(Note: if your business is not based in the United States, you can substitute our mentions of “30 cents” throughout this text with the equivalent rate in your country’s currency. This presents an additional complication to the process of exchanging currency, and the processor will need to tackle this duty on top of the ones they already have. Perhaps the type of money being used is not the American dollar but the British pound, the Mexican peso, or the Japanese yen. For example, what about when the scenario we just described is exactly the same, except that the customer is shopping from somewhere outside of the United States? Alternatively, what about when the business is located in a different country? Processing payments like these may be quite different than for payments made by two parties within the same country.Īs you might expect, these international transactions may also require converting currency. That sounds as typical as it gets, but not every eCommerce transaction may be like that for your business. In this case, “standard” means a situation in which a seller based in the United States accepts an online payment from a customer also based in the United States using a credit card and paying with American currency.
#Paypal transaction fees software
This the price you pay for utilizing the software as part of your checkout process.īefore anything else, you should know that the standard domestic merchant fee that businesses must pay to use the PayPal Shopping Cart is 2.9% of the payment, as well as 30 cents for the whole transaction. If they receive any money from a transaction made with the shopping cart, they will be charged a fee. However, the same does not apply to the merchants utilizing PayPal. PayPal is appealing to customers because they do not have to pay anything extra for making purchases through this payment processor.
What Situations Result in Sellers Paying Fees?
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