IGN, Microsoft, Google and Twitter paypal transactions fees
The big four payment processors — PayPal, Stripe, Amazon Payments and Square — have started to add fees to their transactions.
The fees are in line with those charged by major retailers like Target, Walmart, Amazon and other major companies, which charge merchants fees to accept their goods.
As Ars Technica reports, Google’s transaction fees for online purchases are currently $0.08 for every transaction.
For example, if you’re shopping at Amazon for $1.99 a piece, you’ll pay $0 .08 for the purchase.
Google will also charge $0 per transaction.
But this isn’t all that’s happening with these fees.
Amazon is currently adding a $0 to each of its payments.
Amazon charges merchants $0 for each transaction, while Square charges $0 and Google charges $1 per transaction, according to The Verge.
The Verge’s article notes that Google has a “slight” difference in how it charges merchants.
Google charges a 0.07% fee on every transaction, but Amazon charges a fee of 0.1%.
Square charges a 1% fee.
The move to add fee to transactions comes as Amazon and Google are facing increasing scrutiny over the way their payment processors are handling fraudulent payments.
Amazon and Google recently announced they would be cracking down on fraudulent payments, and PayPal has said it’s going to begin charging merchants a fee for each fraudulent transaction.
In recent weeks, Amazon, Square and Google have been caught in a legal battle with the Electronic Frontier Foundation over its handling of fraudulent payments by Amazon Pay.