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Geek Culture / Paypal Question

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Cian Rice
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Posted: 8th Feb 2005 09:35
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I have a question regarding the fees for the Paypal premium account.
Is it a monthyl fee, or is it something where they take a percentage of the money you get? Please answer, if it's neither of these can someone explain how the fees work? It's really important.

Thank you in advancded.

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PiratSS
22
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Posted: 8th Feb 2005 10:12
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yes
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Cian Rice
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Posted: 8th Feb 2005 10:15
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Yes to which one?

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Mx5 kris
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Posted: 8th Feb 2005 10:15
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so..will graphics design be $5 a pop.j/k

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hyrichter
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Joined: 15th Feb 2004
Location: Arizona
Posted: 8th Feb 2005 11:03
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With a premium account, you can accept credit card payments. The fee is automatically taken out of each payment you receive. So if someone pays $20, you'll see about $17 come to your PayPal account. I don't remember the fees, but it seems like it's about $.35 + 3%. With a normal account, no fees are taken out, but you can't receive credit card payments.


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CattleRustler
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Joined: 8th Aug 2003
Location: case modding at overclock.net
Posted: 8th Feb 2005 11:32 Edited at: 8th Feb 2005 11:33
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I have a business account so on a $15.00 credit card transaction they take about 80 cents - dont know how it differs for premium account though.

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hyrichter
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Posted: 8th Feb 2005 11:54
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I thought business and premium were the same. It's been a couple years since I used PayPal for receiving payments though.


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spooky
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Joined: 30th Aug 2002
Location: United Kingdom
Posted: 8th Feb 2005 20:11 Edited at: 8th Feb 2005 20:15
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I have a paypal account that I use on eBay to sell off all my old junk.

Assuming you are in the UK:

Paypal charge a flat rate of 3.4% + 20p

PS. It's amazing what you can find by actually going to paypal website ( https://www.paypal.com/uk ) and clicking on 'fees' link along bottom of page!

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Cian Rice
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Posted: 9th Feb 2005 03:15
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I'm in the US and just wanted to know how it worked thank you very much, because I would rather not pay a monthly fee.

And at MX5 Kris: Lol

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