PayPal charge for refund 2.9%

Levi

Probably there was a thread for that news, but again:

https://www.techspot.com/news/79545-paypal-new-refund-policy-has-sellers-up-arms.html

Also, transferring money to another country will no longer have a flat fee, instead PayPal are introducing a variable fee of 5%, with a minimum and maximum cost of $0.99 and $4.99, respectively.

PayPal has said that anyone who disagrees with any of their new terms is free to close their account.

These suckers are going into war with their clients, literally.

cociu

LTniger said: These suckers are going into war with their clients, literally.

monopol ?

Chuck

Levi

@cociu said:

LTniger said: These suckers are going into war with their clients, literally.

monopol ?

Sad reality. Musk made PayPal and it skyrocketing till today.

Wolf

Guess it’s time for sellers to give discounts on alternative payment methods. Don’t see the big problem here.

Make it clear on your website why you have chosen to make the discount unavailable to PayPal and most will go for the lower price in the end.

Tons of bad storys out there about frozen and locked accounts.

cociu

Wolf said: Guess it’s time for sellers to give discounts on alternative payment methods. Don’t see the big problem here.

lol , or time to increase the service price no ?

tetech

LTniger said: These suckers are going into war with their clients, literally.

Do you mean they are shooting them, or that you don't understand what "literally" means?

cybertech

Will PayPal rank u lower or make problems if u offer discount on other mode of payment?

Levi

cybertech said: Will PayPal rank u lower or make problems if u offer discount on other mode of payment?

It's against their rules to denounce them in favor of competitors. They will put hold on you. Be very careful.

vimalware

@LTniger said:

cybertech said: Will PayPal rank u lower or make problems if u offer discount on other mode of payment?

It's against their rules to denounce them in favor of competitors. They will put hold on you. Be very careful.

Any lawyers here who can comment on the legality of this TOS?
It doesn't seem very free market to me

Yura

Too Big To Fall.

They are just accelerating their demise.

ricardo

Put it back where it belongs 'alternative payment methods'.

Tion

@Yura said:
Too Big To Fall.

The bigger retail companies are already a step ahead of the digital market and are looking into alternatives such as Masterpass. It's small online shops and the digital market which fails to transit to alternatives after the whole crypto payment market went poof due to unpredictability of cryptocurrency.

Adam1

LTniger said: It's against their rules to denounce them in favor of competitors. They will put hold on you. Be very careful.

One way around this is to offer a voucher code, "valid when paying with stripe/whatever" with no mention of paypal.

Lee

Misleading title, they are not charging for refunds, what they are doing is not refunding the commission on a completed sale if for whatever reason all or part of the sale is refunded. The flat fee element was never refundable.

cociu said: lol , or time to increase the service price no ?

For hosting, if you need to increase the price due to this change it more likely means you refund often, that is more about your business model not working.

Yura

@Tion said:

@Yura said:
Too Big To Fall.

The bigger retail companies are already a step ahead of the digital market and are looking into alternatives such as Masterpass. It's small online shops and the digital market which fails to transit to alternatives after the whole crypto payment market went poof due to unpredictability of cryptocurrency.

I like the attitude and premise of your message but I see this differently.

Masterpass was a broken mess last time I used it. I don't know how MasterCard could mess up so much the only thing they do, but let's assume they sorted bugs out since then.

Volatility of cryptocurrency is the excitement and danger for investors and those who use crypto for crypto sake as a replacement for fiat. If you use crypto as transaction means it's volatility plays little role since it's only a transport. There are different challenges like legal acceptance, ease of use and more but long term change of prices is not one of them.

Even ebay is getting rid of Paypal, so they are desperate to milk market while they still have it.

Tion

@Yura said:
Volatility of cryptocurrency is the excitement and danger for investors and those who use crypto for crypto sake as a replacement for fiat. If you use crypto as transaction means it's volatility plays little role since it's only a transport. There are different challenges like legal acceptance, ease of use and more but long term change of prices is not one of them.

We dropped Crypto after testing it for 3 months. Too much of a pain in the ass to handle and it was easier for us to get customers to register with new services such as Massterpass by offering coupons then to hope the customers gets bitcoins from god knows where to pay us not to mention to turn all that stuff back into fiat to pay bills and taxes.

404error

@Wolf said:
Guess it’s time for sellers to give discounts on alternative payment methods. Don’t see the big problem here.

Make it clear on your website why you have chosen to make the discount unavailable to PayPal and most will go for the lower price in the end.

Tons of bad storys out there about frozen and locked accounts.

That's against PayPal TOS.

lukehebb

@404error said:

@Wolf said:
Guess it’s time for sellers to give discounts on alternative payment methods. Don’t see the big problem here.

Make it clear on your website why you have chosen to make the discount unavailable to PayPal and most will go for the lower price in the end.

Tons of bad storys out there about frozen and locked accounts.

That's against PayPal TOS.

This is also illegal in the EU under PSD2

Ympker

@Wolf said:
Guess it’s time for sellers to give discounts on alternative payment methods. Don’t see the big problem here.

Make it clear on your website why you have chosen to make the discount unavailable to PayPal and most will go for the lower price in the end.

Tons of bad storys out there about frozen and locked accounts.

Well I think that would make it more appealing than making PayPal 150% the price like 1Fichier does iirc (which scared some clients away).

KuJoe

Tion said: not to mention to turn all that stuff back into fiat to pay bills and taxes.

This is all handled automatically by most payment processors like BitPay and Stripe. We have a lot of clients who pay with bitcoin but we've always converted it to USD during payment instead of actually accepting the bitcoins.

SirFoxy

@KuJoe said:

Tion said: not to mention to turn all that stuff back into fiat to pay bills and taxes.

This is all handled automatically by most payment processors like BitPay and Stripe. We have a lot of clients who pay with bitcoin but we've always converted it to USD during payment instead of actually accepting the bitcoins.

Same here amigo don't want a market crash phucking with my dinero

bap

PeePal?

cybertech

@LTniger said:

cybertech said: Will PayPal rank u lower or make problems if u offer discount on other mode of payment?

It's against their rules to denounce them in favor of competitors. They will put hold on you. Be very careful.

this is real troublesome considering the fees they charge