Laaaaazy paypal question

[Seahorse]

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?

[beadsbydesign]

correct!
You pay money to receive money. if you send money then the receiver gets the charge.

[mjbelkin]

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.

[0103media]

Yep your just paying for the service..

The market is pretty competative.. And imho paypal is one of the best..

[Seahorse]

Thanks for knowing what Im talking about, Im glad somebody did as its friday and im reeeeeaaaaly winding down.

Thanks

[colourart]

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.

[Seahorse]

ANd do these charges get noted in our accounts?

[mjbelkin]

Yes.

I record them as bank charges.

[Seahorse]

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!!