PayPal Fees higher than what they advertise?

Discussion in 'PayPal' started by David26, Jul 13, 2009.

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  1. #1
    I just happen to do the math on my calculator... PayPal states that their highest fees are 2.9%. I just received $10 dollars, and the PayPal fees were $0.55 and the guy lived in the US as me. Hmm:

    $10 X 2.9% = $0.29

    So why are the fees double that amount at $0.55 when they should be $0.29?

    (edit)

    Ah I forgot about their +0.30 cents, so I will have to do some more math since it seems like it is still doubled even on higher amounts.
     
    David26, Jul 13, 2009 IP
  2. HivelocityDD

    HivelocityDD Peon

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    #2
    I believe in their website they say it may vary from 2-5 %

    Now it is 4.x % I think
     
    HivelocityDD, Jul 13, 2009 IP
  3. bobchrist

    bobchrist Active Member

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    #3
    Also it depends on the type of account you have with paypal.
     
    bobchrist, Jul 13, 2009 IP
  4. Nonny

    Nonny Notable Member

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    #4
    If you both have US accounts, the fees range from 2.4% to 3.4%, plus the 0.30 transaction fee.

    https://www.paypal.com/ph/cgi-bin/webscr?cmd=p/gen/ua/policy_fees-outside
    https://www.paypal.com/ph/cgi-bin/webscr?cmd=_display-receiving-fees-outside&countries=

    The only way I get it to come out to 0.55 on $10 is if you are being charged 30 cents + 2.5%, which is pretty much the lowest rate.
     
    Nonny, Jul 13, 2009 IP