Rental property owners - exchangers - Paypal changes
04-15-2019, 10:52 AM,
Rental property owners - exchangers - Paypal changes
Changes to Paypal May 7 may or may not affect people using friends and family money transfers ....

Amendments to the PayPal Account User Agreement

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 United States and introducing a new variable fee of 5% based on the amount you send with a minimum of $0.99 and a maximum of $4.99 per transaction. We’re also removing any variation depending on the recipient’s country.
We are changing the currency conversion spread to 3.25% over a base exchange rate in situations where you are a sender of money in a PayPal transaction.
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.

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