New (?) PayPal fee for Goods/Services

[mayhem]

I have been asking for 3.6% when the buyer elects to pay via Goods/Services and I've been spot on - until today. This was the first transaction in 2026 and, based on what PayPal took out, their new 'lack of service fee' has jumped to 4.5%. I'm sure they sent notice but I must have just missed it. Just a heads-up to anyone else that may not be aware.

Mopar to ya!

 

[WV64Signet]

Good grief they make this a PITA to find.

Trying to figure out where they hid the 4.5

 

[DC 340]

Good grief they make this a PITA to find.

Trying to figure out where they hid the 4.5

View attachment 1716496399

So you are showing 2.99% for goods/services and the OP is saying 4.5%? I am just trying to understand.

 

[mayhem]

I can't say - so check my math. I've been asking 3.6% on top of the base cost of the part. In the past I've been within 5 or 6 cents of what PP takes for Goods/Services.

Today, I sold parts for $139. Applying the 3.6% premimum (139 x 1.036) I get $144.004 - or $144. That's what I quoted the buyer and that's what he paid. When I went to PP, I only received $137.53 - PP took $6.47 If I divide 144 into 6.47 I get 0.0449 - or 4.5%

If I'm doing something wrong, please let me know - it's been years since I've done higher math...

 

[DC 340]

My math says the fee that was paid = 5 + 1.47 = $6.47. (($139 + $6.47)/139) = 1.046. So the fee to me appears to be 4.6%. I was just saying the chart VW64Signet showed said 2.99% for goods and services which appears to be wrong or I am reading it wrong.

 

[Car Nut]

You’re both right, that chart must be outdated.

 

[WV64Signet]

So you are showing 2.99% for goods/services and the OP is saying 4.5%? I am just trying to understand.

Me too

I'm hoping someone finds better info from PayPal. I dug around looking an that chart came from PP website, yesterday.

I'm not saying mayhem is incorrect, I'll need to look but I've been paying more than 2.99 for G&S regardless. More like 3.5 I think.

 

[mayhem]

I'll need to look but I've been paying more than 2.99 for G&S regardless. More like 3.5 I think.

Yes. I believe that was the going rate as that's what I was charged for a transaction on 12/23. I'm positive the new year brought the increase. I was lamenting the fact I probably got a notice back in the Fall that started "We are making some changes..." and continued with eight or nine paragraphs, each of which contained several 'click here for more' triggers that take you to another eight or nine paragraphs on that specific subject. It is my fault for not reading every sidebar - but you would think their rate list would be updated to coinside with the rate changes. Greedy SOBs.

 

[RustyRatRod]

Well crap, are they supposed to go broke? They have expenses too. They run a business just like any other and inflation affects them just the same.

 

[jos51700]

They ripped me off for thousands twice. I'll never open another PayPal account.

 

[mayhem]

Well crap, are they supposed to go broke? They have expenses too. They run a business just like any other and inflation affects them just the same.

You're right. I should have said sneaky SOBs.

 

[mayhem]

They ripped me off for thousands twice. I'll never open another PayPal account.

What other method(s) do you use now?

 

[RustyRatRod]

They ripped me off for thousands twice. I'll never open another PayPal account.

That's certainly your choice. I've not had one issue and I've used them since 1999.

 

[jos51700]

What other method(s) do you use now?

Most of my non-retail online purchases I'll just mail a money order. The risk of losing the purchase value is basically the same because PayPal can always choose not to reimburse, and the damage is limited because I don't have to worry about someone charging something that cleans out my checking account.

That said, I have discovered that if someone sends me a PayPal invoice, I can pay it with a credit card just like I would a retailer, and I have the purchase protection of a credit card without having to give those dirty buttholes at PP my sensitive info.

In the beginning, PP was easy, but I noticed through the years that they wanted more and more of my info, and that lead up to the problems I had of someone using it to make unauthorized purchases, even though I had 2FA set up and all that crap.

That's certainly your choice. I've not had one issue and I've used them since 1999.

Brother, that's how I used to think, until one day someone bought some REALLY nice stuff in the middle of the night using my entire paycheck. It was just a thing until PayPal let it happen AGAIN, which was a lot harder to fight the second time.

