Hi, I have an unverified Paypal account. I face a problem that for every transaction paypal takes at least 40 cents as fees. Is this natural? Or is this because I have an unverified account? Thank You
The fees must +30 cent..So every receive money will take more than 30 cent..paypal is very s**ks..But we no choice..
Well, Paypal charges a small fees for each incoming transaction in order to cover expenses and to keep afloat. They only do this for credit card transactions and for premier/business accounts where you are actually making money off their framework. If you think the fees are too high, you can find your own solution elsewhere. In my experience, they are very low cost compared to the other solutions I used.
Thanks for input everyone. I agree, that paypal maybe better than indefinitely waiting for a cheque to arrive. Eddy, whats the other service you have used? Consider, payment processors like V-Money or Liberty-Reserve, they don't charge much.
I think that Google Checkout have the potential to be a very good merchant processor. I completely agree though that Paypal's fees are not overly expensive and the fact remains that in this day and age if you want to trade, sell on ebay, etc. if you don't use Paypal, it's very limiting.
Yea, as I said before without paypal it is limiting, but it still doesn't not justify them charging such exorbitant fees. Google Checkout is yet to be advertised as widely as Google's other services. eg. GMail, YouTube.
I suppose you are right, they are what some people would consider exorbitant. Answer this question though, if you were the owner of a company that had a monopoly on a market, (this one being online payment processing), and could get away with charging high fees and watch your personal and company wealth sky rocket, would you not be tempted to keep these high fees? Business is relative. Paypal can do what they want.
I am using Plimus and Regsoft. For my pricing range, Plimus charges 7% to 15% and Regsoft charges a minimum of $3 or 8.25% .
Paypal is comparatively better than these services, when you deal with higher amounts. They charge 30c + 2%
Try logging onto internet banking with your bank...you can make a deposit into someone elses account and avoid paypals fees.
I don't get you *BOTH* According to what terminator69 said, wouldn't that just increase the fees, as there will be two transactions involved ie. from someone else's paypal to yours later? And I couldn't understand Fatal Error's remark? WHy call him a newbie, because his suggestion was incorrect?
Paypal is very good as long as you are a US citizen or US based account. Outside, you pay 1% cross border fee and another 2.5-3% foreign exchange rate conversion fee. That makes is 4% +1%+2.5-3.5%. Thats alot of $$. Despite all this, I love it with alot of hate. It brings in alot of $$ and makes life easier. I pay the cross border fee but not the forex conversion charges since I have a US based account as well.