Paypal announced it will be increasing some of its fees starting on March 29, 2017

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Paypal announced it will be increasing some of its fees starting on March 29, 2017.

Among the increased fees is a currency conversion charge increase from 2.5 to 3 percent on top of the exchange rate established by PayPal’s bank. Meaning customers will pay three percent more than the bank’s currency conversion difference when exchanging money internationally.

  • The standard transaction fee for sellers selling goods or services online to buyers outside the U.S. will jump from 3.9 to 4.4 percent plus the existing fixed fee based on the currency. The standard transaction fee for in-store transactions received from buyers outside the U.S. jumps from 3.7 to 4.2 percent.
  • Nonprofits who receive payments from senders outside the U.S. and are charging a flat rate of 3.7 percent plus the existing fixed fee based on the currency for all such transactions.
  • Micropayment fees for in-store transactions received from buyers outside the U.S. from 6.0% to 6.5% plus the existing fixed fee based on the currency.

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