Subject:
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Re: Change of PayPal fees
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Newsgroups:
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lugnet.market.services
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Date:
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Fri, 1 Mar 2002 22:34:35 GMT
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Viewed:
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2356 times
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In lugnet.market.services, Julie Krenz writes:
> Just discovered this newest update, eff 2-28-02:
> ***
> International Pricing Change
> Notice Date: February 28, 2002
> Effective Date: March 21, 2002
> To comply with credit card association regulations that prohibit a surcharge on
> cardholders,the fee structure for international transactions must be changed.
> Beginning 3/21/02, international buyers will no longer be charged a 2.6% fee to
> send a payment. Instead, a 1% fee will be assessed on Business and Premier
> account holders when they receive a cross-border payment. The 1% cross-border
> fee applies to any payment in which the buyer and seller reside in different
> countries. [The cross-border fee will not currently apply to
> Canadian sellers receiving payments from U.S. buyers.]
1. Typical PayPal behaviour. We'll make it look so cheap and irresistable to the
sender of payments, that the receiver will have choice but to to accept PayPal
(and get clipped in the process). I wonder how PayingFast gets around this. Does
it have something to do with the sender of funds actually buying a money order
rather than sending to the final receipient ?
2. So why is the US sending to Canada not recipricol in the other direction.
Haven't they ever heard of NAFTA ? It would seem that canadian sellers have
an advantage here.
Ray
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Message is in Reply To:
 | | Change of PayPal fees
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| Just discovered this newest update, eff 2-28-02: *** International Pricing Change Notice Date: February 28, 2002 Effective Date: March 21, 2002 To comply with credit card association regulations that prohibit a surcharge on cardholders,the fee (...) (22 years ago, 1-Mar-02, to lugnet.market.services)
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