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Hi, I am completely new to Paypal coupled with WISE. I have my WISE connected to Paypal.
For product costing purposes, I need to understand the total cost in fees of all transactions required until I get the money deposited in WISE.
My account is Estonian and I understand I would have 2 types of fees:
1. Fee for charging the end client. Eg. if I request money from someone I would pay 3% + 0.30EUR for the merchant part of the transaction. I understand that if the other person pays with funds already in his/her paypal, then the fee is Zero.
2. Then there is the fee for moving the money from Paypal into Wise, where also another amount will be debited as a result of depositing into the Wise account (Belgium). This fee I do not know how much it is.
Can you (Paypal Experts in the community) help me figure out how much I would get debited with 1+2? I need this information to embed this charges into the final pricing of the services, so that I treat these fees as one more of the cost of doing business.
Anyone can enlighten me with this information?
Thank you everyone in advance.
Otto [removed]
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Hello @OttoAcuna,
Welcome to the PayPal Community! It sounds like you've done a fair bit of research already on what fees PayPal charges and when. I'd be happy to fill in the gaps. Here's a link to our Fees where you'll find any and all fees that PayPal charges. I was also able to dig up the definitions of when and how they are charged here: What are the fees for PayPal accounts?
I hope those two resources clear up any confusion. Have a great day!
- Jon K
If you find this or any other post was helpful, make our community better by giving kudos or accepting it as a solution.
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Hello @OttoAcuna,
Welcome to the PayPal Community! It sounds like you've done a fair bit of research already on what fees PayPal charges and when. I'd be happy to fill in the gaps. Here's a link to our Fees where you'll find any and all fees that PayPal charges. I was also able to dig up the definitions of when and how they are charged here: What are the fees for PayPal accounts?
I hope those two resources clear up any confusion. Have a great day!
- Jon K
If you find this or any other post was helpful, make our community better by giving kudos or accepting it as a solution.
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