Luckily for me, my days of finding rare crap on the Internet is winding down and I'm buying a lot less stuff in general. I guess I can thank China for that lol

 

[MidnightSwinger]

Well crap, are they supposed to go broke? They have expenses too. They run a business just like any other and inflation affects them just the same.

Those poor billionaires, maybe we could start a gofundme to help them out.

“While overall revenue growth is less explosive than in past years, the focus is now on making more profit from each transaction, a strategy that seems to be working.”





PayPal Beats on Strong Venmo Growth | The Motley Fool

 

[RustyRatRod]

Those poor billionaires, maybe we could start a gofundme to help them out.

“While overall revenue growth is less explosive than in past years, the focus is now on making more profit from each transaction, a strategy that seems to be working.”





PayPal Beats on Strong Venmo Growth | The Motley Fool

So, you think that company is run by nothing but billionaires? Billionaires who own corporate America provide jobs for people who are wait for it...not billionaires. so let's just piss all over a company because it's a billionaire corporation then, right? I guess that means same for General Motors, Ram, Ford, whatever's left of Chrysler and every other corporate America company. That's a pretty narrow minded view, don't you think? I'm not singing Paypal's praises here. It's a necessary evil, but they're not in it to lose money, just like any other company, they're in it for profit and for the profit of all their stockholders, which most of are the little guy.

 

[memike]

That's certainly your choice. I've not had one issue and I've used them since 1999.

Same here, not one problem for Treva and I.

 

[toolmanmike]

So, you think that company is run by nothing but billionaires? Billionaires who own corporate America provide jobs for people who are wait for it...not billionaires. so let's just piss all over a company because it's a billionaire corporation then, right? I guess that means same for General Motors, Ram, Ford, whatever's left of Chrysler and every other corporate America company. That's a pretty narrow minded view, don't you think? I'm not singing Paypal's praises here. It's a necessary evil, but they're not in it to lose money, just like any other company, they're in it for profit and for the profit of all their stockholders, which most of are the little guy.

 

[MidnightSwinger]

So, you think that company is run by nothing but billionaires? Billionaires who own corporate America provide jobs for people who are wait for it...not billionaires. so let's just piss all over a company because it's a billionaire corporation then, right? I guess that means same for General Motors, Ram, Ford, whatever's left of Chrysler and every other corporate America company. That's a pretty narrow minded view, don't you think? I'm not singing Paypal's praises here. It's a necessary evil, but they're not in it to lose money, just like any other company, they're in it for profit and for the profit of all their stockholders, which most of are the little guy.

Show me where I “pissed all over a billionaire corporation “? I called you out for your nonsense claim and then backed it up with an easy to read article with sources. Not only that, but I quoted the most important part for you because I knew you weren’t gonna read the article.


Most of PayPal’s stockholders are the little guy right? Like Blackrock and Vanguard??? lol Rob, you speaking on economics is like a dog teaching a cat Chinese.

 

[MidnightSwinger]

View attachment 1716496896

Look at all those pedophiles clapping for billionaires making profit!

 

[RustyRatRod]

Show me where I “pissed all over a billionaire corporation “? I called you out for your nonsense claim and then backed it up with an easy to read article with sources. Not only that, but I quoted the most important part for you because I knew you weren’t gonna read the article.


Most of PayPal’s stockholders are the little guy right? Like Blackrock and Vanguard??? lol Rob, you speaking on economics is like a dog teaching a cat Chinese.

View attachment 1716496910

So you think Paypal is RUN by billionaires? Those are KEY shareholders. You know what that means, right, Mr. Buffett? That means shareholder that hold THE MOST SHARES. It doesn't mean the little guy and it doesn't mean the small employees who keep the company running. You know, like those who maintain servers, computers and such. Those who handle call ins and the like. You know, real office work? Those "billionaires"? If you knew 1/2 what you thought and twice what you really do, you might be on to something.

 

[bcschief]

I can see this thread getting moved to the N&P forum.

 

[dadsbee]

A body rhetoric gets very tiring.

 

[toolmanmike]

I can see this thread getting moved to the N&P forum.

Yep

 

[RustyRatRod]

Yep

If it gets there, it won't be because of me. I've said my piece.