If I sold something and got paid via Paypal what fees, if any do I get charged for withdrawing/transfering the payment to my current account?
I have been on the Paypal website and can't really find a definative answer.

Cheers
Stu.

i don't think so, as it takes it as a debit card payment, and you don't get charges for making debit card payments

I think its £5.50 per transfer to a current account,
well, thats what i was charged last week.

hth
cheers
andy

£5.50!! I thought Paypal dropped the minimum £50 withdrawal to be fee free and you dont get charged anything!!

linky

What are the fees for adding and withdrawing funds?

PayPal does not charge for adding funds to your PayPal account or withdrawing funds from your PayPal account to your UK bank account. However, bank fees may apply. Please contact your bank for details.

[Edited on 14/3/10 by TigerB6 Paul]

Thats scary... I was just looking at paypal fees..

its free to withdraw from account to bank... they DO charge you a LOT to recieve money though... 3.4% ..plus 20p

They being Ebay (as they now own Paypal) - their level of overall transaction fees is only outdone by what we get hauled out of us by the government in taxes.

At least Ebay is optional!!

Nothing at all. It's about the only thing they don't charge you for....

now i,m intrigued

i have transferred funds from my paypal account twice in the last month & i,m pretty sure i was charged £5.50 per transfer,
tho when i,ve spent from the paypal account when i,ve been paid for selling an item i,ve not been charged anything in fees.

will check if i,ve been "done"

cheers
andy

Paypal Fees Link

£5.50 Transfer ???

This is now an option offered by PayPal, you can "express" withdraw at £5.50 or std withdraw for free.

Guess which box is already selected and as you guys above can testify its not easily spotted.

I reckon ebay badly needs a strong competitor to curb it's rampant greed.

Maybe we should start up Locostbay.co.uk.....

Googlebay or even Tescobay, someone needs to setup some competition as the fees are getting silly in my view.

Dave

I think it would have to be a big corporate name for people to take notice and try out the competitor. Would also need loads of financial clout to cover the advertising costs it would need to get it off the ground and going with any sort of momentum.

Funnily enough Tescobay was one that sprang to my mind. Maybe we should email Sir Richard and suggest Virginbay too....

[Edited on 15/3/10 by GeoffT]

What about Ebid are they any good as i did register a while back but couldnt find my way around there site or how it works so i dont look on there very often.

Anyone tried it.

Mike