PayPal raised US checkout fees from 2.9% + $0.30 to 3.49% + $0.49
On August 2, 2021, PayPal raised US fees for PayPal Checkout and Pay with Venmo from 2.90% + $0.30 to 3.49% + $0.49. Online card payments moved to 2.59% + $0.49. In the $10k/month scenario, wallet payments went from $350 to $447 (+27.7%) and card payments from $350 to $357.
What changed
- Price increase, 2%, Aug 2, 2021
- At $10,000 a month in card sales: $350 → $357 a month ($84 more a year)
- Before: 2.90% + $0.30 for all US online payments
- After: 3.49% + $0.49 PayPal Checkout/Venmo; 2.59% + $0.49 online cards
- Existing customers: Applied to all US merchants on standard rates; merchants with negotiated rates were largely unaffected.
Alternatives to PayPal
PayPal is the cheapest payment provider we track at $10,000 a month in card sales. The others:
- Square: $350/mo
- Stripe: $350/mo
- Lemon Squeezy: $600/mo
- Paddle: $600/mo
PayPal alternatives: 4 payment providers compared, at every size.
Sources
Every price and change for PayPal: PayPal.