topic Re: Why does seller need to pay echeque fee? in Selling

Why does seller need to pay echeque fee?

young31me — Fri, 13 Dec 2013 04:01:30 GMT

Hi, this is my first time to sell an item by echeque payment from buyer.

The payment has been cleared but i need to pay echeque fee about $4.95. The price of the item was $180. Its about 3% of whole lot.

why do i need to pay that? and can i cacel the item and refund the money to buyer because of that reason?

Thanks.

Re: Why does seller need to pay echeque fee?

bigbrickshop — Fri, 13 Dec 2013 04:05:19 GMT

The basic PayPal charge is 2.4% of the total sale including postage plus 30c. This is for instant payments through PayPal and PayPal eCheques.

There's a table of fees on the PayPal site

https://www.paypal.com/au/webapps/mpp/paypal-fees

Can you cancel the transaction because of the PayPal fee? No.

Re: Why does seller need to pay echeque fee?

beautbots01 — Fri, 13 Dec 2013 04:28:50 GMT

All sellers have to pay a Paypal fee regardless of whether paid as cash echeque if they receive payment through Paypal. 2.5% + .30 on $180 by my reckoning is $4.80 not sure what the extra 15c is for (postage maybe). If you have Paypal as an accepted form of payment you will always have to pay their fees.

Re: Why does seller need to pay echeque fee?

cq_tech — Fri, 13 Dec 2013 16:04:03 GMT

As sportandplay said in their post above, the basic fee for a Paypal sale transaction is a flat fee of $0.30 plus 2.4% of the entire invoice total.

Therefore, if the total sale price including postage came to $180, the Paypal fee payable by the seller would be exactly $4.62.

As the OP states that Paypal charged them a fee of $4.95, the total price would have been slightly more than $180 - $13.75 more, in fact, which I presume relates to the cost of postage (which also attracts a fee as it is part of the total amount transferred).

Ergo, if the OP was charged $4.95 by Paypal, the total invoice amount must have been precisely $193.75 of which they will have received $188.80.

Re: Why does seller need to pay echeque fee?

mtg-c4rdm4n — Fri, 13 Dec 2013 23:38:31 GMT

@cq_tech wrote:
As sportandplay said in their post above, the basic fee for a Paypal sale transaction is a flat fee of $0.30 plus 2.4% of the entire invoice total.

Therefore, if the total sale price including postage came to $180, the Paypal fee payable by the seller would be exactly $4.62.

As the OP states that Paypal charged them a fee of $4.95, the total price would have been slightly more than $180 - $13.75 more, in fact, which I presume relates to the cost of postage (which also attracts a fee as it is part of the total amount transferred).

Ergo, if the OP was charged $4.95 by Paypal, the total invoice amount must have been precisely $193.75 of which they will have received $188.80.
Holy Cow CQ. Thats way to much math for a Saturday morning. 😛