Does the customer pay more than what is listed?

[NEWHORIZONS]

We have a contract with someone and they want to pay by paypal. I know the paypal fee is currently 2.9% from what I've read.

Say the contract is for $1,000.00. Will the customer pay $1,029.00 and we receive $1,000.00? Or will the customer pay $1,000.00 and we only receive $971.00?

[kernowlass]

@NEWHORIZONS

Why would your customer pay your paypal fee?

[NEWHORIZONS]

@kernowlass

I honestly just want an example of what happens. Is it the former or latter version of what I have listed above?

[kernowlass · Accepted solution]

@NEWHORIZONS

You pay the fee.

https://www.paypal.com/us/webapps/mpp/ua/useragreement-full?locale.x=en_US#accepting-payments

No surcharges

You agree that you will not impose a surcharge or any other fee for accepting PayPal as a payment method.