So the other day I got a payment via Paypal where the user used an instant payment method. That means it's either direct bank funds or a Paypal balance. No problem until I noticed yesterday that Paypal had charged me a fee for it.
After doing some research, I found out that Paypal updated their policy at the beginning of this month to separate money sent to personal accounts. If it's payment for a sale, any type of payment method will be charged a fee for that transaction. If it's a personal payment like a friend sending money, then that only gets charged if they use a credit card. This doesn't seem to effect premium accounts, but I could be wrong.
Also, Paypal can suspend your account if they suspect you're receiving payment for sales using the personal payment option.
This really sucks since they didn't announce these changes were coming to my knowledge. Usually they send policy update notices for their privacy policy. This seems pretty big to not touch upon though I'm sure Paypal hoped most would not notice it.
Anyway, just a heads up to all CAG users since I know most use Paypal here to get payments. It reallys sucks since now either people need take the hit or ask the buyer to pay the fee which isn't going to fly now.
After doing some research, I found out that Paypal updated their policy at the beginning of this month to separate money sent to personal accounts. If it's payment for a sale, any type of payment method will be charged a fee for that transaction. If it's a personal payment like a friend sending money, then that only gets charged if they use a credit card. This doesn't seem to effect premium accounts, but I could be wrong.
Also, Paypal can suspend your account if they suspect you're receiving payment for sales using the personal payment option.
This really sucks since they didn't announce these changes were coming to my knowledge. Usually they send policy update notices for their privacy policy. This seems pretty big to not touch upon though I'm sure Paypal hoped most would not notice it.
Anyway, just a heads up to all CAG users since I know most use Paypal here to get payments. It reallys sucks since now either people need take the hit or ask the buyer to pay the fee which isn't going to fly now.