So I just sold three watches and accepted paypal as I have done multiple other times.
This is the first time my receipt of payment has been over $200.
I understand paypals fee structure and dont mind eating the cost and not passing it along to the buyer.
What I didnt understand is having a negative echange going from US dollars to Canadian. I was getting less Canadian dollars than US even though the US dollar is worth more.
I was baffled to the point I called them this am - WTF?
Could be the fact Im sick and not thinking straight but I cant find mention on paypal of them adding 2% to the bank rate on currency exchange. "thats what credit cards do" I was told.
So to make a long story short I priced low for the benefit of others and not sit on them for a long time but in the end I got killed by paypal.
Between paypal and shipping im out 12% lol.
Ive never been able to justify passing along the fees but now understand why its done on purchases where they would be significant.
Thinking maybe my paypal days are numbered.