Fees for receiving money

[GasparzinhoRW]

Hi,

I received £20 for services I provided, but from this £0.98 was deducted. From what I could tell the deduction would have been £0.88 maximum with 3.4% (£0.68) + £0.20, or is my maths off?

Thanks for any help, new to using PayPal for receiving money. Although this seems a negligible amount I just want to be sure I understand the fee calculations for any future transactions.

Regards

Rob

[kernowlass]

I make it the same as you but was it an international transaction when cross-border fees applied?

[PayPal_paula]

Hi GasparzinhoRW, 

I have also calculated this for you and it seems that your receiving fee for this transaction was 3.9% +0.20GBP. This would calculate at 0.98GBP. May I suggest that you review your cross border fees for more information. 

I hope this answers your post and thanks kernowlass for your post and assistance

Paula 

[philcomm]

Thanks PayPal_paula,

But why should we have to figure this out?

Can't PayPal just include in the transaction details how the fee was calculated??

I'm quite sure we are entitled to see this info, and then half the questions on here would be answered!!!

Thanks 🙂

[barm]

A £10 fee was deducted from the money i recieved?!

Why?!

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@GasparzinhoRW wrote:

Hi,

I received £20 for services I provided, but from this £0.98 was deducted. From what I could tell the deduction would have been £0.88 maximum with 3.4% (£0.68) + £0.20, or is my maths off?

Thanks for any help, new to using PayPal for receiving money. Although this seems a negligible amount I just want to be sure I understand the fee calculations for any future transactions.

Regards

Rob

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[kernowlass]

What was the amount of the original payment.?

[kitty-kath]

I had a customer  send me 15 pound and I got a fee off 0.71p

What was the fee for??

I thought recieving money was free???

[jubigala]

I'm new to receiving money. I have been paid twice and on both occasions have been charged for receiving money. Both have been within the UK. £1.15 off of £28 and 0.54p off of £10. Can somebody explain why i am being charged - I thought it was free to receive money as a personal gift. Thanks in advance. Jubigala

[PayPal_Anna]

Hi All,

Welcome the New Members on the Community Forum!

Please find the link to detailed explanation of PayPal transaction fees:

PayPal UK fees breakdown

Hope it answers your posts.

Anna

[ant73]

Fees are getting unbelivable. I sell an item for 99p and get charged 23p from paypal. Plus ebay will want their 10%. 

Whats the point? Paypals and ebays greed has esculated through the roof over the years. 

Ebay started off pretty fair with their pricing several years ago, but now between the two of them they take a far bigger chunk of money than I think they deserve, and also ebays 10% includes the p+p fee... How crafty and hypocritcal when they used to knock sellers for making a bit on postage. Sheer greed!