PayPal fees

manisinghb · 28 Aug 2016 at 11:00

Hi guys. Bit of a random one here but I have googled the *** just a quick polite reminder that swear words should be completely edited out. Do not leave a couple of letters in place and use stars for the others *** out of this and keep coming back with no real answer.

I have recently sold my bike and buyer wishes to pay via PayPal however we are not sure what the fees are. Could anyone help? The bike sold for £1045 how much in fees would I pay for this?

RoboCod · 28 Aug 2016 at 11:02

I wouldn't.

Can't he pay BT?

PapaLazaru · 28 Aug 2016 at 11:08

Where / how did you sell it and how are they going to receive it?

Efour · 28 Aug 2016 at 11:08

Sod that.

Bank transfer or nothing

Fees i dunno maybe start a transaction and read the price before you press send ?

nutcase · 28 Aug 2016 at 11:08

Google "paypal fee calculator" - should be something useful.

Unicorn · 28 Aug 2016 at 11:09

bt only for that value, hes probably going to bend you over via paypal if not

Hades · 28 Aug 2016 at 11:35

No way I would be using paypal for that.

manisinghb · 28 Aug 2016 at 11:56

Don't think he will have issue with BT. Just a bit paranoid about giving my account number and sort code to a complete stranger? I haven't even met him but he wants it.

cyber69 · 28 Aug 2016 at 11:59

EBAY FEE: £ 104.5 & PAYPAL FEE: £ 35.73

joeyjojo · 28 Aug 2016 at 12:01

Really how hard did you look? Go to the paypal homepage, bottom of the page is a 'Fees' link

https://www.paypal.com/uk/webapps/mpp/paypal-fees

Go down to "Selling with paypal"

First section "Get paid online", follow "More about online payments"

https://www.paypal.com/uk/webapps/mpp/accept-payments-online

Middle links bar, follow "Fee calculator" (takes you to the bottom of the page), for <£1500 of sales in a month:

You should pay 3.4% + 20p per transaction

Took me longer to write this post than to find that info.

Vulcan · 28 Aug 2016 at 12:05

manisinghb said:
Just a bit paranoid about giving my account number and sort code to a complete stranger?

Completely safe; You can only pay money in using the account and sort number, he can't take money out.

Loosecannon · 28 Aug 2016 at 12:06

Buyer pays with Paypal.
Collects bike from seller.
Buyer asks Paypal for refund as not received.
Seller has no evidence of sending bike.
Paypal refund given.

Buyer has new bike for free.
Seller has no bike and no money.

Do not use paypal for something like this... Some guesses made, but it doesn't look good.

Felon · 28 Aug 2016 at 12:11

Loosecannon said:
Buyer pays with Paypal.
Collects bike from seller.
Buyer asks Paypal for refund as not received.
Seller has no evidence of sending bike.
Paypal refund given.

Buyer has new bike for free.
Seller has no bike and no money.

Do not use paypal for something like this... Some guesses made, but it doesn't look good.

If someone collected something in person and wanted to pay via Paypal I'd laugh loudly at them, but I guess this would boil down to basic theft - at the end of the day, if that happened to me - I wouldn't even bother talking to Paypal at all, my first port of call would be nobody other than the Police.

cyber69 · 28 Aug 2016 at 12:17

Screeeech said:
If someone collected something in person and wanted to pay via Paypal I'd laugh loudly at them, but I guess this would boil down to basic theft - at the end of the day, if that happened to me - I wouldn't even bother talking to Paypal at all, my first port of call would be nobody other than the Police.

I had one buyer pay me through Paypal and then come to collect the item and tried to pay me the cash also. I informed him he had already paid me!

manisinghb · 28 Aug 2016 at 12:31

All good points. Tbf he does actually prefer BT but I thought PayPal would be safer

Felon · 28 Aug 2016 at 12:37

Bank transfer is much safer for a seller - once the money is in your account, it's going nowhere without some sort of lawful intervention, compared to Paypal where they act as judge/jury/executioner based on what the buyer says, most of the time.

The only time I ever dare use Paypal, is where I *have to* because of Ebay rules, aside from that, I'd rather be buggered by witches than use it.

Deleted member 66701 · 28 Aug 2016 at 13:59

Screeeech said:
The only time I ever dare use Paypal, is where I *have to* because of Ebay rules, aside from that, I'd rather be buggered by witches than use it.

Accepting PayPal is mandatory for all Ebay sales now. Refusing to accept PayPal as a form of payment on completed sales is grounds for your Ebay account being suspended.

bobbyspangles · 28 Aug 2016 at 15:41

Agreed, BT or nothing.

I don't know where this misconception that people can steal your money with only your account number and sort code comes from but it is a common, and annoying one.

RoboCod · 28 Aug 2016 at 16:01

manisinghb said:
Don't think he will have issue with BT. Just a bit paranoid about giving my account number and sort code to a complete stranger? I haven't even met him but he wants it.

As said, there is nothing that can be done with your account numbers other than pay money in. Don't worry.

PayPal on the other hand, he can reverse the transaction and get free stuff. At that value I'd be very very wary.

Efour · 28 Aug 2016 at 16:06

I've never understood why people are scared of giving their bank account number and sort code to anyone.

What are they gonna do Pay in tons of money at random to you and make you upset with joy?

PayPal fees

Deleted member 66701

Deleted member 66701