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Originally Posted by Chin_Lee
Ivy
you might want to check your paypal account to see what % they take off each transaction. The fee for each Receive Fund transaction is 2.9% + $0.55 CAD (ie I was charged $2.15 for a $55.25 transaction) which will add up with the number of people sending you various amounts of money.
It might be wise to ask people to send you an extra 4% of the amount they send you.
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Isn't this fee applied only if you are recieving credit card payments? If it is cash (bank account transfer) it should be free of charge. If I remember correctly.
I tried to show the table here from paypal. but it wouldn't work properly. anyways.. recieving funds is free for personal accounts... you need a business to recieve credit card payments.. then you have to pay a fee.. otherwise its all free.