The most frequently asked question about the site is, does PayPal charge fees? The answer is yes and no. There are several actions that are burdened, and each differs depending on the amount spent and the country in which money is transferred. This site contains many different packages – personal, premier, business – but the cost is equal for all three. Their set percentages are competitive, thus making them the most preferred exchange site with over 225,000,000 members as of September 2010.
Signing up:
Fortunately, the answer of, does PayPal charge fees, is no in this instance. The owners understand that service would be lost if it cost to join. Registration is simple and will only take five minutes. Name, address, email, nationality, date of birth, and company name (if needed) are submitted in a form. As soon as the process is completed, money can be transmitted. In some cases a verified account is required.
Receiving payment or purchasing goods:
The reply is yes for, does PayPal charge fees, when it comes to receiving payment. This amount can vary anywhere from 1.9% to 2.9%. And to ensure that service isn’t abused, a fee of $0.30 is also added. If the money earned each month is lower than $3000, the percentage will be %3.9. However, if $100,000 is netted, then a member can apply for a merchant rate; 1.9%.
Fortunately, no fees are placed in purchasing products. Dues are only placed in receiving payments.
Monthly membership:
For the question of, does PayPal charge fees, the response is no in this case; similar to signing up. The website creators will only profit when an associate does. This will guarantee that account balances stay at or above $0.00. Also, this site will not force a member to stay active. Usernames or passwords will not be deleted for not signing in again.
Transferring from balance to bank account and vice versa:
No is the retort for, does PayPal charge fees, in this situation. However, the minimum to withdraw is $1.00. Personal transfers mean from and too banks. If a member decides to add $10 to their balance, they will not be charged. The same goes when adding $10 to a bank.
Transferring money via credit/debit/PayPal card:
Given that these transmissions are complicated, the answer to, does PayPal charge fees, is yes. The set rate is 2.9% plus $0.30. This dividend is applied every time a card is used. The proportion will never change regardless of the sum earned. The total will be the same whether $100 or $30,000 is relocated. One plus is that the sender doesn’t have to pay it; he/she chooses who will.
Cross border payments and currency conversions:
As an American company, this site must make an extra effort to convert currencies. Thus, the answer is yes for the question. However, these cross border costs only affect the person who is paid. The calculation fluctuates from 2.9% to 3.9% depending on a member’s month expenses. The set exchange cost is equivalent to $0.30. Also, the conversion stipend will never exceed $5.00 through eCheck.
The expenses mentioned above include the basics. Other answers concerning financial matters can be thoroughly addressed with the link provided below.
Reference:
- https://www.paypal.com/
