PayPal is increasing two transaction fees next month.
Are you a U.S. resident selling a domain name to someone overseas? PayPal is about to be a more expensive option to receive payment.
PayPal has updated its user agreement and is raising fees in two ways that will make these transactions more expensive.
First, it is increasing the payment fee for sales made to people outside the U.S. from 3.9% to 4.4%. This is in addition to a small fixed fee per payment.
Second, it is increasing the currency conversion fee from 2.5% to 3.0% over the exchange rate set by PayPal’s bank.
Those numbers start to add up.
You can see a summary of PayPal’s changes here.
The increased fees go into effect March 29, 2017.