MANILA, Philippines – Philippine Paypal account holders may want to spend some time reading the latest policy update available on their accounts. Paypal will be implementing new rates for commercial transactions beginning September 10.
According to the policy update, the Commercial Payments Fee will increase slightly.
Domestic payments for standard account holders will have a rate of 3.9% + fixed fee, with a standard eBay rate of 3.4% + fixed fee. Merchant accounts will have a rate of 2.9% to 3.9% + fixed fee and a merchant eBay rate of 2.4% to 3.4% + fixed fee.
International payments for standard account holders will have a rate of 4.4% + fixed fee and a standard eBay rate of 3.9% + fixed fee, while merchants deal with a merchant rate of 3.4% to 4.4% + fixed fee and an eBay rate of 2.9% to 3.9% + fixed fee.
Micropayments are also affected, with domestic payments getting a 5.5% + micropayment fixed fee. International micropayments have a 6.0% + micropayment fixed fee. – Rappler.com