Paypal no longer refunding seller fees !

eva2000 · May 8, 2019

Looks like Paypal is no longer refunding the seller fees when it comes to refunds and the flat rate fee for cross border transfers is being removed for a 5% fee with minimum of AUD$0.99 and maximum of AUD$5.99 for Australians at least ! Looks like I need to focus more efforts of getting donations for Centmin Mod via Transferwise instead -
Transferwise alternative to Paypal

https://www.techspot.com/news/79545-paypal-new-refund-policy-has-sellers-up-arms.html

PayPal

Amendments to the PayPal User Agreement and the CFSGPDS

To review the updated User Agreement, please Click HERE.

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 Australia and introducing a new variable fee of 5% based on the amount you send with a minimum of 0.99 AUD and a maximum of 5.99 AUD per transaction. We’re also removing any variation depending on the recipient’s country.

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.

Click to expand...

PayPal have announced some amendments to their user agreement that have not gone down well. From May 7, the company will no longer refund seller’s fees when a buyer asks for their money back.

PayPal has been the go-to payment platform for many small vendors since it was popularized on eBay and other online marketplaces. Currently, when someone sells goods or services, they are charged a flat transaction fee, plus a percentage-based commission on the sale. If a customer asked for a refund, everything except the small transaction fee was returned, but now PayPal has said it will keep seller’s fees, causing anger among users.

The proposed changes have no impact on buyers, who will still be able to purchase goods and request refunds as they always have. Instead this is a major blow for people using PayPal to sell things.

Anyone selling goods via PayPal pays 2.9% commission on the sale, which will no longer be returned when giving a full or partial refund. The flat fee is set at $0.30, and has never been subject to refunds.

People are angry about the changes, and have been quick to point out what it means in practice. If a vendor sells something for $1,000, but the customer changes their mind, the seller has not only lost their buyer, they will have also lost $29 in the process.

Alongside the refund changes, PayPal are also altering how they handle international payments and currency conversions. Transferring money to another country will no longer have a flat fee, instead PayPal are introducing a variable fee of 5%, with a minimum and maximum cost of $0.99 and $4.99, respectively.

PayPal has said that anyone who disagrees with any of their new terms is free to close their account.
Click to expand...

Jimmy · May 8, 2019

How many people donating to centmin mod are asking for refunds? I would figure if someone was donating, they wouldn't ask for the money back.

eva2000 · May 9, 2019

Jimmy said: ↑

How many people donating to centmin mod are asking for refunds? I would figure if someone was donating, they wouldn't ask for the money back.
Click to expand...

Indeed true.. non so far - touch wood

pamamolf · May 9, 2019

Bitcoins
Patreon
Bank account
Paysafe
Western Union

e.t.c

steph40 · May 9, 2019

Stripe?

Jimmy · May 10, 2019

You could provide a mailing address where people can send cash or gold.

eva2000 · May 10, 2019

lol Gold !!!

Yeah have bitcoin and a few mentioned options at https://community.centminmod.com/threads/ways-to-support-centmin-mod.11435/. Stripe I did try them but back then alot of folks saying Stripe tends to side with buyers when it comes to disputes/refunds. Not sure what the situation is now. Stripe from buyer perspective, I like though

Log in / Register

Forums

Learn about Centmin Mod LEMP Stack today

Paypal no longer refunding seller fees !

eva2000 Administrator Staff Member

Jimmy Well-Known Member

eva2000 Administrator Staff Member

pamamolf Premium Member Premium Member

steph40 Member

Jimmy Well-Known Member

eva2000 Administrator Staff Member

.

Log in / Register

Useful Searches

Learn about Centmin Mod LEMP Stack today

Paypal no longer refunding seller fees !

eva2000 Administrator Staff Member

Jimmy Well-Known Member

eva2000 Administrator Staff Member

pamamolf Premium Member Premium Member

steph40 Member

Jimmy Well-Known Member

eva2000 Administrator Staff Member

.