Paypal charges

[Mat Jackson]

OK,

I`m a paypal newby, but am I right in thnking that as a domestic user there are no charges when I buy stuff using paypal, or when I sell stuff using it (ie when people send me money)

Also there seem to be no charges when I transfer moeny from my paypal account to my bank account.

So, thats great for me (if I have it right) but how do they make money?

[Barry Ashcroft]

They will charge you to receive money about 3% I think.

And when you receive money you have to manually transfare to your bank account which takes a few days where they are making interest with your money.

[JeffC]

you pay fees on what you recieve as barry said, think its 5%..

you think you have made a killing when you sell something on ebay but when you see what ebay charges you to list then a selling fee (10% of final price ?? ) then paypal fees it leaves you with next to nowt    

[Barry Ashcroft]

Purchase payments received (monthly) Fee per transaction

$0.00 USD - $3,000.00 USD                2.9% + $0.30 USD

$3,000.01 USD - $10,000.00 USD       2.5% + $0.30 USD

$10,000.01 USD - $100,000.00 USD   2.2% + $0.30 USD

> $100,000.00 USD                             1.9% + $0.30 USD

[pistonbroke]

its run by Al Capone