Help With What Would Be Displayed On Overseas Transaction Detail Print Out

[UFB01]

Hi,

I am looking for help on what Fees etc would be displayed on a transaction print out.

• The account is a business account
• Its UK £ to a payment in China in $

On a transaction detail print out:

Displayed Under "YOUR PAYMENT"

1.  Gross amount
2. Paypal Fee
3. Net Amount
4. Currency Conversion
5. Exchange Rate

Gross amount = What the conversion of £ to $ is for the goods

Paypal Fee?? Would this display the 2.9%+$0.30 of the gross amount??? Or would this read £0.00?

Do I pay the Fee or does the person at the other end pay the Fee? 

Would the Fee be displayed on their transaction details at their end and not mine?

[sharpiemarker · Accepted solution]

@UFB01 

1. Gross amount (Total amount of transaction)
2. Paypal Fee* (minus Amount in fees)
3. Net Amount (Total Amount received into your PayPal account)
4. Currency Conversion (Amount in conversion fees)
5. Exchange Rate (Amount of exchange rate)

*(domestic: 2.9% + 30 p / cross border: add cross border % to domestic % rate as displayed here.)

Recipients of the money pay the fees on goods and service transactions.

Typically wherever the currency conversion happens is where the exchange rate/currency conversion information will appear. 

If you were invoiced in GBP, your local currency, then the other party would see the conversion information as you would be paying in local currency, therefore no conversion is needed.

But if you were invoiced in USD by a seller in China, then the conversion info would appear on your end because you have to convert GBP to USD.