02-25-2013, 03:14 AM
How do you deal with paypal fees?
I did a transaction test for $1 and i only received 66 cents!
I did a transaction test for $1 and i only received 66 cents!
Paypal fees
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02-25-2013, 03:14 AM
How do you deal with paypal fees?
I did a transaction test for $1 and i only received 66 cents!
02-25-2013, 03:54 AM
Hello,
Paypal fees are something like 2.9% + 0.30$ from each transaction, here you have more info: https://www.paypal.com/webapps/mpp/paypal-fees Regards!
02-25-2013, 04:11 AM
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
Regards
Steve Head, Content Manager Hidden content for guests Did we help? Please give us a Forum Rep+1, and/or buy my team a coffee Hidden content for guests
02-25-2013, 04:23 AM
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!
02-25-2013, 06:39 AM
Thanks for the gift tip Admin, that's really good to know
Steve
Regards
Steve Head, Content Manager Hidden content for guests Did we help? Please give us a Forum Rep+1, and/or buy my team a coffee Hidden content for guests
02-25-2013, 07:24 AM
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.
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