The payment service provider PayPal wants to increase its fees in the future.
However, not all transactions are likely to be affected by the rising costs.
Kassel - PayPal wants to increase its fees.
However, only certain transactions should be affected.
The planned increases are to apply exclusively to payment transactions between Great Britain and EU countries.
Customers and dealers alike will be hit hard by the rising costs.
This emerges from a newly published payment overview from PayPal.
Accordingly, the payment service provider wants to charge a fee of 1.29 percent of the respective amount of money in the future.
That means an increase of 0.79 percent.
So far the fee is 0.5 percent.
The planned increases are to apply from November 10, 2021.
Increased PayPal fees are a late aftermath of Brexit
Despite the rising costs, the price for EU transactions to the UK via PayPal is lower in a global context.
Anyone who sends money to countries outside the EU has to dig deeper into their pockets.
Paypal charges a fee of 1.99 percent of the amount due for these transactions.
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According to the BBC, the future price increases are late aftermaths of Brexit.
The change is intended to simplify the handling of fees in an international context - primarily for merchants, PayPal told the British broadcaster.
The new step will enable providers to better compare prices and values between PayPal and other providers.
Association criticizes increased PayPal fees
In reality, however, it looks different for many retailers and small businesses, criticizes the Federation of Small Business, among others.
Even now, more and more small traders are giving up their exports to the EU.
The reason: the higher costs since Brexit.
(Jan-Frederik Wendt)
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The consumer center in Göttingen warns of sales traps on the Internet - also with PayPal *.