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Internet slowly wakes up to PayPal's quiet fee hike

PayPal has generated its fair share of controversies over the years, but it has begun to stir up another one by adding new transaction fees that affect all customers-without telling anyone about them. The company slipped the fees in with a more general update to its "send money" service in June, but because the changes were so well hidden, the Internet has been slow to wake up to what amounts to a huge increase in PayPal's income.

Under the previous system, fees were charged based on the type of account the receiver was using as well as where the money was coming from. If the receiver was a premium or business account owner, he or she was charged 30¢ plus 2.9 percent of the transaction-the same applied to all accounts if the money was coming from a credit or debit card instead of a PayPal balance or directly from a bank account. People using personal accounts could make all these payments to anyone else for free

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arstechnica.com
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