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elliemay
Joined: 26 Jul 2007
Posts: 1255
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| Posted: Fri Jun 11, 2010 3:51 pm Post subject: PayPal Raises Merchant Fees for Refunds and Chargebacks |
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Online merchants will pay more in fees to PayPal beginning in August thanks to changes the company is announcing today. Beginning August 10, when a U.S. or Canadian seller issues a refund, PayPal will retain the 30-cent transaction fee it charges, a move sure to be highly controversial.
http://blog.auctionbytes.com/cgi-bin/blog/blog.pl?/comments/2010/6/1276268535.html |
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watnext
Joined: 13 Sep 2008
Posts: 954
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| Posted: Fri Jun 11, 2010 4:18 pm Post subject: |
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So now the scammers can keep the item, get a 100% refund including shipping, & we get to pay even more for the privilege of getting scr**ed over!
They KNOW it's going on...so why not "Monetize" it!
Hows that disrupty thingie REALLY working for ya?
A little desperate for the bottom line, are we?
Nice!! |
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jjj525
Joined: 08 Apr 2009
Posts: 354
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| Posted: Fri Jun 11, 2010 4:56 pm Post subject: Re: PayPal Raises Merchant Fees for Refunds and Chargebacks |
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GCO already do this.They keep the $0.30 fee if the seller refund.So I don't think this is a big deal.
Most probable this is the charge paypal has to pay to credit card companies for issuing refunds.
I am wondering if paypal keep the transaction fees for ACH transactions from buyer's bank which cost paypal nothing.
This is why I pay buyers a 2% discount if they pay by money order. |
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Baconsdozen
Joined: 06 May 2008
Posts: 753
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| Posted: Sat Jun 12, 2010 5:02 am Post subject: Re: PayPal Raises Merchant Fees for Refunds and Chargebacks |
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| I think paypal are already doing this.I'm in the UK,I had to issue a refund for an item paid in dollars as the customer had made a mistake.The fee wasn't refunded. |
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