Paypal fees

[lossehelin]

How do you deal with paypal fees?

I did a transaction test for $1 and i only received 66 cents!

[Admin]

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!

[stevehead]

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

[Admin]

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!

[stevehead]

Thanks for the gift tip Admin, that's really good to know

Steve

[lossehelin]

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.