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since ‎Sep-11-2011
Country: United States
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bileme
bileme
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Re: Paypal fee of 2.9% is applied on the taxes of ...

by sharpiemarker Esteemed Advisor in PayPal Basics Archives
‎Jun-25-2020 07:19 PM
‎Jun-25-2020 07:19 PM
@bileme    Yes, PayPal does that. Its industry standard that payment processing fees include sales tax. It does not get parsed out. Its just that internet sales tax at marketplaces is a recent 'thing' and micro businesses and private/diy sellers are not used to it and think its wrong/illegal when it really isn't. Processing fees are calculated on the entire amount processed (item price, s/h, and sales tax).   https://www.cardfellow.com/blog/dont-lose-money-from-processing-fees-sales-tax/ ... View more
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