Paypal changes starting May 7, 2019

colubrid

colubrid

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You can go to the link but here are just a few of the changes:


  • 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.

  • 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.

  • 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.
Here is the link below with more changes:


https://www.paypal.com/us/webapps/mpp/ua/upcoming-policies-full
 
I think or knives on the secondary and memebers here would just go back to USPS MO. That is how we used to roll.

Also USPS MO are more protected because the Feds get involved if there is any funny play.
 
  • 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.
I screwed up the quote, sorry about that - I hope I didn't break any rules, with regards to posting. Anyway, I can see where I put in bold, could hurt!
 
Where I can see this being a problem here is when someone doesn't fully disclose problems with a knife and it has to be returned. The buyer is still going to loose the 2.9% +$.30 rather than being made whole, unless the seller picks it up. It's not a whole lot usually, but it was better when you could just reversed the deal and all were back to square 1.I forgot postal fees, so this is adding up.
I wonder if this includes refunds from PP dispute claims. If it doesn't, this may backfire on PP and all these peacefully resolved claims could become PP dispute claims. If it does include dispute claims that again would suck.
I think it is just referring to personal refunds not disputes

I guess the easy answer is don't screw up your disclosure, and avoid the whole problem
 
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colubrid said:
I think or knives on the secondary and memebers here would just go back to USPS MO. That is how we used to roll.

Also USPS MO are more protected because the Feds get involved if there is any funny play.
Click to expand...

Did they have steel back then? :)
I doubt many will go to USPS money orders-too much trouble and too slow for many, but they may find an alternative to PP.
I personally have no problem with USPS money orders, but I'm old
 
I'm outside the US, but I buy and sell knives exclusively in US dollars. Unfortunately some folks don't read the blurb I put in my Bladeforums sale ads that I don't do currency conversions in my payments, and I end up having to refund them and ask them to send money again in correct currency. Up until now it hasn't really been an issue, since it's fully refunded, but this may become a bigger problem for folks who don't understand/pay attention to currency conversion when buying and selling.
 
Lance Leon said:
I'm outside the US, but I buy and sell knives exclusively in US dollars. Unfortunately some folks don't read the blurb I put in my Bladeforums sale ads that I don't do currency conversions in my payments, and I end up having to refund them and ask them to send money again in correct currency. Up until now it hasn't really been an issue, since it's fully refunded, but this may become a bigger problem for folks who don't understand/pay attention to currency conversion when buying and selling.
Click to expand...
May not be following. Is this a problem with US members or those from other countries?
 
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Peter Hartwig said:
May not be following. Is this a problem with US members or those from other countries?
Click to expand...
It applies to everyone. Since I deal with US dollars and I'm not in the US, paypal's default setting is to convert whatever is sent to my local currency. However, one can just set the payments they send in USD to also be received as USD, and the entire discussion about conversion and conversion rates is avoided.

The knife hobby is very US-centric and everything is done in that currency, and so I don't want money to be converted when it comes to me and then converted again when I buy a new knife.
 
While the refund change is a bummer lookat it tbis way. Paypal still performed their transaction and money handling (twice actually in a refund). It is not their fault that we are issuing refunds so why should they work for free
 
Lance Leon said:
I'm outside the US, but I buy and sell knives exclusively in US dollars. Unfortunately some folks don't read the blurb I put in my Bladeforums sale ads that I don't do currency conversions in my payments, and I end up having to refund them and ask them to send money again in correct currency. Up until now it hasn't really been an issue, since it's fully refunded, but this may become a bigger problem for folks who don't understand/pay attention to currency conversion when buying and selling.
Click to expand...

Yeah, this is a good example! And, to be honest, I didn't even think about this scenario, unfortunately.

When I made my comment, above, I was thinking about some of the transactions I've made, on eBay, where I haven't wanted to do business, with the person who bought what I was selling. And, of course, with a buy it now, they pay, immediately (not always, I suppose), and now I have to send them back their money (I wish you/we had 24 hours to reverse payment, before getting nailed, so to speak). I suppose it's not too much money. However, when you add up all the fees, to sell, including shipping, tossing this in, as an extra expense, slightly/moderately bugs me. If it was a lot of money, maybe I'd say it really bugs me. I suppose some will say it's more about the point, and I don't disagree, but emotions can't get the best of me/anybody, when doing business. Well, that's how I feel, anyway. So, I'm going to have to think a bit more, and develop some new "strategery". :D
 
Heirphoto said:
While the refund change is a bummer lookat it tbis way. Paypal still performed their transaction and money handling (twice actually in a refund). It is not their fault that we are issuing refunds so why should they work for free
Click to expand...
I can sort of see that. But paypal isn't doing any 'work', nor does it cost them anything to do a refund. Those processes are handled by code automated algorithms and not people. In these cases (such as the one I described), this new policy isn't preventing losses on their end, it's just squeezing more money out of a minor mistake in a transaction they already profit off of. They still get the fees from the actual sale. Furthermore, I would feel slighted because I wasn't the person making the mistake, and yet I am losing out whether I choose to accepted the converted payment or refund it (not that I hold it against those who buy from me and miss the instructions - it's a simple error).

And when it comes to big transactions in the hundreds or thousands of dollars, it ends up being a lot of money because paypal takes a percentage, not a flat rate. It makes me think twice about using paypal, which is a big deal to me because it's the most convenient payment method available to me and also the one I am most familiar with for international transactions.
 
Heirphoto said:
While the refund change is a bummer lookat it tbis way. Paypal still performed their transaction and money handling (twice actually in a refund). It is not their fault that we are issuing refunds so why should they work for free
Click to expand...

That is certainly one way to look at it. I felt this was built in as a benefit to all the other PP transactions I did make-when a refund was needed , they had my back. I believe in all, the few, cases of refunds I have made as seller, I never received the money. It has remained with PP.

It is not a huge deal and I believe I will pick up the cost as a seller if I am at fault on the deal in order to make the buyer whole, just as I would the shipping costs. Glad I rarely screw up this could get costly(original shipping/insurance+return shipping/insurance +fees)- around $31-$32 on a $300 sale and up from there.

Just curious as to what the story behind the story is-why they felt the need for a change. Were they getting beat in some way? F&F seems much more problematic than this, but maybe the next to fall.
 
I have only cancelled 2 sales in over 200 transactions. The first was from a Japanese buyer who failed to provide a mailing address, pay for shipping (international shipping is on a case by case basis as stated on my website), or a working email address. After trying to contact the buyer and waiting about 2 days, I cancelled the sale to avoid downstream conflict.

Now I'm wondering how they would handle that situation. IMO, I couldn't be expected to ship a package to no address nor to pay the shipping to Japan. Yet, I would have to eat the PayPal fee under these conditions?
 
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