PaySafe reducing fees.

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arbusers
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arbusers

PaySafe reducing fees.
« on: April 08, 2020, 10:13:14 AM »
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I know you will probably not believe it but it is true. We lobbied hard for that and we received tremendous help from reality.
These last weeks, the smart betting community was severely damaged by Covid19 and the subsequent stop of almost all betting events, combined with PaySafe's decision to increase their fees. It is a fact that severe damage was made, now let's see what we can save for the day after.

This is a first step to reduce costs and we hope that other steps will follow. Again, according to our opinion fees are still high.
So what is the current state of play?

Effective from now (8th April) PaySafe is changing its P2P fees policy for newly registered accounts in Skrill & Neteller.
Yes, fees will be reduced.

Here is their new policy on fees:

1. All newly registered Skrill and Neteller customers who have not made an eligible deposit to their accounts will have a fixed P2P fee of 4.49%. There is no minimum fee, no maximum fee, and it is applicable to all PSP transactions.
2. Skrill and Neteller accounts that will conduct an eligible deposit, the P2P fee goes down to 1.45%.

What is an eligible deposit?
It is all deposits, but not the following:
Skrill: Deposit with P2P transfer, Neteller, Paysafecard, and BitPay
Neteller: Deposit with P2P transfer, Skrill, Paysafecard, Neosurf, Qiwi, and BitPay

Unfortunately, accounts registered before today April 8th, will not enjoy these reduced fees.
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Blackoutt777
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Blackoutt777

Re: PaySafe reducing fees.
« Reply #1 on: April 08, 2020, 11:02:02 AM »
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They want more multiaccounting now?!   ;D ;D
Frankly, I think this is ridiculous.

Anyway, well done!
« Last Edit: April 08, 2020, 11:04:03 AM by Blackoutt777 » Logged
Conradnorge
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Conradnorge

Re: PaySafe reducing fees.
« Reply #2 on: April 08, 2020, 02:03:58 PM »
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Is it really a good news?

Lets take a look.

Before these changes:
I want a send 10k. First transfer cost me $100 (10% x 1k). Need to send 9k more and I pay 2.99%. So all fees $100+ $269 = $369

Now:
10k x 4.49% = $449
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chrisgr1984
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chrisgr1984

Re: PaySafe reducing fees.
« Reply #3 on: April 08, 2020, 02:56:55 PM »
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If you want to transfer so much , simple make the account SILVER with the one or with the other way..... This change is obv good news for the majority of the ppl that are not using so much money
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arbusers
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arbusers

Re: PaySafe reducing fees.
« Reply #4 on: April 08, 2020, 03:45:45 PM »
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Is it really a good news?

Lets take a look.

Before these changes:
I want a send 10k. First transfer cost me $100 (10% x 1k). Need to send 9k more and I pay 2.99%. So all fees $100+ $269 = $369

Now:
10k x 4.49% = $449

The minimum of 100$ fee for the first P2P is now removed. That makes transactions up to 6-7k cheaper than before. Transactions above this threshold become more expensive as you say.
Why not make an eligible deposit and then pay a total of $145?
Even these 145 are too much, but 145<449.
« Last Edit: April 08, 2020, 03:48:23 PM by arbusers » Logged
campeones
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campeones

Re: PaySafe reducing fees.
« Reply #5 on: April 08, 2020, 05:35:01 PM »
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Too little, too late.
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