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PayPal is dropping its transaction fees on Thursday in an effort to make up for a series of site outages that crippled its services earlier this month.
The online-payment company, a subsidiary of Web auctioneer eBay, said it is dropping the fees for one day to thank customers for suffering through the situation. Existing PayPal Premier or Business account holders will be credited completely for transaction charges during the 24-hour period, the company said. However, PayPal customers in the 16 European Union countries and Switzerland are not eligible for the offer. The company did not specify why those countries are excluded.
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