Why is there a 2$+ fee for an 8$ transfer?

ravncedrik
New Community Member

I'm not american but 2 dollar fee is quite the stretch for an 8 dollar transfer via friends and family.

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1 REPLY 1

kernowlass
Esteemed Advisor
Esteemed Advisor

@ravncedrik 

 

Fees are in the user agreement for your country. 

As the fee is divided into a % + a fixed fee element then if you receive a very low amount of cash then the fixed fee element can make the fee disproportionately high.

 

Secondly if you received a 'fee' to receive a friends/family payment then they did not send it using friends/family but goods/services.

With a friends/family payment the sender pays any fee.

 

If you were the sender then its free if you fund the friends/family payment from a bank account or paypal balance, you only pay a fee if you fund it via a card.


Advice is voluntary.
Kudos / Solution appreciated.
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