Why is Paypal so expensive | I recieved my first payment...

Discussion in 'PayPal' started by Ojasvi Bhargava, Aug 3, 2010.

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  1. #1
    I recieved 1$ from cpmleader.com.
    I got net amount only .66 $ and .34 $ fee.
    Does paypal take fee for every transaction or is it me only.
     
    Ojasvi Bhargava, Aug 3, 2010 IP
  2. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #2
    Paypal charge transaction fee to everyone not just you.

    DON.
     
    deluxdon, Aug 3, 2010 IP
  3. RightMan

    RightMan Notable Member

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    #3
    Paypal collects its revenue by charging fee for every transaction and that is how it runs it's business. I guess... 0.34 is the minimum fee it charges and so for transactions involving $1 or less, you really feel the pinch! :(

    Regards,

    RightMan
     
    RightMan, Aug 3, 2010 IP
  4. kuttykraze

    kuttykraze Well-Known Member

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    #4
    Its the regular fees amount deducted by PayPAl.
     
    kuttykraze, Aug 3, 2010 IP
  5. Moses8595

    Moses8595 Peon

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    #5
    There's no such thing as a free lunch
     
    Moses8595, Aug 3, 2010 IP
  6. Red_Virus

    Red_Virus Well-Known Member

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    #6
    That is the nature of their business, they offer you a service and make money from the fees!
     
    Red_Virus, Aug 4, 2010 IP
  7. nura235

    nura235 Well-Known Member

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    #7
    In your case your are receiving a low amount and their fee charges

    2.9% + 0.30 USD

    so it deduct a major of 30 cent from your single dollar, so try to get big amount whenever possible.
     
    nura235, Aug 4, 2010 IP
  8. nitinleew

    nitinleew Well-Known Member

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    #8
    Yes..Same here..Also,fees are now the same for all accounts - Personal, Premier, and Business.....
    I think you can ask the buyer send you the money as "gifts"
     
    nitinleew, Aug 4, 2010 IP
  9. jack102

    jack102 Peon

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    #9
    They charge everyone, Unless it is sent as a gift
     
    jack102, Aug 4, 2010 IP
  10. thundertoms

    thundertoms Active Member

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    #10
    Not only for you! If you receive little amount of money, there will be high fees.
     
    thundertoms, Aug 4, 2010 IP
  11. nitinleew

    nitinleew Well-Known Member

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    #11
    Paypal removed gift option right now...:(
     
    nitinleew, Aug 4, 2010 IP
  12. jack102

    jack102 Peon

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    #12
    Really? They must of done that recently as i sent a gift the other day :S
     
    jack102, Aug 4, 2010 IP
  13. PaulSch

    PaulSch Active Member

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    #13
    Paypal is a business, so they make their profit from charging transaction fees. It´s not so bad when you are selling something for say $47 but on $1 it seems like a lot to ´lose´.
    Don´t worry, they charge everyone, not just you.
     
    Last edited: Aug 4, 2010
    PaulSch, Aug 4, 2010 IP
  14. bankruptcyonly

    bankruptcyonly Peon

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    #14
    paypal takes money for their service.
     
    bankruptcyonly, Aug 4, 2010 IP
  15. perfectblue

    perfectblue Well-Known Member

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    #15
    It is removed only for Indian paypal users
     
    perfectblue, Aug 4, 2010 IP
  16. johnsonp

    johnsonp Peon

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    #16
    Paypal removed gift option for Indian users because of RBI rules. Earning $1 though paypal is great loss because of paypal fee. It is really sad news.
     
    johnsonp, Aug 5, 2010 IP
  17. extremephp

    extremephp Peon

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    #17
    Not Just Indian, But Many Countries Like India!!

    US Still enjoy the thing and Many More countries!! :(

    I am Paying A Lot Since Am An Indian :(
     
    extremephp, Aug 5, 2010 IP
  18. mubashirnisar

    mubashirnisar Banned

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    #18
    if you have personal paypal account,they wont deduct anything from your account
     
    mubashirnisar, Aug 5, 2010 IP
  19. Moses8595

    Moses8595 Peon

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    #19
    Moses8595, Aug 5, 2010 IP
  20. mubashirnisar

    mubashirnisar Banned

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    #20
    i m using it for myself,thats why i know it,you only get charged for fees,if you are been paid using CC,else it is free
     
    mubashirnisar, Aug 5, 2010 IP