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June 2022 PayPal Fees Increasing, Service Decreasing

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TribeMagnet

Established Member
Impact
102
Clever businesses manage expenses, or at the very least are aware of changes on the horizon. If PayPal is a component of your buy or sell model: heads up!

Effective June 17, 2022 changes are afoot. There will be an increase in fees and, in some cases, a reduction in service.

They have too many categories of fees go through it all here but complete details have been published including links to charts depending on if you have a personal or business account and which countries are involved in the transaction. The last changes were August, 2021.

Aside from an increase in routine processing fees there is another thing that could impact your wallet: PayPal Online Card Payment Services "Previously the separate PayPal Website Payments Pro and Virtual Terminal agreement and the Advanced Credit and Debit Card Payments and Virtual Terminal agreement" is ending Risk Controls and Fraud Management Filters. Yikes! I don't know about you, but risk/fraud management seems like a handy thing when selling valuable assets to strangers on the Internet.

With value-added options like Escrow.com, any number of merchant service options like Stripe for processing credit cards, or even traditional bank accounts, many payment alternative exist. What do you look for in a payment partner? Do you factor processing fees into your prices or agreement structure? Will PayPal changes matter to you?
 
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The views expressed on this page by users and staff are their own, not those of NamePros.

karmaco

Top Member
Impact
11,734
No. Anything PP does has no bearing on my domaining. PP is good to send payments and thats it. There are no protections in place for selling digital assets seamlessly via PP. Anyone using it to sell domains above XX is taking a risk unless they know and trust the buyer.
 
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LoveCatchyDomains

Daring to LiveTop Member
Impact
1,935
Will PayPal changes matter to you?
For domain transactions, Escrow and Dan would be still my choices. Concerns about Paypal charge back issues are a recurrent theme on this forum.
 
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