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#1
10-17-2018, 01:22 PM
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New PayPal transfer fee
Anyone else notice this from PayPal: "On Nov. 7, Instant Transfers will cost 1% of the amount you transfer, with a maximum fee of $10.00. Use your eligible debit card for Instant Transfers. Transfer times vary by bank and may take up to 30 minutes."
Not a really huge deal, but just another fee to deal with. I wonder if eBay's new payment thing will feature this or not... 
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#2
10-17-2018, 01:35 PM
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How I'm reading this is for debit/credit cards to your paypal account only.
I think paypal to paypal (friends and family) and paypal to your bank (the three day deal) is not affected. I think. 
Last edited by silvor; 10-17-2018 at 01:36 PM.
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#3
10-17-2018, 01:48 PM
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#4
10-17-2018, 01:54 PM
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If it's PayPal to Bank, I'd probably quit using PayPal altogether. I hate fees - hate them. There are few I will accept, and charging me to transfer to my bank is not one of them.
__________________
Need a spreadsheet to help track your set, player run, or collection? Check out Sheets4Collectors on Etsy. https://www.etsy.com/shop/Sheets4Collectors - Grover Hartley PC - Jim Thome PC - Cleveland Sports Hall of Fame Last edited by KMayUSA6060; 10-17-2018 at 01:54 PM.
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#5
10-17-2018, 02:02 PM
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All of this is done electronically. They shouldn't get squat to do this. But they're greedy and will steal anything they can. Screw you PayPal.
__________________
Successful B/S/T with - Powell, Mrios, mrvster, richieb315, jlehma13, Ed_Hutchinson, Bigshot69, Baseballcrazy62, SMPEP, Jeff Garrison, Jeff Dunn, Bigfish & others
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#6
10-17-2018, 02:10 PM
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EDIT EDIT
This is only for business accounts. It is on this page: https://www.paypal.com/us/webapps/mpp/merchant-fees I can find nothing about this relating to the typical "Instant Transfer" relating to other types of accounts or payments. Paypal uses the term "Instant Transfer" to mean paying with Paypal using a linked bank account with backup funding source. Last edited by Tripredacus; 10-17-2018 at 02:18 PM. Reason: Paypal uses the same term for multiple things.
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#7
10-17-2018, 02:10 PM
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Arn't you going little overboard this is only from paypal to your bank...and only if you use your debit card which would be you have access to the money in your bank account within minutes of the transfer.
Vs. doing it the old fashion way which takes 24 hours to hit your account...which would not get a fee at all. they are only charging for instant transfers not the old fashion way. Ryan
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#8
10-17-2018, 02:11 PM
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You guys must be talking about the Instant Tranfer to a Debit card fee.
If your transferring to a linked bank account...its FREE. The only difference is the Instant transfer is quick and within minutes, as opposed to the bank account that could takes a few days.
__________________
1916-20 UNC Big Heads Need: Ping Bodie Last edited by pawpawdiv9; 10-17-2018 at 02:13 PM.
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#9
10-17-2018, 02:16 PM
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Yes...what the above poster said. Instant transfer is currently only .25 cents. Now that is going up. If you want the old fashioned transfer (which is roughly one business day), that should be free.
Last edited by bobbyw8469; 10-17-2018 at 02:17 PM.
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#10
10-17-2018, 03:02 PM
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#11
10-17-2018, 03:31 PM
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As you see the separation between Paypal and ebay become complete expect to see more fees to make up for lost income/revenue when they were technically one company.. same thing happened years ago in payment processing world and they are in it now as standalone units... people will bark but few will quit...
__________________
Successful B/S/T deals with asoriano, obcbobd, x2dRich2000, eyecollectvintage, RepublicaninMass, Kwikford, Oneofthree67, jfkheat, scottglevy, whitehse, GoldenAge50s, Peter Spaeth, Northviewcats, megalimey, BenitoMcNamara, Edwolf1963, mightyq, sidepocket, darwinbulldog, jasonc, jessejames, sb1, rjackson44, bobbyw8469, quinnsryche, Carter08, philliesfan and ALBB, Buythatcard and JimmyC so far.
