Hearing the anger over new fees introduced months ago with minimal notification, Paypal is now looking to set the record straight.

In an official blog post, director of product marketing Heinz Waelchli explains the reasoning behind what anyone who happened upon Paypal's terms of service since midpaypal-June has known: If you have a Personal account, you'll pay a fee of 2.9 percent, plus 30 cents, to get transfers from other Paypal accounts filed as "Goods" or "Services."

Money transfers to friends and family are free, even for people with Premium accounts. This is what Paypal focused on when announcing the changes to its service, staying relatively quiet on the new fees for Personal account holders.

More: http://pcworld.com/article/170087/