[cozy]

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?

[LWC]

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.

[cozy]

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

[Neil Williams]

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?

[cozy]

Yes Neil, thx.

[Aqua-dapter]

Here it is:

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

Paul

[bad trippy]

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

[Aqua-dapter]

£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

[bad trippy]

cost of bank transfer= zilch 

[Richard 01903]

Online payments all the time scrap paypal

[LWC]

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

[Neil Williams]

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.

[awcs]

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

[Richard 01903]

Now thats a thought add a pound