Good-Guy
VIP Contributor
PayPal is one of the greatest payment processors that is used by thousands of people. Despite the fact that PayPal has limited its operations to some countries, it has still managed to remain the best payment processor out there. This is because it is one of the strongest payment processor. However, I have also noticed that many people have been complaining a lot about high fees charges of PayPal. According to the official sources of PayPal, PayPal charges a fees in the following scenarios:-
1) When someone gets money when the customer purchases something using PayPal
2) When someone send or receives money from outside the country
3) When someone send money using credit cards or debit cards
3) When you send money to your bank account through credit cards and debit cards.
In the past, PayPal used to charge around 3 percent fees and an extra $0.30 fees for transaction. However, this also increased around $3.5 and around $0.50 fees when it comes to digital money transfer. According to what I have read, regular payments using PayPal would charge around 1.9 percent fees along with 10 cents extra charges. This means if you send or receive $20, then you would be paying a whooping $0.48 in total as fees! So, why is PayPal so popular despite being so expensive?
1) When someone gets money when the customer purchases something using PayPal
2) When someone send or receives money from outside the country
3) When someone send money using credit cards or debit cards
3) When you send money to your bank account through credit cards and debit cards.
In the past, PayPal used to charge around 3 percent fees and an extra $0.30 fees for transaction. However, this also increased around $3.5 and around $0.50 fees when it comes to digital money transfer. According to what I have read, regular payments using PayPal would charge around 1.9 percent fees along with 10 cents extra charges. This means if you send or receive $20, then you would be paying a whooping $0.48 in total as fees! So, why is PayPal so popular despite being so expensive?