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.
Update: The PayPall fee calculator is no longer available. We have removed the link to it from the article, and suggest you use the calculator on this site instead. Note that you can calculate PayPal fees if you know the fees, it won't look them up for you automatically. While that may be less comfortable than an automated solution, it is working and should provide you with the information you need.Advertisement
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Ghacks is a technology news blog that was founded in 2005 by Martin Brinkmann. It has since then become one of the most popular tech news sites on the Internet with five authors and regular contributions from freelance writers.