Too high fee from receiving money - US to PH

JVdeVera
New Community Member

Hi everyone. I'm supposed to receive a $500+ fund from US. This is a payment for the service I rendered. The client sent a test charge of $1.00 which is Php 53.73 in Philippine Peso. It was successful. However, I got charged Php 17.36 as fee. That's around 30%. That's too much. I can't find the terms and conditions of Paypal where that 30% came from. Can somebody help me on this? I'm very new to using Paypal in receiving money.

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1 REPLY 1

kernowlass
Esteemed Advisor
Esteemed Advisor

@JVdeVera 

 

You pay a % + a fixed fee to receive paypal payments.

If you are sending a very low amount then the fixed fee element of the charge will  make that charge very high.

 

For example say its 3% + 30c (its not its an example) and you sent $1 it would be 33 cents. 

Whereas if you sent....                                                                                   $50 it would be $1.08

 

So you see the low one would look like a very high fee.

Check out the fees for your country in here........

https://www.paypal.com/ph/webapps/mpp/paypal-fees


Advice is voluntary.
Kudos / Solution appreciated.
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