Paypal "stealth" fees.

[Bryce]

Hi all,
as many (most?) sales here are done through Paypal, I just wanted to inform you that Paypal seems to have added yet another new hidden fee. The last two transactions I've recieved had a 92 cents fee, although in one case the person had sent the money as gift and the other had added the fees manually. In both cases the amount that arrived had a 92 cent fee deducted. As both payments were for the exact same amount (€30), I'm not sure if this new fee is percentual or a fixed 92 cents.

Has anyone else seen this lately? And is it just on the German Paypal?

Bryce.

 

[fitzsteve]

When you pay as gift you can chose to pay the fee or pass it on, perhaps that's what is happening?

 

[Bryce]

I haven't seen that in the past. It's the first time it's happened and then twice in a row. One of the users even said that Paypal showed him that I would get the full €30?

Bryce.

 

[b00mer]

I had a fixed fee of 0.32 GBP for different amounts in the last two weeks (paid as gift).

 

[davideo]

Is it a currency conversion fee?

 

[b00mer]

No, I paid to UK account in GBP. Though, I must admit 0,32 GBP is peanuts. Currency conversion fee is much much higher.

 

[Bryce]

No, there was no currency conversion involved in at least one of the cases I had.

Bryce.

 

[SaviorX]

Paypal does around 13M transactions...a day...if they can charge you an extra $0.32 cents per gift transaction...and if gift transactions represent say 10% of all transactions, give or take...it translates into another $500,000 or so for them....every day... (they did $2.54B revenue for Q1 2016 on $86Bish in transactions)...but hey...what's an extra $182.5M per year in fees...

btw, there has always been a fee for 'gift' IF the money was sent from a credit card.

 

[tbtorro]

Probably cross-border fee, but you should check the terms of service at PP, they have different fee structures for several EU countries and it depends on receiver/sender country pair.