Check out this series of articles. They note that PayPal has raised its rates to consumers and merchants by almost 3 percent. Click here to read them all. Their communications of the rate increase hasn’t gone over very well.

This price increase is antithetical to a technology world of ever decreasing costs and in an environment where banks and financial service providers are to be on the side of the consumer and merchant.

This position and new fee structure by PayPal is exactly why we are working so hard at Revolution Money to provide an alternative experience and fee structure to compete with PayPal. There needs to be effective competition in a market and there needs to be a viable competitor to keep the incumbent honest and on their toes.

Stay tuned to some new activities by us in this space to help consumers and merchants pay online and at much lower fees. I am surprised that these rates have been increased at this time in our economic crisis. For more information on Revolution MoneyExchange, click here. Sign up today.