\n“PayPal will begin pocketing the initial 2.9 percent commission fee sellers forfeit during a transaction even when the seller is refunding a customer in full.”<\/p>\n<\/blockquote>\n\n\n\n
How this is impacting me? I regularly receive payments from people via PayPal and I have for 25 years and it’s for simple things like I will cover an entire road trip and using a Split App, will collect reimbursements from everyone after the trip. I use my credit card for all gas, then tell everyone how much they owe me equally. If they covered dinner one night, that comes out of what they owe me. I recommend SplitWise highly. In other situations, it’s folks gifting me money via online tip programs. I’m not realizing any business taxable income despite the fact my PayPal account has been a business account for 20 years. I set it up that way and therefore, I can no longer accept payments as Friends & Family. Someone sent me $2,000 and it was a $60 charge. <\/p>\n\n\n\n
After some back and forth, I told them to just use Zelle\/Cash App or Venmo which they did. I did a full refund via PayPal but I noticed that my account was still showing negative $60. It was only when I did some digging did I realize that even though my friend received his full $2,000 back, I was still on the hook for those fees. <\/p>\n\n\n\n
I’ll be closing my PayPal account and not accepting it going forward….well, after my transfer from my bank to PayPal for $60 fees when a friend paid me back. I guess that tank of gas is on me? <\/p>\n","protected":false},"excerpt":{"rendered":"Paypal’s fee structure is anti-individual and clearly they only want to serve businesses. Venmo, Zelle, Apple Pay Cash…\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","apple_news_api_created_at":"2023-02-27T02:54:50Z","apple_news_api_id":"5f700e12-f099-4da4-b250-dc8e6cd6cd03","apple_news_api_modified_at":"2023-02-27T02:54:50Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/AX3AOEvCZTaSyUNyObNbNAw","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_custom_appearance":"","csco_disable_excerpt_posts_layout":false,"csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[17],"tags":[],"class_list":["post-12026","post","type-post","status-publish","format-standard","category-technology","cs-entry","cs-video-wrap"],"apple_news_notices":[],"jetpack_publicize_connections":[],"jetpack_shortlink":"https:\/\/wp.me\/pb3IC4-37Y","jetpack-related-posts":[{"id":3319,"url":"https:\/\/adamchandler.me\/blog\/2011\/12\/06\/on-paypal-and-social-media-riotseveryone-sucks\/","url_meta":{"origin":12026,"position":0},"title":"\u2605 On Paypal and Social Media Riots\u2026everyone sucks","author":"Adam Chandler","date":"December 6, 2011","format":false,"excerpt":"via Paypal's Facebook Wall: Try being less \u201casshole\u201d and more \u201cforgiving.\u201d It\u2019s absolutely appalling the crap you guys are pulling with Regretsy. Congratulations on successfully screwing families out of some much-needed donations because you\u2019re greedy bastards who care more about red tape than people. I hope the Karma carousel comes\u2026","rel":"","context":"In "My Thoughts"","block_context":{"text":"My Thoughts","link":"https:\/\/adamchandler.me\/blog\/category\/my-thoughts\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7466,"url":"https:\/\/adamchandler.me\/blog\/2018\/05\/28\/jason-may-of-myproscooter-com-heres-your-link-back\/","url_meta":{"origin":12026,"position":1},"title":"Jason May of MyProScooter.com, here’s your link-back","author":"Adam Chandler","date":"May 28, 2018","format":false,"excerpt":"May 21st, 10:35AM. Jason May (jason@myproscooter.com) writes: Hey Adam, My name is Jason,\u00a0father of 2,\u00a0sports lover and co-owner of MyProScooter.com, which is a passion project run by my\u00a0wife and I, for all things\u00a0sports related.\u00a0 I recently came across your website, which I really like, and I was wondering if you\u2026","rel":"","context":"In "Rants"","block_context":{"text":"Rants","link":"https:\/\/adamchandler.me\/blog\/category\/rants\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4187,"url":"https:\/\/adamchandler.me\/blog\/2014\/08\/05\/technology-r-i-p-justin-tv-and-how-it-changed-my-life\/","url_meta":{"origin":12026,"position":2},"title":"Technology: R.I.P. Justin.TV and how it changed my life","author":"Adam Chandler","date":"August 5, 2014","format":false,"excerpt":"Since my post last week, Justin.TV is no more. I\u2019m not really sure why I feel so sad about this news. I haven\u2019t visited the site in a while. 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