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since ‎Sep-20-2019
alt321
alt321 Contributor
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Re: Is anyone else shocked at Paypal's new refund ...

by alt321 Contributor in PayPal Basics Archives
‎Sep-22-2019 07:55 AM
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‎Sep-22-2019 07:55 AM
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Found on this twitter user's account:  https://twitter.com/seanwes/status/1174826338202640385/photo/1 ... View more

Re: Is anyone else shocked at Paypal's new refund ...

by alt321 Contributor in PayPal Basics Archives
‎Sep-20-2019 12:19 PM
1 Kudo
‎Sep-20-2019 12:19 PM
1 Kudo
This isn't how the email read. How certain are we that Paypal will not be keeping the larger portion of the fees they receive? E.g.... Let's say a domestic US customer pays a US vendor $100 for a product.  Paypal keeps $0.30 plus $3 (3%) of the money -- $3.30, and sends us $96.70. Then let's say, with the current policy, the customer requests a refund, we give back $96.70, and paypal gives the customer back $3.30, refunding their $100.  Then neither paypal nor we receive anything, or, are "out" anything. The email about the new policy I received "feels" or reads as if we would be refunding $100, and paypal would keep $3.30. Is that an inaccurate reading?  I.e., if the only change is that I'll now be incurring $0.30 even on refunded transactions, then... this really isn't that big a deal. Which is it? Thanks,  alt321 ... View more

Re: SELLERS NOW HAVE TO PAY PAYPAL FOR REFUNDS ???...

by alt321 Contributor in Transactions
‎Sep-20-2019 12:14 PM
2 Kudos
‎Sep-20-2019 12:14 PM
2 Kudos
I will definitely be pushing alternative payment methods -- e.g. Square.  Paypal just got rid of one of the FEW reasons to stay with them. They'd better reverse this disastrous business decision.  Because this is definitely enough to send customers elsewhere. Like me. ... View more
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