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PayPal tariffs
Thread poster: Beatriz Rodeiro

Beatriz Rodeiro  Identity Verified
Local time: 10:29
English to Spanish
+ ...
Oct 8, 2009

Hello,

I am writing to enquire whether there is a way of reducing PayPal's tariffs when you receive a payment. They charge me 3.4% + €0.35 EUR for every transaction, meaning that if my invoice is worth 800 € I pay over 27 € commission. Is this standard??

Thanks in advance


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Evija Rimšāne  Identity Verified
Latvia
Local time: 11:29
Member
English to Latvian
~ Oct 8, 2009

Directly? No, there is no way. It's indeed a standard fee.
Indirectly? Yes, there are at least 2 ways:
-- either ask you client to pay the Paypal fee for you, i.e., add the relevant amount to your invoice
-- or use other means of payment, like Moneybookers or wire transfer.

Good luck!


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Beatriz Rodeiro  Identity Verified
Local time: 10:29
English to Spanish
+ ...
TOPIC STARTER
Is Moneybookers free? Oct 8, 2009

Thanks for your prompt reply, Evija, is Moneybookers free??

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Kristina Radziulyte  Identity Verified
Lithuania
Local time: 11:29
Member (2006)
English to Lithuanian
+ ...

MODERATOR
moneybookers Oct 8, 2009

Hi Beatriz. With Moneybookers, it is free to receive money:
http://www.moneybookers.com/app/help.pl?s=fees
and it cost 1.80 EUR (fixed fee) to withdraw money. There are some limits and special terms, but overall it's less expensive than PayPal.


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Evija Rimšāne  Identity Verified
Latvia
Local time: 11:29
Member
English to Latvian
Receiving is free Oct 8, 2009

Yes, you can receive your money for free using MBs.
You just need to pay EUR 1.80 fee to withdraw it to your bank account (no matter what is the total amount), but this is actually almost the same compared to the Paypal where you need to pay EUR 1.50 fee.
You can check additional details here: http://www.moneybookers.com/app/help.pl?s=fees


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Laurent KRAULAND  Identity Verified
France
Local time: 10:29
French to German
+ ...
My solution Oct 8, 2009

Hi everybody,
I know that PayPal is not exactly cheap, although my attempts to set my Moneybookers account to "Professional" failed every time.(*)
As I am now more or less "certified" by PayPal (and roared them into the phone some times), I prefer to stay with them and to write off their costs as professional expenses. The French revenue services will (have to) accept this, as it is less expensive than receiving an USD cheque - at least for the amount I am dealing with.

(*) My faith in MB is now well under the absolute zero level.

[Edited at 2009-10-08 20:40 GMT]


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Beatriz Rodeiro  Identity Verified
Local time: 10:29
English to Spanish
+ ...
TOPIC STARTER
PayPal tariffs Oct 8, 2009

Thanks for the info, Evija, Kristina and Laurent, I will have a look to Moneybookers

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Marek Buchtel  Identity Verified
Czech Republic
Local time: 10:29
Member (2005)
English to Czech
+ ...
Moneybookers not always free Oct 8, 2009

Hello,

Moneybookers is free for small amounts and/or as long as you're lucky.
If you exceed a certain volume (not clearly defined), they'll force you to sign a "merchant agreement", and then deduct 2.9-3.9% from each payment received.
This happened to me some time ago. They blocked my account (with some money in it, of course) and said: "You're using it for business purposes, you have to sign the merchant agreement". The choices were simple - you either sign, or you can cancel your account.
I did sign, but I've been using MB as little as possible since then.
So, beware

[Upraveno: 2009-10-08 22:07 GMT]


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Boris Sigalov
Local time: 11:29
English to Russian
I definitely prefer MB to PP Oct 8, 2009

Marek Buchtel wrote:

Moneybookers is free for small amounts and/or as long as you're lucky.
If you exceed a certain volume (not clearly defined), they'll force you to sign a "merchant agreement", and then deduct 2.9-3.9% from each payment received.


It seems I was lucky enough as for 6 years I have been using Moneybookers it has never happened to me. I definitely prefer MB to PP.


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Laurent KRAULAND  Identity Verified
France
Local time: 10:29
French to German
+ ...
Limitations Oct 9, 2009

Hi Marek,
then Moneybookers apply conditions similar to those of PayPal. Once the global volume of transactions (incoming and outgoing) exceeded some 2,500 euros, I had to have my account verified by PayPal.


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Lise Leavitt  Identity Verified
United States
Local time: 04:29
Member (2008)
Danish to English
+ ...
Using PP Oct 9, 2009

Since I am living in the States, it is not possible for me to use MB anymore.

I have used PP for about 2 years now. Yes, the fees are what they are, however it would cost me much more to receive a check from my non-US clients. I get charged 2.9% for a US payment and 3.9% for the rest + the 30 cents.

Like Laurent, I write off the fees and also have a PP debit card/Mastercard, which offers a charge-back of 1% for each $ 10.00 I spend using it.

PP however has an additional option of payment called e-check, which costs you a fixed fee of $ 5.00 no matter the amount of the payment. (not all EU-countries has this option though)

All-in-all I'm pretty happy with PayPal.

I hope you find what's best for you =)

Lise


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Quamrul Islam  Identity Verified
Local time: 15:29
Member (2009)
English to Bengali
+ ...
In some countries, MB is the only choice ! Oct 9, 2009

Well, I haven't yet had any chance to compare the two. PayPal offers no service for my country (Bangladesh), and it's Moneybookers that rescued me in times of need. It offers its services all over the globe. Let me hope that PayPal too will soon expand its business to places that still remain outside its operation.

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Laura Gentili  Identity Verified
Italy
Local time: 10:29
Member (2003)
English to Italian
+ ...
e-check Oct 9, 2009

Lise Leavitt wrote:
PP however has an additional option of payment called e-check, which costs you a fixed fee of $ 5.00 no matter the amount of the payment. (not all EU-countries has this option though)


I try to use this option as much as possible. It is always 5.00, ie it can be euros, USD, CAD, etc., no matter what currency it is, you pay 5.00 for an e-check.

What I dislike of it is that it takes so long. For example, on September 30 a Canadian customer of mine paid some money with an e-check. It took 8 calendar days to free such money, than it will take another 4 working days to get the money in my bank account in Italy. In other words, it takes approximately 15 calendar days to access the money. And they call them "instant payments"...


Laura


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Boris Sigalov
Local time: 11:29
English to Russian
Moneybookers in the States Oct 9, 2009

Lise Leavitt wrote:

Since I am living in the States, it is not possible for me to use MB anymore.


Lise,

As far as I know it's possible to use Moneybookers in the States again.


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xxxblomguib  Identity Verified
Local time: 07:29
English to Flemish
+ ...
watch out! Oct 9, 2009

just wanted to draw your attention to the following thread

Translation - art & business » Being independent »

Paypal's bait and switch technique - be aware!


Be warned!


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