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PayPal Services

  1. #1
    Gold Member nevinjohn's Avatar
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    Default PayPal Services

    Hi,

    I recently made some payments through paypal, and I noticed that the merchant didnt receive the whole amount I sent. The money was in US Dollars. Has anyone made paypal payment, does they charge any fee??

  2. #2
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    You have to pay a fee but only if you are selling something. The seller pays a 2.9% transaction fee on the total sale, which is why the whole amount was not received by the merchant.

  3. #3
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    They have a lot of different cost structures. I never paid much attention into details as I only make payments and not recieve any so I dont know what happens at the other end but yes merchants are charged a small fee by paypal.

  4. #4
    Alligator itsmemad's Avatar
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    Yes, Paypal does charge a small fee for receiving payments. You may view more about it here: https://www.paypal.com/webapps/mpp/paypal-fees

  5. #5
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    They do not charge fees when making payments to family. Otherwise they charge about 4.5% of the total money plus 0.30 dollars. I use PayPal and I actually find it to charge a lot when I sending money to a single person so I recommend that you use it for paying many people.
    Hope I was helpful.

  6. #6
    Gold Member webworld's Avatar
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    Quote Originally Posted by Mwazaule View Post
    They do not charge fees when making payments to family. Otherwise they charge about 4.5% of the total money plus 0.30 dollars. I use PayPal and I actually find it to charge a lot when I sending money to a single person so I recommend that you use it for paying many people.
    Hope I was helpful.
    To be exact, they charge 4.4% +$.30 as PayPal fee on non-family payments. So, to reduce the impact what I do is to withdraw only when there is a substantial amount in my account. As I work with a number of online earning sites, the higher the withdrawal amount the lower will be the fee impact on the amount. I think $.30 is a fixed rate irrespective of the amount and only variable part is 4.4%.

    But I think that is not an issue as it is only a small fee. But they are good in their service and reliable too.

  7. #7
    Silver Member Cashewfruit_wine's Avatar
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    Sometimes it could be tax from your country's government. There are countries in this world that charges taxes to Paypal interactions. I remember I purchased something that costs 20 US dollars and I paid a fee and a tax from the government as well.

  8. #8
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    When transferring money or payment, there are two choices. The other one has fees, while the other has none. I will check it again. Because I think it depends on the transaction you've made.

  9. #9
    Silver Member pwarbi's Avatar
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    As others have said, PayPal do charge fees for certain transactions, and while the fees are displayed on their site, sometimes they're not the easiest to figure out and the charge is more than what people are expecting.

  10. #10
    Bronze Member Peter97's Avatar
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    Quote Originally Posted by pwarbi View Post
    As others have said, PayPal do charge fees for certain transactions, and while the fees are displayed on their site, sometimes they're not the easiest to figure out and the charge is more than what people are expecting.
    Some countries also don't allow you to send "personal payments" free of charge to FRIENDS abroad, due to taxation and policies. I'm not sure which countries are affected by this, however you should be careful of this, especially when sending a big ammount of money.
    pwarbi likes this.

  11. #11
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    Quote Originally Posted by Peter97 View Post
    Some countries also don't allow you to send "personal payments" free of charge to FRIENDS abroad, due to taxation and policies. I'm not sure which countries are affected by this, however you should be careful of this, especially when sending a big ammount of money.
    I never tried sending PayPal money to others overseas. But I experienced domestically. With Php 7,000 or $170 above, there is no fee. But below that amount, there's a fee of about a dollar.

  12. #12
    Silver Member pwarbi's Avatar
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    That does seem to be one of the major problems and it's important that people take into account the charges that they can incur when using these kind of sites for sending payment.

    Sometimes though, people have no option to use these instead of the usual banking sites so if thats the case the fee is just something that people have to put up with unfortunatley.

  13. #13
    Silver Member challengewriter's Avatar
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    Normally charges occur when, it is a business account being used. But when it is a personal account, there is little or no charge made to someone's account. Like sending from a business account, reduces the money the receiver of the money being sent gets.

  14. #14
    Gold Member webworld's Avatar
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    Quote Originally Posted by challengewriter View Post
    Normally charges occur when, it is a business account being used. But when it is a personal account, there is little or no charge made to someone's account. Like sending from a business account, reduces the money the receiver of the money being sent gets.
    Even in personal account there are various categories. If it is like personal gifts no fee will be levied. But when you receive money as income for services you need to bear the fees. There are a few more options available there. In some countries categories like gift payments are not allowed.

    PayPal has to obey the local rules of each country and in some places they are not even authorized to hold the fund for more than 24 hours. The fund will be automatically withdrawn to respective bank account in 24 hours.

