"Hidden" PayPal Fees Inciting Community Unrest

Several sites are reporting on the addition of extra fees to PayPal that are just starting to become common knowledge. While PayPal has certainly had their fair share of controversy, the new "transaction fees" that promise to affect the entire customer base are already well on their way to becoming another. "For example, a personal account sending another personal account money for a one-time payment for, say, mowing your lawn was not previously charged any fees on either side, but is now charged the usual transaction fee (the sender gets to decide who pays). The only way to avoid this is by selecting 'gift' when making the transfer — something you can't do if you're following through on a purchase or invoice from someone. And, if you fall into this category (which many people do), it's likely that you had no idea about the changes until just now."

Comments

Re:speaking of paypal.....

[oldhack]

I don't know the reach of eBay, but those of you who feel they are forced to deal with PayPal, you know you deserve this for dealing with them, don't you.

Re:PayPal needs to be regulated like a bank

[macraig]

Paypal needs to be made more ethical first: fixed fees,, not a percentage. Security just might naturally follow if Paypal grew an ethical bone... starting by lopping off the diseased head and hoping it grows a better one.

Re:speaking of paypal.....

[Lumpy]

You got it.

PayPal, Chase, Huntington, Bank of America, Captiol One, ALL OF THEM are Scams. designed to steal money from you in myriad of ways.

Banks are only a tiny step above loan sharks, Why people put up with their rampant abuse and constant sipping of money from them I'll never understand.

I avoid it by knowing the banks rules and playing by their rules. Your "totally free" account is only free if you know the rules and play by them.

I never use my debit as a Debit card but as a Credit card. Otherwise I get charged a tiny fee for it. NEVER EVER deposit at the teller as you get a fee, but deposit before 2:30pm at the ATM.

you have to play their game to win, and the rules are set up to screw you so be VERY careful.

Paypal is a necessary evil when you work online. sorry but 95% of all people I buy my classic car parts from take paypal, same goes for my Motorcycle parts. Dave in TX has a NOS fork for my classic bike and he will take paypal and ship tomorrow. Or I can go and get a moneyorder, mail it, and he get's it, a week later it clears, he ships, I get my part 1 month later.

Until someone makes an online person to person Banking system that is not designed to rape and pillage, Paypal is the only one that everyone uses.