Question about PayPal transaction fees for GBs.

[OceanLyons]

I'm trying to figure out whether there will be any fees when people pay me through PayPal for the group buy I'm doing. I have a regular account that I do not have to pay anything for.

The following is the language I found regarding fees:

Receive payments funded by PayPal Balance, PayPal Instant Transfer or PayPal eCheck = Free

Receive payments funded by Credit Card, Debit Card = 4.9 % + $0.30(limit of 5 transactions per 12 month period)

This my first group buy. :)

[slowradio]

ask jaredloo, hey knows all about it

[OceanLyons]

Upgraded to Premier, and fees are 3%

[soni]

if I pay you with what is in my paypal account there is no fee. But if I was to paypal you from my debit card or checking account they will deduct the fee.

[jetman5443]

soni- Are you 100% on that????????

[rljlll]

you also can alway transfer money from debit or bank accoin to your paypal and it will stay there till you use it but it takes a few days to clear i believe

[rwessels]

In order to accept over a certain amount of money in a month (used to be a few hundred, but I think they lowered it), you have to have a premier account. Once that account is convereted, all trsansactions the involve recieving money have the fees deducted.

https://www.paypal.com/cgi-bin/webscr?cmd=_email-payment-pricing-outside

[jaredloo]

yeah, money in paypal account used as a payment there is no fee. Cards and checking have the 3% fee. When you are figuring out what to charge them don't just take the total and add 3%, you will be short. It's not much short but it adds up in a hurry.

What you want to charge is this:

Total Price = Subtotal + (Subtotal x 3.094%)