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PayPal: Calculate fees - how to do the math yourself

Thanks to its buyer protection, PayPal is an attractive way to send and receive money. However, PayPal does not always provide its service free of charge, which is why you should consider when a transaction is worthwhile for you and what fees you will incur.

This is how you calculate fees at PayPal

Not only as a buyer, but also as a seller you have a protected framework at PayPal. Therefore, it is a safe way for you to transfer money online. You have two modes when transferring money through PayPal:
  1. Friends and Family: this service of PayPal is free of charge and is designed for you to transfer money to known people without any fees. At the same time, you should remember that there is minimal protection in this mode.
  2. Business: In this mode, you have to pay a fee, which is 2.49% of the total amount. PayPal also charges a fee of 0.35 euros per transaction. In this mode, you have all the protections that PayPal offers you.
Due to the fees, many merchants want to avoid the fee and ask that you send the money under the "Friends and Family" mode. However, you must always remember that your protections are limited by this.

By Sofko Hauxwell

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