''PayPal Digital Payments: For PayPal payment products (such as PayPal Checkout, Pay with Venmo, PayPal Credit, Pay in 4, PayPal Pay with Rewards, Checkout with crypto), which include Seller Protection on eligible transactions, the rate for online transactions will be 3.49% + $0.491 per transaction.'' The large fee increase is for PayPal Digital Payments (e.g., PayPal Checkout, Pay with Venmo, PayPal Credit, Pay in 4, PayPal Pay with Rewards, Checkout with crypto). For certain in-person debit and credit transactions the rate will be 2.29% + $0.09.'' ''In-person Payments: For PayPal and Venmo QR code transactions over $10, the rate will be 1.90% + $0.10, and for such transactions $10 and under, the rate will be 2.40% + $0.05. In addition, it appears that the in person payment rates might also be lower, or nearly unchanged. Rather than signing up for, or using a PayPal account, with PayPal setup as my sole payment gateway, the majority of my customers checkout using a credit or debit card. ''Credit and Debit Card payments: Online credit and debit card transactions will be 2.59% + $0.491 per transaction without Chargeback Protection, or 2.99% + $0.49 with Chargeback Protection.'' Upon reviewing the JUpcoming Changes for Some US Businesses posted in the PayPal Newsroom that Ina kindly provided a link to, I suddenly realized the my fees will actually decrease if not opted into Charge-Back Protection, or very negliably increase if opted in. If I have to use Paypal I will definitely pass the increased cost on to the customer, but will now offer the use of Stripe as my first payment option.Īny ideas how soon Ebay suddenly matches or comes very close to matching this price increase? They never have an original idea, at least not any that are worth their weight in salt, but with desperation having set in with them I look for Mangled Payments to have a similar announcement very shortly. I will admit I have truly enjoyed the ease of using Paypal but personally I feel that is to hefty of an increase to shove on Sellers all at once, especially the increase of almost 50% on the transaction fees. I already have a stripe account and can seem myself moving more and more of my business to that option as I feel this increase is truly being made because of losing Ebays business and getting into the cryptocurrency business. PayPal Raises Rates and Offers Chargeback Protection for a Fee
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