Dear PayPal Customer,
In order to better align the fees for using PayPal with the costs of
providing our service, we are revising the fees we charge Premier
and Business users as of December 1, 2000. We are reducing the
variable rate for receiving non-credit card payments from 1.9% to
1.6%, and we are lowering the maximum fee for such a transaction
from $9.50 to $5. At the same time, we are increasing the variable
rate for credit card payments from 1.9% to 2.2%. A flat fee of 30
cents will apply to all transactions, and this will be the only
charge on transactions under $15 -- that's less than the price of a
postage stamp.
On a blended basis, the new variable rates average the same as our
current rate of 1.9%. However, the new fee structure provides an
opportunity for cost savings for users who prefer payments funded by
a bank account or PayPal balance. In December, we plan to launch a
feature that will allow payment recipients to further save money by
choosing the kinds of payments they accept; this feature will allow
you to set your preferences to receive only non-credit card payments
from Verified buyers.
* * * * * * * * * * * * * * * * * * * * * * *
REASONS FOR THE ADJUSTMENT
Why have we adjusted the rates to charge less for non-credit card
payments and more for credit card payments? We want to tie our fees
more closely to our costs. Credit card processing is expensive;
merchants such as PayPal must pay fees for all VISA (TM) and
MasterCard (TM) transactions. Of course, there are many other
expenses that our company must cover, too - including servers and
other equipment for our website, our 500-employee customer service
center, our Buyer and Seller Protection services, and the overhead
associated with running an online financial services firm. But,
since credit card payments cost us more than non-credit card
payments, we thought it was fair to reflect this difference in our
pricing.
* * * * * * * * * * * * * * * * * * * * * * *
THE WEB'S #1 PAYMENT SERVICE
We are proud that we're able to make PayPal the cheapest payment
method around. Many banks and master merchants charge as much as 9%
to receive credit card payments! And receiving a $30 credit card
payment with eGay's (TM) billing service costs $1.25 for standard
account users (3.0% + 35 cents) and $1.03 for merchant account users
(2.25% + 35 cents) -- compared to just 96 cents with PayPal. eGay
also charges an extra 1% fee just for receiving international
payments, while there are no extra fees for international payments
received with PayPal. And PayPal also protects sellers from
chargebacks with our Seller Protection Plan, yet another
cost-savings for our users that the competition can't match. But
when you use PayPal to receive money online, you're not only using
the cheapest payment method available on the Web, you're also using
the best.
PayPal is fast, simple, and safe - that's why over 4.5 million
people in 26 countries around the world use PayPal to send and
receive money. And with 2.5 million auction listings, PayPal is the
#1 online payment service for eGay sellers, as well as the only
choice for millions of buyers who want to pay for their purchases
instantly and securely.
As a valued customer, we know that you're the reason PayPal is the
Web's #1 payment service. And we promise to keep working to make
our service even better for you!
Sincerely,
The PayPal Team
www.PayPal.com ----------------------------------------------------
This email is a policy change announcement regarding your PayPal
account. As a financial services firm, it is occasionally necessary
for PayPal to email its users regarding updates to their account
status or changes to our policies.
Haha. They know there goin down
Idiots were supposed to cancel my account over a week ago, and they havent done that yet either
In order to better align the fees for using PayPal with the costs of
providing our service, we are revising the fees we charge Premier
and Business users as of December 1, 2000. We are reducing the
variable rate for receiving non-credit card payments from 1.9% to
1.6%, and we are lowering the maximum fee for such a transaction
from $9.50 to $5. At the same time, we are increasing the variable
rate for credit card payments from 1.9% to 2.2%. A flat fee of 30
cents will apply to all transactions, and this will be the only
charge on transactions under $15 -- that's less than the price of a
postage stamp.
On a blended basis, the new variable rates average the same as our
current rate of 1.9%. However, the new fee structure provides an
opportunity for cost savings for users who prefer payments funded by
a bank account or PayPal balance. In December, we plan to launch a
feature that will allow payment recipients to further save money by
choosing the kinds of payments they accept; this feature will allow
you to set your preferences to receive only non-credit card payments
from Verified buyers.
* * * * * * * * * * * * * * * * * * * * * * *
REASONS FOR THE ADJUSTMENT
Why have we adjusted the rates to charge less for non-credit card
payments and more for credit card payments? We want to tie our fees
more closely to our costs. Credit card processing is expensive;
merchants such as PayPal must pay fees for all VISA (TM) and
MasterCard (TM) transactions. Of course, there are many other
expenses that our company must cover, too - including servers and
other equipment for our website, our 500-employee customer service
center, our Buyer and Seller Protection services, and the overhead
associated with running an online financial services firm. But,
since credit card payments cost us more than non-credit card
payments, we thought it was fair to reflect this difference in our
pricing.
* * * * * * * * * * * * * * * * * * * * * * *
THE WEB'S #1 PAYMENT SERVICE
We are proud that we're able to make PayPal the cheapest payment
method around. Many banks and master merchants charge as much as 9%
to receive credit card payments! And receiving a $30 credit card
payment with eGay's (TM) billing service costs $1.25 for standard
account users (3.0% + 35 cents) and $1.03 for merchant account users
(2.25% + 35 cents) -- compared to just 96 cents with PayPal. eGay
also charges an extra 1% fee just for receiving international
payments, while there are no extra fees for international payments
received with PayPal. And PayPal also protects sellers from
chargebacks with our Seller Protection Plan, yet another
cost-savings for our users that the competition can't match. But
when you use PayPal to receive money online, you're not only using
the cheapest payment method available on the Web, you're also using
the best.
PayPal is fast, simple, and safe - that's why over 4.5 million
people in 26 countries around the world use PayPal to send and
receive money. And with 2.5 million auction listings, PayPal is the
#1 online payment service for eGay sellers, as well as the only
choice for millions of buyers who want to pay for their purchases
instantly and securely.
As a valued customer, we know that you're the reason PayPal is the
Web's #1 payment service. And we promise to keep working to make
our service even better for you!
Sincerely,
The PayPal Team
www.PayPal.com ----------------------------------------------------
This email is a policy change announcement regarding your PayPal
account. As a financial services firm, it is occasionally necessary
for PayPal to email its users regarding updates to their account
status or changes to our policies.
Haha. They know there goin down
Idiots were supposed to cancel my account over a week ago, and they havent done that yet either 
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