery Policy. These changes will go into effect on March 29, 2019 and apply to U.S. PayPal customers. If you agree to these changes, you don’t have to do anything. If you don’t agree with these changes, you may close your account. If you close your account before March 29, 2019, the changes will not apply to you.Amendments to the PayPal User Agreement for Personal PayPal Accounts
- As a result of a new regulation issued by the Consumer Financial Protection Bureau in Washington, D.C. coming into effect on April 1, 2019, we are making some changes that will affect consumers who want to hold and use balance with PayPal.
If you want to hold and use balance, you will need a balance account which will be linked to your current PayPal account. PayPal will offer two balance accounts: PayPal Cash and PayPal Cash Plus. Information about both types of balance accounts can be found in the PayPal Cash and PayPal Cash Plus Terms and Conditions.
If you are an existing personal PayPal account holder and we have already verified your identity, we will establish and automatically link a PayPal Cash Plus account to your current PayPal account. Information about your PayPal Cash Plus account, including your balance amount, will be easily available using your existing PayPal login.
For all other consumer PayPal account holders, if you want to hold and use balance, in addition to verifying your identity with PayPal, you will need set up a balance account which will be linked to your current PayPal account.
There are no changes to any PayPal fees. - We are also making two other changes: (1) we are changing the time period for providing you with advance notice about important changes to the PayPal Account User Agreement to at least 21 days; and (2) we are clarifying how and when we convert currency.
Amendments to the PayPal User Agreement for Business Accounts
- We are changing the time period for providing you with notice about important changes to the PayPal Account User Agreements to at least 5 days.
- We are clarifying how and when we convert currency.
Amendments to the Electronic Communications Delivery PolicyWe are updating our Electronic Communications Delivery Policy to clarify that your consent to receive electronic disclosures under our Electronic Communications Delivery Policy applies to all PayPal branded accounts
04-16-19, 09:21 PM
#20
Senior Member
@repechage ,, all I am really seeing here is that F&F transactions to foreigners are affected ... It just doesn't affect me I do not buy from individuals overseas . Most of what you are complaining about really doesn't affect most individuals who use paypal . I sell so very little on ebay its not really an issue TBH . If this is an issue for you however , you might consider using crypto currency .
04-16-19, 09:26 PM
#21
Banned.
Are there any other viable alternatives to paypal or ebay? Or, is it a case of "there's Google and then there's everyone else". BTW, I rarely use Google now.
04-16-19, 09:30 PM
#22
Senior Member
actually there are alternatives, Apple pay is a good example .. as is Samsung Pay or Google Pay , take your pic. I use Paypal because I have had a paypal account as long as there has been a Paypal however there are other options and if you do sell on ebay you can just as easily opt to use another payment method its not required to use Paypal that tether was cut a few years ago .
04-16-19, 10:08 PM
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actually there are alternatives, Apple pay is a good example .. as is Samsung Pay or Google Pay , take your pic. I use Paypal because I have had a paypal account as long as there has been a Paypal however there are other options and if you do sell on ebay you can just as easily opt to use another payment method its not required to use Paypal that tether was cut a few years ago .
Another feature of this app is working with cyber currencies thus being very low cost.
Im a long time paypal user and may start using other epayments if this trend continues since I have always maintained a cash balance and dont want to be penalized by actions of bad buyers.
04-17-19, 07:13 AM
#24
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Paypal's a business, and they are in business to make money. They are also a bunch of extremely smart people.
Anyone who thought PP would allow users to send money back and forth to people who clearly are neither friends nor family without cost or recourse was fooling themselves. Surely, they are just as capable of viewing posts from people (not just here, but all over the place) who SELL things and ask SPECIFICALLY for payment via F&F to avoid seller fees. So, yeah, eventually things had to get tightened up.
If'n you don't like to pay, don't play.
Anyone who thought PP would allow users to send money back and forth to people who clearly are neither friends nor family without cost or recourse was fooling themselves. Surely, they are just as capable of viewing posts from people (not just here, but all over the place) who SELL things and ask SPECIFICALLY for payment via F&F to avoid seller fees. So, yeah, eventually things had to get tightened up.
If'n you don't like to pay, don't play.
04-17-19, 09:29 AM
#25
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Interesting to me at least, is that Venmo, another payment service that just happens to be owned by PayPal, does not have all the PayPal fees, yet. I haven't really investigated it, but I should.