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Seahorse
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?

beadsbydesign
10-08-2007, 03:28 PM
correct!
You pay money to receive money. if you send money then the receiver gets the charge.

mjbelkin
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.

0103media
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..

Seahorse
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.

Thanks

colourart
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.

Seahorse
10-08-2007, 05:24 PM
ANd do these charges get noted in our accounts?

mjbelkin
10-08-2007, 10:31 PM
Yes.

I record them as bank charges.

Seahorse
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!!