Want to accept PayPal payments on your website? If so, you’ll want to take a few minutes to calculate your fees using PeachPay’s PayPal’s Fee Calculator.
One of the things that makes PayPal so popular is that it’s very user-friendly. However, one thing that business owners need to be aware of is the fact that Stripe does charge fees for its services.
In this article, we’ll show you how to use PayPal’s Fee Calculator to get an estimate of what you can expect to pay in fees. We’ll also provide some tips on minimizing your costs.
What is PayPal?
PayPal is a way to send and receive money online. When you sign up for a PayPal account, you can link your bank account, credit card or debit card to the account so that you can use it to make purchases at participating stores. Once this is done, PayPal serves as a middleman between your bank and the merchant; it keeps your payment information secure.
Is PayPal free to use?
Creating a PayPal account is free and online purchases and most personal transactions are also free. PayPal does, however, charge fees for certain types of transactions.
Is there an alternative to PayPal?
You can use Stripe as an alternative to PayPal. The processing fees are lesser when compared to PayPal. However, you must check if Stripe is available in your country. Also, you can check your Stripe Processing Fee here.
Calculating PayPal Fee For Every Transaction:
You can calculate the PayPal fee for every business transaction using PeachPay PayPal Fee Calculator. This calculator can help you determine how much PayPal’s processing fee will be when you’re receiving money through their service by just entering the amount and by hitting calculate. The amounts are calculated based on the U.S PayPal fee of 3.49% + $0.49 per transaction. The PayPal processing fee varies from country to country. Visit your local PayPal website to learn more about your local PayPal processing fees.
How to Reduce Your PayPal Fees:
When invoicing your clients using PeachPay, you can either pass on the stripe processing fee entirely on to your client or split it in half with your client. This way you can reduce or save your PayPal processing fee. You can send your invoices for free by going here.
Note that PeachPay does not charge anything extra. You only pay the PayPal processing fee when invoicing your clients.
PayPal Fee Calculator Takeaway:
Now that you’ve read our guide, you should have a good understanding of how to use the PayPal Fee Calculator to understand what your fees are, and how to reduce them. If you have any questions about this or any other topic, please don’t hesitate to reach out to us!
Must-Have Tool For Online Service Providers:
PeachPay is an all-in-one tool for online service providers. With PeachPay, you can send invoices, receive payments, sell digital goods and services and schedule free and paid calls with your clients. Over 19,000 independent service providers use PeachPay to manage and grow their online business.