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PayPal Fee changes

Started by djeberle, 06/07/2009 09:29PM
Posted 06/07/2009 09:29PM Opening Post
Not sure what forum to post this in, but it looks like Paypal has changed their fee structure effective 6/3/09. Here is what I found on the PP Website:

"Section 8 of the user agreement will read as follows:
8. Fees. All fees are in U.S. Dollars unless otherwise stated.

Fees depend on whether you are making a commercial transaction or a personal transaction. A commercial transaction involves buying and selling goods or services, and payments received when you send a “request money” using PayPal. A personal transaction involves sending money to and receiving money from friends and family without making a purchase.

Personal Transactions. Fees depend on the payment source that the sender selects. The amount of the fee will be shown at the time the payment is sent. The Fee is paid by either the sender or the recipient. The sender decides who pays."

With my personal PP acct, I could receive a PP acct balance transfer for a sale and not get an immediate fee deduction, but that is not the case any more. I dont know if a personal PP acct has any benefits now going forward.