PayPal account balance or an US bank account You can hold cryptocurrencies in your PayPal account without additional fees.īetween October 26 to December 31, 2021, a crypto purchase or sale of over $5,000 USD will be charged a lower fee. A crypto conversion spread, typically 0.50%, will also be charged per transaction. The fees are based on your transaction amount. You can now buy and sell crypto on PayPal. You don’t have to pay extra fees to purchase something through PayPal. If your transactions are less than $10 and you qualified for Micropayments. It replaces PayPal Here in some ways.įor more information, refer to PayPal Zettle. PayPal Zettle is the new POS solution for retail businesses. PayPal Online Card Payment Services – Charity Payment typeįor more information, refer to Payflow Payment Gateway. PayPal Online Card Payment Services Payment type There are no startup costs, no termination fees, and no monthly fees.įor more information, please refer to PayPal Here in America. Similar to the Square reader, PayPal Here is the point-of-sale card reader offered to physical store sellers. Domestic transactionĪlternative payment methods allow customers across the globe to pay with their bank accounts, wallets, and other local payment methods. There are further discounts if you are verified as a charitable 501(c)(3) organization. It refers to the ‘Donate’ button you see on some websites for receiving donations. Send/Receive Money for Goods and Servicesĭonation transaction is different from charity transactions. PayPal will also convert the payment to your account’s currency according to the market rate (sort of).įor more information, please refer to PayPal website payments. The fixed fee will vary based on the currency if the payment currency is not in USD. There is no additional international fee for funds processed through American Express. Commercial transaction feesĪlso known as the PayPal standard rate. It is important to note that if you have a personal PayPal account and sold a product or service with the fund being processed through PayPal, you are classified as a merchant. The fixed fee differs for each transaction and currency, whereas the percentage rate only varies for the different transaction types. PayPal merchant fee structureĪlso known as PayPal seller fees, a merchant rate is usually split into two parts: a percentage rate and a fixed fee. Use the free PayPal calculator above to calculate your PayPal online transaction fees. International payments might cost more.įor more information on PayPal fees, check out PayPal merchant fees or PayPal consumer fees. Sending money within the USA and withdrawing to a PayPal balance or local bank account is free. Buying something or making personal payments through PayPal is free if you use the same currency (USD for USD, etc.). PayPal processing fees are simpler for consumers. For a Goods and Services transaction, the PayPal transaction fee will be ($100 x 0.0289) + $0.49 = $3.38, and the merchant gets $100 – $3.38 = $96.62.In the case of a charity transaction, PayPal’s total fees will be ($100 x 0.0199) + $0.49 = $2.48, and the nonprofit will receive $100 – $2.48 = $97.52.Let’s do some manual calculations to work out the exact amount: The Goods and Services fee is 2.89% plus 49¢ for each domestic transaction. The standard fee for merchants is 3.49% plus 49¢ per domestic non-American Express transaction, while a charity’s transaction fee starts from 1.99% plus 49¢ per transaction. International transactions cost more for merchants and consumers, depending on multiple factors. Any transaction made through American Express might be discounted. Each product charges a different rate, and some have an additional fixed fee per transaction. You are considered a consumer if you buy something online or offline using PayPal.įor merchants, PayPal offers both online and point-of-sale products. Consumers refer to the customers or buyers, while merchants refer to the sellers or service providers. PayPal serves consumers and merchants (business owners) like any other payment processor. How to calculate PayPal USA transaction fees
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