4 sept sge pay_pal’s fee increase on 10 september what you need to know

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4 sept sge pay_pal’s fee increase on 10 september what you need to know

  1. 1. PayPal’s fee increase on 10 September: What you need to know September 3, 2013 by Terence LEE It’s happening: PayPal will be increasing its payment processing fees for multiple countries in Asia. The changes will take place automatically on 10 September. To help you through the fog that is PayPal’s extremely complex pricing fee structure, here’s a roundup of the changes: Countries affected: China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam Commercial payments fee Old New Domestic payments Standard rate 3.4% + fixed fee 3.9% + fixed fee Standard eBay rate 3.4% + fixed fee Merchant rate From 2.4% to 3.4% + fixed fee From 2.9% to 3.9% + fixed fee Merchant eBay rate From 2.4% to 3.4% + fixed fee Client : PayPal Country : Singapore Publication : SG Entrepreneurs Section : Tech Date : 3 September 2013 Page : N/A Topic : PayPal’s fee increase on 10 September: What you need to know Circulation : 80,000 Link : http://sgentrepreneurs.com/2013/09/03/paypal-fee-increases-on-september-10- heres-what-you-need-to-know/
  2. 2. Commercial payments fee International payments Standard rate 3.9% + fixed fee 4.4% + fixed fee Standard eBay rate 3.9% + fixed fee Merchant rate From 2.9% to 3.9% + fixed fee From 3.4% to 4.4% + fixed fee Merchant eBay rate From 2.9% to 3.9% + fixed fee Countries affected: China, Hong Kong, Japan, India, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam Micropayments for digital goods fees Old New Domestic payments Standard rate 5% + micropayment fixed fee 5.5% + micropayment fixed fee Standard eBay rate 5% + micropayment fixed fee (Hong Kong only) International payments Standard rate 5.5% + micropayment fixed fee (Japan: 5^% to 5.3 %) 6% + micropayment fixed fee Standard eBay rate 5.5% + micropayment fixed fee (Hong Kong only) Notes: 1. Standard Rates exclude transactions on eBay website, Website Payments Pro – Hosted Solution,Virtual Terminal, PayPal Here and carrier billing products. 2. Standard eBay rates apply for transactions on eBay website only. 3. A Commercial Payment includes the following:  A payment for the sale of goods or services;  A payment received after the Seller has used the ”Request Payment” tab on the PayPal website; or  A payment that is sent to, or received by, a business or other commercial or non- profit entity.
  3. 3. 4. To qualify for a Merchant Rate, you must submit a one-time application, have a qualifying monthly sales volume, and have an Account in good standing.

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