paypal fee question

cyberstar

As I understand paypal fee is about 3.4% + 20p. What if I sell something less than 20p, will this fee still to be taken from my account?

windswept

unless you are set up for micro payments, yes.

cyberstar

micropayments??

frivolous_fay

https://www.paypal.com/helpcenter/main.jsp;jsessionid=GQbfgcr8PJQ1QRG2nBLKtSJpvhnMyT7BTWKyn2VpJJk8HF718bqk!1840768585?locale=en_GB&_dyncharset=UTF-8&cmd=_help-ext&serverInstance=8002&t=solutionTab&ft=searchTab&ps=solutionPanels&solutionId=17794&isSrch=Yes

cyberstar

thanks, although I have seen lots of ebay sellers selling ebooks for 1p. How can anyone profit than that? Every 1p sold, 20p is deducted

digerati

cyberstar wrote: »

thanks, although I have seen lots of ebay sellers selling ebooks for 1p. How can anyone profit than that? Every 1p sold, 20p is deducted

Actually they don't worry about the cost as they are usually:

a) buying feedback

b) selling the buyer's email addresses and eBay ID for £1-5 to 'phishers'

c) doing other unsavory things with buyer's details...

soolin

cyberstar wrote: »

thanks, although I have seen lots of ebay sellers selling ebooks for 1p. How can anyone profit than that? Every 1p sold, 20p is deducted

Just to clarify paypal do not take more in fees than is received. So for a payment of 1p paypal can only take 1p in fees.

Soo