FEES?? for goods or services PLUS payment made by credit card

mrichman333
Contributor
Contributor

Hi All, I know that the fee if a person sends money using a credut card is 2.9% and that the fee fr receiving money for goods or servics is 2.9%.  My question is, If a person uses a credit card to bay me for a service will I be charged the 2.9% because they used a CC AND another 2.9% because it is for a service?

 

Thanks

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4 REPLIES 4

DPCreations
Frequent Advisor
Frequent Advisor

You offer something for sale.  A buyer pays.  PayPal takes its fee for the service.  You have no idea how the buyer payed; all that matter is that PayPal processed the payment and charged you the 2.9%.  It's very simple.

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lancelotme
Frequent Contributor
Frequent Contributor

The seller always pay the fee when the buyer pays for goods and services.

2.9% plus 30 cents transaction fee,it would be deducted from his payment.

If your volume is high,you will get a lower rate like 2.6%,if you are like Walmart,you pay 1%,

There is also micro payment for sellers who accept payments $12 or less,transaction fee is 5 cents and discount rate is 5%,do your math !

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

For goods and services, they only charge you one fee.  They do not charge you again because the sender use a credit card.


Kudos & Solved are greatly appreciated. 🙂
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Radiohead99955
Contributor
Contributor

I just got stiffed paying for  goods/service from a Seller selling something and no idea why I now get charged a fee.  Never happened prior to any goods or services where I used my CC or Pay Pal Credit...some new undocumented money making thing with PP?

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