PSA Paypal Will Not Return The Original Fees for Refunds Starting October 1st

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If you are accepting money through paypal on Ebay or other forum sales, this will be useful to know, if your buyer decides to use "item not as described" excuse to return your item. You will lose the 3% fees Paypal charges.

"Earlier this year, we notified you that we were updating our User Agreement to change our refund policy. We want to let you know that the policy change is going into effect beginning on October 11, 2019.

In line with industry practice and according to our updated policy, we will not charge a fee to process refunds, but the fees from the original transaction will not be returned. This policy will not apply to duplicate transactions, voids and most disputed transactions. You can review the PayPal User Agreement for more information on our return policies."

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