The other charges are the conversion rates changing currency. 3 to 4% is the part you should be concerned with. What a rip off.
18 responses Add your response
Aside from extra fees due to currency conversion with international sales, PayPal in the U.S. is very simple with a fee of 2.9% of the transaction plus 30 cents.
Now whether or not that's worth it is for each person to decide. But it's a straightforward business transaction and is only a "ripoff" if you don't know the specifics.
Use PayPal or don't use it, either is a valid choice. Just know (aka, research) what you're getting into ahead of time.
sun-warrior2 posts04-26-2016 7:45pmAside from extra fees due to currency conversion with international sales, PayPal in the U.S. is very simple with a fee of 2.9% of the transaction plus 30 cents.+1
it's PayPal fault you don't know the rules. Give me a break!
You write that PayPal charges you "like 3.2%" so where do you live? What nation? Perhaps the fee per transaction outside the U.S. is higher?
Or is the word "like" in your sentence your shorthand for saying you haven’t fully done the maths?
Dave, who surely also wishes PayPal fees were less but also wishes the least-expensive Aurender music server would cost only $650
And credit cards (for the seller) carry approximately the same fees, as well as foreign transaction fees, if appropriate. I think it's a fair service for transacting cash transactions quickly. I think it's also fair for a foreign buyer to take the fee for currency transaction, but I don't think the seller should be handing off the fee for the base transaction -- cost of doing business. If one doesn't want to use credit cards (or PayPal) in his sale, waiting for ten days for funds to clear, that's his choice. But if he wants a faster, cleaner sale, then he (seller) should pay that fee, unless disclosed otherwise at the outset of offer.
If you *really* trust the other party use Bitcoin for international if they'll accept it (where you actually know the seller or have done a lot of business with them before). Be careful though you can't reverse the transaction if there's a problem. Fees are almost nil. Just an option for certain scenarios.