new paypal charges

[Lump]

We would like to let you know of an important announcement affecting all PayPal account holders in the UK.

Effective from 9 July 2008, PayPal will change its fee structure to make it more attractive for our UK customers to send personal payments. We are pleased to announce that:

* 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


* Receiving Personal Payments which are also Balance/Bank Funded Payments will be free

* Receiving Personal Payments and/or Commercial Payments which are also Card Funded Payments will be charged at these standard rates:

3.4% + Fixed Fee For each domestic payment transaction.
3.9% + Fixed Fee For each cross border payment transaction

sounds good to me should give me a few hundred quid more a year

 

[sumo89]

in laymans terms? my brains dead today

 

[Lump]

you send me £50 for shinnys no charges my end

 

[sumo89]

mint
but whats this mean

* Receiving Personal Payments and/or Commercial Payments which are also Card Funded Payments will be charged at these standard rates:

 

[Lump]

if you send a payment from your bank and not card then no charges

 

[NUGGET sa]

sounds good thanks for letting us know

 

[Alex R]

Makes life easier and hassle free

 

[J@mes]

got this email this morning. Still confuse's me. What is the difference between a card and a bank account attached paypal.

James

 

[Devrij]

So, am I right in thinking that if I haven't verified my account, and am still doing it bank to person (essentially using it as a debit card transaction) then I get charged? The confusion for me lies with the definition of a bank/card transaction.

 

[sumo89]

thats what i was wandering as well.