PayPal Glitch After All? | Ramblings of an e-trader

Friday, 16 November 2007

PayPal Glitch After All?

A couple of posts back, I wrote that PayPal has a new fee structure that will charge us 3.9% + 30 cents for every incoming payment. They do normally charge amount but when one is paying by mass pay, it should be free.

Last week, every single payment came with a deduction so I was thinking that it is rather ridiculous to have to pay through our nose to accept funds. 3.9% + 30 cents is a high rate to charge and I don't mind paying that once in a while for added benefits of a Premier account.

The good news is that PayPal admitted their error and have refunded all the monies that were deducted. SO I am thinking now that it is a glitch. Thankfully so. I am richer by US$10 now :D

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