Paypal Policy Change

[chessnut]

I just received an email from paypal, it's a change of policy regarding fees. Im not proud of having a paypal account, but here it is;

" Changes to Fees for Receiving eChecks for Sellers in China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam

For Sellers in the following countries: China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam, there is a maximum fee per payment for receiving eCheck-funded payments as follows. The cap depends on the currency of the payment.

China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam
   

Currency :
   

Fee :

Argentine Peso:
   

150.00 ARS

Australian Dollar:
   

50.00 AUD"


etc......
Maybe they are under pressure??
Paypal is not the kind of company that lowers fees in the customers interest.....

[daemaethor]

Ofc they are under pressure, they do not want to sit on too much emerging market fiat.

[tsoPANos]

That's good news.
It looks like paypal is is trying to get over bitcoin.
But they can't do anything since bitcoin is much better in every aspect

[akujin]

F@ck paypal! They charge 4.4%+$0.3 in our country plus they screw you with their currency conversion and take around 3-4% of your money.
 

[chessnut]

F@ck paypal! They charge 4.4%+$0.3 in our country plus they screw you with their currency conversion and take around 3-4% of your money.
 

dont get me started.

I bought a guitar from spain and paid in paypal.
the official exchange rate EURNZD was something like $1.65. they would have charged me @$1.71!!! so I used the visa debit exchange rate, which turned out not much better, and then my bank slaps me with a $20 overseas margin call!! they had absolutely nothing to do with it!!
the fee was 3.6%
I paid $400 more than I needed to for the guitar. It was a $3500 guitar.

Bitcoin will save us.