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Recieving money through PayPal.

Discussion in 'Ecommerce Forum' started by Brasstrumpet, Oct 13, 2018.

  1. Brasstrumpet

    Brasstrumpet UKBF Newcomer Free Member

    9 0
    Hi all
    Please forgive my complete lack of knowledge of PayPal!

    Someone wants to pay me through PayPal for an item I have sold them. Will he or me be charged a fee to do this? If so does the fee get taken off straight away with the transaction or will he or me be charged at say the end of the month?
    Many thanks.
     
    Posted: Oct 13, 2018 By: Brasstrumpet Member since: Dec 1, 2017
    #1
  2. Bainzee

    Bainzee UKBF Contributor Full Member

    97 15
    you will be charged 3.4% + 20p for the transaction.

    the charge will be debited before its settled into your PayPal account
     
    Posted: Oct 13, 2018 By: Bainzee Member since: Mar 10, 2017
    #2
  3. Brasstrumpet

    Brasstrumpet UKBF Newcomer Free Member

    9 0
    Thanks Bainzee.
    It's funny because I'm sure previously, years ago I have never been charged for recieving money. I rarely use it just this guy is insisting he pays that way.
     
    Posted: Oct 13, 2018 By: Brasstrumpet Member since: Dec 1, 2017
    #3
  4. Bainzee

    Bainzee UKBF Contributor Full Member

    97 15
    depends on the account you have with PayPal. my advise would be to get your buyer to pay via the friends and family option as this way you will not be charged for the transaction
     
    Posted: Oct 13, 2018 By: Bainzee Member since: Mar 10, 2017
    #4
  5. Scottishgifts4u

    Scottishgifts4u UKBF Newcomer Free Member

    16 3
    If I was the buyer I wouldn’t use the friends and family option as that removes any protection options that they have.

    I fell foul of that buying a bit for my motorcycle that wasn’t as described but couldn’t do anything about it.
     
    Posted: Oct 13, 2018 By: Scottishgifts4u Member since: Jul 6, 2017
    #5
  6. menetworkjadaltd

    menetworkjadaltd UKBF Regular Free Member

    365 52
    If the buyer is so insistent (and you a little hesitant) of using PayPal, perhaps let him know of the fees... and that they will be added to his bill
     
    Posted: Oct 13, 2018 By: menetworkjadaltd Member since: Dec 14, 2011
    #6
  7. alan1302

    alan1302 UKBF Regular Free Member

    148 27
    Is that not legal now (assuming it's business to consumer)
     
    Posted: Oct 13, 2018 By: alan1302 Member since: Jun 2, 2018
    #7
  8. menetworkjadaltd

    menetworkjadaltd UKBF Regular Free Member

    365 52
    100%

    But you are not offering PayPal as a viable payment option.

    So explain its a "handling charge" for their convenience.
     
    Posted: Oct 14, 2018 By: menetworkjadaltd Member since: Dec 14, 2011
    #8
  9. TotalWebSolutions

    TotalWebSolutions UKBF Ace Full Member - Verified Business

    2,471 601
    As above, payment processing fees shouldn't be added on to the selling price as a separate charge but like any other business overhead you need to consider covering it in your final selling price/profit margins. Companies like JustEat are known to have changed to charging a 'handling fee' but this has to apply to all orders/transactions regardless of payment type (i.e. you cannot discriminate based on payment method).
     
    Posted: Oct 15, 2018 By: TotalWebSolutions Member since: Sep 29, 2009
    #9