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+--- Thread: Paypal fees (/thread-paypal-fees.html)
Paypal fees - lossehelin - 02-25-2013
How do you deal with paypal fees?
I did a transaction test for $1 and i only received 66 cents!
RE: Paypal fees - Admin - 02-25-2013
Hello,
Paypal fees are something like 2.9% + 0.30$ from each transaction, here you have more info: https://www.paypal.com/webapps/mpp/paypal-fees
Regards!
RE: Paypal fees - stevehead - 02-25-2013
Hi lossehelin
It's really important you mention in your FAQs or Terms of Service re cash withdrawals that a transaction fee will be deducted by PayPal and that these, and any exchange rate loss, are at the receivers cost.
I hope that helps - if it does please give me a forum Rep+1
Thanks
Steve Head
RE: Paypal fees - Admin - 02-25-2013
Hello,
Well, if you send 1$ to somebody (for example) he will receive 1$ from you, paypal will deduct fees from his money, not from yours (user already know that, they accepted Paypal TOS when they joined on paypal). But, there is a possibility to avoid these fees, when you pay any from your users, you can send payment as a gift and Paypal doesn't deduct any fee from transaction.
Regards!
RE: Paypal fees - stevehead - 02-25-2013
Thanks for the gift tip Admin, that's really good to know
Steve
RE: Paypal fees - lossehelin - 02-25-2013
yes in theory everyone should know that fees will be deducted. i am used to it, i wasn't expecting for them to have so big impact when it is low amounts.