Rounding policy

Gwharton
Contributor
Contributor

Hi, Does anyone know what rounding policy Paypal use. I was under the impression that Paypal used Banking rounding, i.e rounding to nearest even.

 

I ask as a recent refund of £15.00 with a fee of 2.9% resulted in a fee of £0.43. If it is banking rounding, then this surely should have been rounded to £0.44.

 

Any clarification, I just want to reflect the same rounding policy in my spreadsheets which pre-calculate my Paypal fees.

 

 

Login to Me Too
2 REPLIES 2

sharpiemarker
Esteemed Advisor
Esteemed Advisor

@Gwharton 

 

Then apparently PayPal does not round off to the nearest even.


Kudos & Solved are greatly appreciated. 🙂
Login to Me Too

Gwharton
Contributor
Contributor

In which case, what do they round to?

Login to Me Too

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.