Sign in to follow this  
Followers 0
kdnguyen2

Paypal Fees

26 posts in this topic


I thought I would post this to inform everyone what the paypal fees are if the seller happens to ask to add them to the total cost of the purchase.  Paypal fees are 2.9% of the purchase/sell price + $.30 cents.  So if I sell something for $20 and ask the buyer to include paypal fees, then I would expect the buyer to send: $20*.029(2.9%) = $.58(variable cost) + .$30 (fixed cost) = $.88 + $20.00 = $20.88.  



 



I've seen posts where the seller asks for 4% and that just isn't correct, especially for purchases of larger ticket items.  



 



Hope this helps and I'm sure many of the folks who use this board already knew thissmile.gif



 



And to clarify, these are the fees that paypal is charging as of 02/11/2012smile.gif


Share this post


Link to post
Share on other sites

I thought I would post this to inform everyone what the paypal fees are if the seller happens to ask to add them to the total cost of the purchase.  Paypal fees are 2.9% of the purchase/sell price + $.30 cents.  So if I sell something for $20 and ask the buyer to include paypal fees, then I would expect the buyer to send: $20*.029(2.9%) = $.58(variable cost) + .$30 (fixed cost) = $.88 + $20.00 = $20.88.  

 

I've seen posts where the seller asks for 4% and that just isn't correct, especially for purchases of larger ticket items.  

 

Hope this helps and I'm sure many of the folks who use this board already knew this:)

 

And to clarify, these are the fees that paypal is charging as of 02/11/2012:)

 

Don't you think buyers should also know that anyone with a Paypal account is violating the agreement they made with Paypal and that the seller is not allowed to charge the buyer for the fees? Just thought it is worth noting. Same rules that any seller must go by if they are accepting credit cards. They pay the fees for the benefit of fast, easy payments.

Share this post


Link to post
Share on other sites

Actually you are just about the only one that cares about Paypal and its silly rules on SOL. Many businesses who accept credit cards do charge more for C.C. sales. Haven't you ever seen a gas station that has a cash price and credit price? You can also reword it to "cash discount" which comes down to semantics but still amounts to the same thing.

Share this post


Link to post
Share on other sites

that makes 2 of us who care about the silly rules on sol!

i never ask xtra for pp fees....just consider it part of price.

love the convenience of not having to wait for payment :D

 

and gas stations that have 2 prices are just ripping you off :mad:.........no other buisness does that

Share this post


Link to post
Share on other sites

I never ask a buyer to lie and send me a Pay-pal gift so he can pay the fees. I did it once for something I bought here, but I won't anymore. When I'm looking for something and the Paypal fees are added to the price, or Money order only is posted I usually pass or make an offer for a personal check it is also a pain to get a money order. I agreed to the Pay-pal terms so I'm fine with it, if others don't honor the terms that is their business I guess.....Jack

Share this post


Link to post
Share on other sites
that makes 2 of us who care about the silly rules on sol!

i never ask xtra for pp fees....just consider it part of price.

love the convenience of not having to wait for payment :D

and gas stations that have 2 prices are just ripping you off :mad:.........no other buisness does that

 

I think you misunderstood me. Its not the rules of SOL that I think are silly, it's paypal's rules that I consider silly. The fact that you aren't allowed to use the gift option in the BST is solely for the protection of the members of this site not for the benefit of Paypal or to enforce its policies.

 

Many SOL members look to unload items at their original cost not the inflated current values. If those who pay cash have to pay the same as those who pay with paypal, sellers will be forced to make cash payments +3% for items even when the seller just wanted to break even. Nobody makes anybody buy anything on the BST. Somebody tries to sell you a new Gary2 or Lefty for $25 + 3% for Paypal... YOU TELL THEM... NO, I WILL NOT PAY THE PAYPAL FEE!

Share this post


Link to post
Share on other sites

I know what the OP means, but alternatives are not much better. Of course money orders are not free (and I never see criticism of the "MO-only" sellers here) and we expect the buyer picks that cost up, gas to go to a "pick-up only" seller is not free, even checking is not free for lots of people, especially with the stamp and envelope being another 50 cents on top of the check cost. I'm not sure PayPal at 3% for small items is not as cost effective as the alternatives. For large items, it starts to add up of course.

