posted on November 1, 2000 02:21:04 AM new
Damon:
PayPal charges a fee when currency is converted to or from U.S. dollars. This occurs when you send money from, or withdraw money to, an international credit or debit card. The curent fee is 2.6% of the amount plus $0.30 per transaction.
Does this mean that if an international buyer signs up and uses Paypal international they will be forced to use their own currency then you charge them a fee plus when it is sent to their own bank they will be charged again to reconvert the $US charge to their own currency. Double charges?
Or can they be charged in $US and only be charged by their own bank?
posted on November 1, 2000 03:30:53 AM new
And how about if I register my Canadian Bank account that is in US dollars? Will PayPal charge a conversion fee to deposit to my account, even though I don't want a Canadian dollar deposit? Billpoint ticks me off because that is what they do. They will only deposit Canadian dollars into my US $ bank account, then they charge me for the priviledge, then my bank charges me to re-convert it to US dollars!
posted on November 1, 2000 10:15:07 AM new
If charged to receiver (me)- is this on top of the 1.9 PayPal is already charging me to recieve CC payments? So it's now 4.5% + 55 cents?
posted on November 1, 2000 02:39:15 PM new
magazine guy:
It was a bit early this morning (before work) when I looked up the international information at Paypal when I saw a post here that it was finally up, but I think the buyer (in a non-US country)will be charged in their home currency, have fees accessed, have the money changed to $US, and then it will be 'deposited' in the sellers Paypal account.
I'm just wondering if the buyer will have a charge to their VISA/MC card in $US thus incurring further 'losses' in exchaging $US to their home currency.
As a US company a foreign buyer should be able to charge in $US just as if he were visiting the States and charging something with their Carte Bleu or whatever then they are only charged 'fees' once.
My question is how are they going to be charged, in $US or will they have to be charged in their home currency.
Sorry about that long first sentence!
posted on November 1, 2000 02:43:37 PM new
Also in the other direction, as a US-based Paypal user, if I win an auction of an non US-based Paypal user that was in $US, who pays the fees? Me or the non US-based seller?
Thanks!
posted on November 1, 2000 04:43:09 PM new
I'd guess the non-US members are the ones who will eat any fees.
Billpoint, by the way, responded on the question of Canadian members who do have US dollar chequing accounts by saying that, when they launched Billpoint in Canada, the payments system between US and Canada did not permit US dollars to be deposited DIRECTLY into a Canadian's US dollar account with a Canadian bank. However, the payments system made some changes about the time that Billpoint launched, that would allow this, so Billpoint has this on their radar screen.
Paypal came in after the fact so any new regulations would have been available to them. They simply haven't figured out even the basics yet.
