$29.55 fees on $750??

[POSC]

My account says I should pay 2.9% plus a $0.30 transaction fee.  I'm no math wizz, but 3% of $750 is $22.50.  Add 30 cents to that it I come up with $22.80, not $29.55.

Just checked another transaction.  My customer paid me $440 and I was charged $17.46 for it.  Let's see...round up to 3% and 3% of $440 is $13.20.  Add another 30 cents and that doesn't add up anywhere near $17.46.  I'm afraid to go back to all the transactions that I've accepted over the last year.

Anyone have any ideas for me??

[Amanda411]

Hi POSC,

Welcome!

It looks like you may have received payment from another country. International payments are assessed a 1% cross border fee.

For a payment of $750 here is how the fee would be calculated:

750 x 2.9% = 21.75

750 x 1% =  7.50

21.75 + 7.50 = 29.25

29.25 + .30 = 29.55

To learn more check here: https://www.paypal.com/fees

Amanda

[Duster408]

Thank you too. Your reply also answer my question. The math does add up when 1% is added.