I offer writing services and I am losing a lot of money on paypal. For example when I get paid $20 for 3 articles I actually get $18.92 and the rest is towards paypal fees. This amount adds up to a lot of money at the end of the month. I know you have to pay paypal fees to use it, but is there anyway we can reduce it?
If you wait until your PayPal account has hit 150.00 before transferring to your bank account it does not cost you a transfer fee.
What kind of Paypal account do you have?
Unless you want to accept credit card payments, you only need the "Personal" Paypal account. The basic Paypal account doesn't charge fees for receiving or sending payments within the same country, and only charges a small amount for international transactions.
I have known several people who got sucked into signing up for more sophisticated Paypal accounts which they didn't need, and ended up paying much higher fees.
I appreciate your advice Susan but I am losing money when I receive it I always transfer at $200 or more so don't lose money on transferring to my bank account.
Only one site I work for is charged PayPal fees. I have no idea why.
Paypal charges fees, there isn't much you can do about it as any other method charges even more fees.
Great feedback. I own a online store and yes Pay Pal is expensive. They like to take their fees and they like to really hold onto their money. But it is one of those evil things you can't be without. Many consumers will not even do business with you unless you offer it. And good ideas about lowering your Pay Pal fees would be great to here.
PayPal provides a service that is an important part of online financial transactions now. It may be annoying to have to pay for the service, but they have to pay their employees too. I'm all for finding legitimate ways to lower fees, as others have suggested and described here, but I don't have a problem with paying people a reasonable fee for a service they provide.
@silentsapphire: I think TamCor's idea is best - just up your fees somewhat. Charge $21.50 or $22 for three articles. Also, FYI - if you are in the US, the fee that you pay to PayPal is likely tax deductible, and that should help you out a little bit.
There are only two things I can think of to suggest to you...
One is to up your fees a couple of dollars, to where you are getting closer to the original amount you wanted for your services.
Another is to get their PayPal debit card, which works like a bank debit card. You can only use it for the amount that's in your PayPal account. But they have a cash back option, so when you use it as a credit card(by not punching in pin code for debit), you will get a percentage back into your account.
I've had mine for 7 years or so, so mine is 1.5% back. My husband got his later, after they'd changed it, so his is only 1%. But still, it's a way to at least get back something!
I am guessing that the 1% is still the going rate, but you'd have to check to be sure...
I never transfer the PayPal money to my bank account anymore--I just use my card to make purchases, or I can go to an ATM and withdraw what I want.
Hope this helps a little...
Fees for some types of transfer (including being paid for services) are 2-3% for all accounts, the sender can choose to pay it.
https://www.paypal.com/cgi-bin/webscr?c … es-outside
Maybe it depends which country you're in. In Australia, there's no fee to send or receive money domestically, if it's "personal".
https://cms.paypal.com/au/cgi-bin/marke … le.x=en_AU
You are charged for "commercial" transactions. I'm not sure how they determine what a commercial transaction is. I've never been charged these fees, except when being paid internationally (and that fee is inevitable because everyone charges for currency conversion).
Exactly, between friends is free. But anything where you are paid for a product or service costs 2-3%. The sender is meant to declare what type of transaction it is.
In all the time I've used Paypal, whether to pay for software, buy eBay items or receive payment from sites like HubPages, I've never been asked to declare anything.
I know it's different for Business accounts but I have no experience of that.
I get a drop box asking if it is a product, service or gift.
If you make over a certain amount they move you to a business account regardless.
The bottom line is that someone should be paying the 2-3% for any payment for services. If you have somehow avoided it, it might pay to lay low and not mention it.
If a company is declaring the payment as a professional service the fee will activate. For example I have a payment from webmerchant:
A lot of sites don't click the right button to dodge the fee.
I don't have a Hubads payment yet so I don't know what they do.
I write for a site in the USA and I am in Canada. When they pay me for articles that I write I am not charged anything at all.
by Cardia 4 years ago
I'm thinking of opening a Paypal account so that I can sign up for the Hubpages Earning Program, as well as doing some artwork commissions from online. However, I just want to hear some feedback from people who have/had Paypal accounts. Was it worth opening?Also I was wondering if it'd make any...
by Eugene Brennan 12 months ago
Usually I do until the exchange rate is favourable.
by sid_candid 7 years ago
I have been hearing from a lot of friends online about Paypal closing down their account because they had started making big money online. This is scary because not only are you at the risk of losing all the money you have in paypal but also a few clients as Paypal is the most preferred online...
by Alianess Benny Njuguna 15 months ago
Anyone with any idea why payment made by PayPal is not reflecting in my pay pal account? It was sent yesterday but as of today it is not showing the new payment. How long does it take for the payment to reflect in the account? It is not my first time to receive payment from Hubpages but I cannot...
by Oyewole Folarin 9 months ago
Hi Hubbers,Is it possible to associate my next of kin PayPal account with the HubPages ad program? Thanks for your kind reply.
by Morayma Rodriguez 5 years ago
I've been looking for a job for a while and heard that it's possible to earn a little money on Hubpages through writing articles and blogs. I found that I have to have a PayPal account in order to receive any payments and was wondering is I have to pay anything out of pocket in order to open one.
Copyright © 2019 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|