Originally Posted By Stasher1:
They're probably doing it to make sure they get the actual amount they want for their item. If you sell a $100 item and require the buyer to add 2.9%, PayPal charges the seller 2.9% of the transaction ($100 + 2.9%), which means the seller winds up with about $.08 less than the $100 they originally wanted for their item. Make sense?
You got the idea...I have a Resale license and sell online, EBay, almost anywhere. here's a sample of receiving payment thru paypal:
Items sold for: $ 394.98
Paypal fee: $ 11.75.......Ouch!!!!
total sale net: $ 383.23......Ouch!!!!
That's why I'm happy to receive MONEY ORDER, but in business, you got to cater to everybody.
In Ebay alone, I pay to LIST & when SOLD........then paypal comes in and take half of the last piece of pie!!!!!