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| | | Author: | Teup  | | Posted: | Aug 5, 2019 10:28 | | Subject: | Massive PayPal fee increase 21 october | | Viewed: | 430 times | | Topic: | Selling | |
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| Just got a message from PayPal they're updating their terms.
Not sure how it turns out for other countries, but here there's going to
be a fee increase of a whopping 38% of the variable cost on transactions from
the NL to most of the rest of the world. It's going from 3.9% to 5.4%. That's
pretty huge.For me that's a lot of money per month, for no extra service.
I'm glad I'll soon have my own webshop with a better payment option that
Bricklink with its empty cockpit is never going to implement..
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| | | | | Author: | StarBrick | | Posted: | Aug 5, 2019 14:56 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 111 times | | Topic: | Selling | |
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| In Selling, Teup writes:
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I'm glad I'll soon have my own webshop with a better payment option that
Bricklink with its empty cockpit is never going to implement..
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Gonna watch that!!
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| | | | | Author: | StarBrick | | Posted: | Aug 5, 2019 15:01 | | Subject: | Re: PayPal fee increase 21 october - currency fee? | | Viewed: | 114 times | | Topic: | Selling | |
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| PP:
Opmerking: Internationale betalingen in euro of Zweedse kronen tussen rekeningen
die zijn geregistreerd in de Europese Unie of de Europese Economische Ruimte,
worden behandeld als betalingen voor binnenlandse commerciële transacties bij
het toepassen van kosten.
So Inter EEU payments are regarded as intern transactions.
The 21-10-2019 change effects the currency conversion, not the fees for transactions.
Ask your customers to pay in the right currency and there is no fee to be calculated
or am I missing something here?
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| | | | | Author: | Pippyblocks | | Posted: | Aug 5, 2019 15:04 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 123 times | | Topic: | Selling | |
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| It's 3.4% plus 20p fixed here n the UK at the moment. Do you have a link
to that?
In Selling, Teup writes:
| | Just got a message from PayPal they're updating their terms.
Not sure how it turns out for other countries, but here there's going to
be a fee increase of a whopping 38% of the variable cost on transactions from
the NL to most of the rest of the world. It's going from 3.9% to 5.4%. That's
pretty huge.For me that's a lot of money per month, for no extra service.
I'm glad I'll soon have my own webshop with a better payment option that
Bricklink with its empty cockpit is never going to implement..
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| | | | | | | Author: | Teup | | Posted: | Aug 5, 2019 16:01 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 119 times | | Topic: | Selling | |
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| In Selling, Pippyblocks writes:
| | It's 3.4% plus 20p fixed here n the UK at the moment. Do you have a link
to that?
In Selling, Teup writes:
| | Just got a message from PayPal they're updating their terms.
Not sure how it turns out for other countries, but here there's going to
be a fee increase of a whopping 38% of the variable cost on transactions from
the NL to most of the rest of the world. It's going from 3.9% to 5.4%. That's
pretty huge.For me that's a lot of money per month, for no extra service.
I'm glad I'll soon have my own webshop with a better payment option that
Bricklink with its empty cockpit is never going to implement..
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@Starbrick and Pippyblocks:
Here it is, in Dutch though, but in section two it lists the costs of receiving
commercial transactions:
https://www.paypal.com/nl/webapps/mpp/ua/upcoming-policies-full?locale.x=nl_NL&utm_source=epsilon&utm_campaign=A_EP_EMEALC_201908_19815_Legal_Updates_NL_6month_nl&utm_medium=email
These percentages (0.5% and 2%) are added on top of the default domestic rate
which is 3.4% here. So it means that for most countries the total becomes 5.4%.
Not a competitive rate at all if you ask me. If the profit on €20 turnover is
€10, that means that of every ten euros of profit, one spills over the bucket.
I wonder what planet PayPal is living on..
So this is the Dutch situation. For other countries, perhaps you can edit this
URL or find it somewhere on the PayPal website.
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| | | | | | | Author: | WhiteHorseMatt | | Posted: | Sep 13, 2019 08:13 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 68 times | | Topic: | Selling | |
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| In Selling, Pippyblocks writes:
| | It's 3.4% plus 20p fixed here n the UK at the moment. Do you have a link
to that?
