It’s happening: PayPal will be increasing its payment processing fees for multiple countries in Asia. The policy will take effect automatically on 10 September.
The changes are made to ensure PayPal can improve its product offerings with better merchant protection and checkout experiences for consumers, said a company spokesperson.
To help you through the fog that is PayPal’s extremely complex pricing fee structure, here’s a roundup of the changes:
Countries affected: China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam
| Commercial payments fee | ||
|---|---|---|
| Old | New | |
| Domestic payments | ||
| Standard rate | 3.4% + fixed fee | 3.9% + fixed fee |
| Standard eBay rate | 3.4% + fixed fee | |
| Merchant rate | From 2.4% to 3.4% + fixed fee | From 2.9% to 3.9% + fixed fee |
| Merchant eBay rate | From 2.4% to 3.4% + fixed fee | |
| International payments | ||
| Standard rate | 3.9% + fixed fee | 4.4% + fixed fee |
| Standard eBay rate | 3.9% + fixed fee | |
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