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- eBay Discussion! (https://www.aspkin.com/forums/ebay-discussion/)

- - Paypal new rules? (https://www.aspkin.com/forums/ebay-discussion/120935-paypal-new-rules.html)

wwwbest

10-16-2018 08:27 PM

Paypal new rules?

Does this mean you must have money your debit card? On Nov. 7, Instant Transfers will cost 1% of the amount you transfer, with a maximum fee of $10.00. Use your eligible debit card for Instant Transfers. Transfer times vary by bank and may take up to 30 minutes.

SaiJin

10-16-2018 08:35 PM

Re: Paypal new rules?

Wait, I thought that this is only for international transactions?

I need to read the whole new policy one of these days.

empirestate

10-16-2018 08:39 PM

Re: Paypal new rules?

Quote:

Originally Posted by wwwbest (Post 950418)

Paypal is getting greedy, they want a portion of everything....

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wwwbest

10-16-2018 08:42 PM

Re: Paypal new rules?

Quote:

Originally Posted by empirestate (Post 950424)

This mean you must have debit card on file?

ascend_18

10-16-2018 09:49 PM

Re: Paypal new rules?

This has already been implemented on the two accounts I have eligible debit cards linked to.. No, you don't have to have money on the card you're transferring to, it's automatically deducted from the amount being transferred.. and that's only for instant transfers, you can still just have a bank acct linked if you're withdrawing that way

Dramjack

10-16-2018 10:12 PM

Re: Paypal new rules?

Good news for the PP users. :)

phaz0rz

10-17-2018 06:47 AM

Re: Paypal new rules?

All they did was change the fee structure for debit card withdrawals on USA accounts because they were losing money on larger transfers. It used to be $.25 per withdrawal and now it's been changed to 1% of the withdrawal amount with a max of $10. Naturally they are going to deduct the fee from the amount you're withdrawing since it would cost Paypal more in processing fees for them to 1) push the transfer to your debit card and then 2) process a separate transaction for the fee amount.

leighanns520

10-17-2018 08:37 PM

Re: Paypal new rules?

I recently got this info in a notification on paypal.

I am already sending money to my debit card for.25 charge per transaction

rsot	10-17-2018 09:02 PM

Re: Paypal new rules?

Quote:

Originally Posted by Dramjack (Post 950438)

Good news for the PP users. :)

How is this good news?

slokor

10-17-2018 09:21 PM

Re: Paypal new rules?

All it means is if you have a debit card on file that you use to withdraw funds to it will now be more expensive to do so.
No impact on bank withdrawals or anything else.

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