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  #1 (permalink)  
Old 09-05-2009, 11:01
fragglerock's Avatar
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Default Don't use this paypal fee calculator

I've been using this paypal fee calculator to figure out paypal fees. http://www.rolbe.com/paypal.htm with GingerandHoney's help (thank you!) I figured out that it's off by five cents! I know that five cents isn't a lot of money, but I hate the idea of overcharging people by any amount. I will find a different calculator to use and actually check to see that it's accurate from now on.
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Old 09-05-2009, 11:26
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Default Re: Don't use this paypal fee calculator

Okay now I'm completely confused! Here is a sample transaction

total = $48.64 x 2.9%=1.41+.30=$1.71 (total paypal fees)
Yet for this transaction paypal took $1.76 instead of $1.71 in fees, am I missing something?
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Old 09-05-2009, 11:48
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Default Re: Don't use this paypal fee calculator

I think if the transaction is from out of the country it charges 5 cents more. Atleast that is what the common thing was for the transactions that were 5 cents more in my paypal account. I keep meaning to look further into it, but haven't yet.
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Old 09-05-2009, 11:50
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Default Re: Don't use this paypal fee calculator

The fee calcutar is right in that it does say $1.76 just like paypal. However, the fee should be $1.71 not $1.76, if you do the calculation yourself you'll see what I'm talking about. What I'm wondering is where is that extra five cents coming from?
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Old 09-05-2009, 12:01
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Default Re: Don't use this paypal fee calculator

Quote:
Originally Posted by Wendy523 View Post
I think if the transaction is from out of the country it charges 5 cents more. Atleast that is what the common thing was for the transactions that were 5 cents more in my paypal account. I keep meaning to look further into it, but haven't yet.
But they are charging more then the 2.9% + .30 for every one of my transactions. I just calculated one that was overcharged by seven cents. I really want to know why there is an extra charge that why know one (except the person who created the paypal fee calculator) knows about it?
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Old 09-05-2009, 12:13
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Default Re: Don't use this paypal fee calculator

Nevermind, I figured it out, I'm just an idiot!
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Old 09-05-2009, 12:14
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Default Re: Don't use this paypal fee calculator

Quote:
Originally Posted by fragglerock View Post
Nevermind, I figured it out, I'm just an idiot!

What was it?
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Old 09-05-2009, 12:26
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Default Re: Don't use this paypal fee calculator

I was calculating the amount they should charge before tacking on the paypal fees.

Example: total before paypal fees: $71.69 x 2.9% = 2.08 + .30 = $2.38

$2.38 is what paypal should be charging me if I was only sent $71.69 but of course they are sending me the $71.69 + $2.38 which equals $74.07 that I'm recieving. So paypal is using the $74.07 as a jumping off point, which is correct and I was using $71.69 as a jumping off point, which is incorrect. And here I thought I was uncovering a vast paypal conspiracy!
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