View Full Version : Laaaaazy paypal question
10-08-2007, 03:11 PM
Im sure it says on the site somewhere but I can t work out this paypal charge thingy.
Do we get charged when we send money AND when we request it?
What percentage is it?I thought it was about 3% bit not sure.
Does the percentage differ depending on what account you have?
Does anybody know which account I opened coz I sure as heck cant remember.
eg I was sent £2 and was charged 27p so I recieved £1.73.
Does that make any sense to anyone?
10-08-2007, 03:28 PM
You pay money to receive money. if you send money then the receiver gets the charge.
10-08-2007, 03:29 PM
You get charged for all money you receive (except refunds).
The charge seems to be 3.4% of the amount received plus 20p for UK funds, and 3.9% plus 20p for international funds.
I think that if you have a business account, then the % of the fee goes down for transactions over £1,500.
10-08-2007, 03:37 PM
Yep your just paying for the service..
The market is pretty competative.. And imho paypal is one of the best..
10-08-2007, 04:12 PM
Thanks for knowing what Im talking about, Im glad somebody did as its friday and im reeeeeaaaaly winding down.
10-08-2007, 05:16 PM
Somebody correct me if I'm wrong, but they also charge you 25p if you transfer any money £49.99 or under into a bank account.
10-08-2007, 05:24 PM
ANd do these charges get noted in our accounts?
10-08-2007, 10:31 PM
I record them as bank charges.
11-08-2007, 03:22 PM
Okey doke, I shall start a new section in my accounts book.
Im typing this on a saturday, its sunny outside and I have nothig to do so I thought Id come here!!
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