PayPal Policy Update on Refunds Sellers to Forfeit Fees

[onlinesportsrus]

Just received this email from PayPal, called them immediately and they verified that effective 5-7-19 when sellers have to refund a buyer they WILL NOT get their 2.9% back. PayPal will keep it.

We are updating the PayPal Account User Agreement for U.S. customers. These changes will go into effect on May 7, 2019. If you agree to these changes, you don’t have to do anything. If you don’t agree with these changes, you may close your account. If you close your account before May 7, 2019, the changes will not apply to you.

Amendments to the PayPal Account User Agreement

We’re removing the flat rate pricing for sending money to friends and family members who have PayPal accounts in a country other than the United States and introducing a new variable fee of 5% based on the amount you send with a minimum of $0.99 and a maximum of $4.99 per transaction. We’re also removing any variation depending on the recipient’s country.
We are changing the currency conversion spread to 3.25% over a base exchange rate in situations where you are a sender of money in a PayPal transaction.
We’re changing how we treat refunds. If you refund (partially or fully) a transaction to a buyer or a donation to a donor, there are no fees to make the refund, but the fees you originally paid as the seller will not be returned to you.

[escuintla]

Just another blessing. 

Gas is up, anything at the supermarket is up, property taxes up, and on, and on, and on. 

[ekmadonna]

It's the way of corporate America, TAKE, TAKE, TAKE, TAX,TAX,TAX. I live in Rhode Island and ALL the Stop & Shop Supermarkets in New England just went on strike. There backed by the Teamsters, Great for them, I have refused to go there for years, That Company-not even based in the United States anymore made 2 Billion in Profit last year and all they do is lay people off and want the Highly Underpaid workers there minimum wage workers to take a PAY CUT! Amazon and Bezos just announced they are starting to TAX the final Value Fees on Sales, and check the list out of NEW TAXES---TAKE TAKE TAKE TAX TAX TAX

- What fees are taxable?

Selling on Amazon fees (based on your business location):

• Referral Fee

• Subscription Fee

• Variable Closing Fee

• Per-item Fee

• Promotion & Merchandising Fee

• Refund commission Fee

• Checkout by Amazon

• Sales Tax Collection Fee

FBA service fees (based on order fulfillment center):

• Labeling Fee

• Polybagging Fee

• Bubble wrap Fee

• Taping Fee

• Opaque Bagging Fee

• Repackaging Fee

[vintagecraze50]

Just peachy-the big corps get richer, the small fries at Mcdonald’s Get burnt.

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@onlinesportsrus wrote:

Just received this email from PayPal, called them immediately and they verified that effective 5-7-19 when sellers have to refund a buyer they WILL NOT get their 2.9% back. PayPal will keep it.

We are updating the PayPal Account User Agreement for U.S. customers. These changes will go into effect on May 7, 2019. If you agree to these changes, you don’t have to do anything. If you don’t agree with these changes, you may close your account. If you close your account before May 7, 2019, the changes will not apply to you.

Amendments to the PayPal Account User Agreement

We’re removing the flat rate pricing for sending money to friends and family members who have PayPal accounts in a country other than the United States and introducing a new variable fee of 5% based on the amount you send with a minimum of $0.99 and a maximum of $4.99 per transaction. We’re also removing any variation depending on the recipient’s country.
We are changing the currency conversion spread to 3.25% over a base exchange rate in situations where you are a sender of money in a PayPal transaction.
We’re changing how we treat refunds. If you refund (partially or fully) a transaction to a buyer or a donation to a donor, there are no fees to make the refund, but the fees you originally paid as the seller will not be returned to you.

---

[nc-daydreamer]

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@ekmadonna wrote:

It's the way of corporate America, TAKE, TAKE, TAKE, TAX,TAX,TAX. I live in Rhode Island and ALL the Stop & Shop Supermarkets in New England just went on strike. There backed by the Teamsters, Great for them, I have refused to go there for years, That Company-not even based in the United States anymore made 2 Billion in Profit last year and all they do is lay people off and want the Highly Underpaid workers there minimum wage workers to take a PAY CUT! Amazon and Bezos just announced they are starting to TAX the final Value Fees on Sales, and check the list out of NEW TAXES---TAKE TAKE TAKE TAX TAX TAX

- What fees are taxable?

Selling on Amazon fees (based on your business location):

• Referral Fee

• Subscription Fee

• Variable Closing Fee

• Per-item Fee

• Promotion & Merchandising Fee

• Refund commission Fee

• Checkout by Amazon

• Sales Tax Collection Fee

FBA service fees (based on order fulfillment center):

• Labeling Fee

• Polybagging Fee

• Bubble wrap Fee

• Taping Fee

• Opaque Bagging Fee

• Repackaging Fee

---

Has anyone sent a complaint to the Atty General or the IRS, BBB, or other federal agency? 

[annadryl]

Lovely how they basically say "If you don't like, then quit before May 7th!"

[ekmadonna]

No idea, but people should be calling. As far as the Amazon announcement that just hit and is now on Ecommercebytes, the way I read it the NEW TAX on the Final Value Fees collected will be different for different states. But the seller not the buyer is being hit with this.

[vintagecraze50]

So how will that work with other payment processors. Are all of them going to do this as well?

[ekmadonna]

Well what do you think? there are no dummies here!

[vintagecraze50]

Amazon I hear is getting like the old slave labor camps. People there cannot even go to the bathroom . There will come a day when the elite will rule the earth. I hope I am not around when that happens. It will be like THE END DAYS.

[vintagecraze50]

YEP, follow the leader.

[ekmadonna]

Pretty soon it won't just be the big corporations or states stealing money out of our pockets it will be cities, counties and municipalities also. Kind of like when I go out to dinner now, I don't just pay a TAX on my meal to the state of RI, I also pay a tax added on to that to the City or Town I am dining in! oh and the sales tax to both parties is you guessed it TAXABLE!

[gracieallen01]

"PayPal Policy Update on Refunds Sellers to Forfeit Fees"

You might think about changing the title of your thread.

To 'forfeit' means to lose by misconduct. 

What has the seller done wrong -  misconduct -  that is the reason for a penalty of the fees being kept by PayPal?

The only misconduct I can see is using PayPal.

[gdiesel70]

“There will come a day when the elite will rule the earth. I hope I am not around when that happens. It will be like THE END DAYS.”

it’s been that way since the beginning of times.  

[myjunqueyourtreasure]

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@ekmadonna wrote:

It's the way of corporate America, TAKE, TAKE, TAKE, TAX,TAX,TAX. I live in Rhode Island and ALL the Stop & Shop Supermarkets in New England just went on strike. There backed by the Teamsters, Great for them, I have refused to go there for years, That Company-not even based in the United States anymore made 2 Billion in Profit last year and all they do is lay people off and want the Highly Underpaid workers there minimum wage workers to take a PAY CUT! Amazon and Bezos just announced they are starting to TAX the final Value Fees on Sales, and check the list out of NEW TAXES---TAKE TAKE TAKE TAX TAX TAX

- What fees are taxable?

Selling on Amazon fees (based on your business location):

• Referral Fee

• Subscription Fee

• Variable Closing Fee

• Per-item Fee

• Promotion & Merchandising Fee

• Refund commission Fee

• Checkout by Amazon

• Sales Tax Collection Fee

FBA service fees (based on order fulfillment center):

• Labeling Fee

• Polybagging Fee

• Bubble wrap Fee

• Taping Fee

• Opaque Bagging Fee

• Repackaging Fee

---

I honestly don't understand a tax on fees by the one paying them. I really don't.