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since ‎Jan-11-2010
TT350
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Latest Contributions by TT350
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Re: Merchant Services fees

by TT350 Contributor in How to use PayPal (Archive)
‎Jan-11-2010 05:51 PM
‎Jan-11-2010 05:51 PM
Let me try this again.   I make a $100.00 sale. the transaction fee is .30 that leaves $99.70, there is a 3.0% fee coming out of the $100.00 sale leaving me with $96.70.      Now there where $3.30 in fees from this sale. Do they take the $3.30 out at the time of the sale and post $96.70 to my account or do they let all the months sales add up and take the fees at one time at first of the next month? ... View more

Re: Merchant Services fees

by TT350 Contributor in How to use PayPal (Archive)
‎Jan-11-2010 04:37 PM
‎Jan-11-2010 04:37 PM
I understand that the $30.00 monthly fee is charged whether you make a sale or not but does the .30 cent per transaction fee and the 2.9% of the sale fee come out of your account at the time of the sale or does PayPal allow them to accumulate and take the at the first of the next month? ... View more

Merchant Services fees

by TT350 Contributor in How to use PayPal (Archive)
‎Jan-11-2010 02:24 PM
‎Jan-11-2010 02:24 PM
Hi   I’m currently using a virtual terminal/merchant service through my bank.   There rates vary if the card is “qualified” or “non qualified”   All business and government cards get charged a higher rate, same as a non qualified cards.   Are the rates that PayPal advertises the same for all card types? Visa, MasterCard, Amex and Discover?   My current merchant services provider takes there fees and charges out at the first of every month.   It is difficult to calculate the fees and has become an unpleasant experience.   Do you take the transaction fees of .30 per transaction and the percentage that I’m qualified at out of the transaction at the time it’s made, like you do when I use my regular PayPal account?   And the $30.00 monthly fee would come out at the first of every month?   Thank you for your time James Bounds     ... View more
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