[mik3y]

0.5% -> 0.7% = 40% increase in fees, for affected customers.

(edit: 0.7% not 0.8%)

[lotsofpulp]

I would phrase that as a 0.3% increase in fees.

[bigyikes]

It’s a 60% increase in fees.

It’s a 0.3 percentage point increase in fees.

The former is important because it reflects the cost increase customers will face. Their costs don’t increase by 0.3%, they increase by 60%

(Except I don’t think any of the comments in the thread have properly quoted TFA… isn’t it increasing to 0.7%?)

[mort96]

You would phrase it incorrectly then? That's 0.3 percentage points, but 60%

[lotsofpulp]

Doesn’t the % symbol mean percentage points?

A fee changing from 0.5% of a transaction to 0.8% of a transaction is increasing by 0.3%.

[mort96]

No, the % symbol means percent

[lotsofpulp]

I thought percent, percentage, and percentage points are all the same thing.

[mort96]

Well today's an excellent day to learn something new :D

This wiki page has more info on the difference between percentages and percentage points: https://en.wikipedia.org/wiki/Percentage_point

[vehemenz]

It’s more a matter of interpretation than correctnesss. If we’re not being deliberately obtuse, “absolute” and “relative” would go a long way toward disambiguation here.