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4 sept sge pay_pal’s fee increase on 10 september what you need to know
1. PayPal’s fee increase on 10 September:
What you need to know
September 3, 2013 by Terence LEE
It’s happening: PayPal will be increasing its payment processing fees for multiple
countries in Asia. The changes will take place automatically on 10 September. To
help you through the fog that is PayPal’s extremely complex pricing fee structure,
here’s a roundup of the changes:
Countries affected: China, Hong Kong, India, Indonesia, Malaysia, Philippines,
Singapore, Taiwan, Thailand and Vietnam
Commercial payments fee
Old New
Domestic payments
Standard rate 3.4% + fixed fee 3.9% + fixed fee
Standard eBay rate 3.4% + fixed fee
Merchant rate From 2.4% to 3.4% + fixed fee From 2.9% to 3.9% + fixed fee
Merchant eBay rate From 2.4% to 3.4% + fixed fee
Client : PayPal Country : Singapore
Publication : SG Entrepreneurs Section : Tech
Date : 3 September 2013 Page : N/A
Topic : PayPal’s fee increase on 10 September:
What you need to know
Circulation : 80,000
Link : http://sgentrepreneurs.com/2013/09/03/paypal-fee-increases-on-september-10-
heres-what-you-need-to-know/
2. Commercial payments fee
International payments
Standard rate 3.9% + fixed fee 4.4% + fixed fee
Standard eBay rate 3.9% + fixed fee
Merchant rate From 2.9% to 3.9% + fixed fee From 3.4% to 4.4% + fixed fee
Merchant eBay rate From 2.9% to 3.9% + fixed fee
Countries affected: China, Hong Kong, Japan, India, Indonesia, Malaysia,
Philippines, Singapore, Taiwan, Thailand and Vietnam
Micropayments for digital goods fees
Old New
Domestic payments
Standard rate 5% + micropayment fixed fee 5.5% + micropayment fixed fee
Standard
eBay rate
5% + micropayment fixed fee
(Hong Kong only)
International payments
Standard rate
5.5% + micropayment fixed fee
(Japan: 5^% to 5.3 %)
6% + micropayment fixed fee
Standard
eBay rate
5.5% + micropayment fixed fee
(Hong Kong only)
Notes:
1. Standard Rates exclude transactions on eBay website, Website Payments Pro –
Hosted Solution,Virtual Terminal, PayPal Here and carrier billing products.
2. Standard eBay rates apply for transactions on eBay website only.
3. A Commercial Payment includes the following:
A payment for the sale of goods or services;
A payment received after the Seller has used the ”Request Payment” tab on the
PayPal website; or
A payment that is sent to, or received by, a business or other commercial or non-
profit entity.
3. 4. To qualify for a Merchant Rate, you must submit a one-time application, have a
qualifying monthly sales volume, and have an Account in good standing.