Who's supposed to eat the Paypal fee?
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  1. #1
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    Who's supposed to eat the Paypal fee?

    Hi. i recently sold a watch on the forum, and the buyer paid me the price that I asked for. However, I did not receive the full amount because the buyer incurred some fees and pass them onto me.

    Is the price the amount that the buyer pays out of their wallet or is it the amount that the seller is supposed to receive?

    I'm a bit new selling here so I was wondering what are the generally accepted principles as far as payments through Paypal go.

    Thank you

  2. #2
    Member Drop of a Hat's Avatar
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    Re: Who's supposed to eat the Paypal fee?

    The rules of PayPal and the rules of WUS dictate that the seller pays the fees. Paypal gift is not allowed on f29 and it is not meant for sales, therefore has no buyer or seller protection attached. It is meant for friends and family alone.

    "He's just a witness"

    (Dedicated to the pink tiger stripe and the man behind it.)



  3. #3
    Moderator Emeritus Bradjhomes's Avatar
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    Re: Who's supposed to eat the Paypal fee?

    The seller is supposed to.

    We help process payments for millions of customers worldwide. Our seller fees are simple and transparent : PayPal charges UK sellers a fee of between 1.4% and 3.4% of the total sale plus 20p per transaction within the UK. The fee depends on how much you sell, so the more you sell, the less you pay. Check it out.

    Whatever happens, they actually pay the fees but they may ask you to send more money in order to cover the fees that they pay.
    Brad (@bradwatch)
    - appreciating fine affordable watches since 2011



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  5. #4
    Member little big feather's Avatar
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    Re: Who's supposed to eat the Paypal fee?

    You...Perhaps best with a white wine.....
    ShaggyDog likes this.
    Any watches posted may be seen as gifts,borrowed or found property and not as personal property of Little Big Feather.

  6. #5
    Member inhaus's Avatar
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    Re: Who's supposed to eat the Paypal fee?

    I wouldn't say it is the sellers responsibility to pay it, but it is the sellers responsibility to account for it. If you want 1000 and you don't want to pay the fees your price should be 1030, that would make the buyer responsible for the fees since you already accounted for them in your price. If you were charged fees and it was a surprise to you, you probably should have done a bit more homework and now you know for next time to account for it. Also as far as pp gift goes, the buyer is still protected through his or her CC company, but the seller has no protection as as far as paypal knows no item was purchased...

  7. #6
    Member ShaggyDog's Avatar
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    Re: Who's supposed to eat the Paypal fee?

    Just work out the amount you want to receive after fees and then set your asking price accordingly to take the fees into account.
    ChiefWahoo and TheEscapist like this.

  8. #7
    Member BrentYYC's Avatar
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    Re: Who's supposed to eat the Paypal fee?

    How was payment made, you didn't say? Everybody is assuming you used PayPal, but based on your statement that the buyer deducted a fee he incurred it doesn't sound like PayPal. If it was PayPal there is never a fee to the buyer so he should have paid you the full asking amount and PayPal would have made an adjustment on your end to account for their fee.

    If he was paying by wire transfer, money order, etc. then he should have paid you the full asking price and eaten the transfer fee or money order fee (at least that's what I've always done whenever I've made a payment that way).
    Last edited by BrentYYC; October 24th, 2014 at 23:15.

  9. #8
    Member Jrsnow's Avatar
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    Re: Who's supposed to eat the Paypal fee?

    Seller eats the PP fees unless your FS thread specifically states that buyer shall cover fees (or pay by bank wire), in which case if the buyer used PP they will need to add the fees to the purchase price.

  10. #9
    Member inhaus's Avatar
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    Re: Who's supposed to eat the Paypal fee?

    title of thread would hint to paypal...

    Quote Originally Posted by BrentYYC View Post
    How was payment made, you didn't say? Everybody is assuming you used PayPal, but based on your statement that the buyer deducted a fee he incurred it doesn't sound like PayPal. If it was PayPal there is never a fee to the buyer so he should have paid you the full asking amount and PayPal would have made an adjustment on your end to account for their fee.

    If he was paying by wire transfer, money order, etc. then he should have paid you the full asking price and eaten the transfer fee or money order fee (at least that's what I've always done whenever I've made a payment that way).

  11. #10
    Member BrentYYC's Avatar
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    Re: Who's supposed to eat the Paypal fee?

    Quote Originally Posted by inhaus View Post
    title of thread would hint to paypal...
    Yup... missed that. Actually, I forgot the title because I got sidetracked by him talking about the buyer being charged a fee, which wouldn't actually occur with a PayPal purchase. It makes me wonder if the OP is using the term PayPal generically to simply mean payment.
    Last edited by BrentYYC; October 24th, 2014 at 23:34.
    inhaus likes this.

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