I’m trying to understand the fees associated with PayPal’s Goods and Services transactions. Can anyone provide a detailed breakdown of the costs involved, including the percentage fees and any additional charges? How does this fee structure compare to other payment methods or services? Also, are there any tips for minimizing these fees or best practices for managing transactions?
PayPal’s Goods and Services fee is generally 2.99% of the transaction amount with no fixed fee.
I’ve been using PayPal for a while now, particularly for Goods and Services transactions, and I’ve learned that they charge a fee of 2.9% of the transaction amount, plus a fixed fee based on the currency (usually around $0.30 in the US). These fees can add up, especially for larger transactions, and compared to other services like Venmo or Zelle, PayPal’s fees can feel a bit steep. However, PayPal does offer buyer and seller protection, which can be worth the cost. To minimize fees, consider bundling transactions to reduce the per-transaction fixed fee, or explore other platforms if fee reduction is a priority.
If you use PayPal to sell something, you need to pay the fee. Although I don’t see anything in the rules that says you can’t include that in the price, the buyer is free to refuse to pay it…