posted on June 26, 2002 03:47:20 PM
Does anyone know how P/P calculates their charges on a payment? I had a payment of $10.00 & P/P charged 59 cents which is 5.9 percent. I had another sale of $312.00 & the charge was 2.99 per cent. Just curious as to why the different per centages.
posted on June 26, 2002 03:58:42 PM
Paypal charges a base fee of 30¢, plus a percentage of the total transferred. The percentage is based on the dollar amount--smaller amount = higher percentage. It's all detailed on their website.
posted on July 1, 2002 09:53:39 AM
if you leave fund in your account and spend it with your debit card,you get 1 1/2% rebate,so net this against your discount rate and transaction fee,your rate is even lower.
of course keeping too much of your money in paypal account,once it gets restricted,you will not like it
posted on July 1, 2002 10:37:26 AM
If you are receiving $1000 a month thru PAYPAL you can get a real merchant account & not have to worry about them holding onto your money.
In the long run it will probably cost you less too.
posted on July 1, 2002 11:06:14 AM
not just for hobby sellers...
I earn interest when the funds stay in my account plus a 1.5% rebate when I use my debit card. If I ever want csh, they put it into my bank account for *free* (remember that word) within 48 hours.
yippee! I get a 1.5% discount on postage!
posted on July 1, 2002 01:05:25 PM
even if you sell more than 1000 a month,you may still want to use paypal as your bidders do not want to give away their cc data to any individual sellers.
someone or some group are selling usa cc data to crooks in indonesia,saudi arabia,malaysia and it is spreading to the european cards as well.
it is better to give your cc to amzn,billpoint,paypal,yahoo,aol than to give to zillions of individual sellers and webstores.
of course paypal bashers will disagree.
