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FilthyRaider
regular
Reg'd: Thu
Posts: 490
Loc: It's dark very dark.......
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Had an email from PayPal highlighting some changes. From the email:
Effective from 9 July 2008, PayPal will change its fee structure to make it more attractive for our UK customers to send personal payments. We are pleased to announce that:
* PayPal will not charge a recipient (regardless of their account type) of a PayPal payment if that payment was funded by the sender's bank account or PayPal balance and it is designated a Personal Payment
* PayPal will apply a fee for payments received for Personal Payments or Commercial Payments if such a payment is funded by a credit or debit card, however for Personal Payments funded by a card, the sender will have the option of paying the fees for that payment
* Also, PayPal will no longer require its customers to upgrade from a Personal Account to a Premier or Business Account once it has received a total of £250
The first point is fascinating from a sellers point of view. IF a buyer has money in their PayPal account OR uses their bank account to directly fund the payment, the seller does not incur a fee...........(and is a Personal Payment).
Second point allows the buyer to pay the fee. (Can see that happening - not).
Third is strictly for those of you who suddenly find their account blocked because they have done 'too much'. Finally you can run a Personal Account for longer and not have a £250 limit.
Trying to digest it all, but as a comparison fees on PayPal run from 3.4% to 1.4% with a 20p fee. (These are Merchant rates). These will be 2.9% to 1.4% from 9th July with a 20p fee for GB transactions and a range of charges for 'cross border'.
So some compromise from PayPal, but as we have said in the other thread lower down - they now have a 100% monopoly on eBay in that sellers HAVE to use PayPal as an option.
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I loved my grandmother very much.......and she fetched a good price on eBay.
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putasolutions
regular
Reg'd: Tue
Posts: 11978
Loc: Infinity and beyond
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Is it possible to return to a standard account from Premier on Paypal?
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"Only the stupid don't ask questions."
My piccies
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FilthyRaider
regular
Reg'd: Thu
Posts: 490
Loc: It's dark very dark.......
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One bit on PayPal Help say that to change account you need to log in and deal with PayPal customer services (that was for changing a Business to a Premier).
Another says it is possible to have a different type of PayPal account in addition to the one you have, BUT you must have a different email, bank account and credit card for each one.
Out of interest: Why would you want to downgrade?
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I loved my grandmother very much.......and she fetched a good price on eBay.
Edited by FilthyRaider (Sat Jun 14 2008 09:45 AM)
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putasolutions
regular
Reg'd: Tue
Posts: 11978
Loc: Infinity and beyond
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I'll be damned if I pay their thieving rates for the very little trading I do do
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"Only the stupid don't ask questions."
My piccies
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abbafan1972
regular
Reg'd: Fri
Posts: 1484
Loc: Birmingham, United Kingdom
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Quote:
Is it possible to return to a standard account from Premier on Paypal?
From past experience you are only allowed to downgrade once. If you upgrade the account to a premier again, it has to stay that way. Not sure if this rule has changed though.
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Dell Inspiron 1720 running Vista Home Premium, Sky 8MB Broadband, Firefox 3.0.1, Thunderbird 2.0.0.14
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