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Hasn't this changed to 2.9% + 30p?
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| | | | | | | | | Author: | yorbrick | | Posted: | Sep 13, 2019 09:48 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 55 times | | Topic: | Selling | |
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| In Selling, WhiteHorseMatt writes:
| | In Selling, Pippyblocks writes:
| | It's 3.4% plus 20p fixed here n the UK at the moment. Do you have a link
to that?
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Hasn't this changed to 2.9% + 30p?
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They are both correct, depending on exactly how a buyer pays.
This is the difference between paypal checkout and website payments standard.
I think on instant checkout / onsite payments, we get the 2.9% + 30p rate.
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| | | | | | | | | | | Author: | runner.caller | | Posted: | Sep 13, 2019 10:10 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 40 times | | Topic: | Selling | |
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| In Selling, yorbrick writes:
| | In Selling, WhiteHorseMatt writes:
| | In Selling, Pippyblocks writes:
| | It's 3.4% plus 20p fixed here n the UK at the moment. Do you have a link
to that?
|
Hasn't this changed to 2.9% + 30p?
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They are both correct, depending on exactly how a buyer pays.
This is the difference between paypal checkout and website payments standard.
I think on instant checkout / onsite payments, we get the 2.9% + 30p rate.
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US to US transactions are 2.9% + $0.30USD.
That's annoying that UK has to pay 2.9% + 30p (it'd be like 2.9% + $0.37USD).
How's that fair for those across the pond to have to pay extra $0.07 converted
per transaction?
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| | | | | | | | | | | | | Author: | Teup | | Posted: | Sep 13, 2019 10:19 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 40 times | | Topic: | Selling | |
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| In Selling, runner.caller writes:
| | In Selling, yorbrick writes:
| | In Selling, WhiteHorseMatt writes:
| | In Selling, Pippyblocks writes:
| | It's 3.4% plus 20p fixed here n the UK at the moment. Do you have a link
to that?
|
Hasn't this changed to 2.9% + 30p?
|
They are both correct, depending on exactly how a buyer pays.
This is the difference between paypal checkout and website payments standard.
I think on instant checkout / onsite payments, we get the 2.9% + 30p rate.
|
US to US transactions are 2.9% + $0.30USD.
That's annoying that UK has to pay 2.9% + 30p (it'd be like 2.9% + $0.37USD).
How's that fair for those across the pond to have to pay extra $0.07 converted
per transaction?
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3.4% + €0.35 for domestic transactions here. Transactions from the US are currently
3.9% or so, and will be 5.4% next month. It all seems just like completely
random numbers to me. I will give them a call soon because I'm curious what
motivates these increases..
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| | | | | | | | | | | | | Author: | axaday | | Posted: | Sep 13, 2019 10:22 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 39 times | | Topic: | Selling | |
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| In Selling, runner.caller writes:
| | US to US transactions are 2.9% + $0.30USD.
That's annoying that UK has to pay 2.9% + 30p (it'd be like 2.9% + $0.37USD).
How's that fair for those across the pond to have to pay extra $0.07 converted
per transaction?
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The solution would be difficult. Yes, a pence has been worth more than a penny
for a long time if not always. But they change every day. To make it FAIR,
they would have to change the fee structure on a regular basis. I wouldn't
want that noise.
The actual reason might be that credit cards in the UK charge PayPal more for
the transaction and they have to pass that on. If that is the case, it seems
perfectly fair.
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| | | | | | | | | | | | | | | Author: | Teup | | Posted: | Sep 13, 2019 10:31 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 45 times | | Topic: | Selling | |
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| In Selling, axaday writes:
| | In Selling, runner.caller writes:
| | US to US transactions are 2.9% + $0.30USD.
That's annoying that UK has to pay 2.9% + 30p (it'd be like 2.9% + $0.37USD).
How's that fair for those across the pond to have to pay extra $0.07 converted
per transaction?
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The solution would be difficult. Yes, a pence has been worth more than a penny
for a long time if not always. But they change every day. To make it FAIR,
they would have to change the fee structure on a regular basis. I wouldn't
want that noise.
