PayPal is raising its sellers' fees in Australia, as its website now shows. The rate increase is from 2.4 per cent plus 30 cents to 2.6 per cent plus 30 cents for transactions up to A$2500. Thus, PayPal's smallest sellers will be hit with what is effectively an eight per cent price rise from 12 February.
The payments service also announced new pricing, adding a fifth tier,
according to online news website EcommerceBytes, which reported that sellers with a monthly sales volume of between $2,500 and $5,000 will pay 2.2 per cent plus 30 cents for domestic transactions. Sellers can apply for the new rate on the PayPal website, according to EcommerceBytes
Sending money to friends and family in Australia is free if the transfer is funded via a customer's bank account or from a PayPal balance.
In other PayPal changes, Don Kingsborough, one of the firm's longstanding US executives, is to leave the company. He has been described elsewhere as the architect of PayPal's recent ineffective push into bricks and mortar retail payments.