PayPal raising merchant fees on some of its transactions

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email
Illustration by Alex Castro / The Verge

PayPal said Friday it is raising fees for some of its newer products “to better align our pricing with the value that our products and services provide,” according to a blog post by senior vice president Dan Leberman. The changes will affect how much PayPal merchants pay per transaction, and take effect August 2nd.

“PayPal has become more than just a button or payment processor to be a full commerce platform capable of driving growth for businesses,” according to the blog post. “Consumers are nearly three times more likely to complete their purchase when PayPal is available at checkout.”

In the past, PayPal has had a flat rate for sellers processing payments, charging 2.9 percent of a transaction price, plus a 30-cent fee. The new,...

Continue reading…

More To Explore

Renowned investor Kevin Ryan thinks the big money is in healthcare

Kevin Ryan has become very wealthy by being at the right place at the right time — including at online ad network DoubleClick, which he joined as its twelfth employee and eventually ran as CEO (it was later acquired, twice) — as well as co-founding numerous companies, including the software company MongoDB, which is currently […]

Ready to take the plunge into the online world?

drop us a line and keep in touch