Paypal Fees

[mark_hadfield]

At the risk of sounding like a complete dunce:

What are the fees associated with paypal? I've tried to understand them but I don't!

At the moment I have a normal bog standard personal paypal account. If someone gives me, say, £100 - what are the fees associated?

 

[Top Hat]

3.4% + £0.20 GBP

So for a £100 transaction it would be £3.60

If you are doing more than £1500 per month, you can get a better rate if you fill out the form on the paypal website.

 

[mark_hadfield]

So regardless of whether it's £10 or £100 - it's 3.4% and 20p?

 

[Top Hat]

Yep.

£10 would be 54p

 

[mark_hadfield]

Many thanks - that's nice and simple.

 

Those are the fees assuming paypal actually give you the money. And dont keep it.

Google the term paypal scam...

Very worrying.

 

[ewan]

Nochex are cheaper and don't seem to be doing any paypal-esque scamming, worth a shot:

http://www.nochex.co.uk

 

[multilingual]

I heard that the paypal scam website is operated by dirgruntled former employees with more than one or two axes to grind.

I have yet to come across any actual proven cases of PayPal keeping peoples money or trying to rip people off. They may make mistakes from time to time but so do banks.

Much of the criticism was directed at PayPal during the early years when they were on a steep learning curve.

A lot of rumour and urban myths flying around.

People should research the facts for themselves and make up their own minds rather than just believing everything they read.

JB

 

[desk2web]

There is a neat "trick" to send a payment to another paypal user and avoid the excessive charge - I think it limits the transaction charge to 65p.

Its legit - no dodgy stuff - if you want to know how PM me.

 

[Toon]

There is a neat "trick" to send a payment to another paypal user and avoid the excessive charge - I think it limits the transaction charge to 65p.

Its legit - no dodgy stuff - if you want to know how PM me.

I have used this method to test it out and it does work but how legit is it? By avoiding Paypal fees you are not paying for the service you are using therefore isn't this fraud?

 

[desk2web]

What constitues a Mass Payment? I can find nothing on the site to say either way.

I would be interested to read others views though.

 

[Toon]

What constitues a Mass Payment? I can find nothing on the site to say either way.

I would be interested to read others views though.

i would presume 2 or higher.

 

[desk2web]

I would presume 2 also, but like I say there is nothing to substantiate that that I can find.

 

Just to butt in. I was 'scammed' by Paypal a few years ago. They witheld £47 from me as they claimed a complaint had been filed against me for non delivery of a printer. The printer had been delivered to the customer and the customer verified this however Paypal refused to un-lock the account because as far as they were concerned the issue had not been resolved????????

I have never used them again. Nochex is way better.

 

[Toon]

Nochex is good. I offer it on my website and receive about 1 transaction a quarter through it! That speaks volumes about what my customers prefer.

 

[Eagle]

 
Nochex also have a much better logo these days... :wink: :wink:

 

[Toon]

Nochex also have a much better logo these days... :wink: :wink:

I guess you designed it then? :wink:

 

[thegateways]

I wonder no one talked about worldpay, though as per my experience the charges of chronopay is quite reasonable that one can afford easily. They are providing 24x7 support as well.

 

[ewan]

Nochex is certainly the cheapest at the moment.

For those of you looking for a one-off yearly payment gateway with no added charges if you stay within 150 transactions/month (ideal for dealing with large order volumes) why not look at Roman Pay which is quite new to the market.