 ***A Message from PayPal Canada*** |
01 May, 2008 | 10:03
| Darrell MacMullin |
A Message from PayPal Canada – New Lower Canadian Dollar Pricing and Foreign Exchange Withdrawal Fees for
Canadian Sellers
Hello, it’s Darrell MacMullin from PayPal Canada with an announcement on some new lower pricing for our Canadian
PayPal customers.
We are pleased to announce that effective immediately, PayPal has lowered our Canadian dollar transaction fees and
foreign exchange rates for US dollar withdrawals to Canadian bank accounts, making it more economical for Canadians
to be paid with PayPal.
1. Reduced Canadian dollar transaction fees:
Canadian dollar transaction fees for receiving payments, for
all merchant rate tiers, has been lowered from C$0.55 per transaction to C$0.30.*
| PayPal Monthly Sales |
Old Transaction Fee |
New Transaction Fee |
| $0.00 - $3,000.00 |
2.9% + $0.55 |
2.9% + $0.30 |
| $3,000.01 - $12,000.00 |
2.5% + $0.55 |
2.5% + $0.30 |
| $12,000.01 - $125,000.00 |
2.2% + $0.55 |
2.2% + $0.30 |
| > $125,000.00 |
1.9% + $0.55 |
1.9% + $0.30 |
2. Lower currency conversion rates for withdrawing US dollar funds to a Canadian dollar bank account.
If
you are receiving US dollar funds into your PayPal account, and withdrawing those funds to a Canadian dollar bank
account which involves a currency conversion, we have lowered the conversion rate that PayPal maintains for some
sellers. The exchange rate you receive will depend on your monthly sales volume and whether you qualify for a
Merchant Rate.* The specific exchange rate that applies to your multiple currency transaction will be displayed at
the time of the transaction.
| PayPal Monthly Sales |
Old Currency Conversion Rate |
New Currency Conversion Rate |
| $0.00 - $3,000.00 |
2.5% |
2.5% |
| $3,000.01 - $12,000.00 |
2.5% |
1.5% |
| $12,000.01 - $125,000.00 |
2.5% |
1.5% |
| > $125,000.00 |
2.5% |
1.0% |
For further details on Canadian PayPal fees, please visit the fees page.
* How is Eligibility for Merchant Rates determined?
Eligibility for Merchant Rates has not changed. It is determined based on sales volume from the previous calendar
month. To qualify for Merchant Rates, a seller must complete a one-time application and meet the Merchant Rate
Criteria.
Sincerely,
Darrell MacMullin
Country Manager, PayPal Canada
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