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Calculating Paypal fees?

Discussion in 'PayPal' started by ~~~~, Oct 27, 2010.

  1. #1
    Hello,
    i had a query.
    I sell services & its very irritating to see client sends the requested amount but paypal eats the $$. Is there any way to calculate how much the client should send so as i receive the desired amount and client bears the fees?

    I had a case where client sent me 300$ and paypal ate almost $13~ :(
     
    ~~~~, Oct 27, 2010 IP
  2. perfectblue

    perfectblue Active Member

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    #2
    ask your client to send as a masspay ...whereby you will loose only $1
     
    perfectblue, Oct 27, 2010 IP
    ~~~~ likes this.
  3. Richie_Ni

    Richie_Ni Prominent Member

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    #3
    Richie_Ni, Oct 27, 2010 IP
    ~~~~ likes this.
  4. ~~~~

    ~~~~ Well-Known Member

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    #4
    But whats the point?
    I mean if i sell something for $2-3 (i do at times)
    I loose a bank if i sell it on a large scale.
    Thanks for quick reply though :(
     
    ~~~~, Oct 27, 2010 IP
  5. Texacola

    Texacola Peon

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    #5
    There a quite a few payment processors out there you can use instead, trouble is that Paypal is somewhat unique in that you normally get paid instantly to your account. Ones like google checkout only pay monthly I believe.

    You can also setup an online merchant account with your local bank but the last time I did this it cost me $600 just to setup and then it also has monthly fees as well as transaction fees too, so it's hard to find a win anywhere that won't rip you off. But of course you then need a website with a shopping cart integrated.
     
    Last edited: Oct 27, 2010
    Texacola, Oct 27, 2010 IP
  6. ~~~~

    ~~~~ Well-Known Member

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    #6
    Wow 600$ to set it up.
    Can you please elaborate google checkout pays monthly?
    I really dont get this?

    I mean is it that - i make 10 sales fetching me $400 on September 3rd, i have to wait all the way till september 30th to cash out!!? :mad:
     
    ~~~~, Oct 27, 2010 IP
  7. deluxdon

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

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    #7
    Are you looking for this one ?

    thefeecalculator.com

    DON.
     
    deluxdon, Oct 28, 2010 IP
  8. crazyblogger

    crazyblogger Active Member

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    #8
    Here is how paypal calculates the fee.

    Send amount - (3% of send amount + $0.3 )
     
    crazyblogger, Oct 28, 2010 IP
  9. Moses8595

    Moses8595 Peon

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    #9
    Just click here
     
    Moses8595, Oct 28, 2010 IP
  10. seotraining

    seotraining Active Member

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    #10
    Paypal fees is 3% so you can calculate fees according to it and add 0.3$ additional too
     
    seotraining, Oct 28, 2010 IP
  11. Ragu_007

    Ragu_007 Well-Known Member

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    #11
    I think PayPal fee is 4.2% so send and receive according to that rate. there are some sites available to calculate the paypal fee. You can try them too.
     
    Ragu_007, Oct 28, 2010 IP
  12. Mioni Krakel

    Mioni Krakel Peon

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    #12
    For smaller sales, Paypal has a Micropayments account, which you can apply for specifically. It has no fixed fee at all, but instead you pay 5-6% on the transaction. I remember I did some calculations on that and I don't remember if it was at $8 or $12 per sale where you'll find break even, and then the normal Paypal account will be cheaper from there on and up.

    But you have to get a specific Paypal acocnut, beside your normal one, and it has to be aspecific micropayments account.
     
    Mioni Krakel, Oct 28, 2010 IP
  13. nitinleew

    nitinleew Well-Known Member

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    #13
    2.9% + $0.30 USD
    Paypal ate almost $13??I think you should pay $9
     
    nitinleew, Oct 28, 2010 IP
  14. skynet88

    skynet88 Active Member

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    #14
    I also faced this prob..and i do search on google..

    Here the best way to avoid Paypal fees:

    1. To avoid fees when sending money choose “Personal payments” as this is free of charge both for sending and receiving Paypal balance.For your info ,Paypal Fees Policy has been updated. The fees for personal payment is $0.01. So you just check the box "I will pay the fee: $0.01 USD " if you make payment

    2. How to Avoid Paypal Fees
     
    skynet88, Oct 30, 2010 IP
  15. unbeatable

    unbeatable Peon

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    #15
    unbeatable, Oct 31, 2010 IP
  16. alexgreatcpa

    alexgreatcpa Active Member Affiliate Manager

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    #16
    paypal usually takes 3%+40 cent of total receiving amount .
     
    alexgreatcpa, Nov 1, 2010 IP
  17. rahman_abrar

    rahman_abrar Active Member

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    #17
    Buddy, he is asking for how to avoid paying money to paypal on receiving it. Why will the sender check the box if he has to bear the fees of paypal?
     
    rahman_abrar, Nov 2, 2010 IP
  18. GazzaS

    GazzaS Greenhorn

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    #18
    How about using a reliable and very in-depth paypal calculater? This way you can keep on top of all your funds

    http://ppcalc.com/
    Code (markup):
    regards
     
    GazzaS, Mar 7, 2012 IP