PayPal new fee structure

[temi]

Effective from 9 July 2008, PayPal will change its fee structure to make it more attractive for our UK customers to send personal payments. We are pleased to announce that:

• PayPal will not charge a recipient (regardless of their account type) of a PayPal payment if that payment was funded by the sender's bank account or PayPal balance and it is designated a Personal Payment
• PayPal will apply a fee for payments received for Personal Payments or Commercial Payments if such a payment is funded by a credit or debit card, however for Personal Payments funded by a card, the sender will have the option of paying the fees for that payment
• Also, PayPal will no longer require its customers to upgrade from a Personal Account to a Premier or Business Account once it has received a total of £250

I think this is long overdue, its nice to have competition

 

[OldWelshGuy]

I think it stinks, it means now Iusers have to pay to SEND money as well as receive it

 

[MeetHere]

Is it for UK only ?

 

[deluxdon]

Only for UK customers

DON.

 

[jitendraag]

Why is it UK specific? Paypal is getting the heat from e-gold / moneybookers? I don't believe that

 

[OldWelshGuy]

Only for UK customers

DON.

So it means I have to pay to send AND receive my own money into the US

I can see a change coming. Paypal was expensive before, but now I intend moving everything away from them. They have just made a full blown merchant account far more attractive.

 

[temi]

Yes, it seem to be for UK customers only.

Is it for UK only ?