pay pal fees and taxes

golcar66
Contributor
Contributor

hi

can anyone explain to me why i have to pay to Pay Pal a percentage of the Taxes a customer paid

on a transaction which i never see?

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1 REPLY 1

sharpiemarker
Esteemed Advisor
Esteemed Advisor

@golcar66 

 

Payment processors generally calculate their fee based on the entire amount received including shipping/handing/sales taxes where applicable. Its just that this is now happening for sales on the internet whereas this practice was already standard with brick and mortar businesses so if you weren't already operating a physical business, you wouldn't know this. The powers that be finally found a way to make money off the net. 

 

https://www.cardfellow.com/blog/dont-lose-money-from-processing-fees-sales-tax/


Kudos & Solved are greatly appreciated. 🙂
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