Large Transaction help

FlowerGIRL20
New Community Member

Hi -- I have a paypal business account that I've used for some time (mostly for transactions under $300).  I have a client who wants to pay a $5700 invoice via PayPal.  I'm trying to figure out if the fees will be more than the 2.9% +.30 per transaction.  I also need to know if there's an additional fee/penalty for me to transfer this amount to my checking account.  I can't seem to find that info. on the website.  Thanks!

 

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1 REPLY 1

kernowlass
Esteemed Advisor
Esteemed Advisor

@FlowerGIRL20 

 

If you want my advice then find another way to receive the funds.

As you have only accepted low amounts so far then suddenly receiving a higher amount 'may' trigger paypals security.

They will then limit your account until you have jumped through all the hoops to provide i.d. and that the payment is genuine etc.

This of course 'may' not happen but personally I would not risk it, can't they pay via bank transfer. 


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