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Fees higher than reported? Buyer sent $469.95, I received $448.97. That's a 4.5% fee, not 2.9%.

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Fees higher than reported? Buyer sent $469.95, I received $448.97. That's a 4.5% fee, not 2.9%.

I stated most of it in the title, but Paypal states it takes $0.30 plus 2.9%.  I take that into account when pricing an item.  After seeing they took almost $21 out for a <$500 payment, my mental-math sold me the fee was over 4%.  Is there some fine print I'm missing?  Now I'm wondering if I've been getting ripped-off for years with this since I never bothered to check whether a fee was 2.9% or 4.5% of a $20 payment here and there.

 

Thanks in advance!

1 ACCEPTED SOLUTION

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Volunteer Advisor

Re: Fees higher than reported? Buyer sent $469.95, I received $448.97. That's a 4.5% fee, not 2.9%

cross border transaction,30 cents plus 4.4%

3 REPLIES
Volunteer Advisor

Re: Fees higher than reported? Buyer sent $469.95, I received $448.97. That's a 4.5% fee, not 2.9%

cross border transaction,30 cents plus 4.4%

Member

Re: Fees higher than reported? Buyer sent $469.95, I received $448.97. That's a 4.5% fee, not 2.9%

Thank you.  Not sure how I missed the "in the US the fee is..." part.


sumiko wrote:

cross border transaction,30 cents plus 4.4%


 

Volunteer Advisor

Re: Fees higher than reported? Buyer sent $469.95, I received $448.97. That's a 4.5% fee, not 2.9%

Your buyer may be in the US,but he is using a card issued by a foreign entity and it costs more to collect the payment for you.