PayPal charges varied fees for different transactions. Some transactions however, are free of charge. In this article we have detailed the various PayPal fees for various transactions.
Purchases made via PayPal
For all purchases made via PayPal you will be charged not a penny. What might cause some small deductions is using other currencies that are not allowed by PayPal. This is to say that it is very advisable to do your purchases via PayPal.
What about sending and receiving money?
If you reside in the UK, PayPal is all at your service. Receive and send money to friends and family for absolutely no fee. To continue enjoying this incredible offer, be sure to remember the following:
- Ensure you use a debit card
- Your debit card must be linked to your bank account
- Avoid currency conversions as these will inevitably attract small PayPal fees.
For transactions that are international, PayPal will charge you a small fee. In this case as well, currency conversion fee also apply.
Detailed breakdown of PayPal fees for sending and receiving money
Sending or receiving money in the UK
From the above mentioned stories on fund receipt and transfer in the UK, just remember the following. All payments funded by the sender’s bank account, debit card or PayPal balance are free. For UK client using credit cards, 3.4% plus 20p is the fee that applies.
Sending or receiving money from other countries
For transactions outside the UK, a small transaction fee applies. This fee varied depending on the particular country. The attaching PayPal fees are paid either by the sender or the recipient. All is at the discretion of the sender.
Remember that conversion fees applies in all cases in the event foreign currencies are used.
How much is charged for selling with PayPal?
The amount charged varies depending on quantity of sales, whether the client id in the UK or in other foreign countries.
Breakdown of the various PayPal fees for sales
Sales within the UK
For all sales made within the UK, a small fee of just 3.4% plus 20p applies. Of course this is not inclusive of currency conversion charges.
Charges also depend on the type of organization. For non-profit organizations the charges are as low as 1.4% plus 20p for each transaction. This charge also considers volumes. Merchants who transact huge volumes get more discount for the same.
PayPal fees also cater for micropayments within the UK. To get this service the client must get approval from PayPal. For such clients, the PayPal rates are5% plus 5p per transaction. Other PayPal payment services include the PayPal Heretm . Just like the micropayment, this one too is offered only to particular clients who have applied and have been approved. For this service, clients are charged2.75% for using Chip and PIN cards. It is also applicable for PayPal check-in.
What about PayPal charges for international sales?
In the case of international sales, the normal charges apply. Additionally, currency conversion fees and even cross border payments are included.
PayPal fees are lower than many other similar service providers in the money transfer industry. To get value for your sales, purchases and general money transfer services, PayPal is the way to go!