Found 12th Apr 2008
...build a snowman

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7 Comments

tht is pretty bad

You should be able to view more details about the transaction and it should split up the fees. Paypal is quite high for fees however other than nochex there isn't much alternatives. They are basically going a BT on us, "we're the only people you can use so we'll charge you whatever we damn well please"

Banned

Robotochan;1881570

You should be able to view more details about the transaction and it … You should be able to view more details about the transaction and it should split up the fees. Paypal is quite high for fees however other than nochex there isn't much alternatives. They are basically going a BT on us, "we're the only people you can use so we'll charge you whatever we damn well please"



theres loads of people you can use, worldpay, secpay, google checkout, nochex etc

Do you think paypal should pay the fess they get charged by a bank to accept the card payment and make a loss on the transaction?
They are a business, they are there to make money, all other card processors will charge you to use their service, why shouldn't paypal?

You have probably got a personal account, as such you can only accept (IIRC) two credit/debit card payments per year.

When you have a personal account, you are also charged a transaction fee when receiving payment via credit card/debit card.

The reason you weren't charged this when people bought through eBay was probably because they either had he money already in their account, or they paid via their bank account rather than a credit/debit card.

dcx_badass;1881601

3.4% + an additional 20p charge.



That's the standard rate for personal accounts and has been for some time. See ]here.

Note also:

** If your transaction involves a currency conversion, it will be completed at a retail foreign exchange rate determined by PayPal, which is adjusted regularly based on market conditions. This exchange rate includes a 2.5% spread above the wholesale exchange rate at which PayPal obtains foreign currency, and the spread is retained by PayPal. The specific exchange rate that applies to your multiple currency transaction will be displayed at the time of the transaction.

Banned

as someone pointed out before, they have a fantastic business model.

colinsunderland;1881588

theres loads of people you can use, worldpay, secpay, google checkout, … theres loads of people you can use, worldpay, secpay, google checkout, nochex etc



Thats a good point - I just signed up for Google Checkout and although I haven't used it the fees seem reasonable (1.5% and £0.15).
It looks like you can send email invoices, or just send a pay now button using a HTML code embedded in a email.
Even better - you can charge the buyer's card after they pay you! (i.e. the funds are auth'd until you give the go ahead, great if there is a problem in shipping/delay's etc and you don't want to charge the card immediately but wait until just before you dispatch)
Only down side I can see is that if you issue a refund they keep the 15p, but give you back the 1.5%.
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