This may be a dumb question, as I'm new to buying and selling through paypal...

Whydo some people say "3% additional" for paypal payments when they make posts in the FOR SALE forum?

I checked the "fees" section of paypal, and it says that it's "free" to recieve money, and "free" to have that money transferred into my checking account....

Anybody?

-Matt

 

You get charged that percentage if you received a payment by credit card with Paypal.

 

also if you received a cc payment in the past , your account automatically tuns into a premier account and with every payment is now 3%+ no matter if its a CC

 

exactly the reason why i hate paypal and never accept any credit card paypals...

 

Three per cent paypal tax is worth the protection IMHO.

 

what protection? if you are a seller and recieve the money already what protection are you getting by paying paypal to take a credit card? for a buyer i would agree, but thats why you should only buy from trust worthy people.. Paypal protecting people, lol, thats a good one...

Paypal actually has a bad reputation for cheating and using shady means of running their business..

http://www.paypalwarning.com/
http://www.aboutpaypal.org/

i have personally known a person that went through hell with paypal and had no recourse, thats why i am against giving them my money..

BTW, never keep a balance with them... they are not FDIC insured and if they go under you lose your money...

 

Paypal is just a quick way of sending and recieving money.. even having paypal protection i have still been screwed over...

The only way to keep yourself safe thru paypal is get a tracking/signature confirmation...

 

thanks, guys...

-Matt

 

Paypal really is crappy, but it's the best option available.

I had a seller just disappear on me. Never went back to the board, never responded to PayPal claim, just disappeared. He could have died for all I know, but I do know that I did not recieve the product I payed $90 for.
So I filed my claim and since he never responded they sided with me. So they refund my money... $87.30! The bastards took my 3%!

They have us by the short ones and until someone else steps up to offer as good a service (as widespread) with better terms it is going to be this way.

 

if you use a credit card to pay, then paypal will get charged by the credit card company..... usually the credit card company will charge about 2%.... so PAYPAL is really only making 1% on any payments via CC.

on the $ right out of a bank acccount they are making the full 3%.

I love paypal..... whoever came up with it is a probably a zillionaire now!

where else can you sell something and get payment received so quickly and effortlessly?