Negative Balance

[faithless]

I sold something on ebay for £14.25 but the payment has been put on hold by the buyer (even though they only paid 2 days ago) but why am I showing a negative balance of £14.25 because the amount I actually receive after paypal take their overpriced 68p fee is £13.57.

I also think paypal should charge a flat percentage fee rather than 25p + percentage because on smaller items like cd's and dvd's, say you sell for £1 after ebay sting you with their fees (listing and fvf) paypal heavily sting you considering the amount involved

Also according to a documentary I watched once, corporations when put to a psyche test come out as psychopathic. Anything that makes one man 7+billion in just over 10 years is obviously flawed, dude could put a dollar in every pocket of every person on this planet, but I bet none of us are in his will. Rant over. Needed to vent. Fed up with automated emails/processes and the lack of free thinking from employees of these corporations. I swear 1984 was onto something.

[PayPal_john]

I sold something on ebay for £14.25 but the payment has been put on hold by the buyer (even though they only paid 2 days ago) but why am I showing a negative balance of £14.25 because the amount I actually receive after paypal take their overpriced 68p fee is £13.57.

If the payment is placed on hold the full payment is placed on hold. It's a  bit messy I admit, if the payment is reversed then then fee is reversed as well.

I also think paypal should charge a flat percentage fee rather than 25p + percentage because on smaller items like cd's and dvd's, say you sell for £1 after ebay sting you with their fees (listing and fvf) paypal heavily sting you considering the amount involved

You should look into maybe setting up a micropayments account?

PayPal offer a separate fee structure for Verified Business/Premier merchants who only accept small UK to UK payments.

The fees are 5% + 5p per transaction compared to 3.4% + 20p which is the standard rate. For Cross-Border payments you will be charged 6% + 5p.

It is most financially beneficial to you if you accept payments under £9 for accounts with the Micropayment fee structure. For this reason it may be advisable to have a separate account for the small or ‘Micropayments’.

Here’s how you can sign up for micropayment pricing:

1. Go to our micropayments website at https://micropayments.paypal-labs.com
2. Click ‘Signup.’
3. Select the appropriate country.
4. Click ‘Login here.’
5. Enter your PayPal account password and click ‘Log in.’

Allow 2 business days for the micropayment pricing to take effect.

Note:

Micropayment pricing applies to all transactions regardless of the transaction amount. For example, with micropayments pricing, it would cost 25p to receive a £4 payment and it would cost £1.05 to receive a £20 payment.