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PayPal Fees.

Are you being overcharged?

     
11:45 pm on Feb 5, 2018 (gmt 0)

Senior Member from GB 

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PayPal have a rate schedule, in the UK it is this:

Purchase payments received (monthly)Fee per transaction
0.00 GBP 1,500.00 GBP3.4% + 0.20 GBP
1,500.00 GBP 6,000.00 GBP2.9% + 0.20 GBP
6,000.00 GBP 15,000.00 GBP2.4% + 0.20 GBP
15,000.00 GBP 55,000.00 GBP1.9% + 0.20 GBP
> 55,000.00 GBP1.4% + 0.20 GBP


Did you know you have to actually apply to get those rates? Sell 5,000 per month and you would expect them to charge you 2.9%+20p like the chart says. They will actually charge you 3.4%+20p unless you apply for the discounted rates - it is not automatic!

You may want to check the rates you are actually paying and apply if you are over the threshold.

Does anyone know if you have to apply every month? How it actually works?
9:19 am on Feb 6, 2018 (gmt 0)

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Wow, I didn't know that, thanks. That's definitely worth checking out as PP has become relatively expensive.