Lucifer Posted December 7, 2006 Share Posted December 7, 2006 I'm not saying you can't charge, it's your business at the end of the day. What I'm still saying is that Paypal don't charge 4%, therefore when people say "plus the 4% Paypal fees" they are hiding a bit extra for themselves. If you want to charge 4% to cover the costs incurred from using this service then advertise it as being your charge, otherwise it's 3.4% plus 20p. If you don't want the customers don't accept Paypal, if you do want them charge the right fees or advertise the charges as being your own. I'm shocked to hear you've had any issues that might end up with Paypal resolution to be honest, you always come across as being so efficient Efficiency has nothing to do with it, its Paypal and they way they opperate. Just agree to disagree I think. Quote Link to comment Share on other sites More sharing options...
michael Posted December 7, 2006 Author Share Posted December 7, 2006 Just agree to disagree I think. Hell no, I have a week off and nothing to do... Quote Link to comment Share on other sites More sharing options...
CJ Posted December 7, 2006 Share Posted December 7, 2006 A serious question: Does the rule of 3.4% + 0.20p apply to all transactions? I was led to believe it is different for verified as opposed to non verified etc. Luckily for me, I only have to take paypal on personal sales and therefore rarely get to use it much. Quote Link to comment Share on other sites More sharing options...
michael Posted December 7, 2006 Author Share Posted December 7, 2006 A serious question: Does the rule of 3.4% + 0.20p apply to all transactions? I was led to believe it is different for verified as opposed to non verified etc. Luckily for me, I only have to take paypal on personal sales and therefore rarely get to use it much. https://www.paypal.com/uk/cgi-bin/webscr?cmd=_display-fees-outside As you can see, a trader doing enough business through Paypal can actually reduce the fee to 1.4% plus 20p. Out of interest how much does it cost to take visa payments through a card machine? Quote Link to comment Share on other sites More sharing options...
CJ Posted December 7, 2006 Share Posted December 7, 2006 https://www.paypal.com/uk/cgi-bin/webscr?cmd=_display-fees-outside As you can see, a trader doing enough business through Paypal can actually reduce the fee to 1.4% plus 20p. Out of interest how much does it cost to take visa payments through a card machine? True - but they would have to be some kind of business to generate sales through paypal of £55000 per month! IIRC, it used to cost around 3% - but i may be wrong. I usually am! Quote Link to comment Share on other sites More sharing options...
Pete Posted December 7, 2006 Share Posted December 7, 2006 So don't take it But if that's the only way people want to pay you then it's better not to turn away the trade. Doesn't mean I can't moan about it. Quote Link to comment Share on other sites More sharing options...
Nic Posted December 7, 2006 Share Posted December 7, 2006 I'd rather not have to charge 4% pay pal fee, but I have to cover the cost somehow. I don't include in the price of the product, because it would not be fair to those customers who pay by bank transfer instead. This is the reason I give customers the option of either paying by pay pal or bank transfer. For smaller amounts, pay pal works out cheaper than paying bank fees to transfer money here, for larger amounts bank transfer is cheaper. Pay Pal not only make their percentage on each transfer, but when paying overseas they also give much lower exchange rates compared to banks. So in reality 4% does not cover my loss from the lower exchange rate. In the end though, Pay Pal is the simplest, most convenient and quickest way of paying for goods from overseas. As a side note, lots of shops in HK actually charge you 4% extra if you use your credit card to purchase a product also. Quote Link to comment Share on other sites More sharing options...
imi Posted December 7, 2006 Share Posted December 7, 2006 therefore you are charged £1.60 too much, this is enough to buy an egg sandwich and a drink from Asda! What about Tesco ? Quote Link to comment Share on other sites More sharing options...
michael Posted December 7, 2006 Author Share Posted December 7, 2006 What about Tesco ? Not a chance, Tesco is for the rich kids. Quote Link to comment Share on other sites More sharing options...
Pete Posted December 7, 2006 Share Posted December 7, 2006 What about Tesco ? Egg sandwich and a packet of crisps. Quote Link to comment Share on other sites More sharing options...
imi Posted December 7, 2006 Share Posted December 7, 2006 Egg sandwich and a packet of crisps. YUM YUM - What type of crips? The ones that you pop and cant stop Quote Link to comment Share on other sites More sharing options...
Pete Posted December 7, 2006 Share Posted December 7, 2006 YUM YUM - What type of crips? The ones that you pop and cant stop Tescos own from the "You asked for it, so we made it" range, moist gusset flavour. Actually...think if enough of us asked for that, they would make it? Quote Link to comment Share on other sites More sharing options...
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