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Earthfragments.com
Joined: 27 Feb 2005
Posts: 1031
Location: Pocono Mountains, PA
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| Posted: Mon Feb 06, 2006 10:52 am Post subject: Did Paypal just raise their fees? |
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Usually for a $19.99 payment, they take out 88 cents. (leaving $19.11 in my account) .................until this morning.
Today I got a $19.99 payment, and they took out $1.08! (leaving $18.91 in my account)
What gives? |
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bidclub
Joined: 20 Dec 2005
Posts: 89
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| Posted: Mon Feb 06, 2006 10:54 am Post subject: Re: Did Paypal just raise their fees? |
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| thats good ole paypal for ya they take what ever they want it sucks |
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Earthfragments.com
Joined: 27 Feb 2005
Posts: 1031
Location: Pocono Mountains, PA
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| Posted: Mon Feb 06, 2006 10:57 am Post subject: Re: Did Paypal just raise their fees? |
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| I want my 20 cents back! :evil: |
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Val77
Joined: 03 Nov 2005
Posts: 723
Location: The Sunshine State
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| Posted: Mon Feb 06, 2006 11:06 am Post subject: |
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Hmph...you may want to contact Paypal for an answer as I went to the site to check, as I was alarmed when I read your message...but it looks like everything in regards to the fees remain the same....I didn't see any changes....??
Earthfragments.com wrote (View Post): › docWrite("quote")
Usually for a $19.99 payment, they take out 88 cents. (leaving $19.11 in my account) .................until this morning.
Today I got a $19.99 payment, and they took out $1.08! (leaving $18.91 in my account)
What gives?
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Earthfragments.com
Joined: 27 Feb 2005
Posts: 1031
Location: Pocono Mountains, PA
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| Posted: Mon Feb 06, 2006 11:09 am Post subject: |
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| Looks like we may have an embezzler there :lol: |
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treasureseekerscove
Joined: 30 May 2005
Posts: 323
Location: Mohawk Valley Central NY
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| Posted: Mon Feb 06, 2006 11:16 am Post subject: |
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If the money was from someone internationally, then the rates are different.
If someone in the US pays, then the standard 30 cents plus 2.9% is the fee.
If someone in another country paid, then the fee is calculated differently. See copy and paste from paypal fee schedule:
If your transaction involves a currency conversion, it will be completed at a retail foreign exchange rate determined by PayPal, which is adjusted regularly based on market conditions. This exchange rate includes a 2.5% spread above the wholesale exchange rate at which PayPal obtains foreign currency, and the spread is retained by PayPal. The specific exchange rate that applies to your multiple currency transaction will be displayed at the time of the transaction. |
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Val77
Joined: 03 Nov 2005
Posts: 723
Location: The Sunshine State
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| Posted: Mon Feb 06, 2006 11:19 am Post subject: |
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Good point TSC.....I was just coming back to ask if it was an international buyer...
treasureseekerscove wrote (View Post): › docWrite("quote")
If the money was from someone internationally, then the rates are different.
If someone in the US pays, then the standard 30 cents plus 2.9% is the fee.
If someone in another country paid, then the fee is calculated differently. See copy and paste from paypal fee schedule:
If your transaction involves a currency conversion, it will be completed at a retail foreign exchange rate determined by PayPal, which is adjusted regularly based on market conditions. This exchange rate includes a 2.5% spread above the wholesale exchange rate at which PayPal obtains foreign currency, and the spread is retained by PayPal. The specific exchange rate that applies to your multiple currency transaction will be displayed at the time of the transaction.
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treasureseekerscove
Joined: 30 May 2005
Posts: 323
Location: Mohawk Valley Central NY
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| Posted: Mon Feb 06, 2006 11:25 am Post subject: |
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[QUOTE="V.P. Specialties"]Good point TSC.....I was just coming back to ask if it was an international buyer...
treasureseekerscove wrote (View Post): › docWrite("quote")
If the money was from someone internationally, then the rates are different.
If someone in the US pays, then the standard 30 cents plus 2.9% is the fee.
If someone in another country paid, then the fee is calculated differently. See copy and paste from paypal fee schedule:
If your transaction involves a currency conversion, it will be completed at a retail foreign exchange rate determined by PayPal, which is adjusted regularly based on market conditions. This exchange rate includes a 2.5% spread above the wholesale exchange rate at which PayPal obtains foreign currency, and the spread is retained by PayPal. The specific exchange rate that applies to your multiple currency transaction will be displayed at the time of the transaction.
[/QUOTE]Thanks!
I get alot of international buyers and always see the difference in paypal fees with them vs the US buyers. |
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Earthfragments.com
Joined: 27 Feb 2005
Posts: 1031
Location: Pocono Mountains, PA
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| Posted: Mon Feb 06, 2006 11:30 am Post subject: |
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It was a domestic buyer(I usually won't ship outside of the US)
I just called them. They claimed it was because my Paypal volume dropped by a couple hundred over the past 3 months?
Personally I never remember them taking out that much, even when business was slow last year....
Oh well, looks like ebay/PP get $1 more for every 5 items I sell. Bloodsuckers. |
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knappschiles
Joined: 25 May 2005
Posts: 4026
Location: Wi
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| Posted: Mon Feb 06, 2006 11:35 am Post subject: |
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Seems to me I saw something about a slight rate hike about 4-6 weeks ago. Something like from 2.5% to 2.9%. I know my standard sale had a 0.41 fee and now its a couple of pennies higher.
Carol |
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elgato
Joined: 24 Feb 2005
Posts: 16923
Location: Texas
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| Posted: Mon Feb 06, 2006 11:42 am Post subject: Re: Did Paypal just raise their fees? |
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PP Fees for receving payments from buyers in the U.S.::
https://www.paypal.com/cgi-bin/webscr?cmd=_display-receiving-fees-outside
elgato |
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Earthfragments.com
Joined: 27 Feb 2005
Posts: 1031
Location: Pocono Mountains, PA
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| Posted: Mon Feb 06, 2006 11:56 am Post subject: Re: Did Paypal just raise their fees? |
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| Can you find anything about the fees fluctuating depending on how much you bring in per month? Can't find anything on it. I know I never came close to bringing in 3 grand a month(or even 2 months). |
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sunflowers
Joined: 11 Feb 2006
Posts: 4
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| Posted: Thu Mar 02, 2006 9:41 pm Post subject: Re: Did Paypal just raise their fees? |
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| It looks like you just received an international payment. Paypal takes 1% more for payments from buyers outside the US. Instead of 2.9%, they take 3.9% plus the 0.30 fee, which makes it equal to exactly $1.08. That means no rate hike....for now at least! :wink: Mystery solved? |
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goodstuff4you
Joined: 29 Oct 2005
Posts: 873
Location: Torrance California
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| Posted: Fri Mar 03, 2006 6:29 pm Post subject: Re: Did Paypal just raise their fees? |
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| I thought I got an email about a fee change but it is sometimes hard to keep up with the ebay/paypal nut shell games. |
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