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PayPal announces a rise in merchant fees for some transactions

PayPal is set to raise fees for some of its most widely-used products, including digitial payments and Venmo, as it looks to bring them in line with other e-commerce products and services around today.

The changes will mean that US merchants will soon be paying more per transaction, compared to PayPal’s original flat rate system for sellers processing payments.

Previously, merchants were charged a 2.9% of the transaction price fee when sellers processed payments, with a one-off 30-cent fee on top.

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