cost of receiving money

fleeced-again
New Community Member

Paypal seems expensive to me am I missing some of the advantages

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2 REPLIES 2

Whac-A-Mole
Frequent Advisor
Frequent Advisor

yes,it is expensive.

It is meant for hobby sellers who sell ocasionally,or folks downsizing or a place for dealers to clear unwanted unloved merchandise.

since sellers do not have the appropriate retail credential,risk is high for a payment processor.

if you intend to sell steadily,apply for a merchant account ,discount rate would be lower,transactionf ee would be lower,but there would be other fees which are higher or not required with Paypal,so check it out 

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Whac-A-Mole
Frequent Advisor
Frequent Advisor

Paypal fee would be lower ,it varies with volume,you can find out by going to your account and click fee .

there are sellers who do 6-7 figures,their fee is quite low

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