https://newsroom.paypal-corp.com/2021-06-18-Upcoming-Changes-for-Some-US-Businesses

[Newsroom_W]
[                                ] [Search]
  * Stories
    Corporate Research and Insights
    Product PayPal
    Social Innovation Venmo
    Financial Honey
  * News
    Corporate Research and Insights
    Product PayPal
    Social Innovation Venmo
    Financial Honey
  * Media Resources
  * About
  * Contact

[                                ] [Search]
Close

  * Region

    North America

    Global / USA (English) Canada (English)

    Latin America

    Brazil (Portuguese) Latin America (Spanish)

    Europe

    France (French) Germany (German) Ireland (English) Italy
    (Italian) Spain (Spanish) United Kingdom (English)

    Asia Pacific

    Australia (English) China (Simplified Chinese) India (English)
    Japan (Japanese)

[                                ] [Go]
Upcoming Changes for Some US Businesses
Jun 18, 2021

Product

Dan Leberman, SVP, SMB and Partners 

We are making changes to our published rates in the United States to
better align our pricing with the value that our products and
services provide. Our goal is to be transparent and upfront with our
customers about the changes. These rates will apply to a portion of
our merchant customers in the U.S. beginning August 2, 2021. We began
notifying some customers today, and you can find a notice on our
Policy Updates page.

  * PayPal Digital Payments: For PayPal payment products (such as
    PayPal Checkout, Pay with Venmo, PayPal Credit, Pay in 4, PayPal
    Pay with Rewards, Checkout with crypto), which include Seller
    Protection on eligible transactions, the rate for online
    transactions will be 3.49% + $0.49^1 per transaction.
  * In-person Payments: For PayPal and Venmo QR code transactions
    over $10, the rate will be 1.90% + $0.10, and for such
    transactions $10 and under, the rate will be 2.40% + $0.05. For
    certain in-person debit and credit transactions the rate will be
    2.29% + $0.09.
  * Credit and Debit Card payments:  Online credit and debit card
    transactions will be 2.59% + $0.49^1 per transaction without
    Chargeback Protection, or 2.99% + $0.49 with Chargeback
    Protection.
  * Charity Transactions: Fees for charity transactions will be 1.99%
    + $0.49 for confirmed charities (subject to application and
    pre-approval).
  * Non-standard Pricing: For U.S. merchants who have custom,
    non-standard pricing, rates will remain unchanged for those
    services as agreed.

 

PayPal pricing rates

 

Why are we making this change?

As PayPal has been evolving our business alongside our merchant
business partners, we have accelerated the rollout of products,
features, and capabilities, delivering more benefits than ever
before. With this, PayPal has become more than just a button or
payment processor to be a full commerce platform capable of driving
growth for businesses of all sizes online or in person. In fact, our
merchant customers benefit from the following:

  * Consumers who choose PayPal as a payment method are 60% more
    likely to convert than consumers who do not choose PayPal as a
    payment method. ^2
  * Consumers are nearly three times more likely to complete their
    purchase when PayPal is available at checkout.^3
  * Our recently announced Buy Now, Pay Later solutions have resulted
    in a 15% lift in payment volume for businesses.^4

Additionally, we are continuing to partner and invest in our
platforms to enhance payment experiences, provide greater choice for
the way people pay for goods and services, improve protection and
security measures to give people peace of mind when transacting
digitally, and improve authorization and conversion rates.

We are continuing to innovate at record pace and empower businesses
to never miss a transaction no matter where they do business. By
investing in our data analytics capabilities, the improvement of our
fraud tools, and the new consumer experiences we are delivering with
products like Buy Now and Pay Later, Pay with Rewards Points, and
Checkout with crypto - we remain at the cutting edge of payments.

See how our adjusted pricing in the U.S. stacks up to others in the
industry, and you can learn more at this SMB pricing page:

Online Credit and Debit Card Payments

 

In-Person Payments

 

Our commitment to our partners - businesses that are the lifeblood of
our communities and economy - has never been stronger. We will
continue to invest, innovate, and provide businesses with the tools
and experiences they need to grow, convert, and retain customers.

For more information about these changes, please visit our PayPal
Merchant Fees page and our pricing FAQ.

 

 

^1 Note that our fixed fees, which depend on the currency for the
transaction, will be changing as well. Learn more on our Policy
Updates page.

^2 comScore online panel commissioned by PayPal, Q4 2017-Q1 2018.

^3 Nielsen, Commissioned by PayPal, A Study to understand and measure
the impact that PayPal has for U.S.-based LE merchants across
different verticals (e.g., health & beauty, travel, fashion) by
Nielsen Behavioral Panel of desktop transactions from 15,144 U.S.
consumers between July 2020 to September 2020.

^4 Early results continue to show a significant 15% engagement lift
in transactions and TPV. -- PayPal Q2 2021 Earnings
 

Stay up to date

Sign up to receive the latest news to your email.

Subscribe

[Newsroom_W]

PayPal.com
Venmo.com
JoinHoney.com

Our Global Newsrooms

  * Global/USA
  * Australia
  * Brazil
  * Canada
  * China

  * France
  * Germany
  * India
  * Ireland
  * Italy

  * Japan
  * Latin America
  * Spain
  * UK

Stay in Touch

Keep up to date on social media

  * [InstagramC]
  * [TwitterCir]
  * [FacebookCi]
  * [YouTubeCir]

(c) PayPal 2021 All rights reserved.

See our Privacy Policy  |  Contact Us
[piwik]