Re: paypal question Most PayPal Account Info from ther site

June 7, 2004

In a message dated 6/6/2004 4:31:03 PM Eastern Standard Time,

jilldouglas@... writes:

> hi all, I have a question for anyone who may use paypal on a website they

> own - can anyone tell me how much the monthly fees are, or if the rates

> fluctuate according to sales, etc? I have a friend who wants to use the

service

> but cant' seem to get a straight answer...

>

> Jill

>

Hi Love

Just have them, or anyone go to the PayPal site. Either click here or go

straight to the website, which I've coped here:

PayPal - Welcome

http://paypal.com/

There are a lot of answers to her question, depending on the situation, which

is probably why she's not getting a straight answer. It depends of the type

of account they set up, each has it's own fees, excpet I think there isn't

much of one, for very low level ones, unless the person sending you the money

uses a credit card. It's just like in any store. When a customer uses a credit

card, it costs the seller a percentage to use the MasterCard, Visa, etc. or

AE, services. Basically the way I understand it, the same applies here.

I've explained as much as I could think of & hope I didn't overload you with

info. But, it's basically everything you are going to find once you go to the

site & once they sign up for theri own account. I got this all from mine &

put it all here, to make it easier for you to see right away.

I beleive you will find in most cases, this is the formula they use.

2.2% + $0.30 USD to 2.9% + $0.30 USD

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Anyone with an email address can receive funds through PayPal. Again, it

costs the sender nothing. The more money you receive, the higher the percentage

that PayPal takes from the original amount sent, sort of as their

" commission " . Anyone can set up their own account, with their own inormation &

it get's

connected to your bank accounts, etc. It's all very secure, with log in &

password protection, etc. Actually it was recently bought out by Ebay.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

You can receive money & let it stay in the Pay Pal system & then use that

same money to pay someone else, basically without ever touching the money, or

you

can request that PayPal send you the money. I'm going to copy the charts for

the withdrawls as well. I believe it's free to take your money anytime, if

the money was put into your account by a U.S. bank & several other countires &

it's really pretty minimal from most other countires.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

If you you want to deposit money from, say your owm checking account into you

PayPal account, it's free:

This, as you can see below, from their site, it says it's free

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

To receive funds, as said, they do take a percentage, here is the formula.

Receive Funds Free 2.2% + $0.30 USD to 2.9% + $0.30 USD

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Here is the main chart, copied from their site.

Log Out | Help

Fees

PayPal charges Premier and Business accounts to receive payments. Personal

accounts are free, but may not receive credit card payments.

Personal Account Premier/Business Account

Open an Account Free Free

Send Money Free Free

Withdraw Funds Free for US bank accounts

Fees for other banks Free for US bank accounts

Fees for other banks Add Funds Free Free

Receive Funds Free 2.2% + $0.30 USD to 2.9% + $0.30 USD

Multiple Currency Transactions Exchange rate includes a 2.5% fee* Exchange

rate includes a 2.5% fee*

If you receive a payment from a user in another country, an additional

cross border fee will be charged. The cross border fee is an additional 1% for

U.S. Dollar payments and 0.5% for Canadian Dollar, Euro, Pound Sterling, and Yen

payments. This cross border fee is currently waived for Canadian sellers

receiving payments from U.S. buyers.

* If your transaction involves a currency conversion, it will be completed at

a retail foreign exchange rate determined by PayPal, which is adjusted

regularly based on market conditions. This exchange rate includes a 2.5% spread

above the wholesale exchange rate at which PayPal obtains foreign currency, and

the spread is retained by PayPal. The specific exchange rate that applies to

your multiple currency transaction will be displayed at the time of the

transaction.writeWindow('https://www.paypal.com/us/cgi-bin/webscr?cmd=_convert-c\

