Mon Feb 13, 2017 4:25 am
Using PayPal is apparently going to cut more into our profits now.
They changed several policies. You can read about them here:
But the most significant to most people will probably be:
The fee for currency conversion is jumping from 2.5 to 3.0 percent over PayPal's bank exchange rate. The standard transaction fee for sellers selling goods or services online to buyers outside the US increases from 3.9 to 4.4 percent, and non-US store transaction fees jump from 3.7 to 4.2 percent.
So they take a bigger cut to our bottom line if you use them.
Too bad most people trust them most because I would love to find a better alternative! How about you?