The actual reason might be that credit cards in the UK charge PayPal more for
the transaction and they have to pass that on. If that is the case, it seems
perfectly fair.
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I think these are just numbers made up by PayPal as part of their business model
and not related to what's "fair" for us.. it's supply and demand. Here
in the NL people very rarely have credit cards and drawing funds from a bank
account should be free, but still they ask 3,4%, so I guess the fees are not
based on their costs but rather on optimal profit for them.
It's happening now too with this food delivery platform. First they were
cheap and convinced a lot of consumers to use it, now that they're settled,
they're increasing their fees for restaurants (I think to some 10% of the
order value). Restaurants are very upset about it and going to court but guess
that's the way it is. They can only go and switch to alternative platforms,
that are popping up now because of the increase.
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| | | | | | | | | | | | | | | | | Author: | SylvainLS | | Posted: | Sep 13, 2019 12:48 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 63 times | | Topic: | Selling | |
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| In Selling, Teup writes:
| | […]
I think these are just numbers made up by PayPal as part of their business model
and not related to what's "fair" for us.. it's supply and demand. Here
in the NL people very rarely have credit cards and drawing funds from a bank
account should be free, but still they ask 3,4%, so I guess the fees are not
based on their costs but rather on optimal profit for them.
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I don’t know why people still believe there’s some kind of “fairness” in pricing.
Or some kind of relation between cost and price (besides cost should be below
price  ).
I like that fake ad from an old parodic radio show (and newspaper):
“Stainless corkscrew, 2,50 francs.
The same but more expensive, 3,50 francs.”
That seems ludicrous but it works.
Now, I don’t know if that works with Lego parts (though some sellers do that:
same lots but different prices), but I know for sure it works for a lot of things:
a “deluxe” version that’s exactly the same as the “normal” one except for the
prices, and both sell.
Why not sell higher if there are people who are willing to buy higher?
PayPal can increase their fees as long as there are still people who use their
services.
They just need to adjust the increase to the decrease in customers, decrease
which might not even happen because they are stuck with PP.
| | It's happening now too with this food delivery platform. First they were
cheap and convinced a lot of consumers to use it, now that they're settled,
they're increasing their fees for restaurants (I think to some 10% of the
order value). Restaurants are very upset about it and going to court but guess
that's the way it is. They can only go and switch to alternative platforms,
that are popping up now because of the increase.
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The court case will depend on how the contract were written.
And the future of the platform on how much their customers are attached to them.
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| | | | | | | | | | | | | Author: | qwertyboy | | Posted: | Sep 13, 2019 10:52 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 48 times | | Topic: | Selling | |
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| In Selling, runner.caller writes:
| | That's annoying that UK has to pay 2.9% + 30p (it'd be like 2.9% + $0.37USD).
How's that fair for those across the pond to have to pay extra $0.07 converted
per transaction?
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This discussion might be moot in a couple of months...
Niek.
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| | | | | Author: | Andrsv | | Posted: | Aug 5, 2019 18:24 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 129 times | | Topic: | Selling | |
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| In Selling, Teup writes:
| | Just got a message from PayPal they're updating their terms.
Not sure how it turns out for other countries, but here there's going to
be a fee increase of a whopping 38% of the variable cost on transactions from
the NL to most of the rest of the world. It's going from 3.9% to 5.4%. That's
pretty huge.For me that's a lot of money per month, for no extra service.
I'm glad I'll soon have my own webshop with a better payment option that
Bricklink with its empty cockpit is never going to implement..
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Your own webshop?? Who's developing it?
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| | | | | | | Author: | SylvainLS | | Posted: | Aug 5, 2019 19:19 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 111 times | | Topic: | Selling | |
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| In Selling, Andrsv writes:
| | […]
Your own webshop?? Who's developing it?
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Teup has a nephew who knows about computers and stuff.
Er, or was it Lt. Columbo?
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| | | | | | | | | Author: | Teup | | Posted: | Aug 5, 2019 20:16 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 129 times | | Topic: | Selling | |
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| In Selling, SylvainLS writes:
| | In Selling, Andrsv writes:
| | […]
Your own webshop?? Who's developing it?
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Teup has a nephew who knows about computers and stuff.
Er, or was it Lt. Columbo?