 

Would you really answer a BST ad for "Crazy Ned's Used Plug lot -- all our plugs are just 2.9% over invoice"? It just sounds silly even though it might save me 12 cents here and there. Just round off the PayPal amount and add it to the asking price to keep things clear. Don't leave it to the buyer to compute -- the buyer ends up sounding like "that guy" if he wants to pay 20.88 instead of making it a whole dollar, which adds up with enough sales. I will assure you that if the buyer under-prices the pay-pal or rounds down, the buyer will correct the seller, so let's just add it in and be done with it.

 

 

 

 

 

Share this post


Link to post
Share on other sites
Actually you are just about the only one that cares about Paypal and its silly rules on SOL.

 

Baloney.

And it has nothing to do with SOL. Paypal has rules. Paypal asks that I agree to abide by them idf I use Paypal. I said I would. It's not too hard to figure out for most folks.

Share this post


Link to post
Share on other sites

Its not the rules of SOL that I think are silly, it's paypal's rules that I consider silly. [/b]

 

So then we can assume you decided because Paypals rules are "silly" you were not able to agree to them and abide by them so you decided not to open a Paypal account?

 

 

Share this post


Link to post
Share on other sites

Baloney.

And it has nothing to do with SOL. Paypal has rules. Paypal asks that I agree to abide by them idf I use Paypal. I said I would. It's not too hard to figure out for most folks.

 

Really, then why is asking for +3% for paypal payments so prevalent. :huh: I guess lots of folks figure it out quickly but just don't give a crap, they certainly don't cheer lead for paypal like you do. "If it has nothing to do with SOL" then keep your pro paypal agenda off of SOL! :idea:

 

So then we can assume you decided because Paypals rules are "silly" you were not able to agree to them and abide by them so you decided not to open a Paypal account?

 

Newsflash: The majority of user agreements are never read, few have the desire to immerse themselves in the pages of legal BS before hitting the "I agree" button on any (never mind every) web site. I like everyone else hit "I agree" and commence to playing angry birds. I also agreed to not download copyrighted content on file sharing sites, what else do you think user's are doing on these sites? I heard there are 17 year olds that falsely agreed that they are 18 years old in order to look at internet porn. Perhaps you can go after those scourges of society as well. I would think these sites will put all their resources into the matter to remedy the user agreement fraud that seems to have run rampant. Why don't you give my name and evidence (and all others you detect breaking the agreements) to Paypal and all other sites when you see us violating these sacred agreements. Let me know how that works out for you. Shouldn't take you long to figure out they don't give 2 craps either, it is only you who has such an affinity for such ridiculous minutia.

Share this post


Link to post
Share on other sites

Thought so.

 

By the way, I'm not pro Paypal. I am pro keeping agreements I make and pro reading the rules and not joining up if I don't like them and pro sticking to them if I do join up.

You are not. We disagree.

Share this post


Link to post
Share on other sites
Thought so.

By the way, I'm not pro Paypal. I am pro keeping agreements I make and pro reading the rules and not joining up if I don't like them and pro sticking to them if I do join up.

You are not. We disagree.

 

That is right, we disagree every time you bring this issue up (many times now). You sound like a very honest guy I just wish you could ease up on the rah rah Paypal routine and constantly pressing its policies here on SOL. Despite TimS saying he has no intention of enforcing paypal rules here on SOL, you just keep hammering away. I think I've told you before they tried screwing me twice and only through my credit card protection was I able to escape Paypal's lack of honor of their so called protection policies. It is true I hold them in low regard. I'm glad your not pro paypal, one could easily make that mistake.

Share this post


Link to post
Share on other sites

I'll back off as requested.

 

This thread was started to inform folks who were paying sellers the Paypal fees, exactly what those fees are so they would know when they were paying more than the fees. I simply felt that, in addition, the information about Paypal prohibiting the charging back of the Paypal fees by the seller was also useful to those who are asked to pay these fees.

 

Had my experience with Paypal been the same as yours, perhaps I would feel the same as you do. However, it has not.

 

 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to register here in order to participate.

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0

  • Recently Browsing   0 members

    No registered users viewing this page.