PayPal Raises Fees Between UK And Europe
PayPal has just announced it will charge a new fee to all European members who use its online payment processing services. According to PayPal, the new rates would be implemented from April 1st. So, how will this new fee break you off from using PayPal?
The first thing to do is to understand that PayPal has chosen only certain online payment processors for its services. These are not the same companies who handle your online shopping cart on eBay or other auction sites. Therefore, if you would like to shop online from one of these ecommerce websites, you won’t have access to PayPal. If you’re an established merchant who ships goods to Europe, you could still process payments through PayPal, but you’ll probably need to upgrade your membership to take advantage of higher levels of security and fraud protection.
PayPal’s new policy also affects businesses that process payments for others
If you have a partnership with another company, you’ll need to learn about their policies about fees and gateway protection. If you don’t, you could run into a lot of problems down the line, especially if you have to change services. That means you could lose out on new partners, customer base, and sales. PayPal’s decision could also impact your business in other ways: If your customers choose to pay with PayPal but choose not to enter through your portal, you won’t get paid! And, if you have third-party platforms such as Zencart or MyEcommerce that accept PayPal as a means to make purchases, you’ll have to upgrade to their higher membership levels to process credit card payments.
This new charge will undoubtedly raise many questions among online merchants
First, what is PayPal doing to protect customers? And under fire lately for not doing enough to stop “phishing” attacks – where hackers use stolen credit card details to try and get money out of consumers. PayPal would only charge these sites fees, but it wouldn’t stop any new charges from being placing onto your account. Similarly, any online service that processes payments for you (e.g. PayPal) would not be affecting by this move.
You may also be concerned about the security of your personal and financial information
While we understand your concerns, PayPal’s decision to increase its fees will not prevent you from paying your bills online – nor will it stop hackers stealing your information. In fact, PayPal is using the threat of bad press to put pressure on other companies to act more responsibly. By blocking accounts, it’s trying to make businesses work harder to make their customers’ information safe.
What’s the best way to protect yourself and your business?
There are many ways to do this, but the most effective is to upgrade to a higher membership level. When you’re already a member. You’ll have a solid history of payment processing, and thus it’ll be easier for you to process payments on time. You’ll also have the added security of knowing that you have the ability to dispute any unauthorized transactions. This will help you protect yourself, and your company, against loss and damage that could arise as a result of an unauthorized transaction. Simply put, as members of PayPal continue to stolen by hackers, you need to take the necessary steps to protect yourself and your business.
In order to make the most out of your PayPal membership and your ability to process credit cards online, follow the links below to start taking advantage of the increased fees between UK and Ireland. You can pay your bills right from your PayPal account, and you’ll have access to the tools and features available when you need them. PayPal is an excellent solution for both paying invoices online and for making online purchases.
Why settle for old-fashioned mail-and-mail when you can process your payments securely and easily through PayPal?
You can process all major credit cards in the safe confines of your own home. And you’ll never have to worry about making a payment late again. PayPal makes it easy to pay invoices online. And it gives you the tools you need to get the job done. It’s time to upgrade from paper checks to PayPal to take your financial transaction between UK and Ireland to the next level.