Author Topic: New PayPal fees for artists on CDBaby  (Read 804 times)

petekelly

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New PayPal fees for artists on CDBaby
« on: May 23, 2013, 02:20:59 AM »
Received this message from CD Baby yesterday - doesn't PayPal make enough money already ! ?:

'We wanted to let you know that on 06/06/13, we’ll begin charging a $1.50 fee for each CD Baby payment sent to you through PayPal. We have to pay PayPal for every transaction, and since we send thousands of payments per week, those costs have really added up!

If you’d prefer to keep receiving payments through PayPal, we suggest you raise your CD Baby “pay-point”, thus helping you avoid some of the fees you’d incur for smaller, more frequent PayPal payments.'

APK

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Re: New PayPal fees for artists on CDBaby
« Reply #1 on: May 23, 2013, 05:25:51 AM »
That sounds more like CD Baby no longer absorbing the paypal fee on their payouts to artists, rather than Paypal increasing any of their fees.
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petekelly

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Re: New PayPal fees for artists on CDBaby
« Reply #2 on: May 23, 2013, 07:47:37 AM »
Of course, there is probably some private financial chicanery going on between CD Baby and PayPal, but at least CD Baby are letting people know about this new arrangement and giving them the option to raise their payment threshold.