Does anyone know how much paypal fees are

burtons

I'm going to buy some tools from someone and they said i could pay through paypal as gift or goods, but if i pay as goods i need to pay the 5% fees, so as it's £150 i will be paying as goods so would anyone know what % paypal fees are.

graspthenettle

Paypal doesn't cost the buyer anything but I guess you are wondering how much it's going to cost the seller who seems to have told you 5%, is that right?

Found this on ebay/paypal

With PayPal, you only pay 1.4% to up to 3.4% plus 20p per transaction.



Try these links

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

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

burtons

graspthenettle wrote: »

Paypal doesn't cost the buyer anything but I guess you are wondering how much it's going to cost the seller who seems to have told you 5%, is that right?

Found this on ebay/paypal

With PayPal, you only pay 1.4% to up to 3.4% plus 20p per transaction.

I couldn't find anything more precise, sorry.

Try this link

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

Thanks for your reply. Yes the seller told me i need to add 5% on top of the £150 so he gets his £150, now i don't know if 5% is correct as i just booked a courier and they are charging 2% to use paypal.

wileycat

For us private sellers its 3.4% plus 20p per transaction.

The rate goes down if you make lots of transactions if I remember rightly.

If you pay as a gift, there are no fees to the vendor BUT you get no protection from paypal if anything goes wrong. Ideal for gifts etc between family/friends.

graspthenettle

Don't know if you had a chance to look at those links, especially the 2nd one but from what I gather, up to £150,000 the seller has to pay 3.4% plus 20p. If they earn more than £150,000 in a month then they pay less which is probably the case for the courier.

Sorry, my maths is terrible but basically, you need to work out whether you think the difference between 3.4% of £150 (plus that wretched 20p!) and 5% of £150 is worth worrying about.

graspthenettle

Right, thanks google!

5% of £150 = £7.50
3.4% of £150 = £5.10 (+ that 20p) = £5.30

Difference £2.20 - its up to you whether you think that is reasonable

forgotmyname

You pay as a gift and they fail to send the goods you get nothing.

No goods and no claim for anything, You sent them a gift which is non refundable.

Jakg

There is an option where when you send money through PayPal, you tell it you want to send £150 AND pay the fees.

lovinituk

Jakg wrote: »

There is an option where when you send money through PayPal, you tell it you want to send £150 AND pay the fees.

Really? I've never seen that before. Any ideas how to get that to work?

eslick

lovinituk wrote: »

Really? I've never seen that before. Any ideas how to get that to work?

used to be 6% done it a few times paying for villa rentals.

lovinituk

eslick wrote: »

used to be 6% done it a few times paying for villa rentals.

Sorry? What was 6%? Have you quoted the right post? Paypal have never charged 6% as far as I know!