More Fee Increases in August 2019?

[Roverdog]

Just received an email that I am hoping is a fake.. Saying the 20p per transaction is going up to 30p in August??????

For low value product businesses this is quite an astonishing decision....

True or Fake email?

16th August 2019 the email says

[sharpiemarker · Accepted solution]

@Roverdog 

See: https://www.paypal.com/uk/webapps/mpp/ua/upcoming-policies-full?locale.x=en_GB

A4.6 Fixed Fees for Commercial Transaction payments and Personal Transaction payments (unless otherwise stated) are based on the currency in which the payment is received, as follows:

Currency:	Fee:	Currency:	Fee:
Australian Dollar:	0.30 AUD	New Zealand Dollar:	0.45 NZD
Brazilian Real:	0.60 BRL	Norwegian Krone:	2.80 NOK
Canadian Dollar:	0.30 CAD	Philippine Peso:	15.00 PHP
Czech Koruna:	10.00 CZK	Polish Zloty:	1.35 PLN
Danish Kroner:	2.60 DKK	Russian Ruble:	10.00 RUB
Euro:	0.35 EUR	Singapore Dollar:	0.50 SGD
Hong Kong Dollar:	2.35 HKD	Swedish Krona:	3.25 SEK
Hungarian Forint:	90.00 HUF	Swiss Franc:	0.55 CHF
Israeli New Shekel:	1.20 ILS	New Taiwan Dollar:	10.00 TWD
Japanese Yen:	40.00 JPY	Thai Baht:	11.00 THB
Malaysian Ringgit:	2.00 MYR	U.K. Pounds Sterling:	0.20 GBP (payable by Irish users) 0.30 GBP (payable by all other users)
Mexican Peso:	4.00 MXN	U.S. Dollar:	0.30 USD

On further immediate notice published by PayPal on the Policy Updates page (accessible via the Legal footer on most PayPal site pages) on or after August 19, 2019 (as PayPal may determine in its sole discretion), the Fixed Fee for Commercial Transaction payments and Personal Transaction payments for payments received in GBP will increase to 0.30 GBP for Users registered in Ireland. 

[TheRoverdog]

Wow it's true. Thats going to be in final nail in our business coffin sadly. What an increase. Wow. Any business selling on ebay any goods under £5 that's going to totally destroy them. And the corporations continue to boom. What a tragic state of affairs retail is in moving into 2020...

[TheRoverdog]

Thanks for help anyway. Just such a shame paypal continue to use and abuse small businesses. It's corporate greed at a monstrous level. Sad really. Just sad.