PayPal Fee's Question

WHAT!!!

WHAT!!!

WHAT!!!

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Why the hell is PayPal charging me 6.8% from what i can make out for accepting payments, i thought it was 3.4% ?

Im on a Premier account and for a £6.20 payment they took 41p!!!!

Am i missing something here ?
 
WHAT!!! said:
Why the hell is PayPal charging me 6.8% from what i can make out for accepting payments, i thought it was 3.4% ?

Im on a Premier account and for a £6.20 payment they took 41p!!!!

Am i missing something here ?
Click to expand...

Its because they rip people off - Fact!

+44
 
Rotty said:
3.4% + 20p = 61p

standard fees
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so its 20p and then 3.4% ontop of what ever is coming in then ? :(

I looked at the site the other day and i swear it said nothing about 20p
 
WHAT!!! said:
Why the hell is PayPal charging me 6.8% from what i can make out for accepting payments, i thought it was 3.4% ?

Im on a Premier account and for a £6.20 payment they took 41p!!!!

Am i missing something here ?
Click to expand...

Trade secret this:

Up your postage to cover it! I mean, I do and I do sell stuff easily. Don't make it mega high or anything. Just charge for First Class plus Recorded + Paypal Fee's.

Postage isn't that expensive. Recorded Delivery is 80p? Plus Paypal Percentage. THEN, I round it up for a little more profit.

People often buy the item because it's not expensive. They often fail to read the postage costs before they buy. THey didn't read it, you stated it, they can't argue. They pay, end of.

and before anyone jumps on the "ripping" bandwagon. We are talking pence here.
 
[SKR]Phoenix said:
Trade secret this:

Up your postage to cover it! I mean, I do and I do sell stuff easily. Don't make it mega high or anything. Just charge for First Class plus Recorded + Paypal Fee's.

Postage isn't that expensive. Recorded Delivery is 80p? Plus Paypal Percentage. THEN, I round it up for a little more profit.

People often buy the item because it's not expensive. They often fail to read the postage costs before they buy. THey didn't read it, you stated it, they can't argue. They pay, end of.

and before anyone jumps on the "ripping" bandwagon. We are talking pence here.
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Yep i always put the postage a little higher on ebay auctions to cover costs etc...

Its only now i noticed the 20p fee after over a year of using paypal as i've been selling a few things on MM and the 20p + 3.4 looked at first to be 6.8%

6.8% Of £6.20 =42
and my Fee was 41p

ahh well looks like you learn the hard way :(

If you ask me there should be a law where terms and conditons and any hidden charges for anythign should be made illegal and made idiot/stupid proof as we aint all lawyers or have time to read 3 hours of terms & conditions which are wrote in legal jargon which makes it jibberish to most of us.
 
WHAT!!! said:
If you ask me there should be a law where terms and conditons and any hidden charges for anythign should be made illegal and made idiot/stupid proof as we aint all lawyers or have time to read 3 hours of terms & conditions which are wrote in legal jargon which makes it jibberish to most of us.
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https://www.paypal.com/uk/cgi-bin/webscr?cmd=_display-receiving-fees-outside

I wouldn't call that "hidden", nor would I call it "legal jargon", "jibberish" or claim it takes reading "3 hours of terms & conditions" to find. It's right there; there's a link on the front page - right in the middle of the page, in fact - to that information. Are you seriously saying you've been using PayPal for a year and you never thought to look at the clearly stated fees? :rolleyes:
 
Dont like the fees dont accpet Paypal, simple.

They have to pay the staff a wage you know.

You can accept Postal Orders, Cash, Cheques, Bank Transfers, Nochex etc.
 
What alternatives do we have for online payment.

I plan to have some large funds move through the Internet soon and am looking at several places. Obviously i dont want someone stealing thousands of pounds...

Im looking at

PayPal,
NoChex,
2CheckOut
 
Last edited:
Bank transfers. People need only be armed with a account number, sort code and account name. If they have internet banking; they can set up a payment (or atleast I can with my bank). Its possible some interest or a set fee will kick in at a certain level however. Best ask on this. The best thing is though, its 100% reliable. Granted theres a small chance the bank may mess up; but its virtually garaunted to be resolved.
I really see no need for services such as PayPal. Not only are they expensive in themselves; their cover for incidents of fraud/reversed transfers is hit and miss. Also, theyre ebay. Meaning they profit atleast twice from any transaction that takes place that uses PayPal.
 
So, um, all the people complaining about Paypal's fees obviously don't have a clue about the business world then :)

Do you see shops add on card processing fees? ;)

Believe it or not Paypal's fees are not hidden, nor are they extortionate...you can have a totally free personal account if you don't want to take online card payments.
 
gord said:
What alternatives do we have for online payment.

I plan to have some large funds move through the Internet soon and am looking at several places. Obviously i dont want someone stealing thousands of pounds...

Im looking at

PayPal,
NoChex,
2CheckOut
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Worldpay?

I give you good price.
 
Dont use Moneybookers, I wanted a fast way to pay an online sub, and at the time this was all the site accepted, yet they managed to screw that up, also it takes 5 days to process a bank account, which wasnt useful.

After 2 weeks of them taking my money and it not showing up in my account, I had to email them proof they took the money and didnt credit me. OK they gave me the money back, but when I withdrew it they charged me around 5% for the privelige....

Wont use them again thats for sure.
 
cheets64 said:
Dont like the fees dont accpet Paypal, simple.

They have to pay the staff a wage you know.

You can accept Postal Orders, Cash, Cheques, Bank Transfers, Nochex etc.
Click to expand...

I don't see banks charging fees to send and receive money? Paypal make enough money in interest alone to cover base costs - hell it takes them 5 days to 'process' any money to your bank account anyway, shame it only takes 1 for them to take it huh? ;)

Paypal fees are riddiculously over-priced.. i've got nothing against them having fees but just not that much.

What's worse is they actually charge you to send BETWEEN Paypal accounts... the money stays with paypal constantly and they STILL charge you normal fees :mad:
 
Al Vallario said:
https://www.paypal.com/uk/cgi-bin/webscr?cmd=_display-receiving-fees-outside

I wouldn't call that "hidden", nor would I call it "legal jargon", "jibberish" or claim it takes reading "3 hours of terms & conditions" to find. It's right there; there's a link on the front page - right in the middle of the page, in fact - to that information. Are you seriously saying you've been using PayPal for a year and you never thought to look at the clearly stated fees? :rolleyes:
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I absolutely agree.

I considered a PayPal account the other day, and I came across the charges for Premier and Business acounts, including the 20p, in less than 5 minutes of reading. It's certainly not hard to find ..... if you think to look. But neither is it slapped up in large characters on page one. They don't shout about it, but they don't hide it either.

I wonder how many people sign any old thing, bank account application, HP agreement, etc, without actually reading it? We all, as consumers, have some protection against unfair contracts, but at the end of the day, a contract is a contract. If you make one, you should expect to be bound by it. So .... read it first.
 
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