• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 31 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 31st anniversary: Happy 31st Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $24,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $24 Million dollars
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

PayPal policy update...

richardm

richardm

TUG Member
Joined
Aug 6, 2007
Messages
1,267
Reaction score
44
Location
Orlando
If you PayPal to accept payments, the new policy update includes some fee increases. I just glanced at it but it looks like increased transaction fees if the buyer is outside the US, more restrictions on buyer and seller protection, and a $20 fee even if the seller wins a payment dispute. There is also an increase in the overage percentage that is charged for currency conversions.
 
Also, Friends and Family has been eliminated. I never asked for renters to pay me using Friends and Family but didn't object if they did.

I know there are alternatives out there but don't know which ones are best.
 
richardm said:
If you PayPal to accept payments, the new policy update includes some fee increases. I just glanced at it but it looks like increased transaction fees if the buyer is outside the US, more restrictions on buyer and seller protection, and a $20 fee even if the seller wins a payment dispute. There is also an increase in the overage percentage that is charged for currency conversions.
Click to expand...

Can you provide a link to where you are referring to? When I go to the Paypal fees I see the same pricing as previously. This is where I am going: https://www.paypal.com/us/webapps/mpp/paypal-fees
 
chapjim said:
Also, Friends and Family has been eliminated. I never asked for renters to pay me using Friends and Family but didn't object if they did.

I know there are alternatives out there but don't know which ones are best.
Click to expand...

I'm not seeing where friends and family is eliminated. In fact it reiterates that purchase protection does not apply to friends and family so it definitely looks like the option will remain.
 
Saintsfanfl said:
I'm not seeing where friends and family is eliminated. In fact it reiterates that purchase protection does not apply to friends and family so it definitely looks like the option will remain.
Click to expand...
You are correct.
 
I think the Canadian to US dollar isn't particularly strong and with the fees increasing for international transactions, it will make transactions between Canadians and US even less desirable. I generally take into account the paypal fee when I am pricing my rentals but already charged an extra 1% for Canadian renters and may have to increase that. I have had a few renters that have a US bank and PO box that they attached to their Paypal account to avoid such fees.
 
You must log in or register to reply here.
Top