PayPal Now Charges 5% ??? Are there alternatives? Have I been over-charged?

WD40

Hi,

I just took a PayPal payment from an Australian client. I invoiced him for £,109.00. The Paypal fee was an unbelievable £49.90... Is this normal for Paypal? I wouldn't usually take Paypal (bank wire is preferred), but it was that or lose the sale.

I thought the Paypal rate was more like 3%? 5% is a large slice of my margin. Had I known I wouldn't have bothered.

For the rare instances where clients must pay with a card, is there an alternative that doesn't require heavy subscription fees?

Thanks in advance.

noh

There is the "standard" fee of 3.4% + 20p plus a "cross border" fee of 1.5%

https://www.paypal.com/uk/webapps/mpp/paypal-fees

https://www.paypal.com/uk/webapps/mpp/cross-border-and-conversion-fees#currencyconversion

WD40

When on earth did the 'cross border fee' come about? I don't remember being charged 5% before. It seems staggeringly expensive... Utter rip off.

Atidi

WD40 wrote: »

When on earth did the 'cross border fee' come about? ...

Not sure when it was introduced, or even if it wasn't there from the start, but definitely been there for the last 4-5 years