Good to know! Thanks!
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 |
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 |
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| 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 ♥
So I started my journey with selling art and using PayPal at all recently and I received my first 'dollar' (it is $0,65 because of the fees). But money is blocked. I'm super confused because I don't know what should I do to unblock it or something. I'm just waiting, but maybe there's something I should do?
You don’t have to pay monthly or anything to pay (from what I know), I don’t have a business account myself. I believe you only pay if you make a certain amount of money. Paying through friends and family isn’t only evading taxes and thus could put you in legal trouble, but it also offers you no protection. An artist could block you without doing any work and there would be no way to get your money back.
Consider the ‘fee’ as you paying for buyer protection. You pay that little amount to make sure if anything falls through, you will definitely get your money back.
tbh, I'm confused with this and I suck with understanding, especially when it comes to maths. If someone can help me, it will be much appreciated because I need this for my commissions...
MilkyMoo27 Here's a PayPal fee calculator. Type in what prices you're considering for commissions and it'll tell what you'll actually receive. If the outcome is lower than you want than it's advised to charge a dollar or two more than the price your considering for cheaper commissions (cheap being under $15) and $2-3 dollars more for your more expensive commissions (15$+) up front. If you say your commissions are one thing, but the price your telling your client to pay is noticeably higher, that can be considered asking them to cover the PayPal fee which is against PayPal's tos. Hope this helps o/
This exists now
(copy paste from the facebook post by Darlene Ivy)
"hey guys remember back when the artist would tell u to send friends and family cause they dont want to eat that paypal fee? or they would openly tell u they will charge u for the fee cause it eats their funds. guess what? paypal said stop that and just let the customer choose if they want to cover the fees or not. ive had this option now twice.and i did just check with the artist to make sure they got the whole amount and its not paypal trying to get twice the fees off people. i thnk its a nice touch honestly cause i never mind paying the fees but dont like seeing someone force it on me
edit: i am noticing its picking and choosing which people it gives me the option to pay that fee for.as thus far 2 outta country seller accounts the option didnt pop up for but it also didnt pop up for few others so its gotta be in testing right?"
I don't know if this is the right place for this question, but... since it's about paypal fees I'll try.
I don't sell but buy commissions and adopts a lot and most of the artist like to be payed in USD, but I use euros. When I send them the money I'll usually have to pay a currency exchange fee, unless they invoice me. And till know I always payed that fee myself. Does the currency exchange fee fall under the mentioned paypal transaction fees?