That Was Done Quietly…

In June, PayPal made a number of changes to its User Agreement and posted an update to the PayPal Blog. At that time, director of product marketing Heinz Waelchli wrote that PayPal had now begun allowing those with business and premium accounts to make personal transfers to friends and family for free. This, in itself, is a welcome update—I use my PayPal account to receive payments for items I sell on Etsy, but now I can send money to my brother from the same account without either of us having to give PayPal a cut.What PayPal failed to do was inform users of the fact that any transfer having to do with goods or services will be charged the 3¢ + 2.9 percent fee no matter who or where its coming from. This includes payments sent from personal accounts as well as payments made after someone has sent you a request for payment even if that request has nothing to do with goods or services.

via Internet slowly wakes up to PayPals quiet fee hike – Ars Technica.

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