paypal fees
#1
paypal fees
I don't sell very much stuff but recently I've sold a few aitem here at what I thought were very reasonable prices with shipping charges that were not padded at all. I had noticed what seemed to be sorta high paypal fees, but didn't give it much thought. Today I spld my intercooler,manifold,downpipe setup to Kung Fu Jesus (this is not directed at him in anyway) and he promptly payed me the 600 +56 for shipping (thank-you) and Paypal (no pal of mine) promptly deducted 20.00 in fees
I have a personal account. is there anyway to avoid these fees?
I have a personal account. is there anyway to avoid these fees?
#3
Boost Pope
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Those fees are the principal method by which PayPal makes its money- of course there's no way around them. PayPal is providing a service, and this is the cost of that service.
It's not an original concept- Credit Card companies do it too. In addition to charging you (the consumer) interest if you carry a balance, they also charge a transaction fee to the businesses who accept payment on their cards. A few businesses pass this fee on to the customer, but most simply absorb it as part of their burden calculation and thus it is fairly invisible to consumers.
It's not an original concept- Credit Card companies do it too. In addition to charging you (the consumer) interest if you carry a balance, they also charge a transaction fee to the businesses who accept payment on their cards. A few businesses pass this fee on to the customer, but most simply absorb it as part of their burden calculation and thus it is fairly invisible to consumers.
#7
On the topic of credit cards, those fees are the reason why many companies do not accept discover or american express. Their fees usually far exceed that of visa & MC. I think Visa fees are now around 5%, puts a real hurt on small businesses. Thus another reason why some gas stations offer a discount if cash is used.
#9
Supporting Vendor
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There are fees imposed by the credit card companies. When I take a Visa/MC, I have to pay a small flat fee plus a small percentage of the total (3%). The credit card company typically deposits my money into the account, minus their fees, within a day or two.
When I take AMEX, I am charged the same flat fee plus a larger percentage (5%). The money can be deposited no sooner than a week, but typically it takes 3-4 weeks. I will only take an AMEX for a deposit, and add a 10% surcharge for doing so. I will not take AMEX for a final payment.
Paypal assuredly gets better rates as they do huge volume. But they still have to pay fees. Since paypal is in business to make money, not loose it, they pass the fees on to the consumer, along with a little extra to compensate them for performing the service.
When I take AMEX, I am charged the same flat fee plus a larger percentage (5%). The money can be deposited no sooner than a week, but typically it takes 3-4 weeks. I will only take an AMEX for a deposit, and add a 10% surcharge for doing so. I will not take AMEX for a final payment.
Paypal assuredly gets better rates as they do huge volume. But they still have to pay fees. Since paypal is in business to make money, not loose it, they pass the fees on to the consumer, along with a little extra to compensate them for performing the service.
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bigmackloud
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01-08-2021 11:24 AM