Fees

LexSalazar
Contributor
Contributor
I created a paypal account to receive money , I was just wondering if there any monthly fees taken Or if I had to keep up with any payments to keep my account activated Thank you !
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kernowlass
Esteemed Advisor
Esteemed Advisor

@LexSalazar 

 

No, any fees are deducted from your buyers payment as soon as they pay and the remainder credited to your paypal account balance.

 

FEES are listed in paypals user agreement.

https://www.paypal.com/ca/smarthelp/article/FAQ690

 

You can then withdraw those funds to any linked bank account.

https://www.paypal.com/ca/smarthelp/article/how-do-i-withdraw-money-to-my-local-bank-account-faq1189...

 

Be careful of well know SCAMS.

https://www.paypal.com/ca/smarthelp/article/what-are-popular-scams-i-should-avoid-faq3022?app=search...

https://www.paypal.com/ca/smarthelp/article/what-are-common-scams-and-how-do-i-spot-them-faq3176?app...

 

Read up on paypal seller protection so you can risk assess your transactions.

 https://www.paypal.com/ca/smarthelp/article/what-is-the-seller-protection-policy-and-what-items-aren...


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