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Paypal fees - got a question for you

post #1 of 20
3/25/05 at 4:40am
Thread Starter 
ok i have some money in my paypal acount right now. as in its already there from when i recieved from selling stuff. If i buy something off ebay and pay using that money and i dont withdrawl any money from CC or bank acount, does the reciever have to pay any fees. I know everytime i recieve money i pay 30 cents + 2.9% of what i recieved which is probably because they sent money from CC.

so does anyone know how these fees work?
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post #2 of 20
3/25/05 at 5:04am
A service fee is charged, not only when one is paid with a CC, but also if one is a Premium Member. Being a premium member makes it so that you get charged with any transaction, even if one is paid with a non-CC paypal. PayPal says that they allow you to change your account back to a normal one, from a premium, only once.
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post #3 of 20
3/25/05 at 6:10am
Yeah, Paypal fees are really annoying. At first they only charged for accepting credit card payments... now practically everything is charged.
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post #4 of 20
3/25/05 at 7:02am
Quote:
Originally Posted by jtsai256
Yeah, Paypal fees are really annoying. At first they only charged for accepting credit card payments... now practically everything is charged.
The thing to remember is that outside of the normal transaction fees that Pay Pal charges for recieving outside money, they do not charge you for anything else, like paying a bill on line, transferring money from or to your accounts & when you pay for something thru Ebay, so the small amount that Pay Pal charges me for my winnings is ok for a great secure money handling service....
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post #5 of 20
3/25/05 at 10:59am
what i do is have 2 paypal accounts. 1 that accepts credit cards and gets the fee and then another that is not a premium account and I use that one for all other payments. I dont get a fee on the 2nd one.
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post #6 of 20
3/25/05 at 1:09pm
^^smart guy.
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post #7 of 20
3/25/05 at 2:06pm
I do the same thing with just ~10 accounts w/ no fees for online selling.
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post #8 of 20
3/25/05 at 6:00pm
Thread Starter 
smart guys... i should probably do that too
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post #9 of 20
3/25/05 at 6:04pm
lol good idea
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post #10 of 20
3/25/05 at 6:28pm
paypal and ebay fees RAPE sellers!
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post #11 of 20
3/25/05 at 6:38pm
^ werd!
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post #12 of 20
3/25/05 at 11:49pm
Thread Starter 
Quote:
Originally Posted by MDolphins1399
paypal and ebay fees RAPE sellers!
dam right. everytime i sell laptop hard drives, i loose about 10 dollars to fees which sux0rs.
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post #13 of 20
3/26/05 at 2:30am
Its hard to do if you're sell high-ticket items though..Most people may be a little reluctant to pay some stranger a grand plus out of their checking account plus thye limit how much money you can accept each month for auctions. Accepting credit cards will also attract bidders/buyers who spend more money they can afford as well. But, yeah a couple basic paypal accounts will do in most cases and help you avoid fees. Ebay owns paypal so all that 6% on every transaction (2.75% ebay and 3% paypal) are going straight to service fee collections and more profit.
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post #14 of 20
3/26/05 at 5:12am
Thread Starter 
Quote:
Originally Posted by TriX
Its hard to do if you're sell high-ticket items though..Most people may be a little reluctant to pay some stranger a grand plus out of their checking account plus thye limit how much money you can accept each month for auctions. Accepting credit cards will also attract bidders/buyers who spend more money they can afford as well. But, yeah a couple basic paypal accounts will do in most cases and help you avoid fees. Ebay owns paypal so all that 6% on every transaction (2.75% ebay and 3% paypal) are going straight to service fee collections and more profit.
yea and thats in addition to listing fees and final vaule fees.
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post #15 of 20
3/26/05 at 7:07am
well since ebay and paypal are essentially the same thing, they end up charging the seller about 6%. the buyer doesn't really pay for anything extra, the whole thing is on the seller, and it's not allowed for sellers to request extra money for the paypal fees, and paypal actually doesn't allow people to have 2 different accounts under the same name and address as far as i know.
but on the good side, paypal does offer you protection which is pretty important when you are a buyer.
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post #16 of 20
3/26/05 at 7:50am
Quote:
Originally Posted by MDolphins1399
paypal and ebay fees RAPE sellers!
Then don't use them. Have fun buying and selling.

Steve
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post #17 of 20
3/26/05 at 11:26am
So if I have a paypal donate button on my website that accepts paypal payments from bank accounts only, I will get charged a fee if I have the premium account??

How do I revert to regular account?
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post #18 of 20
3/26/05 at 4:21pm
Quote:
Originally Posted by sfdoddsy
Then don't use them. Have fun buying and selling.

Steve

Thanks for the good advice Steve!

Arik
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post #19 of 20
3/26/05 at 4:50pm
Its all in the mad sceme to make money they have to make their money just as you wanna make yours but paypal is getting pissy with the fees. Its eventually will lead to their collapse. When a company who can provide safe transfers and make their money just by ads. now there is a buisness idea
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post #20 of 20
3/27/05 at 8:39pm
Quote:
Originally Posted by mich43L
So if I have a paypal donate button on my website that accepts paypal payments from bank accounts only, I will get charged a fee if I have the premium account??

How do I revert to regular account?
search the paypal help section. try 'downgrade account'

You're only allowed to downgrade your account once.
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