Paypal .30 non-refundable fee, anyone else got this?
#1
Paypal .30 non-refundable fee, anyone else got this?
I got a payment in late from a buyer after the item had been sold. So as I normally do I just refunded the payment. However, I noticed that all of sudden I had a cancelled transfer on my account do to a negative balance.
puzzled, I looked into this and it appears paypal now charges a .30 fee for all transactions regardless if they are processed or refunded.
anyone else seen this??
puzzled, I looked into this and it appears paypal now charges a .30 fee for all transactions regardless if they are processed or refunded.
anyone else seen this??
#3
Suspended
iTrader: (41)
That's the first I've heard of that. Doesn't surprise me. They make money at every click of the mouse. I received payment in US funds and their "exchange rate" with built in fees makes it less in Canadian than US. Next day I send money in Canadian to US and again "loose" on the exchange.
#6
Tech Champion
iTrader: (165)
PayPal are constantly chaning their policies and I went into their system to check on the refund issue. It seems they now charge a non-refundable fee of $0.30 when you issue a refund. See the response below directly from the PP web site;
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Question: If a refund I send is accepted, are the fees from the original transaction credited to my account?
Answer : You receive credit for your original transaction fees based on the kind of refund you issue.
* When you issue a full refund using the Issue Refund link on the Transaction Details page, we credit your full variable transaction fee (1.9% to 2.9% of the transaction amount).
* When you issue a partial refund, we credit a percentage of the variable transaction fee, based on the amount of the refund.
Fixed fees - $0.30 USD per transaction - are not refundable. To learn more about variable and fixed transaction fees, click Fees at the bottom of any PayPal page.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Question: If a refund I send is accepted, are the fees from the original transaction credited to my account?
Answer : You receive credit for your original transaction fees based on the kind of refund you issue.
* When you issue a full refund using the Issue Refund link on the Transaction Details page, we credit your full variable transaction fee (1.9% to 2.9% of the transaction amount).
* When you issue a partial refund, we credit a percentage of the variable transaction fee, based on the amount of the refund.
Fixed fees - $0.30 USD per transaction - are not refundable. To learn more about variable and fixed transaction fees, click Fees at the bottom of any PayPal page.
#7
Tech Regular
iTrader: (25)
thanks for keying me in on this Cain i had not got hit with it yet but i will make sure to look for alternate transaction places now. these guys are worse than Exxon, even if only 50% of the proclaimed 22million users paid fees of .10 a day they are making 1.1 mil a day... lame anyone know of a alternate pay site other than paypal?
#8
Tech Elite
iTrader: (60)
wow that sucks..... PP is more into making money then offering a service. to expensive now days to use them well it seems it is getting that way!! i am glad once all my items on ebay sell i am done. its going to the dogs ebay raising thier fee's and pp rasing fee's so your losing both ways. and seller raise the prices just to make some sort of profit. as ebay cashes in we are getting the ((SHAFT)) THEY ARE GETTING THE GOLD MINE. i know ebay makes so much mone ywhy the increase on seller fee's and FVF? and PP is owned by Ebay so they are screwing us also.
#9
paypal
now u c why i will never use paypal. its a rip off. and if u ask the buyer to cover the fees. gess what. they wont. so postal money orders. oh u hear that that some states want to start to chargeing taxes on internet sales.? what next.