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Paypal fees

  • 01-08-2008 7:38am
    #1
    Black_Knight
    Moderators Posts: 12,396 ✭✭✭✭


    Ive done a bit of googling and thats only really furthered my confusion.

    Do paypal charge:
    1. the sender of money to another paypal account
    2. the reciever of money from another paypal account
    3. Both

    Ive seen online calculators, some sites saying its €1 for transfers under €99, but €0 if their over €100. Doesnt really make sense to me.
    And the calculators allow me to change the percentage im being charged so thats not really anything concret!

    Can anyone just answer this simple question as above?


Comments

  • #2
    jor el
    Closed Accounts Posts: 16,713 ✭✭✭✭jor el


    Only the recipient gets charged. The recipient always gets charged too, there's no time that you can receive money and not pay a fee (except if the incoming money is a refund for a previous payment). The sender does not pay any fees.

    http://ppcalc.com/ is a good fee calculator.

    As far as I remember, years ago Paypal didn't charge the recipient if the incoming funds were coming from a Paypal cash balance. They only charged for card funded payments. That's not the case anymore, they now charge for all money received regardless of source.


  • #3
    mneylon
    Registered Users, Registered Users 2 Posts: 7,740 ✭✭✭mneylon


    Black_Knight wrote: »
    Ive seen online calculators, some sites saying its €1 for transfers under €99, but €0 if their over €100. Doesnt really make sense to me.
    And the calculators allow me to change the percentage im being charged so thats not really anything concret!

    Those are the fees for transferring money FROM paypal to your bank account

    Blog | Tweets



  • #4
    here.from.day.1
    Registered Users, Registered Users 2 Posts: 1,211 ✭✭✭here.from.day.1


    Sorry off topic but I was wondering how black knight had thanked himself in the above post. I only then realised theres two of you! :D


  • #5
    dropes
    Registered Users, Registered Users 2 Posts: 25 ✭dropes


    jor el wrote: »
    Only the recipient gets charged. The recipient always gets charged too, there's no time that you can receive money and not pay a fee (except if the incoming money is a refund for a previous payment). The sender does not pay any fees.

    http://ppcalc.com/ is a good fee calculator.

    As far as I remember, years ago Paypal didn't charge the recipient if the incoming funds were coming from a Paypal cash balance. They only charged for card funded payments. That's not the case anymore, they now charge for all money received regardless of source.

    "there's no time that you can receive money and not pay a fee"

    That statement is incorrect. It's possible to receive money and not pay fees. I sometimes use my paypal balance to pay a loan, and as the receiver has a personal account, he pays ZERO fees.

    https://www.paypal.com/ie/cgi-bin/webscr?cmd=_display-fees-outside

    So transferring your paypal balance to someone elses personnal account has no fees for either person.


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