paypal has increased fees

Discussion in 'General Discussion' started by marshall dusty, Aug 9, 2009.

  1. marshall dusty

    marshall dusty Well-Known Member

    Joined:
    Aug 7, 2007
    Posts:
    2,569
    News Credits:
    13
    Trophy Points:
    166
    Likes:
    +13
    Hey y'all saw this article originally on digg.com

    Paypal adds new fees with no notice
    though this blog post sounds a little confusing and also sounds like the fees already being issues, the link below is a little more clearer.

    and the article within the article
    PayPal Adds Fees, Sneakily - PC World

    apparently this affect personal accounts only, used to be a free service.

    just wanted to let you know about this for our junkion buyers/sellers.

    mods if this is the wrong spot to put it in, please move it.
     
  2. soundwaveCA

    soundwaveCA Veteran

    Joined:
    Jul 4, 2002
    Posts:
    13,862
    News Credits:
    2
    Trophy Points:
    266
    Likes:
    +2
    Not really Transformers related so off to GD :) 
     
  3. grimlock1972

    grimlock1972 "No Mas" My Wallet

    Joined:
    Apr 20, 2009
    Posts:
    18,187
    News Credits:
    2
    Trophy Points:
    262
    Likes:
    +53
    oh lovely , well good to know and pay pal did not announce because they know it would cause a massive sh*tstorm , well pay pal there is a storm a comming!
     
  4. Cruellock

    Cruellock Disney Villain

    Joined:
    Feb 14, 2004
    Posts:
    4,857
    Trophy Points:
    186
    Likes:
    +0
    Oh joy.. And I was planning on selling something rather expensive soon.
     
  5. butz

    butz slippery when wet

    Joined:
    Dec 18, 2003
    Posts:
    6,904
    Trophy Points:
    211
    Likes:
    +0
    Well thats just lovely of them. They probably have a disclaimer about not having to notify people of changes like this when they sign up, but still.
     
  6. Covenant

    Covenant Mr. Roboto in Disguise

    Joined:
    Aug 29, 2005
    Posts:
    1,574
    Trophy Points:
    161
    Likes:
    +0
    Ebay:
    And that's why I gave the finger to ebay & PayPal. :)  This may be a most recent move, but it's hardly the first time.
     
  7. GrantB

    GrantB Drink it

    Joined:
    Oct 15, 2007
    Posts:
    1,556
    News Credits:
    1
    Trophy Points:
    136
    Likes:
    +1
    Y'all should check out https://www.revolutionmoneyexchange.com/ as an alternative to PayPal.

    It allows free transfers from account to account, and it's a real honest FDIC-insured bank. I've had an account for a long time, but no one else uses it.

    Do some Googling, and you'll find that these guys are totally legit. Unfortunately, because it's a real FDIC bank, you need to give them a little more info about yourself to sign up, and I'm not sure if non-USA citizens can use it.
     
  8. Robogeek28

    Robogeek28 Who're you calling a geek?

    Joined:
    Jul 18, 2002
    Posts:
    25,311
    News Credits:
    13
    Trophy Points:
    357
    Likes:
    +593
    I can't wait until all my stuff is sold so I don't hafta worry about selling anymore , I end up eating the fees now as it is.:banghead: 
     
  9. megamus

    megamus Overworked and Underpaid Veteran

    Joined:
    Feb 28, 2003
    Posts:
    4,332
    News Credits:
    2
    Trophy Points:
    216
    Likes:
    +2
    I noticed this about a month ago. I called paypal and asked why I was being charged? After a long debate and going to a supervisor I finally got the excuse that they were losing money because people were using a balance. I actually got this answer from someone who works for paypal!!! They actually admitted that no other reason than they wanted to make money. The truth a big shock!! In any case, since then I have been doing things as normal and just having people send the money as a gift. I do not like paypal but have to use their service. I already pay enough when I use ebay so I feel enough of my money is going to paypal. Think about all the fees you are charged when you post something on EvilBay. Somewhere between 15-20%. That can add up really quick. I do my best to conduct business on the boards for more than just the fees but if money is important to you then that is a good reason. Avoid ebay, trade / sell on the boards. Not to mention, I've had problems with buyers on EvilBay but NEVER on the boards. Also, you would hopefully be helping out other members. I know I'm getting off topic but yeah send money as a gift and keep the fee.
     
  10. MushroomPrime

    MushroomPrime ******

    Joined:
    Jul 2, 2008
    Posts:
    3,822
    News Credits:
    3
    Trophy Points:
    151
    Likes:
    +3
    Meh, I guess I'll charge a buck or two more so I won't lose my target profit.
     
