via wired.com
The trailer is here! The most expensive movie in the whole hospital. The movie that goes BING!
If you’re a PayPal customer, you may be in for a surprise the next time you look at your account.
Personal accounts are now charged a 2.9% fee + 30 cents to receive payments for “Goods” or “Services”, something that was previously free. No formal announcement about the change was made.
“We didn’t want to make a huge formal communication out of this pricing change, because we weren’t really adding any fees, and we were hoping it would be a more useful experience for people.” — Charlotte Hill, PayPal PR Manager
Read that again. They chose not to announce it because it would be a more useful experience. PayPal’s director of product marketing, Heinz Waelchli was also less than forthcoming on the PayPal blog while trying to spin the story.
This double-dipping — charging both sellers and receivers for transactions — will result in a major increase in fee revenue for eBay Inc. which owns PayPal.
Want to get around this blatant money grab? Get a Premium or Business Account with PayPal. Or just ditch PayPal altogether, and sign up for Google Checkout.
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This entry was posted on Wednesday, August 19th, 2009 at 9:08 am, contains 180 words, 7 images, and is filed under Web Tech. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed. The views and opinions in this blog post are those of its author.
Anyone else sick of getting burned by big companies?
A decent collection of Mac software for $50 bucks, the best being WriteRoom and REALbasic.
An excellent service attacked. People can be so low. Have faith in the company, there isn't much on the net thats 100% secure - if any at all.
Very cool idea and execution. A little pricey though. $30 for a small ledge. Still, I may get one.
