Paypal, amounts are different?

welshmoneylover

Hi

I flogged a few things on ebay and not using paypal before decided to give it a go.

I sold stuff and had payments through paypal so far so good, had email from paypal telling me to claim funds quickly otherwise they go back to the buyer.

Just been on paypal and after working out for ages how to accept the money, the difference now showing on the street is somehow a NET balance and I'm adrift by exactly £3.78.

Can anyone explain this difference please?

No_Eye_Deer

PayPal fees?

Indispensable_Hobbes

welshmoneylover wrote: »

Hi

I sold stuff and had payments through paypal so far so good, had email from paypal telling me to claim funds quickly otherwise they go back to the buyer.

Why would funds be returned to the buyer?

welshmoneylover

No_Eye_Deer wrote: »

PayPal fees?

I thought paypal didn't charge.

Indispensable_Hobbes

check the details of the transaction, it should give you a breakdown.

welshmoneylover

jenyking wrote: »

Why would funds be returned to the buyer?

I didnt know they did this but they sent me an email stating, if you do not claim your money by 16 June 2011 the transaction will be cancelled and the money return to the buyer's account.

This ebay lark isn't as easy as they make out!!

No_Eye_Deer

Click on the Details of a payment, half way down it will say something like

Total amount: £11.15 GBP
Fee amount: -£0.58 GBP
Net amount: £10.57 GBP

This is not your eBay fees they come out at the end of the month I think.

Indispensable_Hobbes

Perhaps you need to verify your account to claim the funds? I've not had this problem, funds are paid and are automatically in my account. Have a read through https://forums.moneysavingexpert.com/discussion/352832

welshmoneylover

I think it must be paypal fees.

Didn't realise they charged for it.

Hammyman

welshmoneylover wrote: »

I thought paypal didn't charge.

Yes of course they charge - 1.4% to 3.4% +20p

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

welshmoneylover

Hammyman wrote: »

Yes of course they charge - 1.4% to 3.4% +20p

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

Thanks, it all looks so easy when you know how and why things work :beer: