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Why did PayPal charge me a fee for receiving money?

By Laura S. Harris
Sep 3, 2021

To stay in business, the company needs to make some form of income off of its services. To do this, PayPal charges a fee for most transactions that go through its system. And in most cases, these fees are charged to the person or company receiving the money. ... This fee will vary depending on the transaction's currency.

Does Venmo charge a fee for receiving money?

A quick look at our fees Venmo doesn't charge for basic services like: Sending money from a linked bank account, debit card or your Venmo balance. Receiving/withdrawing money into your Venmo account or using our standard transfer to your bank account. Venmo also has NO monthly or annual fees.

Why is PayPal charging me a fee for friends and family?

When sending money via “friends and family”, if the person sending the money is using a credit or debit card then the payor is charged a 2.9% fee with the option to pass that fee on to the recipient of the money. If the payor is paying from their bank account, they can send money to anyone in the US for no fee.

Who pays the fee on PayPal?

seller. When completing a transaction through PayPal, the seller must pay a PayPal fee. The buyer isn't forced to pay any fee. The fee the seller pays is calculated for each transaction and is represented as a percentage of the total transaction plus 30 cents.

What is PayPal transaction fee?

The current fees for PayPal Payments Pro are 2.9% + $0.30 per transaction for US transactions. For international transactions, they're 4.4% + a fixed fee. The fixed fee differs between locations, like the standard transaction fees above. There's a different fee structure for Virtual Terminal transactions.

How do I avoid international fees on PayPal?

How Do I Avoid PayPal Fees? Fund transactions using your PayPal account. This is the easiest way to reduce the different fees charged by PayPal. ... Make larger payments. When transferring money directly to another PayPal account, the fee is capped at $4.99. ... Factor PayPal costs into pricing. ... Deduct fees at tax time.

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