Clean It Up

UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: cozy on July 07, 2011, 05:59:51 pm

Title: PayPal costs
Post by: cozy on July 07, 2011, 05:59:51 pm

Just opened a new PayPal account for Fleabay and allowing my M.O.D. custies to pay via PayPal. Will be offering it from  next week. Just can't seem to find what the new % charges are now, as I haven't used PayPal for a couple of years. Had my old account closed down.

I know they charge for changing from pounds to euro's, but do they still charge for payments into the account?

Title: Re: PayPal costs
Post by: LWC on July 07, 2011, 06:37:43 pm

I think its 3.1% + 20p of transaction and no they dont charge to transfer money from paypal to your account any more, no matter the amount.

Title: Re: PayPal costs
Post by: cozy on July 07, 2011, 06:41:16 pm

Thanks mate. Couldn't find the cost table DOH!!  :)

Title: Re: PayPal costs
Post by: Neil Williams on July 07, 2011, 07:34:08 pm

I'll forward the e-mail I got today if you want, which has ALL the costs on it.
I presume it's the e-mail address in your profile?

Title: Re: PayPal costs
Post by: cozy on July 07, 2011, 07:38:52 pm

Yes Neil, thx.

Title: Re: PayPal costs
Post by: Aqua-dapter on July 07, 2011, 08:40:24 pm

Here it is:

https://www.paypal.com/uk/cgi-bin/webscr?cmd=_display-receiving-fees-outside

Paul

Title: Re: PayPal costs
Post by: bad trippy on July 07, 2011, 08:53:06 pm

so let me get this right, if a custy pays me a tenner via paypal the charge would be 54p?????
If so thats a rip off

Title: Re: PayPal costs
Post by: Aqua-dapter on July 07, 2011, 08:57:52 pm

£10 x 3.4% = 34p + 20p = 54p... yes!

Obviously that 20p is a bigger slice on small transactions.

There are cheaper alternatives like Nochex, and for websites.  PayPal is popular because so many people have PayPal accounts.  You pay for the convenience/customer confidence I guess.

We started with PayPal on the website because it's quicker/easier to set up, but once your number of transactions increases there are cheaper alternatives.

Paul

Title: Re: PayPal costs
Post by: bad trippy on July 07, 2011, 09:01:07 pm

cost of bank transfer= zilch  ;D

Title: Re: PayPal costs
Post by: Richard 01903 on July 07, 2011, 09:07:00 pm

Online payments all the time scrap paypal ???

Title: Re: PayPal costs
Post by: LWC on July 07, 2011, 09:25:46 pm

Hmm may seem expensive, but no collecting, or no envelopes with stamps on. Looks at 40p odd for envelope.

Title: Re: PayPal costs
Post by: Neil Williams on July 07, 2011, 09:28:53 pm

The costs involved come off your end of year accounts as an expentiture and/or you can tell customers there's a 50p add on charge if they wish to pay that way.

Title: Re: PayPal costs
Post by: awcs on July 07, 2011, 09:32:04 pm

i charge an extra £1 for paypal transactions. no one has ever questioned it

Title: Re: PayPal costs
Post by: Richard 01903 on July 07, 2011, 09:53:38 pm

Now thats a thought add a pound 8)