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Pay pall taking 0.34 $ of 2 $ ?

Discussion in 'Social Networking Sites' started by D-verse, Jun 6, 2013.

  1. D-verse

    D-verse Newbie

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    I don't have paypal yet, but if I understood it corectly I pay a 0.34$ fee for everytime somebody pays me for something. For example if I tweet for 2$ a advertising tweet that person sends me the money trough paypal and I loes 34 cents which obviously in the long run adds up, not to mention if I do something for 1 $.

    The only solution I see is if I get paid a higher sum for multiple things, but it can only work if I do something for the same customer. For individual customers eahc time I lose 34 cents ?


    Maybe I am wrong and paypal doesn't operate like this ?


    Edit : seems like sites have an account balanced and you cna take them moeny whenever you want. Like I can pile up 50$ and then transfer it to my paypal and only lose 34 cents + 3% instead of losing 34 cents each time. Did I get that right ?
     
    Last edited: Jun 6, 2013
  2. theMagicNumber

    theMagicNumber Regular Member

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    It is ~4% of the amount.
     
  3. S E O

    S E O Power Member

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    Dude paypal will charge you a minimum fees that's mandatory so no one can change it or by pass it.
     
  4. Abstroose

    Abstroose Elite Member

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    Use this site: http://paypalfeecalculator.paymentprocessing.cc/

    You're probably having Merchant Rate II deducted from your payments (2.2% + $0.30).

    Obviously if your margin is larger, the percentage is larger, but that $0.30 minimum fee won't sting you so hard.
     
  5. futurestunner

    futurestunner BANNED BANNED

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    they deserve it!
     
  6. SpookSEO

    SpookSEO Senior Member

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    PayPal will charge merchants or sellers a .30 cent fee plus a surcharge of 1.9% to 2.9% depending on how much you are receiving. They will do this each time you receive money from buyers. There is a special formula for surcharges each time you receive payment. The higher the amount, the lower the surcharge is. For example, for a payment under $3,000 the surcharge fee is 2.9% while anything greater than $100,00, the surcharge is only 1.9%. This is how PayPal earns their money.
     
  7. whynotmakeit

    whynotmakeit Power Member

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    Dude, you will get all sorts of incorrect answers here. Just go to PP and read their terms. Everything is laid out (and of course 100 % current and correct) on their website.......
     
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  8. saifkhatri

    saifkhatri Jr. VIP Jr. VIP

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  9. D-verse

    D-verse Newbie

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    I got it, they sites pay you out after maybe 20 - 50 $ so oyu only lose 34 cents once for that amount. Cause if you were sending out multiple tweets for 1-2$ dollars and each time you were fined 34 cents that would be about 35% of your entire earnings.


    Paypal is number 1, I wasn't trying to knock them.
     
  10. tompots

    tompots Elite Member Premium Member

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  11. D-verse

    D-verse Newbie

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    exactly
     
  12. MachineLord

    MachineLord Supreme Member

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    Papal feed the monkeys with that fee
     
  13. theMagicNumber

    theMagicNumber Regular Member

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    How exactly paypal TERMS are correct ?
    $500.00 -$19.30 $480.70 USD
    $500.00 -$19.80 $480.20 USD
    Payments are sent from the same client in 2 months. The first month i am paying 19.30 and the second month i am paying 19.80.
    I haven't received a payment larger than $1000, and my fees are ~4%.
     
  14. royserpa

    royserpa Jr. VIP Jr. VIP Premium Member

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    Lol dude, this is not DP or some random bs forum... you are on BHW!

    Wish I could neg rep u :D:D
     
  15. englandrm

    englandrm Senior Member

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    They have something called Micropayments. It's 5% + 5 cents per transaction. So that 2 dollars would only cost you 20 cents instead of the 34.

    And yes, I think you're right about doing multiple things or raising your prices. With a 30 cent base cost and the automatic 2.9%; it becomes a lot less significant with the higher amounts.