PayPal new refund policy - what are your thoughts?

[WhiteRainbow]

Hey guys,

Not sure how many of you have heard of this but as of this May 7, PayPal will no longer refund their commission percentage anymore.

So, for example if you sell a $100 product and PayPal takes about $3 from it, when someone asks for a refund you’d be refunding full $100, without PayPal returning their share of commission no more.

Previously, only the 30 cents extra that were charged to sellers when a refund is made but now you’d be taking care of all.

What are your thoughts? Would you still use PayPal? Or do you have alternatives?

[GeeHackz]

Make me think otherwise!

Their terms of Service are always changing for the worse. I guess it's time to move on to another payment processor.

[koala]

It is certainly a hit to the guts for most sellers using paypal

[dynasty5]

Like gambling ..the house never loses...no surprise
The higher the level ..The bigger the devil
Things seldom get better for the little guys
Amazon also makes these little changes to benefit themselves
In fact they ALL do this in increments ..and their investors LOVE IT!
just my thoughts ...

[Academica]

I will go with Stripe only.

[Voltron]

Yes, +1 go with Stripe, ditch PayPal where ever possible.

[ctauvette83]

Stripe is a bit hard to set up, compare to paypal.

[bluefeb]

1. Most of the online world takes either paypal or debit/credit cards. So how do you use other processors.
2. When you can, how is payoneer?

[bluefeb]

1. Most of the online world takes either paypal or debit/credit cards. So how do you use other processors.
2. How is payoneer?

[Lumos]

Shameful...as per usual.