Reply to "Fee Handling On CertifiedRoadRaces.com"

AdminMember

The fee paypal charges is about $1.20 for a $30 business transaction (4%). I don't know what credit cards charge but I'm sure it's more than 2%. Some cards give the buyer 2% cash back on some purchases, so you can be sure they're charging more than that. Also, services often have a transaction fee plus percentage fee structure, so those $2 and $3 transactions might have much higher fees, percentagewise.

There are many options now for transferring money for free, so PayPal knows they have to provide this service in order to remain relevant. Venmo (which oddly enough is owned by PayPal) doesn't even offer the option to pay a fee.

PayPal makes it explicit on their website what you get for the fee you pay if you choose to do that.

https://www.paypal.com/us/weba...-safety-and-security

Obviously something we don't have a need for. Transferring for free or transferring with a fee are two different products they offer at two different costs.

9/11/1910:54 AM

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