Paypal fees?

[skyline889]

If I'm sending money via Paypal but I'm doing a direct transfer from my account, will the person who receives the money get assessed the 2.9% fee?

Thanks, David

 

[dhp]

do you have a personal or "premier" account?

 

[skyline889]

Uhh, no idea the money in the account is mine but the account itself is my sister's, I believe it's the one that allows you to receive money from credit cards.

 

[Kirosia]

yeah, if you only have the personal (basic) account you don't have to pay anything.

EDIT: If it can receive credit cards, then the fee's tehre. I think it is the person who receives the money that gets screwed, at least that's what happened when some guy payed me.

 

[skyline889]

So even if I'm not paying by cc he gets charged the fees? Is there anyway to downgrade your accoutn temporarily? The reason is he was really nice and offered to sell a pair of headphones to me at a lower price as long as he doesn't get charged the fees, since it would be a pretty substantial deduction that Paypal would take.

 

[dhp]

no can do, paypal's a bitch. why not MO?

 

[cire]

there's nothing stopping them from opening a second paypal account

 

[Kirosia]

Quote:

Originally Posted by skyline889 So even if I'm not paying by cc he gets charged the fees?

Yes. One you have the premiere account (personal can't accept CC) all transactions take the hit.

 

[dhp]

Quote:

Originally Posted by cire there's nothing stopping them from opening a second paypal account

yes, but you can't transfer it to a bank account since only bank account is allowed per account. The best way is to link the bank account to your personal account and your credit card to your premier account

 

[skyline889]

F#$% I hate Paypal, I might not be able to afford those headphones anymore

.

 

[meat01]

How is 2.9% a substantial deduction and how is it that you can't afford the extra 2.9%? Even if the headphones were $500, then the pay pal charges would be $15.

 

[skyline889]

They're going to be $580 if I include the fees I think, I don't know how it works for you but I've had to sell my other headphones to buy these and I've also had to put in a few extra hours of work a week. Money is tight for me since I had to sell most of my stuff at lower than market value.