Subject:
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PayPal Changes
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Newsgroups:
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lugnet.market.services
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Date:
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Fri, 6 Oct 2000 17:24:47 GMT
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Viewed:
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1800 times
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Has anyone else noticed that PayPal is really starting to push its Premier and
Business Accounts?
Here are some of the upcoming policy changes:
10/09/2000 No more referral bonuses to personal accounts
10/09/2000 New account holders only get $5 signup bonus with $50 bank transfer
10/09/2000 Reduced initial spending limit for new accounts
10/16/2000 $500 credit card receiving limit every 6 months on Personal Accounts
And what we've all been waiting for:
10/31/2000 International support to 26 countries - free - Yeah!
I suppose PayPal is saying that anyone who takes in more than $500 every 6
months should be considered a business. Ouch.
Have any of you tried any of the competing services? What are your
impressions?
Transact well,
Andreas Stabno
http://www.megsinet.net/~stabno/SimiLego.htm
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Message has 3 Replies:
 | | Re: PayPal Changes
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| In addition to this, X.com now has a $100 average monthly minumum balance. Violators will be charged a $12 (yes, that's correct) monthly account maintenance fee. I'm guessing that in both cases (PayPal and X), people simply aren't keeping the amount (...) (25 years ago, 6-Oct-00, to lugnet.market.services)
| | | Re: PayPal Changes
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| (...) Accounts (...) More like OUCH!!! Here's the fee schedule: ---- Amount of Incoming Payment under $15 $15 to $500 over $500 Credit Card payments 25¢ 1.9% + 25¢ 1.9% + 25¢ Bank Account payments 1.9% 1.9% $9.50 PayPal Balance payments 1.9% 1.9% (...) (25 years ago, 6-Oct-00, to lugnet.market.services)
| | | Re: PayPal Changes
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| (...) Considering that credit card transactions cost money this is reasonable. Ask how many stores don't pay fees every time you use a credit card there (this is one reason many merchants have a minimum charge for credit card purchases - though I (...) (25 years ago, 7-Oct-00, to lugnet.market.services)
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