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Paypal fees increase2/18/2024 ![]() With the new changes, 2.9% plus 30p is what you will be paying from now on if you sell on eBay, and it might or might not be what you will pay on your website – depending on which PayPal payment option you have implemented. Tier 4: £200,000.01 or more 1.3% + Fixed Fee (£0.25*)ĭo these PayPal fees apply to all sales platforms? PayPal has emailed a couple of users informing them about the tiered rates, which look like the following:Īggregate monetary amount of payments received in your PayPal Account in the previous calendar month Merchants who use PayPal through Website Payments Pro and Virtual Terminal will pay a currency conversion spread of 3%. The spread will be #% for all other transactions which involve PayPal currency conversion. PayPal has also made a general change to their currency conversion rates, meaning that starting from the 3 rd of September, the currency conversion spread will rise to 3.75% for transactions that involve a PayPal currency conversion when paying for goods or services or sending money. If your selling prices are very low, you should consider switching to the PayPal Micropayments plant, which has a 5% rate + 5p fixed fee per transaction. This means that you can come out with a loss of 30p per refund. These new fees will negatively impact smaller merchants with very low average selling prices, as the increase from 20p to 30p would be greater proportion of the selling price than the 2.9% fee.Īlso, bear in mind that if you refund a Commercial Transaction payment, PayPal will keep that 30p fixed fee portion. If you own a small business, you will now have to pay 2.9% plus 30p fixed fee per transaction. Starting from the 19 th of August, instead of paying 3.4% plus 20p per transaction with lower Merchant rates for sellers turning over more than £1.500 per month, PayPal introduced new flat rates with Tiered Rates available only for merchants with a greater turnover than £20.000 per month. Last month, PayPal fees have changed in the UK. The end of Merchant Discounts and the increase of PayPal fees in the UK Say Goodbye to Merchant Discounts and say Hello to PayPal Tier Pricing
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