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I think it's part of a general price increase we have/will shortly see everywhere. Although I'm expecting it in many areas, it's still crazy how steep the rise
by kerng 5y ago
I think it's part of a general price increase we have/will shortly see everywhere. Although I'm expecting it in many areas, it's still crazy how steep the rise is.
- gruez 5y agoYou mean because of inflation? That wouldn't explain why the % part of the fee is increasing.
- an_opabinia 5y agoYeah, the poster doesn't know what they're talking about. Also, App Store-like fees have been declining in the last two years.
- weird-eye-issue 5y agoHow did you arrive at that conclusion?
- gruez 5y agoThe "inflation" bit, or the "percentage shouldn't go" up bit?
- weird-eye-issue 5y agoTheir costs don't necessarily have to go up linearly. So it isn't a given that they don't need to increase the percent. That would only happen in a perfect world.
- ceejayoz 5y agoThe % part is probably rising because of the increase in credit card rewards. 2% cash back on everything, 4-5% on travel and restaurants and groceries… all paid for by increasing interchange fees. The Visa Signature, Visa Infinite, and MasterCard World Elite cards have approached Amex in fees. Fixed-rate processors like PayPal and Stripe are getting squeezed here.
- bostonsre 5y agoShouldn't inflation cause money to have less buying power which would mean prices increase? If so, PayPal wouldn't need to change their percentage to adjust for inflation.
- BuyMyBitcoins 5y agoIndeed, charging a percent fee on every transaction is inflation proof. I could see the flat rate going up due to inflation but to increase both looks like PayPal is just being greedy.
- deleted 5y ago[deleted]
- kerng 5y agoEveryone will try via various means to get a piece of the multi trillion dollar pie the US is creating.