Paypal fees?

Discussion in 'PayPal' started by Steam, Nov 17, 2007.

  1. #1
    Is there a way to get around them, I loose like 20 bucks a month in fee's from transfers in paypal.
     
    Steam, Nov 17, 2007 IP
  2. libertygone

    libertygone Active Member

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    #2
    i lose hundreds. its just what you have to pay if you use paypal. it sucks
     
    libertygone, Nov 17, 2007 IP
  3. leede

    leede Guest

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    #3
    people here paying $xxxx to paypal.
     
    leede, Nov 17, 2007 IP
  4. izeaus

    izeaus Banned

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    #4
    You dont have to pay paypal if you do have Personal Account . While if you have business one or premiere account which is suited for business then you must go with fees . As nothing in this world is free
     
    izeaus, Nov 17, 2007 IP
  5. wkhaiaun

    wkhaiaun Peon

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    #5
    Personal accounts would not incur any fee to accept payment using paypal fund. However, if you are constantly receiving payment made from credit card, then no choice but to upgrade to premier account.
     
    wkhaiaun, Nov 17, 2007 IP
  6. warley

    warley Peon

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    #6
    All payment processors take their cut unfortunately although some more than others it is just the way of the world.
     
    warley, Nov 17, 2007 IP
  7. eddy2099

    eddy2099 Peon

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    #7
    Paypal is not a charity and they need to make money in order to offer you their service. If you believe that you do not benefit from using paypal then find some other solutions. However paypal is amongst the lowest priced payment processor anyways.
     
    eddy2099, Nov 17, 2007 IP
  8. MeetHere

    MeetHere Prominent Member

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    #8
    LOL - Reply of the year :D

    Yes, there is no other way.. You can try "limited featured" Personal account to save paypal fees.

    Also, calculate fees on www.ppcalc.com to know the loss you will incur
     
    MeetHere, Nov 17, 2007 IP
  9. eddy2099

    eddy2099 Peon

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    #9
    Well, if you try to use the personal account just to save a few bucks, make sure you do it very quietly and do not be found out otherwise you can get into trouble.

    The Paypal FAQ said that you cannot use the personal account for sales or business activities and you cannot spilt payments by accepting paypal balance to the personal and credit card to the premier/business accounts otherwise you will be charged fees for every single transaction.

    https://www.paypal.com/helpcenter/m...lutionTopic=20004&solutionId=12797&isSrch=Yes

    https://www.paypal.com/us/cgi-bin/webscr?cmd=xpt/UserAgreement/ua/USUA-outside#receive-policy

     
    eddy2099, Nov 17, 2007 IP
  10. FreelanceFirm

    FreelanceFirm Banned

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    #10
    Yes thats the main problem
    I lost hundreds for this paypal fees:mad:
     
    FreelanceFirm, Nov 17, 2007 IP
  11. Shazz

    Shazz Prominent Member

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    #11
    Thats the only tax for internet business, its not too bad..
     
    Shazz, Nov 17, 2007 IP
  12. smartmom

    smartmom Peon

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    #12
    Thank you Meet Here for the fee calculator. That will come in handy.
     
    smartmom, Nov 17, 2007 IP
  13. Steam

    Steam Guest

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    #13
    Ah I guess nothing in life is free.....
     
    Steam, Nov 17, 2007 IP
  14. Shazz

    Shazz Prominent Member

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    #14
    Personal account is :D
     
    Shazz, Nov 17, 2007 IP
  15. Bannaz

    Bannaz Active Member

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    #15
    Not much you can do if you use their service. Quite expensive, but does the job.
     
    Bannaz, Nov 17, 2007 IP
  16. msinfo

    msinfo Active Member

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    #16
    Exactly, as does everyone else Paypal has fees because they have to earn revenue. They're not a non-profit so expect that they have to make money to stay in business. Well said eddy.

    Joe
    MerchantSeek - www.merchantseek.com
    Your Payment Acceptance Source
     
    msinfo, Nov 17, 2007 IP
  17. eddy2099

    eddy2099 Peon

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    #17
    For those who say that Paypal fees are expensive, have you checked what your own profit margin is for selling your items, is that more than Paypal fees in terms of percentage ? If so, would you deem your product or service as expensive ?
     
    eddy2099, Nov 17, 2007 IP
  18. maggorz

    maggorz Active Member

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    #18
    There is no way to avoid them if you're a business person selling products on the internet - only way is to get a personal account but then you can't sell.
     
    maggorz, Nov 17, 2007 IP
  19. invarbrass

    invarbrass Peon

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    #19
    all payment processors impose fees. IMO paypal is actually cheaper than most others.

    i hear google CO has 0% fee?
     
    invarbrass, Nov 17, 2007 IP
  20. Shazz

    Shazz Prominent Member

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    #20
    Yup, if you think about 2.9% its not too bad on most big payments
     
    Shazz, Nov 17, 2007 IP