PayPal fees
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Today I recieved an amount of $2 from a friend in USA as a demo for my PayPal account. But when I recieved the money it showed that Amount $2 . Fees $0.46 and Total $1.54. I searched and found out that PayPal charges 4% for international transaction. But in my case they are taking 23% as fees. Can anyone have tell me about this?
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Fees
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Its down to how the payment was SENT to an account.
1. If sent using money > goods / services option then paypal would see the recipient as a seller and apply the new seller hold. They would also charge a fee.
2. If sent using the send money > family / friends option then the recipient would have the payment instantly (as long as it wasn't an echeque pending with a clearance date) with no fee.
However its against paypal rules to use option 2 for any selling of goods or services and they randomly check those transactions to make sure you are not abusing that feature.
Advice is voluntary.
Kudos / Solution appreciated.
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"to make sure you are not abusing that feature."
I hope they would also not abuse the fees they charge to us when sending payments.
This is ridiculous.
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Huh???
Did you actually read my post?
I was talking about using the friends/family option for paying for purchases which is against paypal rules and they will limit your account if you abuse the family/friends option by doing so.
Advice is voluntary.
Kudos / Solution appreciated.
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