Venmo isn't the only digital payment platform that wants a bigger slice of the pie. Its owner PayPal is getting in on the action, with a widespread change of its rates set to go into effect on August 2nd. Barring a few small adjustments to currency exchange and charity rates, almost all of these are increases in processing fees. Most notably, the standard PayPal checkout merchant fee will increase from 30 cents plus 2.9% to 49 cents plus 3.49%.

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