  15. #15
    Bronze Member Peter97's Avatar
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    Quote Originally Posted by ipol12 View Post
    I never tried sending PayPal money to others overseas. But I experienced domestically. With Php 7,000 or $170 above, there is no fee. But below that amount, there's a fee of about a dollar.
    I think there isn't a threshold for when you get taxed/charged by them, but rather it's worked out by a percentage of the money you are sending. That way, people don't try to bypass getting charged by sending only big amounts of money, or only small amounts of money.

  16. #16
    Gold Member webworld's Avatar
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    Yes, it is a percentage of money. In India it is 4.4% + $0.30, in that $0.30 is fixed and 4.4% is variable. That means the higher amount you withdraw, the lower will be the fee implication. PayPal is really smart to chalk out such a fee structure I think. But if you withdraw a very small amount, you are not going to get anything significant. It is always better to accumulate some fund and apply for a withdrawal.

    Here this fee is not high when compared to what Payza charges for a withdrawal. They got a very high fee for withdrawal. I think PayPal is more safe and economic.

  17. #17
    Silver Member challengewriter's Avatar
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    Quote Originally Posted by webworld View Post
    Yes, it is a percentage of money. In India it is 4.4% + $0.30, in that $0.30 is fixed and 4.4% is variable. That means the higher amount you withdraw, the lower will be the fee implication. PayPal is really smart to chalk out such a fee structure I think. But if you withdraw a very small amount, you are not going to get anything significant. It is always better to accumulate some fund and apply for a withdrawal.

    Here this fee is not high when compared to what Payza charges for a withdrawal. They got a very high fee for withdrawal. I think PayPal is more safe and economic.
    I haven't witnessed any fees deducted from my account yet, but when it happens. I'll be posting it on this thread. But Like you mentioned, paypal is preferable to the other means of online payment because it is "more safe and economic"

  18. #18
    Gold Member webworld's Avatar
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    Quote Originally Posted by challengewriter View Post
    I haven't witnessed any fees deducted from my account yet, but when it happens. I'll be posting it on this thread. But Like you mentioned, paypal is preferable to the other means of online payment because it is "more safe and economic"
    That means you have opted the payment to be received as personal gift which is not allowed in many countries. In my case it is for services and for that they levy some fee as I mentioned in the above post. It would be really helpful if there is no fees at all, but can't help it. I think in your country PayPal allows you to use that feature. Hope you are also allowed to hold your fund in your PayPal account and use it for online shopping at a later stage.

    - - - Updated - - -

    Quote Originally Posted by challengewriter View Post
    I haven't witnessed any fees deducted from my account yet, but when it happens. I'll be posting it on this thread. But Like you mentioned, paypal is preferable to the other means of online payment because it is "more safe and economic"
    That means you have opted the payment to be received as personal gift which is not allowed in many countries. In my case it is for services and for that they levy some fee as I mentioned in the above post. It would be really helpful if there is no fees at all, but can't help it. I think in your country PayPal allows you to use that feature. Hope you are also allowed to hold your fund in your PayPal account and use it for online shopping at a later stage.

  19. #19
    Silver Member challengewriter's Avatar
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    Quote Originally Posted by webworld View Post
    That means you have opted the payment to be received as personal gift which is not allowed in many countries. In my case it is for services and for that they levy some fee as I mentioned in the above post. It would be really helpful if there is no fees at all, but can't help it. I think in your country PayPal allows you to use that feature. Hope you are also allowed to hold your fund in your PayPal account and use it for online shopping at a later stage.
    Yes, it allows the storing of money on the account, sad for Indians about the policy. I am actually using a South African account, due to the fact that Paypal has a restriction in which Nigerian accounts cant receive funds.

  20. #20
    Bronze Member Peter97's Avatar
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    Quote Originally Posted by challengewriter View Post
    Yes, it allows the storing of money on the account, sad for Indians about the policy. I am actually using a South African account, due to the fact that Paypal has a restriction in which Nigerian accounts cant receive funds.
    Can you still withdraw the money to your bank account since you have a south African account in Nigeria? Or does it not allow to add a bank account and withdraw the money?and also how did you setup a PayPal account from another country, did you use a VPN by any chance?

  21. #21
    Silver Member challengewriter's Avatar
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    Quote Originally Posted by Peter97 View Post
    Can you still withdraw the money to your bank account since you have a south African account in Nigeria? Or does it not allow to add a bank account and withdraw the money?and also how did you setup a PayPal account from another country, did you use a VPN by any chance?
    Nope can'т wιтнdraw тo мy nιgerιan accoυnт and I dιdn'т υѕe VPN. Iғ I wanт тo wιтнdraw I'll need тo υѕe a ѕoυтн Aғrιcan вanĸ and ιтѕ noт a proвleм, мy вroтнer lιveѕ тнere ѕo I υѕe нιѕ ιnғorмaтιon and нιѕ вanĸ. Iтѕ тнe advιce PayPal gave мe υѕe a neιgнвoυrιng coυnтry тнaт allowѕ receιvιng.

