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PayPal still charges about a 3-4% + 50 cent fee. Not as large as the exorbitant 30%, but still a lot compared to the tens of cents it costs for IBAN payments in
by derkades 4y ago
PayPal still charges about a 3-4% + 50 cent fee. Not as large as the exorbitant 30%, but still a lot compared to the tens of cents it costs for IBAN payments in the EU
- arp242 4y agoCredit cards charge something similar, I think? Unfortunately not everyone accepts IBAN, and I don't have a credit/debit card at the moment (they're not common here), so PayPal provides an okay solution for now. I pay my Linode VPS with it for example, because that's essentially the only option I have at the moment.
- jeromegv 4y agoSure but PayPal in North America is not competing against EU. It is competing with Square, Stripe, etc, and those fees are quite close to those other companies.
- pragmatick 4y agoThe german antitrust agency recently started an investigation into PayPal because they forbid businesses to offer lower prices to customers which use a different paying method. If they succeed pressure on PayPal might increase if you pay 2% or so less for using a bank payment.