Fee charged for receiving payment?

kkk_sell
Member
Member

 

First time seller, did not expect to be charged with a fee when receiving payment from the buyer.

May I know how does the fee is calculated? So to prevent a loss in the future transaction.

By the way was charged with $10.42 out of  $230.00.

 

Thanks!

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1 REPLY 1

kernowlass
Esteemed Advisor
Esteemed Advisor

@kkk_sell

 

Sorry but how do you think paypal makes money to pay its staff their wages?

Its not a charity and you pay them to provide you with a service of being able to receive instant payments from buyers (including from credit cards).

 

FEES are listed in the user agreement but in the UK its 3.4% plus 20p for UK to UK transactions. You would pay more if its an international transaction but you can read up on those yourself if you need to.


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