Updated:06:12 PM EDT Jun 18


this is ggmania.com subsite PayPal's New Refund Policy Sticks It To Sellers With Fees - TechAmok

TOP STORIES

HEADLINES

DXR Tech Demo
Terminator: Dark Fate - Official Teaser Trailer (2019)
How to Download the Windows 10 1903 ISO from Microsoft
20mm vs Aluminium Blocks
71-Year-Old Arnold Schwarzenegger Is Barely Fazed By Running Drop
NVIDIA's earnings in Q1 FY20 down by 31% compared to Q1 FY19
Inexplicable Rubik's Cube Magic Trick!
GOG.com is offering the first Witcher game for free
Google debuts 'next-generation' Assistant
How Viagra Made Pfizer Billions Before Generics
Tesla Will Release Fully Self-driving Cars in 2019
Catch-22 Trailer (Official)
Ratajkowski Spends Easter Sunday with the Easter Bunny
Inner Fire - Yoga On The Frozen Lake Baikal
Rooftop Swimming Pool Emptying During Quake In Manila
Inside an $88M Bel Air Mansion with a Hidden Car Elevator
When They See Us - Official Trailer - Netflix
Scarlett Johansson Tries To Not Spoil Avengers

New vulnerabilities may let hackers remotely SACK Linux
LITTLE BIG - I'M OK (official music video)
Miley Cyrus' Music Video Is Damn Hot
Super Cool Time Lapse Of A Localized Rainstorm
Samsung announces neural processing plans
Facebook-Led Group Launches a Cryptocurrency for Consumers
Verizon Launching LG V50 Nationwide June 20th
Succubus Trailer
Acer Swift 3 unboxing and first impressions
Iron Man Suit That Can Actually Fly
FINALLY Enough RAM to Run Chrome!
Windows 10 June 2019 Patch
AMD's $750 Ryzen 9 3950X Shown Beating Intel's $2,000 i9-9980XE
Sci-Fi Fan Film Based On 'Warhammer 40K'
AMD Ryzen 3000 "Matisse" I/O Controller Die 12nm, Not 14nm
USB 4.0 Products Expected to Appear by the end of 2020
AMD Radeon RX 5700 XT and RX 5700 to Have Same Memory & ROP
Samsung Galaxy A50 Lands at Verizon

PayPal's New Refund Policy Sticks It To Sellers With Fees - [briefly]
03:52 PM EDT - Apr,04 2019 - post a comment

Starting on May 7, 2019, when a seller issues a partial or full refund to a buyer or refunds a donation to a donor the fees originally paid as the seller are no longer returned. PayPal notes that there is still no fee to make a refund. Word of the refund policy change surfaced on Ecommercebytes, and the comments on the announcement are far from happy. Many sellers using PayPal on eBay mention that buyers routinely order something, only to change their mind and ask for a refund immediately. Under the new program, PayPal will keep the fees it charged for the deal costing sellers money for the buyer making a decision outside their control.
Imagine you're a seller on eBay. You offer 30 day returns. Your buyer purchases a camera for $1000. They pay with PayPal. An hour later, they write and say "I changed my mind, please cancel this order. If you don't, I'll just return unopened when I get it, so save yourself the shipping." So you have to refund. And you just lost $29.
Many of the comments are also talking about closing PayPal accounts and moving to the new eBay payment system as soon as it launches. eBay announced in early 2018 that it would slowly start to replace PayPal as its default payment system with a service called Adyen based in Amsterdam. Sellers on eBay are complaining vocally noting that if you sell higher priced items on eBay, the fees charged can be costly.

PayPal is also changing how it charges for sending money to friends and family members with PayPal accounts outside the States. The fee is now 5% of the amount sent with a minimum of $0.99 and a max of $4.99 per transaction. Currency conversion spread will change to 3.25% over a base exchange rate for those sending money in a PayPal transaction.

Short overview of recent news articles

Jun,12 2019 State Attorneys General Sue to Block T-Mobile/Sprint Merger
Jun,12 2019 Apple's iCloud for Windows is now available in the Microsoft Store
Jun,12 2019 Alexis Ren's Topless Goodness
Jun,11 2019 Keanu Reeves Appeared At Xbox's E3 Even
Jun,11 2019 A Very Cool Demonstration Of Owls' Insane Flying Precision
Jun,11 2019 iOS 12.3.2 fixes a camera bug
Jun,10 2019 29 AMAZING HACKS TO TRY OUT THIS SUMMER
Jun,10 2019 Cyberpunk 2077 E3 2019 trailer
Jun,10 2019 New Flight Simulator has just been announced
Jun,10 2019 Windows Game Pass price revealed for PC
Jun,08 2019 NASA will allow private astronauts on the ISS
Jun,08 2019 Samsung Galaxy Note 10 - Early Look
Jun,06 2019 Warnings of world-wide worm attacks are the real deal
Jun,06 2019 YouTube bans neo-Nazi and Holocaust-denial videos
Jun,06 2019 Ad Astra - Official Trailer (Brad Pitt heads into space)
Jun,06 2019 Skype Launches Screen Sharing
Jun,05 2019 Apple Keynote Crowd Goes Completely Silent
Jun,04 2019 238 Google Play apps with >440M installs made phones unusable
Jun,04 2019 Seagate Announces 16TB Exos and IronWolf Hard Drives
Jun,04 2019 Apple iOS 13 Gains Swipe Typing, Better Location Privacy, Dark Mode
Jun,04 2019 Apple watchOS 6 Gains App Store, Noise Monitoring, Audiobooks
Jun,03 2019 For All Mankind - Official First Look Trailer / Apple TV+
Jun,03 2019 Xbox One S Fortnite bundle
Jun,03 2019 Miley Cyrus' Sexy Promo
Jun,03 2019 Oppo, Xiaomi Demo Selfie Cameras Hidden Under Display
>> News Archive <<

TechAmok - Privacy Policy        loading time:0secs