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Paypal is now 4.2%

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Old 05-22-2007, 04:45 PM
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Default 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.
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Old 05-22-2007, 04:46 PM
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Default 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
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Old 05-22-2007, 04:53 PM
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Default 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.
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Old 05-22-2007, 05:11 PM
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Default 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



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Old 05-22-2007, 05:58 PM
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Default 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
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Old 05-22-2007, 06:10 PM
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Default 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.
I actually understood that... haha... and I concur
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Old 05-22-2007, 06:38 PM
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Default 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
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Old 05-22-2007, 06:54 PM
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Default 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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