Paypal payments

[retired_member16]

Some interesting news from Paypal which may make them more attractive to big purchases as there will be no fees - still the danger of a clawback though;

From 9th July
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PayPal will not charge a recipient (regardless of their account type) of a PayPal payment if that payment was funded by the sender's bank account or PayPal balance and it is designated a Personal Payment


PayPal will apply a fee for payments received for Personal Payments or Commercial Payments if such a payment is funded by a credit or debit card, however for Personal Payments funded by a card, the sender will have the option of paying the fees for that payment


Also, PayPal will no longer require its customers to upgrade from a Personal Account to a Premier or Business Account once it has received a total of £250 **********

 

[matmat is verified member.]

So basicly they are still going to charge you if its a business purchase?