I sometimes send and receive money with PayPal because it is very convenient to do that. I do have hard times figuring out the fees that I have to pay when sending someone money using PayPal because the fees depend on the amount of money that you transfer monthly. This is not a problem if the seller pays the PayPal fees but some sellers do not and then I have to calculate what I have to add to the sum that the seller is receiving.
The best way for all users would be if PayPal would display those fees before you make the transaction so that you can check them before sending the money. They do not display them however and a service like the PayPal Fee Calculator comes in handy to determine the fees that you have to pay.
You select the country and currency where the payment is coming from and send to, the monthly sales volume and some optional settings like 2.5% conversion fee, Credit Card fees or eChecks. A user can then calculate the fees if he would receive money or if he would send money to another user.
Once a fee is calculated you can take a look at the fee breakdown to see how the fee has been calculated. A currency converter is as well on the website to help you out with that as well.
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http://youtube.com/watch?v=BarR_7M9zm8
The PayPal Fee Calculator is an excellent utility. I’ve often used my fingers and toes trying to figure out how much I need to charge to cover my PayPal fees. Thanks.
This is a great tool. But is out of date.. Check out the this site for the newest rates: http://www.calculatepaypal.com
Take care!