Reglikedomain industry desk

Increasing its fees next month — PayPal is

Increasing its fees next month — PayPal is

Accepting PayPal for a domain sale? Get ready to pay a larger transaction fee.

A chart showing PayPal's fresh payment rate of 3.49%

You’d think that increased competition in the FinTech space, particularly with payments, would drive costs down.

But PayPal is increasing rates next month for digital payments. Businesses previously paid a 2.9% fee (plus 30 cents) per transaction. This will increase to 3.49% plus 49 cents on August 2.

This applies to digital payments, such as when a domain name seller accepts PayPal for a domain transaction.

The firm is lowering its fee slightly for online credit and debit card transactions if merchants don’t want chargeback protection.

PayPal has an added advantage over other payment processors such as Stripe. In many cases, people are paying from funds by now in their PayPal account. This is simply a database transaction that doesn’t require going over a merchant network, but PayPal still keeps 3.49% per transaction.

Also on the wire

Other reporting from the domain desk.

This note has great aftermarket and primary domain dataServicesThis note has great aftermarket and primary domain dataPatent for registering domains through Amazon Alexa — Verisign getsServicesPatent for registering domains through Amazon Alexa — Verisign getsMy week at NamesCon: A RecapServicesMy week at NamesCon: A RecapThat “Buyers identified” email from Sedo — Don’t ignoreServicesThat “Buyers identified” email from Sedo — Don’t ignoreFServicesFewer domain conferences or just different domain conferences? — Are thereYServicesYou CrowdSource Web Development — DomainPeers.com HelpsFresh Smartphone App Hopes to Replace Phone Numbers with Domain NamesServicesFresh Smartphone App Hopes to Replace Phone Numbers with Domain NamesName Aftermarket Goes Live — NameDrive DomainServicesName Aftermarket Goes Live — NameDrive DomainFresh features? I just want domain platforms to work.ServicesFresh features? I just want domain platforms to work.