Is PayPal too expensive?

Knowing Roger

New member
Joined
Feb 2, 2013
Messages
93
Points
0
Hi all

When it comes to charges, which Paypal takes from each payment and currency conversion, which they provide, do you think it is the most expensive payment processing on the web?
 

Julzwriter

Member
Joined
Jan 17, 2013
Messages
124
Points
18
Actualy, it is one of the cheapest and most convenient
payment gateways to use. That is why a lot of people
use it.
 

web3k

New member
Joined
Dec 23, 2012
Messages
39
Points
0
web3k
I'd agree with that. It will only start to get cheaper with PayPal and others when you start doing volume with them. Our merchant account with the bank is cheaper, however there were much higher fees to set-up and a much longer, more stringent process to sign-up.
 

BlackWoods

New member
Joined
Jan 29, 2013
Messages
180
Points
0
Paying part, it is quite reasonable.
But it charges quite high % for merchant side.
 

karmadir

New member
Joined
Feb 1, 2013
Messages
92
Points
0
Actually,it is expensive,but what can you do most of clients use it and on top of that it is free.
 

DistributionCloud

New member
Joined
Jan 14, 2013
Messages
7
Points
0
Hi,
For me, its actually really cheap. Specially for people in less develop countries where sending and receiving money is quite expensive.
Regards
 

Darius

New member
Joined
Sep 14, 2012
Messages
80
Points
0
When you are registered as business account at PayPal, it is expensive receiving money via PayPal.
I am talking about European country (EU member) than African one, for example.
When you send me $100,- to my my PayPal account, they will charge me around $4,80 (I guess $4,50 to 4,80). When I withdraw this money to my local bank account (from PayPal) it cost me nothing.
In Skrill/Moneybookers case, the same $ 100,- sent to me, cost me nothing. But, when I want to withdraw them to my local bank, it cost me around $2,80 and takes around 1 day sooner (two business days).
That's not enough. You should be also aware of exchange rate used by various pament processors. From my experience, Skrill are using far better rates than competition.
But, that's my own private few.
 

christina21mari

New member
Joined
Aug 12, 2013
Messages
8
Points
0
I've been suing paypal for quite a long time now in my business. Sad to say and you are correct it is a little bit-expensive. I think I have to switch to another medium. Do you have something to recommend that is less expensive but secured to use?
 

LeetHost

New member
Joined
Aug 5, 2013
Messages
30
Points
0
Yes it has been. Specially during past 3 years and I have been started to look into other payment methods.
 

TanyaDim

New member
Joined
Feb 27, 2014
Messages
43
Points
0
Yes it is expensive...of course Paypal is easy and fast to pay or transfer, but free lunch do not exist :p Also here in Bulgaria biggest part of people use that method...Paypal is a business, so they make their profit from charging transaction fees :)
 

NicholasK

New member
Joined
Jun 8, 2014
Messages
50
Points
0
Yes Paypal has now become the most expensive currency exchange on internet.... They are exploiting users..
 

Ch_SALMAN

New member
Joined
Jun 30, 2014
Messages
7
Points
0
Well, I had never thought of that in deep really. Always realize that fees belong to PayPal. They manage your funds in every safe way possible, So I feel they deserve that much.
It is not expansive at all.
Cheers !
 

NaturalWriter

New member
Joined
May 24, 2014
Messages
242
Points
0
Hipcat and I use several payment processors, and we both like Paypal. They charge relatively low fees compared to other processors out there. They only thing is, Hipcat and I would like to have a Paypal debit card, but sadly it's not available to Canadians :(
 
Older threads
Replies
3
Views
3,598
Replies
0
Views
1,723
Replies
0
Views
1,721
Replies
1
Views
2,248
Newer threads

Referral contests

Referral link for :

Sponsors

Latest Blog ArticlesMost Viewed Threads

Popular tags

You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.

Top