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Balance deduction in Paypal

Discussion in 'PayPal' started by Sanjeev SIngh, Feb 25, 2013.

  1. #1
    Did balance will be deducted from my account if a recieve or send money using Paypal?
    Sanjeev SIngh, Feb 25, 2013 IP
  2. JoomlaDesigner

    JoomlaDesigner Member

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    #2
    Yes, PayPal fees which is approx 4.2% will be deducted from the amount that you'll receive...
    JoomlaDesigner, Feb 25, 2013 IP
  3. karthimx

    karthimx Notable Member

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    #3
    For Sending there is no fees but for Receiving you need to pay $0.30 + 3.4%
    karthimx, Feb 25, 2013 IP
  4. deluxdon

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

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    #4
    PayPal is free for buyers to use; it doesn't cost them anything at all.

    Every time a seller receives money, PayPal charge a fee.

    Hope you understand this very well now.

    DON.
    deluxdon, Feb 25, 2013 IP
  5. humtuma

    humtuma Well-Known Member

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    #5
    For sending no amount deduct and for receiving,amount may be deduct and may not be. If you are using merchant service than it will be 0.30$+3.4% etc If you are receiving money from USA companies. It is not necessary , you amount deduct.
    Last edited: Feb 26, 2013
    humtuma, Feb 26, 2013 IP
  6. lifeplayer

    lifeplayer Notable Member Premium Member

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    #6
    Paypal will not deduct your balance, they will only change from the money received.
    lifeplayer, Feb 27, 2013 IP
  7. ugod

    ugod Greenhorn

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    #7
    As its all said above there are other Paypal fees as well which could even cost a buyer a small amount of fee in case if your primary currency is USD and the seller is accepting only Euros then you need to first convert your USD to Euros which would cost a small amount of fees due to poor currency exchange values provided by Paypal so there is a small amount of fee involved there for buyers as well in case they want to convert currencies.
    ugod, Feb 28, 2013 IP
  8. karthimx

    karthimx Notable Member

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    #8
    No its not like that, if the buyer only accept Euro and if seller sends USD then buyer has to either open a currency in USD or to exchange the USD to Euro on which he needs to pay conversion fee.
    karthimx, Feb 28, 2013 IP
  9. ugod

    ugod Greenhorn

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    #9
    Some sellers dont accept any other currencies like if USD is they accept then they would refund if you send Euro payments (lots of people do that to avoid currency conversion fees and poor exchange value) on other side if buyer does it before sending i.e. converts before sending then he have to pay the fees involved.
    ugod, Feb 28, 2013 IP