Paypal will NO longer refund their 2.9% fees on buyer/customer returns

This is a bit off-topic (non-OU related...my apologies), but it might important for those that sell on other platforms and accept Paypal as payment on large ticket items.

 

Paypal has amended their refund policy in 4/2019 and will NO longer refund their 2.9% fees on buyer/customer returns. It may not make a huge difference on small ticket items, but it adds up quickly.

 

The oddity is that Paypal's operational cost has decreased over the years as it has become more efficient (refer to Paypal's annual form 10-K report...available to the public), so this decision is to just increase its profit margin.

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This is good to know.

I bookmarked a Louis Rossman video a while back but forgot about it.