PSA: PayPal Fees (DO's and DONT'S) + TUTORIAL

Posted 7 years, 2 months ago (Edited 6 years, 9 months ago) by sonyaism

EDIT: Unsure where to put this, a follower of mine told me "General" would be good enough. lol

 

Hey everyone. Recently, I was in a situation concerning PayPal fees that left me salty.

So, being salty, I posted a PSA on my Toyhou.se bulletins.

Then, being even saltier, I updated and moved my PayPal Tutorial (used to be on dA) which I am here to share with you today!

Before I get started, I would like to just address PayPal Fees.

 

It goes against PayPal's User Agreement to charge
your customer/buyer PayPal's Trasaction Fees.

 

International Transactions

Please be aware that as of late 2016, PayPal has installed auto-currency exchange.
Please refer to my guide on Weebly on how to deal with it.
Please check in with people you are buying from outside the country if they want their money in USd or their home-currency.
ALSO, fees are higher than normal fees when sending abroad.

 

Transaction Fees

DO'S
DONT'S
  • DO know that asking someone to cover your PayPal Fees will get you in trouble.
    • They can limit or freeze your account which means you won't be able to receive or spend funds, depending.

  • DO know that it is against PayPal's User Agreement to charge someone PayPal's Transaction Fees.

  • DO raise your prices discreetly if the fees are that much of a hassle.

  • DO not ask for your buyer to cover your PayPal Fees.
  • DON'T use "Friends & Family" payment method to avoid fees.
    • As a Seller: Potentially can limit/freeze your account.
    • As a Buyer: The seller is able to scam you because this does not offer "PayPal Protection" which means you are unable to open a dispute against them if they run off with your money.

  • DON'T ask your buyer to cover your PayPal Fees.

  • DON'T ask your buyer to cover your PayPal Fees.

  • DON'T ask your buyer to cover your PayPal Fees.
Note: If you were someone that added an extra dollar or more when sending money, that can be considered a "tip."
 
You put extra money onto the transaction out of your own volition. No one asked you to do so.
 
If the seller did ask you to cover the fees, then they are violating PayPal's User Agreement which you, under no circumstance, should be covering the fees.

 

 

Screenshot of the User Agreement Clause

Explained

 

>> CLICK FOR MY PAYPAL TUTORIAL ON WEEBLY <<

PLEASE IGNORE THE FACT IT'S ON MY SPECIES WEEBLY.
IT'S EASIER TO MANAGE THAN MAKING A SEPARATE WEEBLY. LOL

 

Thanks for taking a read!

Feel free to critique, corret, and comment below!

I need the feedback. :')

>>sonyaism ♥

ErosHeart

Can someone explain in more detail what Paypal fees are? Sorry if I missed the explanation of it somewhere.

TheOnePandemonium

ErosHeart It's basically the amount Paypal gets for every transaction made in the platform!

Brook_your_ankles

Ok uh Sorri if this is answered somewhere and I'm just being blind but like I made a new paypal account like 3 months ago and whenever I get a payment Paypal holds it for 21 days and I really don't know what to do
I'm very confused because I had a paypal account before this (with a different email) and this never happened, I really don't know what I'm doing wrong or if this is something that can be fixed. Is this just a new thing that is going on that I'm just un aware about? I'm just so confused and tired of having to wait a whole month to buy something T-T

kizutsukeru

Brook_your_ankles

They do this all new PayPal accounts. Once you start using it more frequently, it'll drop the 21 day waiting period.

vampkari

have to bump this, this is old but gold rokuzz

Yuwasphere

Gosh, this is annoying. I didn't even think this was a thing till like.. A year ago? When I tried to commission someone for 8 dollars- cuz, I had 8 Dollars. and I checked their prices, they had a bundle for 8 so I requested one. they accepted and they asked me to pay 10, due to Paypal taking some. It annoyed me so much but I just- GAVE IN and I hate myself for it now.

Rettaila

Sorry if this has been answered before ;=; but I wanted to know if it’s better for artists that offer commissions to upgrade to a business account or not ?

Thank you in advance 🥺👉👈

LolaTheCatBab

A tax is a tax, deal with it.

Don’t ask someone to cover the tax fee for you and just deal with it. I was bummed when I had my first tax but it really didn’t matter to me because I can always make more money even when I lose some of the percentage I get or pay.