PayPal Holdings Inc (PYPL.O) will lift merchant costs for its branded payment products while cutting those for behind-the-scenes processing of some Visa and Mastercard transactions, a bold move in an increasingly competitive digital payments sector.
... PayPal will charge sellers 3.49% plus 49 cents to process transactions made through its proprietary products, including its button on merchant websites and its digital wallet, according to material the company shared with Reuters.
...
Sellers will pay 2.59% plus 49 cents for PayPal to process, unseen by consumers, online payments made with Visa and Mastercard debit and credit cards from other companies.
In the past, PayPal charged sellers 2.9% plus 30 cents for payments on most online transactions, regardless of its role.
Lowering basic transaction processing rates helps PayPal compete with rivals including Stripe and Authorize.net. PayPal expects to acquire customers because of the discounts, Leberman said.
read more (Reuters)
... PayPal will charge sellers 3.49% plus 49 cents to process transactions made through its proprietary products, including its button on merchant websites and its digital wallet, according to material the company shared with Reuters.
...
Sellers will pay 2.59% plus 49 cents for PayPal to process, unseen by consumers, online payments made with Visa and Mastercard debit and credit cards from other companies.
In the past, PayPal charged sellers 2.9% plus 30 cents for payments on most online transactions, regardless of its role.
Lowering basic transaction processing rates helps PayPal compete with rivals including Stripe and Authorize.net. PayPal expects to acquire customers because of the discounts, Leberman said.
read more (Reuters)
