Paxful has increased fees - Important - check before trading

[anshui]

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

[rijaljun]

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?

[leowonderful]

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.

[bbcwholesell]

we use pax wallet. they usually increase fees once bitcoin goes up

[anshui]

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

[anshui]

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.