|
||
What is Paypal's Fee Structure
Before that question is answered let's take a look at some of the basics of Paypal:
What is Paypal? What Does it Cost? Sending Payments (excluding Mass Payments): Free Sending Payments through Mass Payments: 2% up to a maximum of $1.00 USD per recipient. Receiving Balance/Bank Funded Payments into a Personal Account: Free Receiving Card Funded Payments into a Personal Account (limited to 5 per 12 month period): 4.9% + $0.30 USD for domestic payments, 5.9% + $0.30 USD for cross border payments Receiving Payments into a Business or Premier Account (applies to all payments) Withdrawing your Balance: Free to transfer to a bank, $1.50 USD for a physical check, $1.00 USD for a PayPal ATM/Debit Card cash withdraw from an ATM, $3.00 USD for a PayPal ATM/Debit Card cash withdraw from a bank that requires a signature. Chargeback Fee: $10.00 USD per Chargeback filed unless you are protected by the Seller Protection Policy. Exchange Rate and Fee: The exchange rate is the retail foreign exchange rate as determined by PayPal at the time a transaction is completed. The exchange rate is adjusted regularly, based on market conditions, and includes a 2.5% Fee above the rate at which PayPal obtains foreign currency. The 2.5% Fee is retained by PayPal. Expanded Use Fee: $1.95 USD Records Request Fee: $10.00 USD (per item) Knowing the costs associated with using Paypal will help you determine whether or not it is going to be a good program for your online storefront, or online business. Many have found that it is a better way of tracking purchases, faster way of receiving payments, and much more convenient for them and their customers, as well as a less expensive method of payment, with more flexibility.
,
|
||
Copyright 2003-2020 by BusinessKnowledgeSource.com - All Rights Reserved
Privacy Policy, Terms of Use |