Paypal query, why is there a £20 discrepency here?

DJMK4

DJMK4

DJMK4

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Joined
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I sold something on ebay for £566, person transfers in to my paypal £566 which gives me a total of £566 in paypal, I transfer to my bank account but there is only £546.56 GBP available to transfer?

I have checked and it says

Total amount:
-£546.56 GBP
Fee amount:
£0.00 GBP
Net amount:
-£546.56 GBP
 
Pioneer CDJ Deck's as per my other thread in GD.

Just feel abit ripped off to be honest, I got lumped with a £65 ebay total selling fee, now this £20 in paypal that has somehow gone missing :S
 
Strange that it doesnt show the fee on the transfer details page, you would have thought they would have put it there, instead of saying

Fee amount:
£0.00 GBP
 
DJMK4 said:
Pioneer CDJ Deck's as per my other thread in GD.

Just feel abit ripped off to be honest, I got lumped with a £65 ebay total selling fee, now this £20 in paypal that has somehow gone missing :S
Click to expand...

Selling on ebay is a wider audience and using their service you can't expect it for free. People dont understand that there is a listening fee (depending on the features) but also the final % ebay takes from the final value.
 
Total amount:
-£546.56 GBP
Fee amount:
£0.00 GBP
Net amount:
-£546.56 GBP

Is correct there are no Fee's for transferring to your bank.
There will have been Fee's to receive the payment tho.
 
Schizophonic said:
Selling on ebay is a wider audience and using their service you can't expect it for free. People dont understand that there is a listening fee (depending on the features) but also the final % ebay takes from the final value.
Click to expand...

I thought they took the value from the price you listed it at either your reserve price or your buy it now price.

Isn't this why lots of items start 99p ?
 
Scubascorpion said:
I thought they took the value from the price you listed it at either your reserve price or your buy it now price.

Isn't this why lots of items start 99p ?
Click to expand...

The fees vary and a final price of x amount will cost you less I think if you start at 99p and it ends up at x amount than if you list it Buy it Now at the same amount so you're right.

I think.
 
This is how eBay/Paypal make money that you never really account for unless your a business type and have a business type account where you fully expect fees and such, a casual seller comes along and sells something of value and boom you've just had to fork out a fee'

Use it as a lesson learnt, casual seller or not evaluate if it is indeed worth selling on eBay or some other way first.

My sister/brother in law used to always say, sell this for me, sell that. Then they'd be like "oh it sold for £50, ok give me £50 please."

Never does it compute eBay/Paypal charge! :eek:
 
DJMK4 said:
I sold something on ebay for £566, person transfers in to my paypal £566 which gives me a total of £566 in paypal, I transfer to my bank account but there is only £546.56 GBP available to transfer?

I have checked and it says

Total amount:
-£546.56 GBP
Fee amount:
£0.00 GBP
Net amount:
-£546.56 GBP
Click to expand...
paypal take a cut of the money you transfer

There are paypal fees and ebay fees.
 
UnworthyBean said:
Not sure where you're getting that from, But there will have been paypal fees taken off.

3.4% + 20p, Which is exactly what you're getting.

Oh an also:
Click to expand...

This man is right, people are not reading, its obviously just a glitch that doesn't display fee properly

3.4% + 20p of £566 leaves you with the amount in OP

Well you've gained £0.004 actually
 
£85 total in fees. Bummer. You could always request to cancel the transaction with the buyer. If he agrees, you get the £65 final value fee credited back to your account. There isn't anything you can do to get the pp fees back now.

I've done this a few times now and saved into treble figures on the final value fee's. Yes it's dodgy, but so is charging someone £85 to sell something. You get charged less for selling a car for £1000's.

Next time try Used everywhere or Gumtree
 
Last edited:
£65 total selling fee? I thought the max was 10% of the final selling price (up to a maximum of £40)
 
platinum87 said:
This man is right, people are not reading, its obviously just a glitch that doesn't display fee properly

3.4% + 20p of £566 leaves you with the amount in OP

Well you've gained £0.004 actually
Click to expand...

Those fees only count if the sender doesn't pay using funds already in their paypal account (they send payment through a credit/debit card) and they uncheck the "I will pay fees" box which means the person receiving the money gets stiffed for the payment fees (rule of thumb here is to state that the sender MUST stump up the fees if they are not using funds from their paypal account).

Although paypal are already in my bad books at the moment since they never BOTHERED to send the direct debit mandate to my bank when I originally set everything up (which I only found out after trying to transfer money to my paypal account only for my bank to dispute it because the direct debit mandate wasn't there).
 
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