Transaction Fees for a Specific AMount

[sarahham]

I am taking payments on behalf of my needlepoint group for a class.  I need to make sure the fees I am adding to the invoice is enough to cover all the fees so the final amount in my account is the actual cost of the class. For example, if the actual cost (what I will need to pay my group) is $125 I need to make sure I send an invoice for enough so that in the end there is $125 available to pay my organization.  But if I invoice for 3.9% of $125 plus .30¢ I've now increased the amount of the invoice which then increases the fees, which if I add the increased fees it will increase the invoice which will increase the fees... it will go on and on until my head spins.  I know there is a way to do this.  HELP!!!

[sharpiemarker · Accepted solution]

@sarahham 

Use this PayPal fee calculator:

https://salecalc.com/paypal

The PayPal fee within US (from other US PayPal accounts) is 2.9% + 30 cents. In order to receive $125.00, you charge $129.04.

If receiving cross-border (non-US PayPal accounts) payment the rate is 4.4% + 30 cents so you'd charge $131.07 USD in order to receive $125 USD.