PayPal and Venmo hike fees on crypto trades of up to $200 - Fox Business

In an effort to remove the "complexity of percentage-based calculations for the consumer," PayPal (NASDAQ:PYPL) and Venmo on Monday have raised fees on cryptocurrency trades of up to $200, a PayPal spokeperson told Fox Business during an interview. "This change is part of our ongoing commitment to provide transparency, ease of understanding and clarity to our customers," the spokesperson told Fox Business. Specifically, trades in the range of $1-4.99 will incur a charge of 49 cents, while trades between $5-25 will be charged 99 cents. Trades between $25-75 will be hit with a $1.99 fee and trades between $75-200 will be charged $2.49. Trades that total more than $200 have not been subject to fee hikes. Keep in mind that PayPal (PYPL) and Venmo users in the U.S. can transact with Bitcoin (BTC-USD), Ethereum (ETH-USD), Litecoin (LTC-USD) and Bitcoin Cash (BCH-USD). Previously, (April 20, 2021) PayPal launched crypto trading on its Venmo