![]() ![]() Note that the fixed fee is based on the transaction currency, which might be higher or lower than the 30 cents charged for AUD. The formula is Currency conversion fee = (Total transaction amount – (Total transaction amount * Variable fee) – Fixed fee) * 0.03 Besides the additional cost, you might also lose out on lousy currency exchange rates. Receiving payments in currencies other than your default one will incur a currency conversion fee of 3% after all of PayPal’s fees. That’s a 30% reduction in fees, so using Micropayments will earn you heaps in the long run. Although the rate for Micropayments is 5%, its fixed fee is only 5 cents.įor a typical transaction, if a customer paid $5, PayPal will take ($5 x 0.026) + $0.30 = $0.43, and you will receive $5 – $0.43 = $4.57 after fees.įor a micropayment payment, the PayPal fee is only ($5 x 0.05) + $0.05 = $0.30, and you will get $5 – $0.30 = $4.70. If most of your payments are under $10, you should apply for Micropayments. Just by getting a merchant account, you have started the first step to saving more money. How do you avoid PayPal fees? For merchants Sending and receiving money within Australia is free too. If a customer pays $100 for an order, PayPal will take ($100 x 0.026) + $0.30 = $2.90, and the merchant will receive $100 – $2.90 = $97.10įor a domestic charity transaction, PayPal will take a lower cut-off ($100 x 0.011) + $0.30 = $1.40 and the nonprofit will receive $100 – $1.40 = $98.60įor PayPal consumers, buying something is free if you use the same currency (AUD for AUD, etc.). withdraw from your PayPal balance to your bank account or credit cardĬheck out the consumer fees page for more information on PayPal consumer rates.send money overseas (international payments).receive donations (merchant rate applies).There is also no charge for receiving money from your family and friends. There is no fee when you use PayPal to buy things or send money to your family and friends locally, provided there is no need for currency conversion. For more information on PayPal merchant rates, check out the merchant fees page. If the transaction currency differs, there will be an additional currency conversion fee and a different fixed fee.ĭifferent types of transactions/products also have separate fees. The formula is Standard fee = (Total transaction amount * 0.026) + $0.30įor international transactions, the rates will be higher. The standard rate for each commercial domestic transaction is 2.6% (variable fee) plus 30¢ (fixed fee), while charities are being charged less, starting from 1.1% plus 30¢ per local transaction. You can use it to calculate the exact amount PayPal charges you. Our PayPal calculator above has considered these conditions. ![]() the type of account (merchant or consumer).The fees charged by PayPal depend on multiple factors: PayPal fees differ across various types of transactions. PayPal Payment Pro will be ideal for large corporations and businesses dealing with many transactions. ![]() There are additional benefits such as employee access, tracking payments, get live customer support and more. With this account, you can sell under your business, company or charity name. This type of account caters to small and medium business owners. Selling using a personal PayPal account also limits the form of payments you can accept. It is worth noting that you will be charged the standard fees if you sell your second-hand items through online marketplaces (eBay, Etsy, etc.) and link to your account. You can also link it with your bank account to add funds to your PayPal account. You can use it to send money to friends and family and pay for goods and services. Personal accountĪs the name suggested, this is for personal PayPal transactions. PayPal offers three types of accounts for different users. Most online and brick-and-mortar shops accept PayPal payments through a wide range of products. PayPal is, without a doubt, one of the most popular digital wallets in Australia.
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