Paypal ... SMH

[DuckingOutstanding]

PayPal reinstates controversial policy of pocketing fees from refunds

PayPal is reinstating a controversial policy around its handling of fees in the event of a refund. Starting next month, PayPal will begin pocketing the initial 2.9 percent commission fee sellers forfeit during a transaction even when the seller is refunding a customer in full.

The company initially rolled out this policy back in April, but seller backlash over PayPal claiming the commission fee led it to reverse course. Now, PayPal says it’s updating its policy for good, citing its “cost structure” and claiming the approach to refunds is in line with industry practice. Sellers are again up in arms over the change, with some claiming that it is not in fact the case that the online payment processing industry handles refunds like this.



https://www.theverge.com/2019/9/20/20876570/paypal-refund-fee-policy-change-sellers-controversy

 

[ContentExpert]

GreedPal.

 

[drehdinho]

PayPal is the most horrible company have ever seen in my life.

 

[Psh]

God I hate PayPal more than anything in the world.

 

[Ras the Destroyer]

Wow

 

[DuckingOutstanding]

GreedPal.

PayPal is the most horrible company have ever seen in my life.

God I hate PayPal more than anything in the world.

Ditto, DItto and Ditto

 

[rman]

It's amazing the power they have when there are no alternatives
Probably just mean fewer seller refunds and therefore more disputes

 

[SocialManager]

PayPal is the most horrible company have ever seen in my life.

God I hate PayPal more than anything in the world.

Please consider yourselves blessed to feel this way.

There are so many worse things, and worse businesses out there.

https://www.usatoday.com/story/money/business/2013/05/28/wal-mart-waste/2366999/

There have to be tens of thousands of companies that literally just dump toxic waste wherever they want to save a few bucks or don't train or manage their employees properly and let them do it. I have only had good experiences with PayPal. I try not to deal with shady stuff. I think the fees are reasonable. I don't mind paying PayPal for the service they provide. Of course, we all want lower fees, but PayPal is still usually cheaper or easier to use or accepted more widely or whatever than any other competitor or other option.

 

[John4life2017]

Gaypal sucks!

 

[Psh]

Please consider yourselves blessed to feel this way.

There are so many worse things, and worse businesses out there.

https://www.usatoday.com/story/money/business/2013/05/28/wal-mart-waste/2366999/

There have to be tens of thousands of companies that literally just dump toxic waste wherever they want to save a few bucks or don't train or manage their employees properly and let them do it. I have only had good experiences with PayPal. I try not to deal with shady stuff. I think the fees are reasonable. I don't mind paying PayPal for the service they provide. Of course, we all want lower fees, but PayPal is still usually cheaper or easier to use or accepted more widely or whatever than any other competitor or other option.

Uhm, say what? Just because there are worse businesses out there (of course! There's red rooms on darknet) - Doesn't change the fact that PayPal is terrible.

 

[fc-dh]

How much i Paypal paying you?

Please consider yourselves blessed to feel this way.

There are so many worse things, and worse businesses out there.

https://www.usatoday.com/story/money/business/2013/05/28/wal-mart-waste/2366999/

There have to be tens of thousands of companies that literally just dump toxic waste wherever they want to save a few bucks or don't train or manage their employees properly and let them do it. I have only had good experiences with PayPal. I try not to deal with shady stuff. I think the fees are reasonable. I don't mind paying PayPal for the service they provide. Of course, we all want lower fees, but PayPal is still usually cheaper or easier to use or accepted more widely or whatever than any other competitor or other option.

 

[the gent]

Starting next month

And for those who want to withdraw money from paypal to their bank accounts, actually its start after 2 days, on 23 sep to be exactly, and it's 3-4% Fees!

 

[code API]

It's amazing the power they have when there are no alternatives
Probably just mean fewer seller refunds and therefore more disputes

So true

 

[Jeremy Corbitt]

paypal sucks!

 

[BassTrackerBoats]

And for those who want to withdraw money from paypal to their bank accounts, actually its start after 2 days, on 23 sep to be exactly, and it's 3-4% Fees!

It is free and over night for us... maybe it is because of the country?

 

[Mr. Grinder]

i wish somebody take over this gaypal

 

[neilbradydom]

Avoid them at all costs, they will die from this, hopefully.

 

[Santosh_San]

PayPal fees are too high. They should decrease these fees and focus on solving disputes problem rather than implementing these shit policy.
Greedy company.

 

[code API]

Maybe Elon Musk is looking to build another technology.

 

[unknownsmmers]

Maybe Elon Musk is looking to build another technology.

MarsPal, inter-planet money transferring.