urrency-

generic','','420','250','');View Currency Converter

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Log Out | Help

Withdrawal Fees

Bank Location Currency Withdrawal Fee Return Fee

Australia Australian Dollar $1.00 AUD $20.00 AUD

Austria Euro â‚¬1.00 EUR â‚¬20.00 EUR

Belgium Euro â‚¬1.00 EUR â‚¬6.00 EUR

Canada Canadian Dollar $0.50 CAD $30.00 CAD

Denmark Danish Krone 5.00 DKK 42.00 DKK

Finland Euro â‚¬1.00 EUR â‚¬6.00 EUR

France Euro â‚¬1.00 EUR â‚¬23.00 EUR

Germany Euro Free â‚¬23.00 EUR

Hong Kong Hong Kong Dollar $3.50 HKD $40.00 HKD

Italy Euro â‚¬1.00 EUR â‚¬6.00 EUR

Japan Yen Â¥500 JPY Â¥620 JPY

Mexico Mexican Peso 20.00 MXN 180.00 MXN

Netherlands Euro â‚¬1.00 EUR â‚¬23.00 EUR

New Zealand New Zealand Dollar $1.00 NZD $23.00 NZD

Norway Norwegian Krone 5.50 NOK 45.00 NOK

Singapore Singapore Dollar $1.00 SGD $9.00 SGD

South Korea Korean Won 1,500 KRW 6,500 KRW

Spain Euro â‚¬1.00 EUR â‚¬6.00 EUR

Sweden Swedish Krona 7.00 SEK 53.00 SEK

Switzerland Swiss Franc 0.50 CHF 8.00 CHF

Taiwan New Taiwan Dollar 35 TWD 70 TWD

United Kingdom Pound Sterling Free for Â£50.00 GBP or more

Â£0.25 GBP for Â£49.99 GBP or less Â£14.00 GBP

United States U.S. Dollar Free None

There is

awriteWindow('https://www.paypal.com/us/cgi-bin/webscr?cmd=p/pop/withdraw_minimu\

m_amount-outside','','360','300','');minimum amount required to

withdraw funds to an international bank. May add a local bank account. Non-U.S.

members may also add a U.S. bank account to their PayPal account.

A Return Fee is assessed by the bank when a withdrawal is attempted using

incorrect bank account information. Please make sure the bank account

information

in your PayPal account is correct before making a withdrawal.

Us | User Agreement | Developers | Shops | Gift Certificates/Points

an eBay company

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Not to confuse you, but there are different kinds of PayPal accounts,

depending on how much you use it & what you want to use it for, like If it's a

big

business thing, etc. And now since they've been taken over by Ebay, they have

developed a lot of services that compliment each other, although you don't have

to do anything with Ebay to work with them. It' s just that you have a lot

more options now, if you do want to do that.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Log Out | Help

Account Types

PayPal offers three types of accounts: Personal, Premier, and Business

ALL accounts include these basic features:

Core Features:

Send Money

Request Money

Auctions Tools

Website Payments

Money Market

Virtual Debit Card

Account Insurance

Downloadable Log

Email-based customer servicePremium Features

All the Core Features

Do business as yourself, under a corporate name, or group name

Accept unlimited credit card payments

Payment Receiving Preferences

Subscriptions

ATM/Debit Card

Mass Payments

Multi-User Access *For Business Accounts

Advanced Downloadable logs

PayPal Shops

7 day-a-week toll free customer service

So what are the differences?

Personal Accounts

Send money for FREE

Receive money for FREE (non-credit card payments only)

Can upgrade to a Premier account at any timePremier Accounts

Send money for FREE

Low fees for receiving money

No limit on receiving credit card payments

Exclusive customer service hotline 7 days a week

Special tools for sellers Business Accounts

Include all the features Premier accounts

Can do business under a corporate or group name

Access to Multiple Logins

Us | User Agreement | Developers | Shops | Gift Certificates/Points

an eBay company

And I believe it sounded like you were asking about a personal account, so

here are the fees that they currently have advertised, for receiving money

through them. Again, it's kind of like their commision, I would say. I think,

actually, it's the same as the one they have listed at the start, but here is is

from this part of the sire. which is basically what I wrote up above.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Log Out | Help

Fees

https://www.paypal.com/en_US/i/scr/pixel.gif " WIDTH= " 6 " HE

PayPal charges Premier and Business accounts to receive payments. Personal

accounts are free, but may not receive credit card payments.

Personal Account Premier/Business Account

Open an Account Free Free

Send Money Free Free

Withdraw Funds Free for US bank accounts

Fees for other banks Free for US bank accounts

Fees for other banks Add Funds Free Free

Receive Funds Free 2.2% + $0.30 USD to 2.9% + $0.30 USD

Multiple Currency Transactions Exchange rate includes a 2.5% fee* Exchange

rate includes a 2.5% fee*

If you receive a payment from a user in another country, an additional

cross border fee will be charged. The cross border fee is an additional 1% for

U.S. Dollar payments and 0.5% for Canadian Dollar, Euro, Pound Sterling, and Yen

payments. This cross border fee is currently waived for Canadian sellers

receiving payments from U.S. buyers.

* If your transaction involves a currency conversion, it will be completed at

a retail foreign exchange rate determined by PayPal, which is adjusted

regularly based on market conditions. This exchange rate includes a 2.5% spread

above the wholesale exchange rate at which PayPal obtains foreign currency, and

the spread is retained by PayPal. The specific exchange rate that applies to

your multiple currency transaction will be displayed at the time of the

transaction.writeWindow('https://www.paypal.com/us/cgi-bin/webscr?cmd=_convert-c\

urrency-

generic','','420','250','');View Currency Converter

Us | User Agreement | Developers | Shops | Gift Certificates/Points

an eBay company

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

So my dear, that's about it. You are alway so helpful to everyon else, I

figured the least I could do was do a bunch of cutting & pasting & have all the

info here for you. Take care, be well & just maybe, maybe, maybe, I'll get to

see you REAL soon, depending on how things work out. Luv Ya,

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