Payment received with 3% fee taken out

Kruniza1
New Community Member
I just received a payment from my renter thru PayPal (1st time I used PayPal to collect rent) and the fee were deducted from my balance. I am receiving money, not sending them - why am I being charged a fee??
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2 REPLIES 2

kernowlass
Esteemed Advisor
Esteemed Advisor

@Kruniza1

 

Exactly you are receiving funds as you are selling a service ie renting properties.

Sellers pay fees not buyers (or senders).

You pay paypal to be able to receive online payments or rents from buyers / tenants including ones sourced by a credit card.


Advice is voluntary.
Kudos / Solution appreciated.
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Whac-A-Mole
Frequent Advisor
Frequent Advisor

WHEN YoU SIGN UP to accept payment or send payment,read the terms and agreement and seller/buyer protection,esp in your case,what is not protected.

also the fee schedule

dont come back and cry you have been cheated.

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