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Paypal price rise for Manx businesses

Online payment firm PayPal has announced price hikes for Manx businesses who use its services.

From August 19, those selling from the Isle of Man via PayPal will face a 2.9 per cent fee as well as a 30p fixed charge.

Currently, PayPal's merchant rate is 20p per transaction with a 3.4 per cent fee.

Online commentators predict very small and very large sellers will be better off - but everybody else will face paying more.

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