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WTF! Paypal now keeping fees on refunds

Discussion in 'BlackHat Lounge' started by whynotmakeit, Jan 23, 2014.

  1. whynotmakeit

    whynotmakeit Power Member

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    I hope this doesn't apply in your country, but just received these new terms and conditions from paypal effective today... No doubt coming to a place near you soon!.....

    If you issue a full refund of the Commercial Payment, we will retain the full Fixed Fee portion of the Commercial Payments Fee.

    Changes to Refund Fee for Sellers in China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam
     
  2. OMG

    Paypal really sucks day by day
     
  3. PrinceVisi

    PrinceVisi Elite Member

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    I'm lucky for the moment. I am from Albania.
     
  4. whynotmakeit

    whynotmakeit Power Member

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    sorry to ruin your day mate but this also out today.......

    Clarification on Refund Fee for Sellers in Albania, Andorra, Bosnia and Herzegovina, Croatia, Iceland, Turkey
    For Sellers in Albania, Andorra, Bosnia and Herzegovina, Croatia, Iceland and Turkey:

    1. If you issue a full refund of the Commercial Payment, we will retain the full Fixed Fee portion of the Commercial Payments Fee.
     
  5. Roshaen

    Roshaen Elite Member

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    99% of those countries are asian .Could be because of the different currency and policies.
    Anyway paypal always sucks but we are forced to use it as its the most preferred options for payments and most people prefer paypal.
     
  6. PrinceVisi

    PrinceVisi Elite Member

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    Madhafakers... Eitherway, what doesn't kill us, makes us stronger.
     
  7. whynotmakeit

    whynotmakeit Power Member

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    True. But NZ where my PP is registered is hardly Asian... and more aligned with Australia. We are still part of the Commonwealth.... Anyways I don't think it matters what country, refunds are a legitimate part (small granted) of doing everyday business...Even CC companies recognize this..... Just another reason to go out of our way and offer others form of payment...
     
  8. TheHound

    TheHound Registered Member

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    WOW this really blows. I mean I havent had to deal with much business from that area yet but I am sure it is only a mater of time before it hits the U.S. BUMMER
     
  9. whynotmakeit

    whynotmakeit Power Member

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    Yeah that was my point.... Its not what country you deal with, it's the country that your PP was setup in :-(
    Only a matter of time as you say imho......
     
  10. davids355

    davids355 Jr. VIP Jr. VIP

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    Cheeky buggers!