Can't remember exactly, but IIRC I was charged something like 40p on a £7.50 transaction which equates to about 5%.
what is paypal's percentage cut per transaction?
mucho dinero amigo
Can't remember exactly, but IIRC I was charged something like 40p on a £7.50 transaction which equates to about 5%.
Its a lot!
But if you are running an online shop, their checkout system is the only one available unless you want to buy an SSL certificate for £300+/year
I find it very difficult to predict what paypal will charge for any given transaction . It is usually either ridiculously high or very low even free to me it appears to have no real logic to it.
I know that when I sell something on ebay, ebay and paypal take approx 10% of the final price..... 
When e-bay first started, never used to be like this.
Greed wins out in the end.
Ebays fees definitely used to be a set price, not a percentage of what the item sells for (if over a big value).
I also think that paypal is some kind of sister company to e-bay, so they get even more money.
Not even worth trying to get your money back into your own account as they charge you a transaction fee for that.
Foreign payments are even worse, with exchange rate on your credit card etc
Ebay and Paypal ARE the same company!
And yes... they used to be a lot fairer... but they are just interested in the money now!
quote:
Originally posted by tegwin
Its a lot!
But if you are running an online shop, their checkout system is the only one available unless you want to buy an SSL certificate for £300+/year
Google checkout requires that you have your own SSL certificate.... I did look at it...
It is a bit cheaper than paypal on transaction per transaction cost... but when you add in the SSL cost... unless you have a large turnover, it
makes no sence sadly 
One of the banks also offered a card transaction service... but that was even more inolved and deffinately needed SSL
Paypal take approx 4%, Ebay take approx 10%, so basically you sell for £100 & you'll actually see about £86
That's why I'm always prepared to do a deal for stuff I sell direct rather than thro' Ebay, the Paypal amount may still be applicable,
but it's a lot less painful than ebays share
Robbing gits! & yes the fees were lower up until earlier this year.
If you read Paypals marketing propaganda they are clearly very cheap
Those competitor prices are clearly (or is that symbolically) much higher!!
[geek]
on a sidenote, not connected to you project7, how can such a large company get away with "graphs" like that. Units and values on only side
of chart, no scale on the y-axis bar AND engineered with gaps between the segments so it appears they are twice as expensive without reading what it
actually means.
outrageous
[/geek]
quote:
Originally posted by cd.thomson
[geek]
on a sidenote, not connected to you project7, how can such a large company get away with "graphs" like that. Units and values on only side of chart, no scale on the y-axis bar AND engineered with gaps between the segments so it appears they are twice as expensive without reading what it actually means.
outrageous
[/geek]
It depends what you want to do.. if your online turnover is only around £200 a month paypal WILL work out cheaper... but if you have a £2000 turnover a week... getting your own gateway, certificate etc makes a lot more financial sense...
i heard an advert the other day that was so outrageous (in a similar vein to the deceptive graph above) that i was determined to complain about it to ASA. Sadly in my apathy i cant even remember what it was about now, but ive never been moved to complain before!
I run our ebay stuff at work and we pay ebay over a grand a month in fees let alone what we loose to paypal.
We always encourage customers to do a deal outside ebay / paypal by offering a fincancial incentive, however i often find that our customers have a
paypal account with a bit in that their misses knows nowt about and thats their play / project money and its easier and more discrete for them to pay
by paypal, unfortunately the customer is always right and we have to suck it up with the rest of the traders on ebay.
For us ebay is such a huge audence and for us to generate the volume of sales that we are currently experiencing through ebay , outside of ebay we
would have to spend a huge sum of money on advertising, web design and marketing and its just not viable to do that.
Rock and a hard place comes to mind.