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#13
10-17-2018, 03:40 PM
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'...we are changing the fee charged for our faster withdrawal option to an eligible debit card linked to your PayPal account to 1% of the transferred amount, with a maximum fee of $10.00.'
Instead of paying a quarter and getting your money to your account within a few minutes, you can just opt for transferring directly to your bank, which can take a few days. Big woop! I can wait.
__________________
. "A life is not important except in the impact it has on others lives" - Jackie Robinson “If you have a chance to make life better for others and fail to do so, you are wasting your time on this earth.”- Roberto Clemente
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#14
10-17-2018, 03:42 PM
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__________________
42 Collection: Jackie Robinson, Branch Rickey and the People Who Shaped the Story https://www.flickr.com/photos/158992...57668696860149
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#15
10-17-2018, 04:07 PM
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It's all done electronic. Not one person is involved. What should that be worth?
__________________
Successful B/S/T with - Powell, Mrios, mrvster, richieb315, jlehma13, Ed_Hutchinson, Bigshot69, Baseballcrazy62, SMPEP, Jeff Garrison, Jeff Dunn, Bigfish & others
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#16
10-17-2018, 04:10 PM
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Shoot, robots built my car for the most part, yet I still was charged for it. Or is it communist day?
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#17
10-17-2018, 04:15 PM
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Do you refuse to pay the electric company because electricity is "done electronic" and not one person is involved? Or do you recognize that the system and its maintenance have cost and the ease of receiving electricity is worth the cost and time over the alternatives of washing your clothes by hand, making candles, walking to the tundra to drag down some ice?
__________________
42 Collection: Jackie Robinson, Branch Rickey and the People Who Shaped the Story https://www.flickr.com/photos/158992...57668696860149
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#18
10-17-2018, 04:26 PM
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#19
10-17-2018, 05:37 PM
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I'm just saying 25 cents was a more reasonable price. Anything more is just a ripoff. BTW, they have tens of thousands if not more transactions a week. That adds up. Can you imagine how much 1% would be?
__________________
Successful B/S/T with - Powell, Mrios, mrvster, richieb315, jlehma13, Ed_Hutchinson, Bigshot69, Baseballcrazy62, SMPEP, Jeff Garrison, Jeff Dunn, Bigfish & others Last edited by rdwyer; 10-17-2018 at 06:05 PM.
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#20
10-17-2018, 09:02 PM
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For some time now, old-fashion transfers from PayPal to my bank account have taken only one business day.
__________________
Seeking very scarce/rare cards for my Sam Rice master collection, e.g., E210 York Caramel Type 2 (upgrade), 1931 W502, W504 (upgrade), W572 sepia, W573, 1922 Haffner's Bread, 1922 Keating Candy, 1922 Witmor Candy Type 2 (vertical back), 1926 Sports Co. of Am. with ad & blank backs. Also 1917 Merchants Bakery & Weil Baking cards of WaJo. Also E222 cards of Lipe, Revelle & Ryan.
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#21
10-18-2018, 10:10 AM
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It's just for the faster transfer option? Phew.
Some of you almost overreacted! 
__________________
Need a spreadsheet to help track your set, player run, or collection? Check out Sheets4Collectors on Etsy. https://www.etsy.com/shop/Sheets4Collectors - Grover Hartley PC - Jim Thome PC - Cleveland Sports Hall of Fame
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#22
10-21-2018, 09:38 AM
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 and they have a quick transfer fee (.25). But how many need this money this minute vs the next day?
__________________
Leon Luckey www.luckeycards.com
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#23
10-21-2018, 08:18 PM
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__________________
Check out my aging Sell/Trade Album on my Profile page HOF Type Collector + Philly A's, E/M/W cards, M101-6, Exhibits, Postcards, 30's Premiums & HOF Photos "Assembling an unfocused collection for nearly 50 years."
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#24
10-22-2018, 08:27 AM
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Silvor
Quote:
SILVOR is correct
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#25
10-22-2018, 08:29 AM
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__________________
"Trolling Ebay right now" © Always looking for signed 1952 topps as well as variations and errors
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