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Huge fees

Contributor

Huge fees

Hello. All international money transfer solutions have reduced fees but I see PayPal has constantly increased the fees and now I see a fee on my last payment of more than 5,4% ??? 5,43% to be exact!! That is huge and I will probably have to find another provider soon and quit using PayPal. It's outrageous.

4 REPLIES 4
Esteemed Advisor

Re: Huge fees

@Promettheus 

 

Yep lots of payment processors out there but personally as a buyer i prefer sellers that offer paypal for that buyer protection.

So when i sell thats why i offer it, if i get more buyers then that offsets the higher costs.

But you must choose what works for you.


Advice is voluntarily given.
Kudos / Solution appreciated if I helped you.
Contributor

Re: Huge fees

I am just transferring money for my family.

Esteemed Advisor

Re: Huge fees

@Promettheus 

 

ok then much cheaper if you fund it from funds in your paypal balance OR bank account, if you use a card fees are much higher.


Advice is voluntarily given.
Kudos / Solution appreciated if I helped you.
Contributor

Re: Huge fees

In current economic environment with low rates everywhere in the world, the 5,43% fee is waaay too much.

I am investigating Google Pay and Revolut.com

If PayPal wont revert the huge fees to previous state - that was big but manageable, I guess we will have to move to another provider.