TF Views

Onslaught Six wrote:Paypal doesn't charge fees if you mark as a gift. Just FYI!

BWprowl wrote:Since when did Paypal start charging fees at all? I hadn't noticed.

Onslaught Six wrote:Paypal charges fees if you are purchasing goods or services.

When you buy something off eBay, for example, let's say it's $15 and $5 shipping, so $20. Paypal takes a cut of that, because you're using the service for business shit and this is how they make money. Standard transaction fee is 2.9% + $0.30 USD. In other words, 30 cents, plus 2.9% of whatever you're sending. You send the seller $20, but Paypal takes out 58 cents (2.9%) and an additional 30 cents, so 88 cents. Not a big deal, less than a dollar, but think about how many eBay purchases are made in a day--and how many are, potentially, over $20.

For my IndieGoGo campaign I actually got doubly fucked. IndieGoGo takes 9% of every transaction to start with as a fee for using the service. If the campaign actually succeeds, they refund 4% back, so they take 5% in the end. (I didn't succeed, in the strictest sense, so I didn't get that 4% back.) The way it works is, you donated $25. Paypal takes 73 cents plus 30 cents for fees; that's $1.03 off the top. So I get $23.97. Then IndieGoGo takes their 9% out of my account, but it's not 9% of $23.97, it's of $25. So I pay IndieGoGo $2.25...and then Paypal takes the fee from my account on that, too, which is a measley 6 cents, but still. Six cents. Plus the thirty! So after all the fees and shit, I saw $21.36. Paypal and its fees can fuck you bad.