New Canadian PayPal policy

Pacman69

Verified Trader,
Joined
Aug 4, 2008
Messages
2,305
Reaction score
5
Location
Winnipeg, MB
Policy Updates
This page informs customers in advance of important changes to the PayPal service, our User Agreement, or other policies. This page displays policy updates with future effective dates. Go to “Past Policy Updates” for previous policy updates.





Updates to the Canada User Agreement and the PayPal Website Payments Pro and Virtual Terminal Agreement (“Pro/VT Agreement”)

Effective Date: October 10, 2017 (unless otherwise noted)



Updates to the Canada User Agreement
We have some exciting updates for you:

· We’re expanding Seller Protection. Effective immediately, seller protection will now apply transactions where the item is listed in a classified advertisement and the transaction is completed in-person. Buyer protection will not apply to these transactions. Buyers and sellers will continue to be protected against unauthorized transactions.

· We’re giving you greater choice in how you use PayPal. You will now be able to pick any funding source in your PayPal account as a preferred payment method when shopping with PayPal. We’ve included additional details on which funding source will be used for different types of payment transactions, when you send money to family or friends, and for pre-approved transactions, such as subscriptions.

· We are making it easier than ever to send money. We are introducing new flat fee pricing for international Personal Payments funded using either your PayPal balance or a bank account and we are simplifying pricing for Personal Payments funded using credit cards or Visa Debit cards.

Country of Recipient's Account
Cross-border fee
Funding Instrument Fee
Funded by your PayPal balance or a bank account linked to your PayPal account
Funded by a credit card or Visa Debit card
United States, Northern Europe*, Europe I** or Europe II***
$2.99 CAD flat fee
No fee
2.9% + fixed fee based on the currency
Any other country
$4.99 CAD flat fee
No fee
2.9% + fixed fee based on the currency




So does this mean I am now paying an extra 2.99 cad for every non Canadian bank transaction..:::::or am I reading this wrong


Help

Pacman
 
It's amazing how they can spin it as a positive while saying "we're now charging you for something you used to be able to do for free".

Stupid banks. :duh::duh:
 
It's amazing how they can spin it as a positive while saying "we're now charging you for something you used to be able to do for free".

Stupid banks. :duh::duh:

PayPal gift, or friends and family as they call it now was not free if sending outside of Canada. It was 1% to USA, not sure for anywhere else. So now it costs $2.99 no matter the amount sent to USA. Which could save you money if sending large amounts or cost you money on lower amounts.
 
PayPal gift, or friends and family as they call it now was not free if sending outside of Canada. It was 1% to USA, not sure for anywhere else. So now it costs $2.99 no matter the amount sent to USA. Which could save you money if sending large amounts or cost you money on lower amounts.

It certainly wasn't free if sending "gift" payment from a CC either.
 

Latest posts

Forum statistics

Threads
390,210
Messages
2,239,368
Members
4,172
Latest member
Singin
Back
Top