Paypal Changes, what it will mean to you.

August 2023

PayPal has issued an important notice to its users.

The online payment system says it is making changes to its legal agreements that will impact customers. In an email sent on Tuesday, August 1, PayPal asked users to look through information regarding these agreements including when and how they are changing, and what you can do if you want to decline these changes.

• Change 1: Variable rate for sending money via PayPal to non-USA accounts: As the document states: “We’re removing the flat rate pricing for sending money to friends and family members who have PayPal accounts in a country other than the United States and introducing a new variable fee of 5% based on the amount you send with a minimum of $0.99 and a maximum of $4.99 per transaction. We’re also removing any variation depending on the recipient’s country. ” So bear that in mind if you are sending money that is could cost $4.99 extra.

• Change 2: Currency Exchange Rate “We are changing the currency conversion spread to 3.25% over a base exchange rate in situations where you are a sender of money in a PayPal transaction.” That is straight forward. When you make a payment to a non-USD account, PayPal does a conversation so you can see how much money it will be in that currency.

• Change 3: No more refund refunds “We’re changing how we treat refunds. If you refund (partially or fully) a transaction to a buyer or a donation to a donor, there are no fees to make the refund, but the fees you originally paid as the seller will not be returned to you.”









It seems Paypal is determined to make money no matter what the customer feels.
These digital giants manipulate to their own ends, Ebay purchased Paypal then years later off loaded it.
Yet Ebay still insists on using Paypal for transactions.