Sunday, December 6, 2020

As of May 1st, 2021, we will no longer be accepting PayPal as a payment method.  The payment options we’ll accept going forward include:

  • Credit or debit card
  • Bitcoin and other cryptocurrencies
  • Apple Pay
  • Bank transfer

Why are we terminating support for PayPal?

We will no longer accept PayPal due to their latest Policy Update, in particular to their privacy updates, and newly implemented fees across the board for buyers.  We strongly recommend reading PayPal's new update to fully understand the information the service will be collecting starting as soon as later this month. PayPal has been unfriendly to merchants for quite some time and does not share our values of internet privacy and security. These latest changes make the service in our opinion unfavorable to our customers as well. 

Will Thexyz accept PayPal in the future?

Only if PayPal reverses some of their recent decisions. Thexyz is always open to considering payment methods that are fair to both us and our customers. We are also keen to work with organizations that help ensure the web is a safe place to do business. 

Will my service be interrupted if I pay with PayPal?

If you currently use PayPal for your subscription payment, you will need to update your payment method on file to avoid possible service suspension. Please review, how to add a payment method to add a credit card or other payment to ensure your service remains active. 

Reducing payment processor fees for merchants

We will continue to offer PayPal for merchants through our Weebly offering although the fees will be the highest in the industry. 

To save between 3% to 5% on every transaction we recommend signing up with Square for credit card transactions, BitPay for cryptocurrencies, and GoCardless for bank transfers. 

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