posted on June 14, 2001 08:06:31 AM new
Ok guys. Where does it say that PayPal only takes the 2.2% off of transactions $15.00 and under? I just had someone pay for an auction using PayPal, (note: I am waiting for my other transactions to clear to my bank to close my account and wanted to test out the $15.00 and under scenario) The gross amount of the final price including s/h was $36.84. 2.2% of that is $.81 and add the $.30 fee and that comes to $1.11 exactly what they took off. So where is the $15.00 and under price they are only supposed to take the 2.2% out of? I am really confused here. PayPaldamon? Anyone?
posted on June 14, 2001 08:21:01 AM newPayPal is simplifying its fee structure for payments received by Business and Premier accounts. A single variable rate of 2.2% plus a flat fee of 30¢ will apply to all payments, regardless of payment size or funding source.
That is the new policy that will go into effect on June 29.
Right now there is only the 30 cent charge for payments under $15.00. After June 29, it'll be the 30 cents PLUS the 2.2%, regardless of the payment amount. Sucks for sellers like me with low profit margins.
(Edited for date typo)
[ edited by nefish on Jun 14, 2001 08:21 AM ]
posted on June 14, 2001 08:31:13 AM new
Thanks netfish. So the only change is that right now, $15.00 and under (total) until June 29th gets charged the $.30. After that date, it all gets hit, right? OK!
petertdavis> Perhaps you misunderstood the post. I had read on the boards somewhere, that PayPal would only charge the 2.2% + $.30 for transactions $15.00 and under not those over that amount, so that is why I tested it out. (I thought maybe PapPal considered amounts of $15.00 and under nuisance amounts and they could not get enough fees out of them to make it worth their while, encouraging people to sell higher end products) I too am a small seller and the hits on fees are getting out of hand for me. For others, if it works for them, then wonderful.
posted on June 14, 2001 08:33:40 AM new
$36.84 is more than $15.00
Also, when you buy something through mail order with your CC, the CC company charges the merchant a percentage based on the TOTAL CC charge. So why do you have a problem when paypal does the same, "including s/h"?
Paypal may have its problems, but there's no point in making them up! Some people will go to great lengths to dis PP, even to making themselves seem, well, you know...
posted on June 14, 2001 11:27:51 AM new
vargas> I was thinking the same thing, but just shook my head and rather answer it, just thought why bother? lol
I had read on the boards somewhere, that PayPal would only charge the 2.2% + $.30 for transactions $15.00 and under not those over that amount, so that is why I tested it out. (I thought maybe PapPal considered amounts of $15.00 and under nuisance amounts and they could not get enough fees out of them to make it worth their while, encouraging people to sell higher end products) I too am a small seller and the hits on fees are getting out of hand for me. For others, if it works for them, then wonderful.