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-   -   Paypal is now 4.2% (https://www.homemadeturbo.com/general-discussion-6/paypal-now-4-2%25-78167/)

HMTguy 05-22-2007 04:35 PM

Re: Paypal is now 4.2%
 
When a seller accepts a credit card payments the cc company takes a percentage of the charge.

AgentMurdoc 05-22-2007 04:45 PM

Re: Paypal is now 4.2%
 
as long as you are a premiere member on paypal, you will be taxed. regardless if the payment is paypal funds, checking, e-check, or credit card. As soon as you accept one credit card payment, you are fucked.

stenseltizm 05-22-2007 04:46 PM

Re: Paypal is now 4.2%
 

Originally Posted by jagojon3
When a seller accepts a credit card payments the cc company takes a percentage of the charge.

that's the same anywhere though. every business that accepts credit cards has to kick back a small amount to the cc

Dr.Boost 05-22-2007 04:53 PM

Re: Paypal is now 4.2%
 

Originally Posted by jagojon3
When a seller accepts a credit card payments the cc company takes a percentage of the charge.

Yeah, but that has nothing to do with me. That's the business who pays those fees and those fees are a complete right-off for the business. Paypal is passing the fee(and then some) onto the seller and still getting to write it off. If the buyer pays with Paypal funds or a checking account they still pay the same fee, which IMO is crap. My bank doesn't charge Paypal a fee for a checking transfer and there shouldn't be a fee if I sent cash from my Paypal balance....or at least not that big of a fee. I hope Paypal and Ebay go under, but that will never happen. :3
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HMTguy 05-22-2007 05:10 PM

Re: Paypal is now 4.2%
 
I don't know what you're trying to say boost. You don't pay extra paypal fees when purchasing something, the seller does.

You don't pay the credit card fees when you use your credit card at a store, the seller does.

Guy-Fast 05-22-2007 05:11 PM

Re: Paypal is now 4.2%
 

Originally Posted by AgentMurdoc
as long as you are a premiere member on paypal, you will be taxed. regardless if the payment is paypal funds, checking, e-check, or credit card. As soon as you accept one credit card payment, you are fucked.


ya but the problem is everyone uses credit cards




salesmonkey 05-22-2007 05:58 PM

Re: Paypal is now 4.2%
 

Originally Posted by AgentMurdoc
also if you sell more than 5k a year on ebay, you will have to report that to the irs as income

are you seriuos??? i better watch out not to make it over that mark then

AgentMurdoc 05-22-2007 06:10 PM

Re: Paypal is now 4.2%
 

Originally Posted by chris

ya but the problem is everyone uses credit cards

yeah but i think some people out there think that using an e-check avoids these fees. When I get e-checks I'm like wtf!? it doesn't help either of us, I have to wait for my money and you have to wait longer for your product. I have a PayPal account for if you wanna use e-checks, lemme know ahead of time so I could forward it to you and I save of the fees! /short rant


Originally Posted by salesmonkey
are you seriuos??? i better watch out not to make it over that mark then

yeah sucks to, just started this year. So from the beginning of 2007, count your sales. Sucks too cause I'm already almost there :-\


Originally Posted by Dr.Boost
Yeah, but that has nothing to do with me. That's the business who pays those fees and those fees are a complete right-off for the business. Paypal is passing the fee(and then some) onto the seller and still getting to write it off. If the buyer pays with Paypal funds or a checking account they still pay the same fee, which IMO is crap. My bank doesn't charge Paypal a fee for a checking transfer and there shouldn't be a fee if I sent cash from my Paypal balance....or at least not that big of a fee. I hope Paypal and Ebay go under, but that will never happen. :3

I actually understood that... haha... and I concur

Guy-Fast 05-22-2007 06:38 PM

Re: Paypal is now 4.2%
 
Im very sketchy of echecks. The 2 times I got dicked over by paypal was both echecks. I make it clear of course the usual time along with another week or so



I like at them just like a normal check so Im taking my sweet f'in time

HondaTuner 05-22-2007 06:54 PM

Re: Paypal is now 4.2%
 
I get 0% APR on my credit cards if I pay them off monthly, so I'm babied in that aspect.

But I don't get charged by my bank for using my debit card, as in charging it or pulling money out, or transferring money to paypal. I'm used to no charges on anything.


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