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I've been overtly lamenting my not having a webshop for several years now,
and very recently, someone in my network finally stepped up to help and get me
on the right track! There are some brilliant resources out there and combined
with my stone age level programmer skills it seems to be juuust enough to do
the trick. Maybe in a month or so it could be up and running.
Bricklink is just an object. Like an old car. It doesn't change or grow into
a Ferrari. You pay the fuel and it runs the way it always did. I could again
beg for better payment methods or post all of my improvement suggestions another
time but who am I kidding, posting them on a website that didn't even discover
timezones yet Better build up something outside of it. But I'll stick
around though 
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| | | | | | | | | | | Author: | yorbrick | | Posted: | Aug 6, 2019 02:33 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 99 times | | Topic: | Selling | |
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| | | Bricklink is just an object. Like an old car. It doesn't change or grow into
a Ferrari. You pay the fuel and it runs the way it always did.
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To continue the analogy, it also breaks down more as it gets older. And all the
old mechanics that knew how to fix the old beast have long gone.
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| | | | | | | | | | | | | Author: | calsbricks | | Posted: | Aug 6, 2019 06:48 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 138 times | | Topic: | Selling | |
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| In Selling, yorbrick writes:
| | | | Bricklink is just an object. Like an old car. It doesn't change or grow into
a Ferrari. You pay the fuel and it runs the way it always did.
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To continue the analogy, it also breaks down more as it gets older. And all the
old mechanics that knew how to fix the old beast have long gone.
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One of the worlds most prestigious brands of Cars - Aston Martin - has gone
through bust to boom several times to get to being profitable, including being
owned by Ford, a Canadian consortium and its current owners. Change is a very
complex word with different meanings to different people.
Now it is one of the most beautiful cars on the planet but with Ian McCallum
gone to Jaguar who knows what may happen - again change good for one and not
so good for another.
Enough of that gibberish ..... need to pack some orders.
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| | | | | Author: | Gingerela | | Posted: | Aug 8, 2019 09:14 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 81 times | | Topic: | Selling | |
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| ‘Empty cockpit’. I couldn’t have said it better! Congrats on your decision.
I am seeing more and more folks moving in this direction as well. Nothing wrong
with doing your own thing and still maintaining a presence here, stagnant as
it may be. Necessity is the mother of invention. Here’s wishing you all the
best. 🙂
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| | | | | | | Author: | Teup | | Posted: | Aug 8, 2019 09:56 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 97 times | | Topic: | Selling | |
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| In Selling, Gingerela writes:
| | ‘Empty cockpit’. I couldn’t have said it better! Congrats on your decision.
I am seeing more and more folks moving in this direction as well. Nothing wrong
with doing your own thing and still maintaining a presence here, stagnant as
it may be. Necessity is the mother of invention. Here’s wishing you all the
best. 🙂
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Thanks! I have no idea how successful it will be, but soon it will be done
and I can start promoting and then I guess I'll find out.
Either way I will stick around, I'm doing my part-outs here, which still
is great Bricklink functionality, so I think it's only fair that I do keep
on working here and contributing in terms of fee payments, just notched down
a bit. As long as the 500 errors are staying away, anyway
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| | | | | Author: | Eirgo | | Posted: | Sep 13, 2019 05:38 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 81 times | | Topic: | Selling | |
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| Just use Stripe if you're unhappy with Paypal's fees. Stripes are 0.25
EUR + 1.4%. Cheap comparing it to Paypal.
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| | | | | | | Author: | Teup | | Posted: | Sep 13, 2019 05:48 | | Subject: | Re: Massive PayPal fee increase 21 october | | Viewed: | 101 times | | Topic: | Selling | |
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| In Selling, Eirgo writes:
| | Just use Stripe if you're unhappy with Paypal's fees. Stripes are 0.25
EUR + 1.4%. Cheap comparing it to Paypal.
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Just checked the website, never checked it before. Looks good, seems it's
a whole package deal of a lot of payment methods combined in one. Thanks for
the tip, I'm going to look into this!
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Netherlands, Utrecht
United Kingdom, England
USA, South Dakota
France, Nouvelle-Aquitaine
Canada, Alberta
Norway, Rogaland
Ireland, Meath