PayPal’s upcoming changes to fees and friends & family transactions

Starting July 28, 2022, for the customers in the US, the Goods & Services seller fee will change to 2.99%, with no fixed fee. This is to compare with the current 2.89% + $0.49. Additionally, the US customers will now only be able to send Friends and Family peer-to-peer payments to consumer PayPal accounts.

As an example, if a customer is buying a piece of furniture for $225.00 USD, the seller will now pay $6.73 USD under the new simplified fee structure, versus $6.99 USD under the previous structure. In addition, Goods and Services transactions may be eligible for Purchase Protection which can be beneficial for both buyers and sellers.

PayPal, Jun 22, 2022

About the Author

Daniel Sodkiewicz

CTO and co-founder of GeekSeller, currently Daniel lives in Austin, TX.

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