Bitcoin Forum

Economy => Service Discussion => Topic started by: anshui on May 21, 2019, 04:05:40 PM



Title: Paxful has increased fees - Important - check before trading
Post by: anshui on May 21, 2019, 04:05:40 PM
Starting on Monday, May 27th, 2019, all gift card escrow fees will be changed to 2% except for iTunes and Google Play gift cards, which remain at 5%. For all non-gift card payment methods, escrow fees will stay at 1%. These adjustments are part of some major improvements we’ve been making to Paxful. We’ve expanded our team to strengthen compliance and dispute resolution services, with special regard to gift card-related issues.

Pls check before trading.


For low fee you can check coinbaazar.com


Title: Re: Paxful has increased fees - Important - check before trading
Post by: rijaljun on May 21, 2019, 09:11:42 PM
I don't know much about Paxful, it seems like they are growing and increase their fee which made you adjust them and increase your escrow fee to maintain your position. What are the improvements you've been making with them?


Title: Re: Paxful has increased fees - Important - check before trading
Post by: leowonderful on May 21, 2019, 10:43:16 PM
For those of you wondering what current fees are on Paxful, here they are:

Code:
Gift Cards: 5% iTunes and Google Play. 1% for every other gift card.
Bank Transfers: 1%
Credit/Debit Cards: 1%
Digital Currencies: 1%
Online Transfers: 1%
Cash Deposits: 1%

This means fees are going to be raised from 1% to 2% for all gift cards except for the iTunes and Google Play cards in short. I'm personally still sticking with Paxful though, as their site functions just fine and I personally don't trade with giftcards on their platform. I'm glad Paxful's taking steps to grow their dispute team though, because there's always the occasional problem with a scamming or dishonest vendor that needs to be solved.


Title: Re: Paxful has increased fees - Important - check before trading
Post by: bbcwholesell on May 21, 2019, 11:36:04 PM
we use pax wallet. they usually increase fees once bitcoin goes up


Title: Re: Paxful has increased fees - Important - check before trading
Post by: anshui on May 22, 2019, 03:51:54 AM
we use pax wallet. they usually increase fees once bitcoin goes up

Looking at market trends an alternative to both exchanges is launched recently with low fee,and best part is moderators are really professional. Check www.coinbaazar.com


Title: Re: Paxful has increased fees - Important - check before trading
Post by: anshui on May 25, 2019, 10:03:45 AM
we use pax wallet. they usually increase fees once bitcoin goes up

Paxful knows that there are hardly any competitors in the market , so they can charge as much as they want . People doesnt have much options.