Paypal Merchant Rate (FEES) need advice

Discussion in 'PayPal' started by vincehelp, Oct 14, 2007.

  1. #1
    I was thinking receiving $310.00 USD -$12.39 USD

    paypal takes 12.39 bucks!

    So i went ahead and applied for merchant rate i was accepted and now:
    Congratulations! You have been approved to receive PayPal's Merchant Rates. Effective immediately, you will be charged 2.5% + $0.55 CAD to receive payments.

    I'm not sure how to calculate this so how much will paypal take from me now?
     
    vincehelp, Oct 14, 2007 IP
  2. goforhunt

    goforhunt Banned

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    #2
    Lets say on $310 they will charge 2.5%+$0.55 of $310 which will be equal to $7.75 + $0.55 = $8.30
     
    goforhunt, Oct 16, 2007 IP
  3. jimkarter

    jimkarter Notable Member

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    #3
    Is that mix of USD and CAD ?
     
    jimkarter, Oct 16, 2007 IP
  4. vincehelp

    vincehelp Peon

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    #4
    i applied for merchant rate and email says i will get
    you will be charged 2.5% + $0.55 CAD to receive payments.

    but then i recieve payments fees i get LESS but NOT at that 2.5% + 0.55 CAD

    :( why
     
    vincehelp, Oct 17, 2007 IP
  5. Clive

    Clive Web Developer

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    #5
    I wouldn't think so. Just CAD I guess.

    Is this available for the UK based accounts?
     
    Clive, Oct 17, 2007 IP
  6. inworx

    inworx Peon

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    #6
    Thats available to all accounts.

    Just you need to be eligible, which is not easy enough.
     
    inworx, Oct 17, 2007 IP