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I have seen absolutely zero coverage about this change so I wanted to make sure people knew about it. The change seems to have happened on August 2nd according
by kaslai 5y ago
I have seen absolutely zero coverage about this change so I wanted to make sure people knew about it. The change seems to have happened on August 2nd according to archive.org [1]. I checked my PayPal records to verify this was true and sure enough I've been paying the higher rate in fees starting after July.
[1] https://web.archive.org/web/20210727095034/https://www.paypal.com/us/webapps/mpp/merchant-fees https://web.archive.org/web/20210727095034/https://www.paypa...
- PikachuEXE 5y agoThanks for your effort!
- collectedparts 5y agoThey technically announced it [1], but I agree that it got next to no coverage. Presumably they deliberately "silently" put the announcement on their blog without circulating it to news outlets. HN discussion at the time [2]. [1] https://newsroom.paypal-corp.com/2021-06-18-Upcoming-Changes-for-Some-US-Businesses https://newsroom.paypal-corp.com/2021-06-18-Upcoming-Changes... [2] https://news.ycombinator.com/item?id=27560616 https://news.ycombinator.com/item?id=27560616
- kaslai 5y agoAh, thank you for the links. I searched prior to posting but the title on [2] is very non-descript. I was expecting a lot more outrage considering the size of this hike is pretty massive for merchants that process a lot of smaller transactions.
- tristor 5y agoI have a merchant account with PayPal for my side business. I received an email notifying me of the change. I presume this is legally required for this sort of change to the terms.