Pay Pal

[Talies R]

Fees:

Can someone please explain how the fees for Canadian residents works?

[HK2NR]

once you get paid from someone it's a percentage they take off, i can't remember what it was but it's not too much. When you transfer money to your bank account they deduct $.50 CAN from your paypal account.

[ryder_23]

when i get my credit card hoefully in next week. Do you think its worth it to get an account, i have an account, but havnt been able to match to a credit card yet cause i was too young to get a credit card. I do alot of online buisness btw.

[Talies R]

Originally posted by HK2NR
once you get paid from someone it's a percentage they take off, i can't remember what it was but it's not too much. When you transfer money to your bank account they deduct $.50 CAN from your paypal account.

50 cents for any amount you transfer?

[HK2NR]

Originally posted by Talies R


50 cents for any amount you transfer?

yup

[HK2NR]

Originally posted by ryder_23
when i get my credit card hoefully in next week. Do you think its worth it to get an account, i have an account, but havnt been able to match to a credit card yet cause i was too young to get a credit card. I do alot of online buisness btw.

at first i was skeptical to use paypal, never was secure paying for stuff through the net, but they have a very good reputation, dead beat sellers on ebay and they refund my amount entirely still Since you do a lot of online business, i say go for it, saves a lot of time and it's secure

[ryder_23]

Yeah, i'm always worried about gettinr ipped off since it did happen once. But i think i might give it a try when i get my visa. Umm, are their any monthly fees or just when u use it? thansk

[Talies R]

Originally posted by ryder_23
any monthly fees?

or anything else to watch out for? thanks for the help.

[04blackMAX]

i have a paypal account, not sure what the fees are for buying shit, i usuallu only get $$ sent to me, and for example, if you get 100.00usd, they take there cut u mught end up with like 96.50 and then its 50 cents to make a bank transfer

[ryder_23]

i guess u can always add into account paypal fees when u sell it, i see alot of that going on.

[HK2NR]

Originally posted by ryder_23
i guess u can always add into account paypal fees when u sell it, i see alot of that going on.

yeah just up the shipping and handling
and no there aren't any monthly fees

[CRXguy]

PayPal fee is 3%.