    Sent from my GT-S7582 using Tapatalk

  22. #22
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    Quote Originally Posted by Peter97 View Post
    I think there isn't a threshold for when you get taxed/charged by them, but rather it's worked out by a percentage of the money you are sending. That way, people don't try to bypass getting charged by sending only big amounts of money, or only small amounts of money.
    It really is Peter. That's why when I am still working in a writing site where I earn $50 a week, I have to wait until it reached $200 at the fourth week of the month so I would be free of charge. It is still the same now. Anyway, $2-4 was already deducted when the site paid me.
    Perhaps, policies in each country just varies.

  23. #23
    Silver Member pwarbi's Avatar
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    When it comes to these charges, are the fees set by PayPal themselves or is it a restriction they are made to have in place by that countries laws governing financial transactions of this nature?

  24. #24
    Gold Member webworld's Avatar
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    Quote Originally Posted by ipol12 View Post
    It really is Peter. That's why when I am still working in a writing site where I earn $50 a week, I have to wait until it reached $200 at the fourth week of the month so I would be free of charge. It is still the same now. Anyway, $2-4 was already deducted when the site paid me.
    Perhaps, policies in each country just varies.
    Yes, we can avoid much of it s fee implication, if we can ask for a withdrawal of higher amount. For $100, they will deduct $4.7 as fee here, what about you? Even if the fee is not low, it is comparatively OK. They offer good speed in service. Also I get the money in my bank account within three days or so.

    In other payments processors like Payza iit is much higher than PayPal. That gives some sort of relief at least.

  25. #25
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    Quote Originally Posted by webworld View Post
    Yes, we can avoid much of it s fee implication, if we can ask for a withdrawal of higher amount. For $100, they will deduct $4.7 as fee here, what about you? Even if the fee is not low, it is comparatively OK. They offer good speed in service. Also I get the money in my bank account within three days or so.

    In other payments processors like Payza iit is much higher than PayPal. That gives some sort of relief at least.
    Paypal has always been better compared to Payza. The latter just charge higher than PayPal.

    When I am withdrawing my money with $100, I was charged just $1.25. Unless it's $170, I always get charged with the said amount.

  26. #26
    Silver Member pwarbi's Avatar
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    I think that's just one of the many reasons why PayPal is as popular as it is, the charges are as high as on the other sites.

    The more popular the site gets of course, the less they'll have to charge so in a way its to the consumers advantage that PayPal as some competition these days.

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    Quote Originally Posted by pwarbi View Post
    I think that's just one of the many reasons why PayPal is as popular as it is, the charges are as high as on the other sites.

    The more popular the site gets of course, the less they'll have to charge so in a way its to the consumers advantage that PayPal as some competition these days.
    Looking back then, there's Liberty Reserve. I wonder if it is still functioning now though. There's also Perfect Money, STP, Payza. But I never used all that I mentioned except Payza. But I can't see any of these matches PayPal. I do hope PayPal lower its rates.

  28. #28
    Silver Member pwarbi's Avatar
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    I think with PayPal, a lot will depend on I'd the rates are set by them, or if it's the actual country that makes the rates and PayPal just as to adhere to their regulations.

  29. #29
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    Quote Originally Posted by pwarbi View Post
    I think with PayPal, a lot will depend on I'd the rates are set by them, or if it's the actual country that makes the rates and PayPal just as to adhere to their regulations.
    Yes, PayPal has to obey the local rules of the country under any circumstances. But I don't think the rates are finalized by country. It may be finalized by PayPal based on the recommendation of the country. If PayPal is not ready to follow the rules of the nation, I think they will have to face the same fate of Facebook in China. In China use of Facebook is discouraged as they are not in good terms with the Government.

    Whatever it is PayPal offers good service with quality and also in some cases helps people to get a refund from scam sites.

  30. #30
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    Paypal charges some fee per transaction. The current rate of transaction is 4.4% + 0.30 USD. In addition to that, the exchange value for USD to INR is also lower than the actual rates. The rates are variable in different countries. They even keep changing their policies quite often. But this indeed is the safest and the most reliable medium of transaction. You can blindly trust this website and use it for carrying out any legit transaction, anywhere in the world.

  31. #31
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    Quote Originally Posted by webworld View Post
    Yes, PayPal has to obey the local rules of the country under any circumstances. But I don't think the rates are finalized by country. It may be finalized by PayPal based on the recommendation of the country. If PayPal is not ready to follow the rules of the nation, I think they will have to face the same fate of Facebook in China. In China use of Facebook is discouraged as they are not in good terms with the Government.

    Whatever it is PayPal offers good service with quality and also in some cases helps people to get a refund from scam sites.
    Indeed webworld. Companies that will enter a certain country should abide by the law of that country but the final decision with regards to rates and offers depends on the company itself by which PayPal was one of them.

    Despite all these high rates, among other companies with the same function, PayPal leads. I can do nothing despite the rates but abide by it as I am using their service.

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