PayPal charged transaction fees of $418, which is around 4.4%
Seems to me huge.
I tried to apply for merchant fees, but since I just applied a day before the transaction arrived, I was notified that I can only apply again in 30 days.
How can I reduce these huge and exaggerated fees ?
Well, I received a payment for $415 and they charged me $80!!! They won't even bother to explain why. In fact 2 other payments are "on hold" for days and also, without any explanation why. They simply don't care.
Sorry can't help you. You have not shown what country you are in on your profile OR said what country you are in. As Paypal is country specific then we can't advise without knowing that information.
Advice is voluntary. Kudos / Solution appreciated.
I am in Mexico, and I don't know how that's relevant for this case. I have been selling many things on eBay for years and this is the first time Paypal is charging me 21% of the total amount without any explanation.
