Digital Transactions writes:
“PayPal is increasing certain fees associated with its Website Payments Pro service, effective Sept. 1. In an e-mail it sent to merchants Thursday, PayPal said the monthly charge for the service will rise to $30 from $20. Transaction pricing for the Virtual Terminal component of the product will also go up. The new pricing will be 2.4% plus 30 cents to 3.1% plus 30 cents, depending on volume, up from 2.2% plus 30 cents to 2.9% plus 30 cents. Also, PayPal will start levying a 30-cent fee for Website Payments Pro authorizations in cases where transactions aren’t settled within 29 days…”
Source: Volume Climbs for PayPal, While Some Sellers Will See Fees Rise
2 Comments »
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Doesnt surprise me much, they are always out to either screw someone over or make a big $. Just wondering though 2checkout was/is working on accepting paypal for there vendors?
Does this mean that our costs to accept paypal will go up, does this mean overall our transaction fees will go up?
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2CO is working on integrating PayPal’s international payment acceptance product - the non-credit card based model.
If you have an account through PayPal then you will be affected by their price increase (if you use that remittance model). 2Checkout is non-exclusive and we’re aware that many of our vendors use multiple remittance functions in order to transact sales.
2Checkout’s transaction fees of 5.5% and $.45 per transaction will not be affected by the PayPal integration or this rate increase.