PayPal adds US cross border fee for Canadian sellers
PayPal seem to be making some tentative steps globally in changing the fees they charge for their service. Firstly, UK traders taking more than £55k via PayPal will have to get in contact PayPal to get the more competitive Merchant Fees.
Now it sees that Canadian sellers trading with the US will be impacted by the some changes and will have to pay a cross border fee of 0.8% when they sell to a US buyer.
Here’s what they say: “We have made changes to Section 8.4(b) of the UA and Section 2(e) of the Pro/VT Agreement to update the fees that apply to Canadian Sellers selling to buyers located in the United States. These fee changes will become effective on April 13, 2016. If you are a consumer, these changes will be implemented on March 14, 2016 and will also become effective on April 13, 2016.”
Historically PayPal have seldom changed their fees for sellers. But not it looks like they are reviewing them. Will you be impacted by this change?