Hi friends have you checked paypal's new policy,paypal is deducting 3.4% +0.30 on every transaction ,its very bad,today i got some payment for forum posting job but sadly i lost 0.50 while transfer .
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Hi friends have you checked paypal's new policy,paypal is deducting 3.4% +0.30 on every transaction ,its very bad,today i got some payment for forum posting job but sadly i lost 0.50 while transfer .
Well if Paypal had implemented this new policies they should have notified us by mail about the change in policy. They won't implement it directly. I have not received any mail regarding to this. Do you have a personal account or a premeir one ?
Well, i have just checked out the paypal personal fees policy as satyakam mentioned. Here is what i find out :
Purchase
Pay
Free
Get paid
2.4% to 3.4% + $0.30 USD
Personal Transfer
Send money/Receive money
Free when the money comes from PayPal balance or bank account.
3.4% + $0.30 USD
when the money comes from a debit or credit card or PayPal Credit
(the sender decides who pays this fee).
Well, it means it is only free when the transaction is made as account fund transfer. But if the sender pay us, and make it as product purchase type, then we are been charge for the 3.4% +30 cents fee? anyone can confirm it?
Does it extract fee for taking out our paypal money? i mean for money transfer from paypal to bank account as till now it was nothing for personal accounts
It is still nothing for personal account because if they changed their policies then they should had informed us about this but they didn't that means no change in anything of paypal.Quote:
Originally Posted by alensot
yes. so the sender may kindly choose the personnal transfer and it would still free. or will be charged some fees and that's really bad.
well sadly paypal didn't intimate but it is really frustrating to see your hard earned money goes like this,has any body recently paid by any forum owner ,if you have not received then you might not know it.But i faced it today and after searching i got it in new policies.Quote:
Originally Posted by mr.microsoft
well, this has not been confirmed yet, still we will have to test it out ourself by sending funds to our friends and then ask them to send back again. But if this really having charges, then working for the forum that pay through paypal is not worth it anymore.Quote:
Originally Posted by hyxfei
Well i also not aware of new policy of paypal after reading this thread i got itQuote:
Originally Posted by revvv1234
but Paypal have own rights and as per i know they only send email if their are any service or offer has been launched they don't send email for changes in rules and policy.
but new charges are high and getting difficult to use PP now :(
yes. i also have not recieve any notification aobut this fees and paypal would be really costy as they charge this kind of charges now.
Satyakam it is a bad news for all of us who are working for forums and get paid frequently though I can't understand what eddielkk has posted about paypal policy. What we are getting from a forum owner would be classified under which category? I heard that paypal would charge some fees if the payment is through credit card of the owner of the forum. Is your payment is just like that?Quote:
Originally Posted by satyakam
I get this fees information from paypal site, you can checkout paypal site for more details about the fees charges.Quote:
Originally Posted by ssarkar
Here is the link, hope will help you to understand the charges.
http://www.paypal.com/my/cgi-bin/web...y-fees-outside
yes. they charged fees for credit card payment before but now if the sender choose the sent item of purchase. we need to pay another charges ..Quote:
Originally Posted by ssarkar
Well, this is not confirm yet as noone really try send the fund to others by choosing purchase item, and where to set this puchase item in the send money in paypal? I thought we just need to put comments on the transaction only, how paypal knows which transaction to charges?Quote:
Originally Posted by hyxfei
that is the only hurting thing about paypal their fee is quite high so i degraded to personal account
Well as per the given link I do not see any change in the policy of Paypal. If the money is sent through a paypal account or bank account you would not be charged any fees. The forum owner must have paid you from a credit card and hence you must have been charged.Quote:
Originally Posted by eddielkk
hmmm I dont know this :cry: :cry: oh this is really bad now another charge more charges thats really not good I will have to check on this one and see how much they are going to deduct on the transaction I will make.
I use premier account, and paypal deduct $0.30 + 3.9% of total payment on every transaction.
That's why I never want to receive payment less than $2
Well as per i know their is 3.4% incuured on Credit card payment but their is no changes in Transfer money from PP to PP account from PP balance.Quote:
Originally Posted by alec11
As per the fees policy mentioned, there are still one condition for paypal to charges services charge when the payment received type is from the payment of goods selling, so, if anyone send payment to us and mentioned that it belong to pay for a product, then i think we might get chage too.Quote:
Originally Posted by moneymoney
hamm yup correct their will be charge for purchasing products for selling but their is charge for receiving payments from credit card.Quote:
Originally Posted by kiatsiang
paypal is really exploiting as every body using it today again i lost 73 cents from 412 ,it is really sad.Is there any option to get money to indian bank apart from paypal?what about money booker?
same here I really hate it already and if there is any other option then I would gladly take that option but I guess there is none. :cry: :cry: :cry:
You are right mr.microsoft.I also do not see any change in paypal policy.There has been something else which forced them to deduct your money.Ask them about this.Quote:
Originally Posted by mr.microsoft
well. there are two option when the sender send money to us. if he choose the purchase item then the receiver will be charged the charges.
Again been deducted for your payment? I think you may just ask the admin who send payment to you to choose transfer fund for service, and then it may not have any charges for your transaction. Anyway, i am still not sure as i haven't tried this before.Quote:
Originally Posted by satyakam
Their is another option have u need to do exchange direct from PP to Bank account deposit and that is bit difficult work.Quote:
Originally Posted by satyakam
No if you send money or fund transfer like we generally do money is still deducting,what paypal was doing in premier accounts now it is happening with personal accounts.Very bad.Quote:
Originally Posted by eddielkk
In this case, it is really bad, Even if we want to do exchange money as before, we will only get lower than what we suppose to get after being deducted with this new services charges.Quote:
Originally Posted by satyakam
yes. here we have no option to withdraw directly to bank account so if we want to keep some money. just let the money on the paypal account and wait the further notice...Quote:
Originally Posted by moneymoney
hamm but u had money order option to get paid money that is safe i think but fees are high in our country PP is providing three option to withdraw fundsQuote:
Originally Posted by hyxfei
1: bank account deposit
2: Credit Card paymet
3: Demand Draft
well another bad thing is if it dedcuts 3.4% ok we will adjust but 30 cent extra it is hurting further.Because if i have to give 1 dollar to some body then first 3.4% then another 30 cent will eb deducted then how much the receiver will get?
is this applicable only to certain type of account or how is it????
i have no idea about that : Demand Draft. what is that and what's the withdraw fees if you withdraw by this way?Quote:
Originally Posted by moneymoney
well demand draft is basically a draft which i sent in the name of bank account holder and then you can submit the draft and you get the payment but i don't think DD is the option provided by them.Quote:
Originally Posted by hyxfei
In this case, your receiver will only get 66cents for the 1 dollar he received. it is like deducting 34% of our money. So, with the new policy receiving big funds will only having better condition.Quote:
Originally Posted by satyakam
I wonder how those PTC site work with them in this way.
I receive payment from one online data entry work I have done and so far I wasnt deducted I got the full payment so far.
]Quote:
Originally Posted by danega
that is true there is no charge. anyways, what is this data entry work you are referring to. how much do you earn per day in that data entry work. hope you can share.
anyways, i think personal account will remain free of charge for receiving money. it will be bad it will change.
Yes even I did receive a payment from the offer I completed in a forum and I also received the full amount so I do not think that the Paypal policy has changed.Quote:
Originally Posted by danega