What you need to know about PayPal and the Interchange Fee Regulation.
Q1.What is changing?
You can choose this new fee structure by contacting us.
Q2.What is a blended fee structure?
The blended fee structure may be preferred if:
- Immediate availability of funds on all your transactions is important
- Predictable transaction costs are essential for planning
- Quick and simple reconciliation of PayPal and card sales is favoured
Q3.What is the Interchange Plus fee structure?
The Interchange Plus fee structure may be preferred if:
- The vast majority of your sales are from consumer card types within the UK or the EEA for which interchange fees are capped
- Delay of one to two working days to the availability of your debit and credit card funds is acceptable
- Differing settlement times between card sales and PayPal sales do not impact reconciliation
Q4.What are interchange fees?
Q5.How much is the interchange fee?
Q6.What are the other fees are included in the fees I pay to PayPal?
In addition to interchange, there are also scheme and assessment fees, levied and retained by the card schemes, as well as other fees paid to our processing partners.
Q7.Why are these fees not the same for all card types and currencies?
Q8.Will the Interchange Plus fee structure be cheaper for my business?
Q9.Does this impact my transactions that are paid with PayPal?
Q10.Which debit and credit cards does the Interchange Fee Regulation cover?
If you would like to discuss switching to Interchange Plus, please contact our customer support team.Contact Us