That may not be a result of a change to PayPal's policy, but rather a change to your credit card provider's policy.
What credit card are you using?
No checked the notices from PayPal. This is all on PayPal increasing its profit.
VISA, but it is PayPal that changed the rules.
I know. I can't believe they actually charge people for being able to accept credit card payments, or send $ somewhere.Oh the nerve! Imagine, a financial institution charging customers for services...oh, the horror! The HORROR!
No checked the notices from PayPal. This is all on PayPal increasing its profit. VISA, but it is PayPal that changed the rules.
Oh the nerve! Imagine, a financial institution charging customers for services...oh, the horror! The HORROR!
Where's the notice from Paypal? I haven't received any lately.
As for the card, it's not so much Visa as the issuing bank that can set a policy like that. It's possible that your bank miscategorized a Paypal transaction as a cash advance instead of a purchase. Each vendor/transaction has a Merchant Category Code that determines what type of vendor or purchase it is. This is how HSA cards determine whether you're buying a prescription or beer.
If you see the charge categorized as a cash advance in your PayPal account, it is the result of PayPal's actions.
If you see the charge categorized as a cash advance in your VISA account, it is a result of the VISA issuing bank's actions.
It may be a case that the VISA issuing bank(s) have required PayPal to categorize the transaction with a cash advance related MCC.
There is certainly no benefit to PayPal if the cash advance categorization doesn't lead to a higher PayPal service charge.
I'm confused, just checked my paypal account for some purchases we just made this last week.. and there is no additional charge, shown for any of those purchases, on the payment info for each vender, and its specific purchase.
Were are you finding this on your paypal account?
In some other location?
If so please give the location.
Thank you ... p;
Oh the nerve! Imagine, a financial institution charging customers for services...oh, the horror! The HORROR!
I checked both my paypal account and credit card statements... I pay the regular PayPal fee and exactly that shows up on my credit card as a charge... with no additional bank fee.
This same warning was appearing a couple of weeks ago whenever I was trying to use Paypal for a purchase using my credit card. However, when I checked back no additional fee was applied to my card. It appeared to be an attempt by Paypal to encourage people to attach their actual bank account information in lieu of using your credit card. I refrained from doing that but the warnings have quit popping up. It may have been some form of phishing attempt by some outside 3rd party but that is only speculation on my part.
EDIT - By the way, I have no problem paying Paypal a standard fee for their services. I even avoid doing business with sellers who want me to transfer money through the family/friend process in order to avoid fees. But this action did seem a bit over the top, even for Paypal.
Mine took effect 10 September. A $10 charge for a $100 purchase. Watch you bill.
@Sirius Glass I would suggest talking to their support. Very likely it's some kind of a mistake/glitch, may even be a software bug on their side. Credit card industry does not allow individual players a lot of leeway for processing transactions. I seriously doubt that PayPal can be charging a cash advance fee for no cash changing hands at scale. Visa/Mastercard/Amex would want to have a word with them.
Also, if the support doesn't help, go ahead and dispute the charge with your card issuer. Chargebacks are costly for Paypal even if they fail.
their customer service is open 24/7, if it is a distressing transaction fee I would call them sooner rather than later.Great idea. Will do. I will call PayPal next week.
their customer service is open 24/7, if it is a distressing transaction fee I would call them sooner rather than later.
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