I dont understand the 1.4% to 3.4% + £0.20 GBP* charges.

[bigboy10b]

I dont understand the 1.4% to 3.4% + £0.20 GBP* charges. If im selling an item for £1000 would i just charge the 3.4% (£34 plus 20p) or would i charge £34 plus 20p for every single pound??

[kernowlass]

The 1.4 i believe is for those people with micropayments account.

You pay 3.4% + (x1) 20p payment as well.

BE VERY CAREFUL selling such an expensive item and using paypal.......lots of scams about.

Also make sure you insure it well before you send it.

[bigboy10b]

So would i be correct saying that if the payment is £1000 would the charge be £1034.20 if 3.4% ???

[kernowlass]

Huh?  You don't pay more than the item is worth in fees, not sure i understand your question.

The fee you will pay on paypal will be £34.20 so they deduct that first and put the balance 965.80 into your paypal balance.