Advertisement
Canada markets open in 43 minutes
  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CAD/USD

    0.7296
    -0.0002 (-0.03%)
     
  • CRUDE OIL

    83.14
    +0.33 (+0.40%)
     
  • Bitcoin CAD

    87,375.23
    -3,751.37 (-4.12%)
     
  • CMC Crypto 200

    1,362.54
    -20.03 (-1.45%)
     
  • GOLD FUTURES

    2,337.60
    -0.80 (-0.03%)
     
  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     
  • 10-Yr Bond

    4.6850
    +0.0330 (+0.71%)
     
  • NASDAQ futures

    17,412.00
    -252.50 (-1.43%)
     
  • VOLATILITY

    16.53
    +0.56 (+3.52%)
     
  • FTSE

    8,091.87
    +51.49 (+0.64%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • CAD/EUR

    0.6822
    +0.0003 (+0.04%)
     

Why PayPal Raised Its Processing Fees -- and Why It Could Backfire

Why PayPal Raised Its Processing Fees -- and Why It Could Backfire

PayPal (NASDAQ: PYPL) just announced that it will raise its processing fees for U.S. merchants. Starting on Aug. 2, the rate for each online PayPal or Venmo transaction will rise to 3.49% plus $0.49 -- compared to its current rate of 2.9% plus $0.30 for most online transactions. PayPal's stock rallied after the announcement, and several analysts lauded the decision as a sign of its pricing power.