Paypal Increase Merchant Fees Between UK And European Businesses

19th September 2021

PayPal's move follows Visa and Mastercard, both of whom already announced an increase in merchant fees starting mid-October. Visa is upping fees from 0.3% to 1.5%, while Mastercard is increasing the fee from 0.2% to 1.15%.

Since the start of the year, around one in four small exporters have stopped exporting to the EU, citing, amongst other reasons, the costs involved in selling to EU-based customers.

Did anyone hear about this before the Brexit vote?