  11. PorkChopKB

    PorkChopKB Bay Harbor Butcher

    Joined:
    Aug 7, 2008
    Posts:
    2,075
    News Credits:
    1
    Trophy Points:
    151
    Likes:
    +1
    I have a revolution money account too and it works fine. the only problem is finding others who have it too. I received 100.00 as a free sign up bonus abour a year or so ago. I had to register a bank account and credit card with them at that time to get it. I recommend them.
     
  12. MetalRyde

    MetalRyde is an a-hole with a heart.

    Joined:
    Dec 30, 2007
    Posts:
    12,982
    Trophy Points:
    232
    Location:
    Oklahoma City, Oklahoma
    Likes:
    +63
    wait... does this mean i be losing a couple of bucks when i donate to TFW?
     
  13. ginrai

    ginrai lost with no way home.

    Joined:
    Jul 1, 2002
    Posts:
    1,026
    Trophy Points:
    161
    Likes:
    +0
    nothing personal cause I know you gotta eat too..


    Bank adds fees to where previously were none.. Merchants increase price to compensate for extra fees.. Consumers money doesn't stretch as far so they buy less from the Merchants.. Merchants sell fewer items they have to pay fees on.. Bank adds more fees to make up for projected and undelivered revenue.. and the whole cycle repeats itself..
     
  14. mineraljane

    mineraljane Gravity Hugger

    Joined:
    May 12, 2007
    Posts:
    2,599
    News Credits:
    2
    Trophy Points:
    151
    Likes:
    +2
    Well, it seems that if the person chooses the "personal" tab and "gift" then fees aren't charged for personal accounts. Of course, the default is "purchase" and if left that way, a fee will be charged. Really lame anyhow as now I have to explain that to people when they send funds to that account.
     
  15. GrantB

    GrantB Drink it

    Joined:
    Oct 15, 2007
    Posts:
    1,556
    News Credits:
    1
    Trophy Points:
    136
    Likes:
    +1
    The problem is that you are technically defrauding PayPal when you mark your purchases dishonestly. This means that PayPal can justify freezing your account because you are violating their terms of service. (As if PayPal needs more excuses to do that.)

    If a deal goes bad, a buyer can totally bone you if he can forward an email to PayPal in which you are directing him to mark purchases as something else.
     
  16. GrantB

    GrantB Drink it

    Joined:
    Oct 15, 2007
    Posts:
    1,556
    News Credits:
    1
    Trophy Points:
    136
    Likes:
    +1
    $100! Damn! I only got $25 when I signed up a few years ago. They used to have a pretty neat referral program. I wonder if they still have a bonus program of some kind.

    I would love it if Revolution MoneyExchange would get critical mass around here. FREE TRANSFERS. NO FEES. A REAL BANK. WE SHOULD ALL START USING IT AROUND HERE.
     
  17. marshall dusty

    marshall dusty Well-Known Member

    Joined:
    Aug 7, 2007
    Posts:
    2,569
    News Credits:
    13
    Trophy Points:
    166
    Likes:
    +13
    i'll have to look into it. i'd definitely switch. paypal needs a huge competitor. though i'm not familiar, RME should be put on the map.
     
  18. Orion_Prime48

    Orion_Prime48 Super Sentai Purist

    Joined:
    Dec 18, 2007
    Posts:
    8,355
    News Credits:
    3
    Trophy Points:
    176
    Likes:
    +3
    and thats why when you buy/send money through them you classify it as personal/gift it negates all fees.
     
  19. Embryoyo

    Embryoyo Destron

    Joined:
    Apr 17, 2009
    Posts:
    1,002
    Trophy Points:
    126
    Likes:
    +0
    Don't they make enough money? Soon I guess ebay will increase some other fee for some bullshit reason...
     
  20. GrantB

    GrantB Drink it

    Joined:
    Oct 15, 2007
    Posts:
    1,556
    News Credits:
    1
    Trophy Points:
    136
    Likes:
    +1
    This is not a solution.

    As I said earlier, from PayPal's perspective, marking a purchase as something else can be construed as violating PayPal's rules and gives them cause to freeze your account (and deny you access to any of your money that may be in it).

    All it takes is one disgruntled buyer to turn you in -- "he made me mark this as a personal payment even though I bought this thing from him and he ripped me off." Doesn't matter if he's lying or not, PayPal usually sides with the buyer anyway, and doubly so if they think you're depriving them of fees that, by their rules, you should be paying.
     

Share This Page