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Does paypal take a fee when accepting ko-fi transactions? For example, some one sent me $6 over Ko-Fi but I only received $5.54 in my paypal.
edit: and the payment was from someone using the same currency as me.
This topic could really need more attention I think. What is the communities opinion? It would be great and fair and inside the guidelines of paypal to not cut off a piece from donations. They should be categorized like a gift from friends. People want to help you and most are not aware, that you only get a part of it. E.g. one "coffee" on ko-fi is 3€. If the reciever gets only 2,50 or so, I'd be upset as a donator. And for being the one in need it is a pity seeing the money flow away when even the smallest amount would definately help you to survive, for your project, or whatever.
Still a thing… and being in Australia means I don’t even get the choice to use anything else.
People donate $3, I receive $2.44 and that’s before exchange fees etc. I get it that PP needs to make money but damn.
We have encountered this problem as well.
As a small company, all funds are necessary. We decided to migrate from Patreon because of its fees, but are disappointed to find that using Ko-Fi comes with fees as well, but due to PayPal.
It is understandable that paypal counts this as a business transaction, but for many cases it isnt, and there should be infrastructure to determine this.
Ko-Fi has clearly defined payments, that of commissions (which are paying for goods and services), and that of donations/membership tiers, which are for the purpose of donating, not paying for a good or service.